NEFFX vs. ABALX
Compare and contrast key facts about American Funds The New Economy Fund® Class F-2 (NEFFX) and American Funds American Balanced Fund Class A (ABALX).
NEFFX is managed by American Funds. It was launched on Aug 1, 2008. ABALX is managed by American Funds. It was launched on Jul 26, 1975.
Performance
NEFFX vs. ABALX - Performance Comparison
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NEFFX vs. ABALX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NEFFX American Funds The New Economy Fund® Class F-2 | -5.50% | 31.31% | 23.87% | 29.47% | -29.50% | 12.31% | 33.79% | 26.75% | -4.17% | 34.66% |
ABALX American Funds American Balanced Fund Class A | -1.12% | 18.45% | 14.63% | 13.65% | -12.13% | 15.75% | 10.85% | 18.60% | -3.35% | 14.69% |
Returns By Period
In the year-to-date period, NEFFX achieves a -5.50% return, which is significantly lower than ABALX's -1.12% return. Over the past 10 years, NEFFX has outperformed ABALX with an annualized return of 13.77%, while ABALX has yielded a comparatively lower 9.17% annualized return.
NEFFX
- 1D
- 3.23%
- 1M
- -8.15%
- YTD
- -5.50%
- 6M
- 1.25%
- 1Y
- 30.94%
- 3Y*
- 21.83%
- 5Y*
- 8.96%
- 10Y*
- 13.77%
ABALX
- 1D
- 1.79%
- 1M
- -4.88%
- YTD
- -1.12%
- 6M
- 2.08%
- 1Y
- 16.95%
- 3Y*
- 14.07%
- 5Y*
- 8.20%
- 10Y*
- 9.17%
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NEFFX vs. ABALX - Expense Ratio Comparison
NEFFX has a 0.52% expense ratio, which is lower than ABALX's 0.56% expense ratio.
Return for Risk
NEFFX vs. ABALX — Risk / Return Rank
NEFFX
ABALX
NEFFX vs. ABALX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds The New Economy Fund® Class F-2 (NEFFX) and American Funds American Balanced Fund Class A (ABALX). 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.
| NEFFX | ABALX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.53 | 1.56 | -0.03 |
Sortino ratioReturn per unit of downside risk | 2.18 | 2.28 | -0.11 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.32 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 2.33 | 2.43 | -0.10 |
Martin ratioReturn relative to average drawdown | 9.86 | 10.15 | -0.29 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| NEFFX | ABALX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.53 | 1.56 | -0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | 0.79 | -0.32 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.73 | 0.87 | -0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 0.79 | -0.18 |
Correlation
The correlation between NEFFX and ABALX is 0.89, 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.
Dividends
NEFFX vs. ABALX - Dividend Comparison
NEFFX's dividend yield for the trailing twelve months is around 10.45%, more than ABALX's 8.39% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NEFFX American Funds The New Economy Fund® Class F-2 | 10.45% | 9.87% | 9.61% | 4.19% | 0.19% | 7.55% | 2.69% | 7.57% | 10.31% | 8.50% | 2.51% | 6.41% |
ABALX American Funds American Balanced Fund Class A | 8.39% | 8.27% | 6.87% | 2.05% | 2.30% | 4.30% | 4.35% | 3.49% | 5.49% | 4.72% | 4.24% | 5.60% |
Drawdowns
NEFFX vs. ABALX - Drawdown Comparison
The maximum NEFFX drawdown since its inception was -45.12%, which is greater than ABALX's maximum drawdown of -40.20%. Use the drawdown chart below to compare losses from any high point for NEFFX and ABALX.
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Drawdown Indicators
| NEFFX | ABALX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.12% | -40.20% | -4.92% |
Max Drawdown (1Y)Largest decline over 1 year | -13.32% | -7.33% | -5.99% |
Max Drawdown (5Y)Largest decline over 5 years | -36.95% | -18.76% | -18.19% |
Max Drawdown (10Y)Largest decline over 10 years | -36.95% | -22.34% | -14.61% |
Current DrawdownCurrent decline from peak | -10.52% | -5.37% | -5.15% |
Average DrawdownAverage peak-to-trough decline | -7.66% | -3.86% | -3.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.15% | 1.76% | +1.39% |
Volatility
NEFFX vs. ABALX - Volatility Comparison
American Funds The New Economy Fund® Class F-2 (NEFFX) has a higher volatility of 7.51% compared to American Funds American Balanced Fund Class A (ABALX) at 3.89%. This indicates that NEFFX's price experiences larger fluctuations and is considered to be riskier than ABALX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NEFFX | ABALX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.51% | 3.89% | +3.62% |
Volatility (6M)Calculated over the trailing 6-month period | 13.55% | 6.96% | +6.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.86% | 11.22% | +9.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.21% | 10.45% | +8.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.00% | 10.63% | +8.37% |