NEFFX vs. AMCPX
Compare and contrast key facts about American Funds The New Economy Fund® Class F-2 (NEFFX) and American Funds AMCAP Fund Class A (AMCPX).
NEFFX is managed by American Funds. It was launched on Aug 1, 2008. AMCPX is managed by American Funds. It was launched on Jan 5, 1967.
Performance
NEFFX vs. AMCPX - Performance Comparison
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NEFFX vs. AMCPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NEFFX American Funds The New Economy Fund® Class F-2 | -8.46% | 31.31% | 23.87% | 29.47% | -29.50% | 12.31% | 33.79% | 26.75% | -4.17% | 34.66% |
AMCPX American Funds AMCAP Fund Class A | -11.82% | 17.68% | 21.11% | 31.04% | -28.67% | 20.57% | 21.42% | 26.35% | -4.42% | 22.08% |
Returns By Period
In the year-to-date period, NEFFX achieves a -8.46% return, which is significantly higher than AMCPX's -11.82% return. Over the past 10 years, NEFFX has outperformed AMCPX with an annualized return of 13.41%, while AMCPX has yielded a comparatively lower 10.59% annualized return.
NEFFX
- 1D
- -1.44%
- 1M
- -11.32%
- YTD
- -8.46%
- 6M
- -0.86%
- 1Y
- 27.68%
- 3Y*
- 20.54%
- 5Y*
- 8.67%
- 10Y*
- 13.41%
AMCPX
- 1D
- -0.37%
- 1M
- -10.12%
- YTD
- -11.82%
- 6M
- -9.34%
- 1Y
- 11.06%
- 3Y*
- 14.39%
- 5Y*
- 6.22%
- 10Y*
- 10.59%
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NEFFX vs. AMCPX - Expense Ratio Comparison
NEFFX has a 0.52% expense ratio, which is lower than AMCPX's 0.65% expense ratio.
Return for Risk
NEFFX vs. AMCPX — Risk / Return Rank
NEFFX
AMCPX
NEFFX vs. AMCPX - 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 AMCAP Fund Class A (AMCPX). 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 | AMCPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.31 | 0.56 | +0.75 |
Sortino ratioReturn per unit of downside risk | 1.90 | 0.94 | +0.96 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.13 | +0.13 |
Calmar ratioReturn relative to maximum drawdown | 1.80 | 0.59 | +1.21 |
Martin ratioReturn relative to average drawdown | 7.79 | 2.42 | +5.38 |
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 | AMCPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.31 | 0.56 | +0.75 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.45 | 0.33 | +0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.71 | 0.57 | +0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 0.57 | +0.02 |
Correlation
The correlation between NEFFX and AMCPX is 0.96, 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. AMCPX - Dividend Comparison
NEFFX's dividend yield for the trailing twelve months is around 10.78%, more than AMCPX's 9.90% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NEFFX American Funds The New Economy Fund® Class F-2 | 10.78% | 9.87% | 9.61% | 4.19% | 0.19% | 7.55% | 2.69% | 7.57% | 10.31% | 8.50% | 2.51% | 6.41% |
AMCPX American Funds AMCAP Fund Class A | 9.90% | 8.73% | 8.19% | 3.26% | 7.54% | 3.43% | 3.88% | 4.90% | 7.84% | 5.37% | 3.81% | 8.86% |
Drawdowns
NEFFX vs. AMCPX - Drawdown Comparison
The maximum NEFFX drawdown since its inception was -45.12%, smaller than the maximum AMCPX drawdown of -62.37%. Use the drawdown chart below to compare losses from any high point for NEFFX and AMCPX.
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Drawdown Indicators
| NEFFX | AMCPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.12% | -62.37% | +17.25% |
Max Drawdown (1Y)Largest decline over 1 year | -13.32% | -14.18% | +0.86% |
Max Drawdown (5Y)Largest decline over 5 years | -36.95% | -36.90% | -0.05% |
Max Drawdown (10Y)Largest decline over 10 years | -36.95% | -36.90% | -0.05% |
Current DrawdownCurrent decline from peak | -13.32% | -14.18% | +0.86% |
Average DrawdownAverage peak-to-trough decline | -7.66% | -9.60% | +1.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.08% | 3.47% | -0.39% |
Volatility
NEFFX vs. AMCPX - Volatility Comparison
American Funds The New Economy Fund® Class F-2 (NEFFX) has a higher volatility of 6.51% compared to American Funds AMCAP Fund Class A (AMCPX) at 5.26%. This indicates that NEFFX's price experiences larger fluctuations and is considered to be riskier than AMCPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NEFFX | AMCPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.51% | 5.26% | +1.25% |
Volatility (6M)Calculated over the trailing 6-month period | 13.20% | 11.06% | +2.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.67% | 19.60% | +1.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.16% | 19.12% | +0.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.97% | 18.63% | +0.34% |