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.
Key characteristics
GFFFX | SPGP | |
---|---|---|
YTD Return | 8.57% | 2.59% |
1Y Return | 35.12% | 19.45% |
3Y Return (Ann) | 4.81% | 6.55% |
5Y Return (Ann) | 13.23% | 13.94% |
10Y Return (Ann) | 13.13% | 14.27% |
Sharpe Ratio | 2.45 | 1.45 |
Daily Std Dev | 14.20% | 13.57% |
Max Drawdown | -44.33% | -42.08% |
Current Drawdown | -3.95% | -6.10% |
Correlation
The correlation between GFFFX and SPGP 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.
Performance
GFFFX vs. SPGP - Performance Comparison
In the year-to-date period, GFFFX achieves a 8.57% return, which is significantly higher than SPGP's 2.59% return. Over the past 10 years, GFFFX has underperformed SPGP with an annualized return of 13.13%, while SPGP has yielded a comparatively higher 14.27% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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 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 7.04%, more than SPGP's 1.34% yield.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
American Funds The Growth Fund of America | 7.04% | 7.64% | 4.32% | 8.42% | 4.51% | 7.38% | 12.29% | 7.27% | 6.87% | 9.13% | 10.90% | 7.53% |
Invesco S&P 500 GARP ETF | 1.34% | 1.24% | 1.22% | 0.69% | 1.10% | 0.86% | 0.95% | 0.68% | 0.89% | 1.12% | 1.52% | 2.11% |
Drawdowns
GFFFX vs. SPGP - Drawdown Comparison
The maximum GFFFX drawdown since its inception was -44.33%, which is greater than SPGP's maximum 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 5.04% compared to Invesco S&P 500 GARP ETF (SPGP) at 4.40%. 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.