ANEFX vs. FOCPX
Compare and contrast key facts about American Funds The New Economy Fund (ANEFX) and Fidelity OTC Portfolio (FOCPX).
ANEFX is managed by American Funds. It was launched on Nov 30, 1983. FOCPX is managed by Fidelity. It was launched on Dec 31, 1984.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ANEFX or FOCPX.
Key characteristics
| ANEFX | FOCPX | |
|---|---|---|
| YTD Return | 12.58% | 17.44% |
| 1Y Return | 29.33% | 37.86% |
| 3Y Return (Ann) | 3.74% | 10.44% |
| 5Y Return (Ann) | 11.38% | 19.71% |
| 10Y Return (Ann) | 10.95% | 17.86% |
| Sharpe Ratio | 2.27 | 2.31 |
| Daily Std Dev | 13.56% | 16.19% |
| Max Drawdown | -60.55% | -69.01% |
| Current Drawdown | -2.51% | 0.00% |
Correlation
The correlation between ANEFX and FOCPX 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.
Performance
ANEFX vs. FOCPX - Performance Comparison
In the year-to-date period, ANEFX achieves a 12.58% return, which is significantly lower than FOCPX's 17.44% return. Over the past 10 years, ANEFX has underperformed FOCPX with an annualized return of 10.95%, while FOCPX has yielded a comparatively higher 17.86% 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. FOCPX - Expense Ratio Comparison
ANEFX has a 0.75% expense ratio, which is lower than FOCPX's 0.80% expense ratio.
Risk-Adjusted Performance
ANEFX vs. FOCPX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds The New Economy Fund (ANEFX) and Fidelity OTC Portfolio (FOCPX). 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. FOCPX - Dividend Comparison
ANEFX's dividend yield for the trailing twelve months is around 3.52%, more than FOCPX's 0.05% 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% |
FOCPX Fidelity OTC Portfolio | 0.05% | 0.05% | 4.06% | 11.53% | 6.23% | 7.58% | 7.93% | 4.86% | 3.24% | 4.64% | 12.91% | 13.60% |
Drawdowns
ANEFX vs. FOCPX - Drawdown Comparison
The maximum ANEFX drawdown since its inception was -60.55%, smaller than the maximum FOCPX drawdown of -69.01%. Use the drawdown chart below to compare losses from any high point for ANEFX and FOCPX. For additional features, visit the drawdowns tool.
Volatility
ANEFX vs. FOCPX - Volatility Comparison
The current volatility for American Funds The New Economy Fund (ANEFX) is 4.16%, while Fidelity OTC Portfolio (FOCPX) has a volatility of 5.02%. This indicates that ANEFX experiences smaller price fluctuations and is considered to be less risky than FOCPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.