ANEFX vs. SPY
Compare and contrast key facts about American Funds The New Economy Fund (ANEFX) and SPDR S&P 500 ETF (SPY).
ANEFX is managed by American Funds. It was launched on Nov 30, 1983. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ANEFX or SPY.
Correlation
The correlation between ANEFX and SPY 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. SPY - Performance Comparison
Key characteristics
ANEFX:
0.81
SPY:
1.97
ANEFX:
1.09
SPY:
2.64
ANEFX:
1.17
SPY:
1.36
ANEFX:
0.77
SPY:
2.97
ANEFX:
3.17
SPY:
12.34
ANEFX:
4.71%
SPY:
2.03%
ANEFX:
18.41%
SPY:
12.68%
ANEFX:
-60.55%
SPY:
-55.19%
ANEFX:
-7.43%
SPY:
-0.01%
Returns By Period
In the year-to-date period, ANEFX achieves a 6.33% return, which is significantly higher than SPY's 4.03% return. Over the past 10 years, ANEFX has underperformed SPY with an annualized return of 5.65%, while SPY has yielded a comparatively higher 13.18% annualized return.
ANEFX
6.33%
2.98%
1.15%
13.82%
5.97%
5.65%
SPY
4.03%
2.03%
9.65%
23.63%
14.28%
13.18%
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ANEFX vs. SPY - Expense Ratio Comparison
ANEFX has a 0.75% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
ANEFX vs. SPY — Risk-Adjusted Performance Rank
ANEFX
SPY
ANEFX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds The New Economy Fund (ANEFX) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
ANEFX has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.16%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ANEFX American Funds The New Economy Fund | 0.00% | 0.00% | 0.24% | 0.00% | 0.00% | 0.02% | 0.33% | 0.61% | 0.18% | 0.26% | 0.43% | 9.31% |
SPY SPDR S&P 500 ETF | 1.16% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
ANEFX vs. SPY - Drawdown Comparison
The maximum ANEFX drawdown since its inception was -60.55%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for ANEFX and SPY. For additional features, visit the drawdowns tool.
Volatility
ANEFX vs. SPY - Volatility Comparison
American Funds The New Economy Fund (ANEFX) has a higher volatility of 4.56% compared to SPDR S&P 500 ETF (SPY) at 3.15%. This indicates that ANEFX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.