GAFFX vs. SPY
Compare and contrast key facts about American Funds Growth Fund of Amer F3 (GAFFX) and SPDR S&P 500 ETF (SPY).
GAFFX is managed by American Funds. It was launched on Aug 1, 2008. 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: GAFFX or SPY.
Correlation
The correlation between GAFFX and SPY is 0.94, 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
GAFFX vs. SPY - Performance Comparison
Key characteristics
GAFFX:
0.19
SPY:
0.57
GAFFX:
0.40
SPY:
0.94
GAFFX:
1.07
SPY:
1.14
GAFFX:
0.18
SPY:
0.61
GAFFX:
0.53
SPY:
2.48
GAFFX:
8.65%
SPY:
4.63%
GAFFX:
24.93%
SPY:
20.07%
GAFFX:
-41.75%
SPY:
-55.19%
GAFFX:
-16.18%
SPY:
-9.29%
Returns By Period
In the year-to-date period, GAFFX achieves a -4.66% return, which is significantly higher than SPY's -5.13% return.
GAFFX
-4.66%
1.60%
-10.00%
3.06%
8.12%
N/A
SPY
-5.13%
-0.24%
-4.11%
10.06%
15.53%
12.11%
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GAFFX vs. SPY - Expense Ratio Comparison
GAFFX has a 0.30% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
GAFFX vs. SPY — Risk-Adjusted Performance Rank
GAFFX
SPY
GAFFX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds Growth Fund of Amer F3 (GAFFX) 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
GAFFX vs. SPY - Dividend Comparison
GAFFX's dividend yield for the trailing twelve months is around 0.77%, less than SPY's 1.29% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GAFFX American Funds Growth Fund of Amer F3 | 0.77% | 0.73% | 0.89% | 0.72% | 0.40% | 0.53% | 1.17% | 1.09% | 0.83% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.29% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
GAFFX vs. SPY - Drawdown Comparison
The maximum GAFFX drawdown since its inception was -41.75%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for GAFFX and SPY. For additional features, visit the drawdowns tool.
Volatility
GAFFX vs. SPY - Volatility Comparison
American Funds Growth Fund of Amer F3 (GAFFX) and SPDR S&P 500 ETF (SPY) have volatilities of 15.26% and 15.00%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.