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.
Key characteristics
| ANEFX | SPY | |
|---|---|---|
| YTD Return | 5.19% | 5.94% |
| 1Y Return | 24.48% | 22.56% |
| 3Y Return (Ann) | 0.50% | 7.95% |
| 5Y Return (Ann) | 8.71% | 13.35% |
| 10Y Return (Ann) | 10.34% | 12.34% |
| Sharpe Ratio | 1.59 | 1.93 |
| Daily Std Dev | 14.48% | 11.63% |
| Max Drawdown | -64.86% | -55.19% |
| Current Drawdown | -8.92% | -4.05% |
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
In the year-to-date period, ANEFX achieves a 5.19% return, which is significantly lower than SPY's 5.94% return. Over the past 10 years, ANEFX has underperformed SPY with an annualized return of 10.34%, while SPY has yielded a comparatively higher 12.34% annualized return. 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. 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 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's dividend yield for the trailing twelve months is around 3.76%, more than SPY's 1.34% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ANEFX American Funds The New Economy Fund | 3.76% | 3.96% | 0.00% | 7.55% | 2.47% | 7.34% | 10.00% | 8.28% | 4.61% | 6.16% | 9.31% | 6.96% |
SPY SPDR S&P 500 ETF | 1.34% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
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
American Funds The New Economy Fund (ANEFX) has a higher volatility of 5.02% compared to SPDR S&P 500 ETF (SPY) at 3.88%. 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.