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
Returns By Period
In the year-to-date period, GFFFX achieves a 28.31% return, which is significantly higher than SPY's 25.36% return. Over the past 10 years, GFFFX has outperformed SPY with an annualized return of 13.99%, while SPY has yielded a comparatively lower 13.07% annualized return.
GFFFX
28.31%
1.91%
12.55%
36.99%
16.21%
13.99%
SPY
25.36%
0.98%
11.79%
31.70%
15.55%
13.07%
Key characteristics
| GFFFX | SPY | |
|---|---|---|
| Sharpe Ratio | 2.54 | 2.69 |
| Sortino Ratio | 3.34 | 3.59 |
| Omega Ratio | 1.46 | 1.50 |
| Calmar Ratio | 2.63 | 3.89 |
| Martin Ratio | 16.42 | 17.53 |
| Ulcer Index | 2.33% | 1.87% |
| Daily Std Dev | 15.07% | 12.15% |
| Max Drawdown | -44.33% | -55.19% |
| Current Drawdown | -1.85% | -1.41% |
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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.
Correlation
The correlation between GFFFX 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.
Risk-Adjusted Performance
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.
Dividends
GFFFX vs. SPY - Dividend Comparison
GFFFX's dividend yield for the trailing twelve months is around 0.63%, less than SPY's 1.19% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GFFFX American Funds The Growth Fund of America | 0.63% | 0.80% | 0.59% | 0.30% | 0.44% | 0.96% | 0.99% | 0.72% | 0.84% | 0.90% | 10.90% | 7.53% |
SPY SPDR S&P 500 ETF | 1.19% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
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. For additional features, visit the drawdowns tool.
Volatility
GFFFX vs. SPY - Volatility Comparison
American Funds The Growth Fund of America (GFFFX) has a higher volatility of 4.81% compared to SPDR S&P 500 ETF (SPY) at 4.09%. 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.