ANEFX vs. DIA
Compare and contrast key facts about American Funds The New Economy Fund (ANEFX) and SPDR Dow Jones Industrial Average ETF (DIA).
ANEFX is managed by American Funds. It was launched on Nov 30, 1983. DIA is a passively managed fund by State Street that tracks the performance of the Dow Jones Industrial Average. It was launched on Jan 14, 1998.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ANEFX or DIA.
Key characteristics
| ANEFX | DIA | |
|---|---|---|
| YTD Return | 12.58% | 6.33% |
| 1Y Return | 29.33% | 21.35% |
| 3Y Return (Ann) | 3.74% | 7.19% |
| 5Y Return (Ann) | 11.38% | 11.28% |
| 10Y Return (Ann) | 10.95% | 11.50% |
| Sharpe Ratio | 2.27 | 2.13 |
| Daily Std Dev | 13.56% | 9.83% |
| Max Drawdown | -60.55% | -51.87% |
| Current Drawdown | -2.51% | -0.46% |
Correlation
The correlation between ANEFX and DIA is 0.79, 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.
Performance
ANEFX vs. DIA - Performance Comparison
In the year-to-date period, ANEFX achieves a 12.58% return, which is significantly higher than DIA's 6.33% return. Over the past 10 years, ANEFX has underperformed DIA with an annualized return of 10.95%, while DIA has yielded a comparatively higher 11.50% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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ANEFX vs. DIA - Expense Ratio Comparison
ANEFX has a 0.75% expense ratio, which is higher than DIA's 0.16% expense ratio.
Risk-Adjusted Performance
ANEFX vs. DIA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds The New Economy Fund (ANEFX) and SPDR Dow Jones Industrial Average ETF (DIA). 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.
Dividends
ANEFX vs. DIA - Dividend Comparison
ANEFX's dividend yield for the trailing twelve months is around 3.52%, more than DIA's 1.70% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ANEFX American Funds The New Economy Fund | 3.52% | 3.96% | 0.00% | 7.55% | 2.47% | 7.34% | 10.00% | 8.28% | 4.61% | 6.16% | 9.31% | 6.96% |
DIA SPDR Dow Jones Industrial Average ETF | 1.70% | 1.81% | 1.91% | 1.58% | 1.87% | 2.09% | 2.24% | 1.97% | 2.26% | 2.33% | 2.02% | 2.08% |
Drawdowns
ANEFX vs. DIA - Drawdown Comparison
The maximum ANEFX drawdown since its inception was -60.55%, which is greater than DIA's maximum drawdown of -51.87%. Use the drawdown chart below to compare losses from any high point for ANEFX and DIA. For additional features, visit the drawdowns tool.
Volatility
ANEFX vs. DIA - Volatility Comparison
American Funds The New Economy Fund (ANEFX) has a higher volatility of 4.16% compared to SPDR Dow Jones Industrial Average ETF (DIA) at 2.89%. This indicates that ANEFX's price experiences larger fluctuations and is considered to be riskier than DIA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.