ANEFX vs. LVAFX

Last updated Jun 4, 2026

ANEFX (American Funds The New Economy Fund) and LVAFX (LSV Global Managed Volatility Fund) are both Global Equities funds. Over the past 10 years, ANEFX returned 16.74%/yr vs 8.16%/yr for LVAFX. A 0.67 correlation means they provide meaningful diversification when combined. ANEFX charges 0.75%/yr vs 1.00%/yr for LVAFX.

Performance

ANEFX vs. LVAFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Funds The New Economy Fund (ANEFX) and LSV Global Managed Volatility Fund (LVAFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ANEFX achieves a 22.90% return, which is significantly higher than LVAFX's 13.49% return. Over the past 10 years, ANEFX has outperformed LVAFX with an annualized return of 16.74%, while LVAFX has yielded a comparatively lower 8.16% annualized return.

ANEFX

• 1D: 0.02%
• 1M: 10.69%
• YTD: 22.90%
• 6M: 25.37%
• 1Y: 54.74%
• 3Y*: 30.70%
• 5Y*: 14.49%
• 10Y*: 16.74%

LVAFX

• 1D: 0.47%
• 1M: 4.53%
• YTD: 13.49%
• 6M: 14.99%
• 1Y: 26.19%
• 3Y*: 14.68%
• 5Y*: 8.40%
• 10Y*: 8.16%

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

ANEFX vs. LVAFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ANEFX American Funds The New Economy Fund	22.90%	31.01%	23.58%	29.14%	-29.67%	12.85%	33.47%	26.46%	-4.36%	34.37%
LVAFX LSV Global Managed Volatility Fund	13.49%	22.33%	0.10%	9.81%	-4.04%	17.36%	-5.16%	17.54%	-6.47%	18.68%

Correlation

The correlation between ANEFX and LVAFX is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.45
Correlation (3Y) Calculated over the trailing 3-year period	0.51
Correlation (5Y) Calculated over the trailing 5-year period	0.61
Correlation (10Y) Calculated over the trailing 10-year period	0.65
Correlation (All Time) Calculated using the full available price history since Jan 5, 2015	0.67

Over the past year, the correlation between ANEFX and LVAFX has dropped to 0.45 - well below their long-term average of 0.67, suggesting their price drivers have been diverging.

Return for Risk

ANEFX vs. LVAFX — Risk / Return Rank

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

ANEFX

ANEFX Risk / Return Rank: 88
ANEFX Sharpe Ratio Rank: 94
ANEFX Sortino Ratio Rank: 86
ANEFX Omega Ratio Rank: 83
ANEFX Calmar Ratio Rank: 87
ANEFX Martin Ratio Rank: 91

LVAFX

LVAFX Risk / Return Rank: 89
LVAFX Sharpe Ratio Rank: 92
LVAFX Sortino Ratio Rank: 91
LVAFX Omega Ratio Rank: 84
LVAFX Calmar Ratio Rank: 90
LVAFX Martin Ratio Rank: 89

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. LVAFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Funds The New Economy Fund (ANEFX) and LSV Global Managed Volatility Fund (LVAFX). 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	LVAFX	Difference
Sharpe ratio: Return per unit of total volatility	3.26	3.11	+0.15
Sortino ratio: Return per unit of downside risk	4.08	4.55	-0.48
Omega ratio: Gain probability vs. loss probability	1.56	1.58	-0.02
Calmar ratio: Return relative to maximum drawdown	4.20	4.59	-0.39
Martin ratio: Return relative to average drawdown	18.80	17.62	+1.18
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ANEFX vs. LVAFX - Sharpe Ratio Comparison

The current ANEFX Sharpe Ratio is 3.26, which is comparable to the LVAFX Sharpe Ratio of 3.11. The chart below compares the historical Sharpe Ratios of ANEFX and LVAFX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ANEFX	LVAFX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.26	3.11	+0.15
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.75	0.64	+0.11
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.88	0.60	+0.28
Sharpe Ratio (All Time) Calculated using the full available price history	0.74	0.55	+0.19

Drawdowns

ANEFX vs. LVAFX - Drawdown Comparison

The maximum ANEFX drawdown since its inception was -61.28%, which is greater than LVAFX's maximum drawdown of -33.69%. Use the drawdown chart below to compare losses from any high point for ANEFX and LVAFX.

Drawdown Indicators

	ANEFX	LVAFX	Difference
Max Drawdown Largest peak-to-trough decline	-61.28%	-33.69%	-27.59%
Max Drawdown (1Y) Largest decline over 1 year	-13.35%	-5.76%	-7.59%
Max Drawdown (3Y) Largest decline over 3 years	-20.82%	-17.52%	-3.30%
Max Drawdown (5Y) Largest decline over 5 years	-36.63%	-18.34%	-18.29%
Max Drawdown (10Y) Largest decline over 10 years	-36.63%	-33.69%	-2.94%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-11.44%	-4.75%	-6.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.97%	1.50%	+1.47%

Volatility

ANEFX vs. LVAFX - Volatility Comparison

American Funds The New Economy Fund (ANEFX) has a higher volatility of 5.29% compared to LSV Global Managed Volatility Fund (LVAFX) at 2.03%. This indicates that ANEFX's price experiences larger fluctuations and is considered to be riskier than LVAFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ANEFX	LVAFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.29%	2.03%	+3.26%
Volatility (6M) Calculated over the trailing 6-month period	13.71%	6.12%	+7.59%
Volatility (1Y) Calculated over the trailing 1-year period	17.19%	8.49%	+8.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.41%	13.23%	+6.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.13%	13.59%	+5.54%

ANEFX vs. LVAFX - Expense Ratio Comparison

ANEFX has a 0.75% expense ratio, which is lower than LVAFX's 1.00% expense ratio.

Dividends

ANEFX vs. LVAFX - Dividend Comparison

ANEFX's dividend yield for the trailing twelve months is around 8.08%, less than LVAFX's 8.96% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ANEFX American Funds The New Economy Fund	8.08%	9.93%	9.59%	3.96%	0.00%	8.24%	2.47%	7.34%	10.00%	8.28%	4.61%	6.16%
LVAFX LSV Global Managed Volatility Fund	8.96%	10.17%	2.71%	15.64%	2.90%	2.90%	2.14%	7.62%	3.59%	7.10%	1.66%	1.74%

Frequently Asked Questions

Can I hold both ANEFX and LVAFX in my portfolio?

ANEFX and LVAFX have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ANEFX or LVAFX?

ANEFX has higher volatility (5.29%) compared to LVAFX (2.03%). In terms of maximum drawdown, ANEFX dropped -61.28% vs LVAFX's -33.69%.

Which has better risk-adjusted returns?

ANEFX currently has the higher Sharpe Ratio (3.26 vs 3.11), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.