ANOIX vs. ^GSPC
Compare and contrast key facts about American Century Small Cap Growth Fund (ANOIX) and S&P 500 (^GSPC).
ANOIX is managed by American Century Investments. It was launched on Jun 1, 2001.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ANOIX or ^GSPC.
Key characteristics
| ANOIX | ^GSPC | |
|---|---|---|
| YTD Return | 0.64% | 6.92% |
| 1Y Return | 10.08% | 23.33% |
| 3Y Return (Ann) | -4.77% | 6.81% |
| 5Y Return (Ann) | 9.35% | 11.66% |
| 10Y Return (Ann) | 10.73% | 10.52% |
| Sharpe Ratio | 0.62 | 2.19 |
| Daily Std Dev | 17.12% | 11.75% |
| Max Drawdown | -59.46% | -56.78% |
| Current Drawdown | -24.57% | -2.94% |
Correlation
The correlation between ANOIX and ^GSPC is 0.84, 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
ANOIX vs. ^GSPC - Performance Comparison
In the year-to-date period, ANOIX achieves a 0.64% return, which is significantly lower than ^GSPC's 6.92% return. Both investments have delivered pretty close results over the past 10 years, with ANOIX having a 10.73% annualized return and ^GSPC not far behind at 10.52%. 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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Risk-Adjusted Performance
ANOIX vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Century Small Cap Growth Fund (ANOIX) and S&P 500 (^GSPC). 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.
Drawdowns
ANOIX vs. ^GSPC - Drawdown Comparison
The maximum ANOIX drawdown since its inception was -59.46%, roughly equal to the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for ANOIX and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
ANOIX vs. ^GSPC - Volatility Comparison
American Century Small Cap Growth Fund (ANOIX) has a higher volatility of 5.14% compared to S&P 500 (^GSPC) at 3.65%. This indicates that ANOIX's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.