ANOIX vs. SPY
Compare and contrast key facts about American Century Small Cap Growth Fund (ANOIX) and State Street SPDR S&P 500 ETF (SPY).
ANOIX is managed by American Century. It was launched on Jun 1, 2001. 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.
Performance
ANOIX vs. SPY - Performance Comparison
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ANOIX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ANOIX American Century Small Cap Growth Fund | -3.22% | 9.00% | 14.90% | 17.13% | -26.41% | 7.80% | 51.07% | 36.75% | -4.84% | 25.83% |
SPY State Street SPDR S&P 500 ETF | -3.65% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, ANOIX achieves a -3.22% return, which is significantly higher than SPY's -3.65% return. Over the past 10 years, ANOIX has underperformed SPY with an annualized return of 12.69%, while SPY has yielded a comparatively higher 14.06% annualized return.
ANOIX
- 1D
- 4.53%
- 1M
- -6.78%
- YTD
- -3.22%
- 6M
- -0.55%
- 1Y
- 15.10%
- 3Y*
- 9.55%
- 5Y*
- 1.68%
- 10Y*
- 12.69%
SPY
- 1D
- 0.75%
- 1M
- -4.28%
- YTD
- -3.65%
- 6M
- -1.42%
- 1Y
- 18.14%
- 3Y*
- 18.48%
- 5Y*
- 11.86%
- 10Y*
- 14.06%
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ANOIX vs. SPY - Expense Ratio Comparison
ANOIX has a 1.17% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
ANOIX vs. SPY — Risk / Return Rank
ANOIX
SPY
ANOIX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Century Small Cap Growth Fund (ANOIX) and State Street 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.
| ANOIX | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.63 | 0.96 | -0.32 |
Sortino ratioReturn per unit of downside risk | 1.06 | 1.49 | -0.43 |
Omega ratioGain probability vs. loss probability | 1.13 | 1.23 | -0.10 |
Calmar ratioReturn relative to maximum drawdown | 1.03 | 1.53 | -0.50 |
Martin ratioReturn relative to average drawdown | 3.84 | 7.27 | -3.43 |
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
| ANOIX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.63 | 0.96 | -0.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.07 | 0.70 | -0.62 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | 0.79 | -0.24 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.56 | -0.16 |
Correlation
The correlation between ANOIX and SPY is 0.83, 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
ANOIX vs. SPY - Dividend Comparison
ANOIX's dividend yield for the trailing twelve months is around 7.85%, more than SPY's 1.13% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ANOIX American Century Small Cap Growth Fund | 7.85% | 7.60% | 0.11% | 0.00% | 0.00% | 21.29% | 11.07% | 5.50% | 16.59% | 3.93% | 0.00% | 0.00% |
SPY State Street SPDR S&P 500 ETF | 1.13% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
ANOIX vs. SPY - Drawdown Comparison
The maximum ANOIX drawdown since its inception was -59.47%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for ANOIX and SPY.
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Drawdown Indicators
| ANOIX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.47% | -55.19% | -4.28% |
Max Drawdown (1Y)Largest decline over 1 year | -13.86% | -12.05% | -1.81% |
Max Drawdown (5Y)Largest decline over 5 years | -37.15% | -24.50% | -12.65% |
Max Drawdown (10Y)Largest decline over 10 years | -39.07% | -33.72% | -5.35% |
Current DrawdownCurrent decline from peak | -8.53% | -5.53% | -3.00% |
Average DrawdownAverage peak-to-trough decline | -12.06% | -9.09% | -2.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.72% | 2.54% | +1.18% |
Volatility
ANOIX vs. SPY - Volatility Comparison
American Century Small Cap Growth Fund (ANOIX) has a higher volatility of 9.03% compared to State Street SPDR S&P 500 ETF (SPY) at 5.35%. This indicates that ANOIX'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.
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Volatility by Period
| ANOIX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.03% | 5.35% | +3.68% |
Volatility (6M)Calculated over the trailing 6-month period | 15.13% | 9.50% | +5.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.93% | 19.06% | +4.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.87% | 17.06% | +5.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.24% | 17.92% | +5.32% |