ANEFX vs. RGAGX
Compare and contrast key facts about American Funds The New Economy Fund (ANEFX) and American Funds The Growth Fund of America Class R-6 (RGAGX).
ANEFX is managed by American Funds. It was launched on Nov 30, 1983. RGAGX is managed by American Funds. It was launched on Dec 1, 1973.
Performance
ANEFX vs. RGAGX - Performance Comparison
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ANEFX vs. RGAGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ANEFX American Funds The New Economy Fund | -5.53% | 31.01% | 23.58% | 29.14% | -29.67% | 12.85% | 33.47% | 26.46% | -4.36% | 34.37% |
RGAGX American Funds The Growth Fund of America Class R-6 | -7.99% | 20.08% | 28.41% | 37.66% | -30.53% | 19.67% | 38.30% | 29.22% | -2.88% | 26.53% |
Returns By Period
In the year-to-date period, ANEFX achieves a -5.53% return, which is significantly higher than RGAGX's -7.99% return. Over the past 10 years, ANEFX has underperformed RGAGX with an annualized return of 13.86%, while RGAGX has yielded a comparatively higher 14.74% annualized return.
ANEFX
- 1D
- 3.23%
- 1M
- -8.16%
- YTD
- -5.53%
- 6M
- 1.14%
- 1Y
- 30.69%
- 3Y*
- 21.55%
- 5Y*
- 8.86%
- 10Y*
- 13.86%
RGAGX
- 1D
- 3.55%
- 1M
- -6.32%
- YTD
- -7.99%
- 6M
- -7.03%
- 1Y
- 17.19%
- 3Y*
- 20.63%
- 5Y*
- 9.29%
- 10Y*
- 14.74%
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ANEFX vs. RGAGX - Expense Ratio Comparison
ANEFX has a 0.75% expense ratio, which is higher than RGAGX's 0.30% expense ratio.
Return for Risk
ANEFX vs. RGAGX — Risk / Return Rank
ANEFX
RGAGX
ANEFX vs. RGAGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds The New Economy Fund (ANEFX) and American Funds The Growth Fund of America Class R-6 (RGAGX). 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 | RGAGX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.52 | 0.86 | +0.66 |
Sortino ratioReturn per unit of downside risk | 2.16 | 1.37 | +0.79 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.20 | +0.11 |
Calmar ratioReturn relative to maximum drawdown | 2.31 | 1.29 | +1.02 |
Martin ratioReturn relative to average drawdown | 9.75 | 4.90 | +4.85 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ANEFX | RGAGX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.52 | 0.86 | +0.66 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.46 | 0.46 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.73 | 0.75 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.70 | 0.80 | -0.10 |
Correlation
The correlation between ANEFX and RGAGX is 0.96, 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. RGAGX - Dividend Comparison
ANEFX's dividend yield for the trailing twelve months is around 10.51%, less than RGAGX's 11.95% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ANEFX American Funds The New Economy Fund | 10.51% | 9.93% | 9.59% | 3.96% | 0.00% | 8.24% | 2.47% | 7.34% | 10.00% | 8.28% | 4.61% | 6.16% |
RGAGX American Funds The Growth Fund of America Class R-6 | 11.95% | 10.99% | 9.29% | 7.70% | 4.44% | 8.49% | 4.57% | 7.93% | 12.36% | 7.34% | 6.95% | 9.22% |
Drawdowns
ANEFX vs. RGAGX - Drawdown Comparison
The maximum ANEFX drawdown since its inception was -61.28%, which is greater than RGAGX's maximum drawdown of -36.19%. Use the drawdown chart below to compare losses from any high point for ANEFX and RGAGX.
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Drawdown Indicators
| ANEFX | RGAGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.28% | -36.19% | -25.09% |
Max Drawdown (1Y)Largest decline over 1 year | -13.35% | -13.71% | +0.36% |
Max Drawdown (5Y)Largest decline over 5 years | -36.63% | -36.19% | -0.44% |
Max Drawdown (10Y)Largest decline over 10 years | -36.63% | -36.19% | -0.44% |
Current DrawdownCurrent decline from peak | -10.54% | -10.64% | +0.10% |
Average DrawdownAverage peak-to-trough decline | -11.48% | -5.53% | -5.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.16% | 3.62% | -0.46% |
Volatility
ANEFX vs. RGAGX - Volatility Comparison
American Funds The New Economy Fund (ANEFX) has a higher volatility of 7.52% compared to American Funds The Growth Fund of America Class R-6 (RGAGX) at 6.74%. This indicates that ANEFX's price experiences larger fluctuations and is considered to be riskier than RGAGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ANEFX | RGAGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.52% | 6.74% | +0.78% |
Volatility (6M)Calculated over the trailing 6-month period | 13.55% | 12.12% | +1.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.87% | 21.00% | -0.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.22% | 20.23% | -1.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.02% | 19.64% | -0.62% |