ANEFX vs. ANWPX
Compare and contrast key facts about American Funds The New Economy Fund (ANEFX) and American Funds New Perspective Fund Class A (ANWPX).
ANEFX is managed by American Funds. It was launched on Nov 30, 1983. ANWPX is managed by American Funds. It was launched on Mar 13, 1973.
Performance
ANEFX vs. ANWPX - Performance Comparison
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ANEFX vs. ANWPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ANEFX American Funds The New Economy Fund | -5.53% | 31.01% | 23.58% | 29.14% | -29.67% | 12.85% | 33.47% | 26.46% | -4.36% | 34.37% |
ANWPX American Funds New Perspective Fund Class A | -5.30% | 21.33% | 16.76% | 24.63% | -25.92% | 17.64% | 33.42% | 30.10% | -5.99% | 28.91% |
Returns By Period
The year-to-date returns for both investments are quite close, with ANEFX having a -5.53% return and ANWPX slightly higher at -5.30%. Over the past 10 years, ANEFX has outperformed ANWPX with an annualized return of 13.86%, while ANWPX has yielded a comparatively lower 12.32% annualized return.
ANEFX
- 1D
- 3.23%
- 1M
- -8.16%
- YTD
- -5.53%
- 6M
- 1.14%
- 1Y
- 30.69%
- 3Y*
- 21.55%
- 5Y*
- 8.86%
- 10Y*
- 13.86%
ANWPX
- 1D
- 3.10%
- 1M
- -6.93%
- YTD
- -5.30%
- 6M
- -3.65%
- 1Y
- 16.52%
- 3Y*
- 14.90%
- 5Y*
- 7.06%
- 10Y*
- 12.32%
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ANEFX vs. ANWPX - Expense Ratio Comparison
ANEFX has a 0.75% expense ratio, which is higher than ANWPX's 0.72% expense ratio.
Return for Risk
ANEFX vs. ANWPX — Risk / Return Rank
ANEFX
ANWPX
ANEFX vs. ANWPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds The New Economy Fund (ANEFX) and American Funds New Perspective Fund Class A (ANWPX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| ANEFX | ANWPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.52 | 1.01 | +0.50 |
Sortino ratioReturn per unit of downside risk | 2.16 | 1.55 | +0.61 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.21 | +0.09 |
Calmar ratioReturn relative to maximum drawdown | 2.31 | 1.42 | +0.89 |
Martin ratioReturn relative to average drawdown | 9.75 | 5.78 | +3.97 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ANEFX | ANWPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.52 | 1.01 | +0.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.46 | 0.41 | +0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.73 | 0.70 | +0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.70 | 0.65 | +0.05 |
Correlation
The correlation between ANEFX and ANWPX is 0.89, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
ANEFX vs. ANWPX - Dividend Comparison
ANEFX's dividend yield for the trailing twelve months is around 10.51%, more than ANWPX's 6.94% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ANEFX American Funds The New Economy Fund | 10.51% | 9.93% | 9.59% | 3.96% | 0.00% | 8.24% | 2.47% | 7.34% | 10.00% | 8.28% | 4.61% | 6.16% |
ANWPX American Funds New Perspective Fund Class A | 6.94% | 6.57% | 5.13% | 5.36% | 4.16% | 7.01% | 4.13% | 3.67% | 7.59% | 5.50% | 3.86% | 6.14% |
Drawdowns
ANEFX vs. ANWPX - Drawdown Comparison
The maximum ANEFX drawdown since its inception was -61.28%, which is greater than ANWPX's maximum drawdown of -52.34%. Use the drawdown chart below to compare losses from any high point for ANEFX and ANWPX.
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Drawdown Indicators
| ANEFX | ANWPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.28% | -52.34% | -8.94% |
Max Drawdown (1Y)Largest decline over 1 year | -13.35% | -11.75% | -1.60% |
Max Drawdown (5Y)Largest decline over 5 years | -36.63% | -34.45% | -2.18% |
Max Drawdown (10Y)Largest decline over 10 years | -36.63% | -34.45% | -2.18% |
Current DrawdownCurrent decline from peak | -10.54% | -8.73% | -1.81% |
Average DrawdownAverage peak-to-trough decline | -11.48% | -8.13% | -3.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.16% | 2.89% | +0.27% |
Volatility
ANEFX vs. ANWPX - Volatility Comparison
American Funds The New Economy Fund (ANEFX) has a higher volatility of 7.52% compared to American Funds New Perspective Fund Class A (ANWPX) at 6.24%. This indicates that ANEFX's price experiences larger fluctuations and is considered to be riskier than ANWPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ANEFX | ANWPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.52% | 6.24% | +1.28% |
Volatility (6M)Calculated over the trailing 6-month period | 13.55% | 10.32% | +3.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.87% | 17.02% | +3.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.22% | 17.15% | +2.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.02% | 17.77% | +1.25% |