ANEFX vs. FATIX

Last updated Aug 4, 2026

ANEFX (American Funds The New Economy Fund Class A) and FATIX (Fidelity Advisor Technology Fund Class I) are both mutual funds - ANEFX is a Global Equities fund actively managed by American Funds, while FATIX is a Technology Equities fund managed by Fidelity. Their correlation of 0.85 means they have usually moved in the same direction. ANEFX charges 0.72%/yr vs 0.71%/yr for FATIX.

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 Class A (ANEFX) and Fidelity Advisor Technology Fund Class I (FATIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ANEFX

• 1D: 1.17%
• 1M: -3.54%
• 6M: 11.06%
• YTD: 15.44%
• 1Y: 37.42%
• 3Y*: 25.62%
• 5Y*: 12.01%
• 10Y*: 15.82%
• ALL TIME*: 13.39%

FATIX

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

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ANEFX American Funds The New Economy Fund Class A	$0.00	$0.00	$0.00

ANEFX vs. FATIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ANEFX American Funds The New Economy Fund Class A	15.44%	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%

Correlation

The correlation between ANEFX and FATIX is 0.38, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.38
Correlation (3Y) Balances recent behavior with more history.	0.70
Correlation (5Y) Shows whether the relationship held over a longer period.	0.82
Correlation (10Y) Provides a long-term view across more market conditions.	0.85
Correlation (All Time) Calculated using the full available price history since Aug 30, 1996	0.85

Over the past year, the correlation between ANEFX and FATIX has dropped to 0.38 - well below their long-term average of 0.85, suggesting their price drivers have been diverging.

Return for Risk

ANEFX vs. FATIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

ANEFX

ANEFX Risk / Return Rank: 69
ANEFX Sharpe Ratio Rank: 70
ANEFX Sortino Ratio Rank: 61
ANEFX Omega Ratio Rank: 62
ANEFX Calmar Ratio Rank: 77
ANEFX Martin Ratio Rank: 75

FATIX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

ANEFX vs. FATIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Funds The New Economy Fund Class A (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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	ANEFX	FATIX	Difference
Sharpe ratio: Return per unit of total volatility	1.71	—	—
Sortino ratio: Return per unit of downside risk	2.27	—	—
Omega ratio: Gain probability vs. loss probability	1.29	—	—
Calmar ratio: Return relative to maximum drawdown	2.62	—	—
Martin ratio: Return relative to average drawdown	9.66	—	—

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 (3Y) Largest decline over 3 years	-20.82%	—	—
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	-6.90%	—	—
Average Drawdown Average peak-to-trough decline	-11.41%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	3.61%	—	—

Volatility

Volatility by Period

	ANEFX	FATIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.67%	—	—
Volatility (6M) Calculated over the trailing 6-month period	17.20%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	20.45%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.01%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.33%	—	—

ANEFX vs. FATIX - Expense Ratio Comparison

ANEFX has a 0.72% expense ratio, which is higher than FATIX's 0.71% expense ratio.

Dividends

ANEFX vs. FATIX - Dividend Comparison

ANEFX's dividend yield for the trailing twelve months is around 8.60%, while FATIX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ANEFX American Funds The New Economy Fund Class A	8.60%	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%

Frequently Asked Questions

Can I hold both ANEFX and FATIX in my portfolio?

ANEFX and FATIX have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.