Correlation
The correlation between GFFFX and SPY is 0.95, 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.
GFFFX vs. SPY
Compare and contrast key facts about American Funds The Growth Fund of America (GFFFX) and SPDR S&P 500 ETF (SPY).
GFFFX is managed by American Funds. It was launched on Dec 1, 1973. 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: GFFFX or SPY.
Performance
GFFFX vs. SPY - Performance Comparison
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Key characteristics
GFFFX:
0.82
SPY:
0.70
GFFFX:
1.14
SPY:
1.02
GFFFX:
1.16
SPY:
1.15
GFFFX:
0.77
SPY:
0.68
GFFFX:
2.72
SPY:
2.57
GFFFX:
6.07%
SPY:
4.93%
GFFFX:
23.00%
SPY:
20.42%
GFFFX:
-44.33%
SPY:
-55.19%
GFFFX:
-3.12%
SPY:
-3.55%
Returns By Period
In the year-to-date period, GFFFX achieves a 3.36% return, which is significantly higher than SPY's 0.87% return. Over the past 10 years, GFFFX has outperformed SPY with an annualized return of 13.47%, while SPY has yielded a comparatively lower 12.73% annualized return.
GFFFX
3.36%
8.38%
1.31%
18.60%
18.01%
15.13%
13.47%
SPY
0.87%
6.28%
-1.56%
14.21%
14.25%
15.81%
12.73%
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GFFFX vs. SPY - Expense Ratio Comparison
GFFFX has a 0.40% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
GFFFX vs. SPY — Risk-Adjusted Performance Rank
GFFFX
SPY
GFFFX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds The Growth Fund of America (GFFFX) 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
GFFFX vs. SPY - Dividend Comparison
GFFFX's dividend yield for the trailing twelve months is around 8.93%, more than SPY's 1.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GFFFX American Funds The Growth Fund of America | 8.93% | 9.23% | 7.64% | 4.32% | 8.42% | 4.51% | 7.38% | 12.29% | 7.27% | 6.87% | 9.13% | 10.21% |
SPY SPDR S&P 500 ETF | 1.22% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
GFFFX vs. SPY - Drawdown Comparison
The maximum GFFFX drawdown since its inception was -44.33%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for GFFFX and SPY.
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Volatility
GFFFX vs. SPY - Volatility Comparison
American Funds The Growth Fund of America (GFFFX) has a higher volatility of 5.48% compared to SPDR S&P 500 ETF (SPY) at 4.86%. This indicates that GFFFX'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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