GFFFX vs. SPGP
Compare and contrast key facts about American Funds The Growth Fund of America (GFFFX) and Invesco S&P 500 GARP ETF (SPGP).
GFFFX is managed by American Funds. It was launched on Dec 1, 1973. SPGP is a passively managed fund by Invesco that tracks the performance of the S&P 500 GARP Index. It was launched on Jun 16, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GFFFX or SPGP.
Correlation
The correlation between GFFFX and SPGP is 0.81, 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
GFFFX vs. SPGP - Performance Comparison
Key characteristics
GFFFX:
1.23
SPGP:
1.12
GFFFX:
1.51
SPGP:
1.59
GFFFX:
1.26
SPGP:
1.20
GFFFX:
1.04
SPGP:
1.73
GFFFX:
5.92
SPGP:
4.79
GFFFX:
3.94%
SPGP:
3.44%
GFFFX:
19.05%
SPGP:
14.79%
GFFFX:
-43.74%
SPGP:
-42.08%
GFFFX:
-6.97%
SPGP:
-1.33%
Returns By Period
In the year-to-date period, GFFFX achieves a 5.85% return, which is significantly higher than SPGP's 5.45% return. Over the past 10 years, GFFFX has underperformed SPGP with an annualized return of 7.20%, while SPGP has yielded a comparatively higher 14.56% annualized return.
GFFFX
5.85%
2.75%
8.98%
22.29%
9.37%
7.20%
SPGP
5.45%
4.34%
7.74%
16.15%
13.62%
14.56%
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GFFFX vs. SPGP - Expense Ratio Comparison
GFFFX has a 0.40% expense ratio, which is higher than SPGP's 0.36% expense ratio.
Risk-Adjusted Performance
GFFFX vs. SPGP — Risk-Adjusted Performance Rank
GFFFX
SPGP
GFFFX vs. SPGP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds The Growth Fund of America (GFFFX) and Invesco S&P 500 GARP ETF (SPGP). 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
GFFFX vs. SPGP - Dividend Comparison
GFFFX's dividend yield for the trailing twelve months is around 0.60%, less than SPGP's 1.31% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GFFFX American Funds The Growth Fund of America | 0.60% | 0.63% | 0.80% | 0.59% | 0.30% | 0.44% | 0.96% | 0.99% | 0.72% | 0.84% | 0.90% | 10.90% |
SPGP Invesco S&P 500 GARP ETF | 1.31% | 1.38% | 1.24% | 1.22% | 0.69% | 1.10% | 0.86% | 0.95% | 0.68% | 0.89% | 1.12% | 1.52% |
Drawdowns
GFFFX vs. SPGP - Drawdown Comparison
The maximum GFFFX drawdown since its inception was -43.74%, roughly equal to the maximum SPGP drawdown of -42.08%. Use the drawdown chart below to compare losses from any high point for GFFFX and SPGP. For additional features, visit the drawdowns tool.
Volatility
GFFFX vs. SPGP - Volatility Comparison
American Funds The Growth Fund of America (GFFFX) has a higher volatility of 4.41% compared to Invesco S&P 500 GARP ETF (SPGP) at 2.88%. This indicates that GFFFX's price experiences larger fluctuations and is considered to be riskier than SPGP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.