FNPFX vs. SPY
Compare and contrast key facts about American Funds New Perspective Fund Class F-3 (FNPFX) and SPDR S&P 500 ETF (SPY).
FNPFX is managed by American Funds. It was launched on Mar 13, 1973. 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: FNPFX or SPY.
Correlation
The correlation between FNPFX and SPY is 0.92, 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
FNPFX vs. SPY - Performance Comparison
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Key characteristics
FNPFX:
0.47
SPY:
0.70
FNPFX:
0.78
SPY:
1.13
FNPFX:
1.11
SPY:
1.17
FNPFX:
0.40
SPY:
0.76
FNPFX:
1.70
SPY:
2.93
FNPFX:
5.44%
SPY:
4.86%
FNPFX:
19.00%
SPY:
20.29%
FNPFX:
-38.45%
SPY:
-55.19%
FNPFX:
-6.82%
SPY:
-3.97%
Returns By Period
In the year-to-date period, FNPFX achieves a 5.83% return, which is significantly higher than SPY's 0.43% return.
FNPFX
5.83%
12.42%
0.16%
8.80%
9.78%
N/A
SPY
0.43%
9.91%
-1.06%
14.09%
17.31%
12.66%
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FNPFX vs. SPY - Expense Ratio Comparison
FNPFX has a 0.41% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
FNPFX vs. SPY — Risk-Adjusted Performance Rank
FNPFX
SPY
FNPFX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds New Perspective Fund Class F-3 (FNPFX) 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.
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Dividends
FNPFX vs. SPY - Dividend Comparison
FNPFX's dividend yield for the trailing twelve months is around 0.87%, less than SPY's 1.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNPFX American Funds New Perspective Fund Class F-3 | 0.87% | 0.92% | 1.25% | 1.21% | 0.65% | 0.40% | 1.31% | 1.55% | 0.77% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.22% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
FNPFX vs. SPY - Drawdown Comparison
The maximum FNPFX drawdown since its inception was -38.45%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FNPFX and SPY. For additional features, visit the drawdowns tool.
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Volatility
FNPFX vs. SPY - Volatility Comparison
The current volatility for American Funds New Perspective Fund Class F-3 (FNPFX) is 5.08%, while SPDR S&P 500 ETF (SPY) has a volatility of 6.25%. This indicates that FNPFX 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.
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