ANEFX vs. SCHD
Compare and contrast key facts about American Funds The New Economy Fund (ANEFX) and Schwab US Dividend Equity ETF (SCHD).
ANEFX is managed by American Funds. It was launched on Nov 30, 1983. SCHD is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones U.S. Dividend 100 Index. It was launched on Oct 20, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ANEFX or SCHD.
Key characteristics
| ANEFX | SCHD | |
|---|---|---|
| YTD Return | 12.58% | 5.48% |
| 1Y Return | 29.33% | 17.03% |
| 3Y Return (Ann) | 3.74% | 4.75% |
| 5Y Return (Ann) | 11.38% | 12.79% |
| 10Y Return (Ann) | 10.95% | 11.28% |
| Sharpe Ratio | 2.27 | 1.55 |
| Daily Std Dev | 13.56% | 11.07% |
| Max Drawdown | -60.55% | -33.37% |
| Current Drawdown | -2.51% | -1.18% |
Correlation
The correlation between ANEFX and SCHD is 0.72, 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. SCHD - Performance Comparison
In the year-to-date period, ANEFX achieves a 12.58% return, which is significantly higher than SCHD's 5.48% return. Both investments have delivered pretty close results over the past 10 years, with ANEFX having a 10.95% annualized return and SCHD not far ahead at 11.28%. 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. SCHD - Expense Ratio Comparison
ANEFX has a 0.75% expense ratio, which is higher than SCHD's 0.06% expense ratio.
Risk-Adjusted Performance
ANEFX vs. SCHD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds The New Economy Fund (ANEFX) and Schwab US Dividend Equity ETF (SCHD). 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. SCHD - Dividend Comparison
ANEFX's dividend yield for the trailing twelve months is around 3.52%, more than SCHD's 3.35% 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% |
SCHD Schwab US Dividend Equity ETF | 3.35% | 3.49% | 3.39% | 2.78% | 3.16% | 2.98% | 3.06% | 2.63% | 2.89% | 2.97% | 2.63% | 2.47% |
Drawdowns
ANEFX vs. SCHD - Drawdown Comparison
The maximum ANEFX drawdown since its inception was -60.55%, which is greater than SCHD's maximum drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for ANEFX and SCHD. For additional features, visit the drawdowns tool.
Volatility
ANEFX vs. SCHD - Volatility Comparison
American Funds The New Economy Fund (ANEFX) has a higher volatility of 4.16% compared to Schwab US Dividend Equity ETF (SCHD) at 2.42%. This indicates that ANEFX's price experiences larger fluctuations and is considered to be riskier than SCHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.