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 0.87, 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:
0.03
SPY:
0.54
ANEFX:
0.20
SPY:
0.89
ANEFX:
1.03
SPY:
1.13
ANEFX:
0.03
SPY:
0.58
ANEFX:
0.09
SPY:
2.39
ANEFX:
8.72%
SPY:
4.51%
ANEFX:
23.59%
SPY:
20.07%
ANEFX:
-64.86%
SPY:
-55.19%
ANEFX:
-18.80%
SPY:
-10.54%
Returns By Period
The year-to-date returns for both investments are quite close, with ANEFX having a -6.72% return and SPY slightly higher at -6.44%. Over the past 10 years, ANEFX has underperformed SPY with an annualized return of 4.03%, while SPY has yielded a comparatively higher 11.95% annualized return.
ANEFX
-6.72%
-6.05%
-14.05%
-0.94%
6.47%
4.03%
SPY
-6.44%
-5.00%
-5.02%
9.54%
15.80%
11.95%
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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 1.31%.
| 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 | 1.31% | 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 -64.86%, 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
The current volatility for American Funds The New Economy Fund (ANEFX) is 14.33%, while SPDR S&P 500 ETF (SPY) has a volatility of 15.13%. This indicates that ANEFX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.