GWPAX vs. SPY
Compare and contrast key facts about American Funds Growth Portfolio Class A (GWPAX) and SPDR S&P 500 ETF (SPY).
GWPAX is managed by American Funds. It was launched on May 18, 2012. 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: GWPAX or SPY.
Correlation
The correlation between GWPAX 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.
Performance
GWPAX vs. SPY - Performance Comparison
Key characteristics
GWPAX:
1.48
SPY:
2.03
GWPAX:
2.01
SPY:
2.71
GWPAX:
1.27
SPY:
1.38
GWPAX:
1.87
SPY:
3.02
GWPAX:
9.41
SPY:
13.49
GWPAX:
2.20%
SPY:
1.88%
GWPAX:
14.05%
SPY:
12.48%
GWPAX:
-34.15%
SPY:
-55.19%
GWPAX:
-4.31%
SPY:
-3.54%
Returns By Period
In the year-to-date period, GWPAX achieves a 20.28% return, which is significantly lower than SPY's 24.51% return. Over the past 10 years, GWPAX has underperformed SPY with an annualized return of 10.59%, while SPY has yielded a comparatively higher 12.94% annualized return.
GWPAX
20.28%
0.15%
6.63%
22.65%
11.04%
10.59%
SPY
24.51%
-0.32%
7.56%
24.63%
14.51%
12.94%
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GWPAX vs. SPY - Expense Ratio Comparison
GWPAX has a 0.73% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
GWPAX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds Growth Portfolio Class A (GWPAX) 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
GWPAX vs. SPY - Dividend Comparison
GWPAX's dividend yield for the trailing twelve months is around 0.58%, less than SPY's 0.87% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GWPAX American Funds Growth Portfolio Class A | 0.58% | 0.70% | 0.35% | 0.03% | 0.44% | 0.84% | 1.00% | 0.70% | 1.01% | 0.73% | 3.99% | 1.36% |
SPY SPDR S&P 500 ETF | 0.87% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
GWPAX vs. SPY - Drawdown Comparison
The maximum GWPAX drawdown since its inception was -34.15%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for GWPAX and SPY. For additional features, visit the drawdowns tool.
Volatility
GWPAX vs. SPY - Volatility Comparison
American Funds Growth Portfolio Class A (GWPAX) has a higher volatility of 4.42% compared to SPDR S&P 500 ETF (SPY) at 3.61%. This indicates that GWPAX'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.