ANEFX vs. FATIX

Last updated Apr 1, 2026

Compare and contrast key facts about American Funds The New Economy Fund (ANEFX) and Fidelity Advisor Technology Fund Class I (FATIX).

ANEFX is managed by American Funds. It was launched on Nov 30, 1983. FATIX is managed by Fidelity. It was launched on Sep 3, 1996.

Performance

ANEFX vs. FATIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Funds The New Economy Fund (ANEFX) and Fidelity Advisor Technology Fund Class I (FATIX). The values are adjusted to include any dividend payments, if applicable.

ANEFX vs. FATIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ANEFX American Funds The New Economy Fund	-8.49%	31.01%	23.58%	29.14%	-29.67%	12.85%	33.47%	26.46%	-4.36%	34.37%
FATIX Fidelity Advisor Technology Fund Class I	0.00%	24.65%	35.36%	59.71%	-36.01%	27.59%	64.34%	50.99%	-8.24%	49.83%

Returns By Period

ANEFX

• 1D: -1.45%
• 1M: -11.34%
• YTD: -8.49%
• 6M: -0.97%
• 1Y: 27.41%
• 3Y*: 20.27%
• 5Y*: 8.57%
• 10Y*: 13.50%

FATIX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ANEFX vs. FATIX - Expense Ratio Comparison

ANEFX has a 0.75% expense ratio, which is higher than FATIX's 0.71% expense ratio.

ANEFX

American Funds The New Economy Fund

FATIX

Fidelity Advisor Technology Fund Class I

Return for Risk

ANEFX vs. FATIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ANEFX

ANEFX Risk / Return Rank: 75
ANEFX Sharpe Ratio Rank: 74
ANEFX Sortino Ratio Rank: 76
ANEFX Omega Ratio Rank: 71
ANEFX Calmar Ratio Rank: 77
ANEFX Martin Ratio Rank: 79

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ANEFX vs. FATIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Funds The New Economy Fund (ANEFX) and Fidelity Advisor Technology Fund Class I (FATIX). 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	FATIX	Difference
Sharpe ratio Return per unit of total volatility	1.30	—	—
Sortino ratio Return per unit of downside risk	1.88	—	—
Omega ratio Gain probability vs. loss probability	1.26	—	—
Calmar ratio Return relative to maximum drawdown	1.78	—	—
Martin ratio Return relative to average drawdown	7.69	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	ANEFX	FATIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.30	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.45	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.71	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.70	—	—

Correlation

The correlation between ANEFX and FATIX is 0.86, 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. FATIX - Dividend Comparison

ANEFX's dividend yield for the trailing twelve months is around 10.85%, more than FATIX's 9.75% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ANEFX American Funds The New Economy Fund	10.85%	9.93%	9.59%	3.96%	0.00%	8.24%	2.47%	7.34%	10.00%	8.28%	4.61%	6.16%
FATIX Fidelity Advisor Technology Fund Class I	9.75%	9.75%	7.19%	3.74%	3.32%	11.43%	7.31%	2.50%	22.35%	7.93%	1.52%	4.46%

Drawdowns

Drawdown Indicators

	ANEFX	FATIX	Difference
Max Drawdown Largest peak-to-trough decline	-61.28%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-13.35%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-36.63%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-36.63%	—	—
Current Drawdown Current decline from peak	-13.35%	—	—
Average Drawdown Average peak-to-trough decline	-11.48%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	3.09%	—	—

Volatility

Volatility by Period

	ANEFX	FATIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.51%	—	—
Volatility (6M) Calculated over the trailing 6-month period	13.19%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	20.67%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.17%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.99%	—	—