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
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Key characteristics
GAFFX:
0.23
SPY:
0.55
GAFFX:
0.50
SPY:
0.94
GAFFX:
1.08
SPY:
1.14
GAFFX:
0.24
SPY:
0.61
GAFFX:
0.70
SPY:
2.35
GAFFX:
9.20%
SPY:
4.89%
GAFFX:
25.24%
SPY:
20.34%
GAFFX:
-41.75%
SPY:
-55.19%
GAFFX:
-10.59%
SPY:
-4.62%
Returns By Period
In the year-to-date period, GAFFX achieves a 1.69% return, which is significantly higher than SPY's -0.25% return.
GAFFX
1.69%
17.10%
-6.25%
5.85%
12.65%
8.54%
N/A
SPY
-0.25%
13.42%
-0.66%
11.09%
16.05%
16.24%
12.52%
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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.
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Dividends
GAFFX vs. SPY - Dividend Comparison
GAFFX's dividend yield for the trailing twelve months is around 9.15%, more than SPY's 1.23% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GAFFX American Funds Growth Fund of Amer F3 | 9.15% | 9.30% | 7.71% | 4.45% | 8.50% | 4.58% | 7.58% | 12.37% | 7.36% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.23% | 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.
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Volatility
GAFFX vs. SPY - Volatility Comparison
American Funds Growth Fund of Amer F3 (GAFFX) has a higher volatility of 5.70% compared to SPDR S&P 500 ETF (SPY) at 4.79%. This indicates that GAFFX'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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