Correlation
The correlation between MGOYX and ANEFX is 0.90, 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.
MGOYX vs. ANEFX
Compare and contrast key facts about Victory Munder Mid-Cap Core Growth Fund (MGOYX) and American Funds The New Economy Fund (ANEFX).
MGOYX is managed by Victory. It was launched on Jun 24, 1998. ANEFX is managed by American Funds. It was launched on Nov 30, 1983.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MGOYX or ANEFX.
Performance
MGOYX vs. ANEFX - Performance Comparison
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Key characteristics
MGOYX:
0.34
ANEFX:
0.70
MGOYX:
0.63
ANEFX:
0.93
MGOYX:
1.11
ANEFX:
1.13
MGOYX:
0.30
ANEFX:
0.61
MGOYX:
0.69
ANEFX:
2.15
MGOYX:
12.05%
ANEFX:
5.88%
MGOYX:
27.77%
ANEFX:
22.10%
MGOYX:
-57.22%
ANEFX:
-64.86%
MGOYX:
-15.23%
ANEFX:
-3.77%
Returns By Period
In the year-to-date period, MGOYX achieves a 2.27% return, which is significantly lower than ANEFX's 2.60% return. Over the past 10 years, MGOYX has underperformed ANEFX with an annualized return of 7.23%, while ANEFX has yielded a comparatively higher 10.56% annualized return.
MGOYX
2.27%
5.08%
-5.29%
8.37%
7.18%
10.60%
7.23%
ANEFX
2.60%
7.25%
1.23%
15.13%
15.47%
11.44%
10.56%
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MGOYX vs. ANEFX - Expense Ratio Comparison
MGOYX has a 0.98% expense ratio, which is higher than ANEFX's 0.75% expense ratio.
Risk-Adjusted Performance
MGOYX vs. ANEFX — Risk-Adjusted Performance Rank
MGOYX
ANEFX
MGOYX vs. ANEFX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Victory Munder Mid-Cap Core Growth Fund (MGOYX) and American Funds The New Economy Fund (ANEFX). 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
MGOYX vs. ANEFX - Dividend Comparison
MGOYX's dividend yield for the trailing twelve months is around 15.38%, more than ANEFX's 9.35% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MGOYX Victory Munder Mid-Cap Core Growth Fund | 15.38% | 15.73% | 4.54% | 12.23% | 25.13% | 18.64% | 60.72% | 49.02% | 19.33% | 12.76% | 10.52% | 11.37% |
ANEFX American Funds The New Economy Fund | 9.35% | 9.59% | 3.96% | 0.00% | 7.55% | 2.47% | 7.34% | 10.00% | 8.28% | 2.24% | 6.16% | 8.77% |
Drawdowns
MGOYX vs. ANEFX - Drawdown Comparison
The maximum MGOYX drawdown since its inception was -57.22%, smaller than the maximum ANEFX drawdown of -64.86%. Use the drawdown chart below to compare losses from any high point for MGOYX and ANEFX.
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Volatility
MGOYX vs. ANEFX - Volatility Comparison
The current volatility for Victory Munder Mid-Cap Core Growth Fund (MGOYX) is 4.43%, while American Funds The New Economy Fund (ANEFX) has a volatility of 5.23%. This indicates that MGOYX experiences smaller price fluctuations and is considered to be less risky than ANEFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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