GFACX vs. MEIFX
Compare and contrast key facts about American Funds The Growth Fund of America Fund Class C (GFACX) and Meridian Enhanced Equity Fund (MEIFX).
GFACX is a passively managed fund by American Funds that tracks the performance of the S&P 500. It was launched on Mar 15, 2001. MEIFX is managed by Meridian. It was launched on Jan 31, 2005.
Performance
GFACX vs. MEIFX - Performance Comparison
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GFACX vs. MEIFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GFACX American Funds The Growth Fund of America Fund Class C | -11.38% | 18.80% | 27.01% | 36.20% | -31.28% | 18.41% | 36.84% | 27.20% | -3.93% | 25.13% |
MEIFX Meridian Enhanced Equity Fund | -1.60% | 6.51% | 13.19% | 18.96% | -16.43% | 15.15% | 26.18% | 44.95% | -0.51% | 27.94% |
Returns By Period
In the year-to-date period, GFACX achieves a -11.38% return, which is significantly lower than MEIFX's -1.60% return. Over the past 10 years, GFACX has underperformed MEIFX with an annualized return of 13.05%, while MEIFX has yielded a comparatively higher 13.78% annualized return.
GFACX
- 1D
- -0.48%
- 1M
- -9.70%
- YTD
- -11.38%
- 6M
- -10.24%
- 1Y
- 12.70%
- 3Y*
- 17.95%
- 5Y*
- 7.70%
- 10Y*
- 13.05%
MEIFX
- 1D
- 0.08%
- 1M
- -3.16%
- YTD
- -1.60%
- 6M
- -1.55%
- 1Y
- 4.96%
- 3Y*
- 9.70%
- 5Y*
- 5.75%
- 10Y*
- 13.78%
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GFACX vs. MEIFX - Expense Ratio Comparison
GFACX has a 1.35% expense ratio, which is higher than MEIFX's 1.20% expense ratio.
Return for Risk
GFACX vs. MEIFX — Risk / Return Rank
GFACX
MEIFX
GFACX vs. MEIFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds The Growth Fund of America Fund Class C (GFACX) and Meridian Enhanced Equity Fund (MEIFX). 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.
| GFACX | MEIFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.60 | 0.30 | +0.31 |
Sortino ratioReturn per unit of downside risk | 1.01 | 0.55 | +0.46 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.07 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 0.69 | 0.49 | +0.20 |
Martin ratioReturn relative to average drawdown | 2.66 | 2.30 | +0.36 |
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
| GFACX | MEIFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.60 | 0.30 | +0.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.38 | 0.37 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.67 | 0.77 | -0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.51 | -0.05 |
Correlation
The correlation between GFACX and MEIFX is 0.82, 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
GFACX vs. MEIFX - Dividend Comparison
GFACX's dividend yield for the trailing twelve months is around 14.02%, more than MEIFX's 7.36% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GFACX American Funds The Growth Fund of America Fund Class C | 14.02% | 12.43% | 10.01% | 7.82% | 4.22% | 9.11% | 4.48% | 7.03% | 12.28% | 7.04% | 6.43% | 8.73% |
MEIFX Meridian Enhanced Equity Fund | 7.36% | 7.25% | 14.61% | 0.61% | 9.28% | 25.44% | 13.26% | 40.49% | 11.67% | 1.18% | 0.78% | 4.24% |
Drawdowns
GFACX vs. MEIFX - Drawdown Comparison
The maximum GFACX drawdown since its inception was -52.39%, roughly equal to the maximum MEIFX drawdown of -54.37%. Use the drawdown chart below to compare losses from any high point for GFACX and MEIFX.
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Drawdown Indicators
| GFACX | MEIFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.39% | -54.37% | +1.98% |
Max Drawdown (1Y)Largest decline over 1 year | -13.90% | -8.99% | -4.91% |
Max Drawdown (5Y)Largest decline over 5 years | -36.81% | -23.54% | -13.27% |
Max Drawdown (10Y)Largest decline over 10 years | -36.81% | -28.67% | -8.14% |
Current DrawdownCurrent decline from peak | -13.90% | -7.42% | -6.48% |
Average DrawdownAverage peak-to-trough decline | -9.20% | -7.76% | -1.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.61% | 2.05% | +1.56% |
Volatility
GFACX vs. MEIFX - Volatility Comparison
American Funds The Growth Fund of America Fund Class C (GFACX) has a higher volatility of 5.47% compared to Meridian Enhanced Equity Fund (MEIFX) at 3.54%. This indicates that GFACX's price experiences larger fluctuations and is considered to be riskier than MEIFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GFACX | MEIFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.47% | 3.54% | +1.93% |
Volatility (6M)Calculated over the trailing 6-month period | 11.61% | 7.12% | +4.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.77% | 14.91% | +5.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.17% | 15.93% | +4.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.61% | 17.95% | +1.66% |