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 0.94, 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.
Performance
GWPAX vs. SPY - Performance Comparison
Key characteristics
GWPAX:
0.17
SPY:
0.50
GWPAX:
0.38
SPY:
0.88
GWPAX:
1.06
SPY:
1.13
GWPAX:
0.16
SPY:
0.56
GWPAX:
0.53
SPY:
2.17
GWPAX:
6.99%
SPY:
4.85%
GWPAX:
20.71%
SPY:
20.02%
GWPAX:
-38.55%
SPY:
-55.19%
GWPAX:
-10.44%
SPY:
-7.65%
Returns By Period
In the year-to-date period, GWPAX achieves a -1.42% return, which is significantly higher than SPY's -3.42% return. Over the past 10 years, GWPAX has underperformed SPY with an annualized return of 5.28%, while SPY has yielded a comparatively higher 12.35% annualized return.
GWPAX
-1.42%
6.19%
-8.31%
3.41%
7.67%
5.28%
SPY
-3.42%
2.87%
-5.06%
9.87%
15.76%
12.35%
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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 Rank
GWPAX
SPY
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 0.48%, less than SPY's 1.27% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GWPAX American Funds Growth Portfolio Class A | 0.48% | 0.47% | 0.70% | 0.35% | 0.03% | 0.44% | 0.84% | 1.00% | 0.70% | 1.01% | 0.73% | 3.99% |
SPY SPDR S&P 500 ETF | 1.27% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
GWPAX vs. SPY - Drawdown Comparison
The maximum GWPAX drawdown since its inception was -38.55%, 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
The current volatility for American Funds Growth Portfolio Class A (GWPAX) is 6.46%, while SPDR S&P 500 ETF (SPY) has a volatility of 7.48%. This indicates that GWPAX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.