NEFFX vs. OBEGX

Last updated Jun 23, 2026

NEFFX (American Funds The New Economy Fund® Class F-2) and OBEGX (Oberweis Global Opportunities Fund) are both Global Equities funds. Over the past 10 years, NEFFX returned 16.94%/yr vs 12.23%/yr for OBEGX. Their correlation of 0.84 suggests significant overlap in exposure. NEFFX charges 0.52%/yr vs 1.51%/yr for OBEGX.

Performance

NEFFX vs. OBEGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Funds The New Economy Fund® Class F-2 (NEFFX) and Oberweis Global Opportunities Fund (OBEGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NEFFX achieves a 23.69% return, which is significantly lower than OBEGX's 29.71% return. Over the past 10 years, NEFFX has outperformed OBEGX with an annualized return of 16.94%, while OBEGX has yielded a comparatively lower 12.23% annualized return.

NEFFX

• 1D: 2.26%
• 1M: 6.34%
• YTD: 23.69%
• 6M: 24.54%
• 1Y: 53.69%
• 3Y*: 30.43%
• 5Y*: 14.22%
• 10Y*: 16.94%

OBEGX

• 1D: 1.59%
• 1M: 2.49%
• YTD: 29.71%
• 6M: 27.43%
• 1Y: 48.74%
• 3Y*: 18.84%
• 5Y*: 6.83%
• 10Y*: 12.23%

*Multi-year figures are annualized to reflect compound growth (CAGR)

NEFFX vs. OBEGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NEFFX American Funds The New Economy Fund® Class F-2	23.69%	31.31%	23.87%	29.47%	-29.50%	12.31%	33.79%	26.75%	-4.17%	34.66%
OBEGX Oberweis Global Opportunities Fund	29.71%	19.32%	10.72%	6.40%	-26.76%	20.80%	55.68%	25.67%	-25.62%	33.35%

Correlation

The correlation between NEFFX and OBEGX is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.77
Correlation (3Y) Calculated over the trailing 3-year period	0.80
Correlation (5Y) Calculated over the trailing 5-year period	0.84
Correlation (10Y) Calculated over the trailing 10-year period	0.84
Correlation (All Time) Calculated using the full available price history since Aug 1, 2008	0.84

The correlation between NEFFX and OBEGX has been stable across timeframes, ranging from 0.77 to 0.84 - a consistent structural relationship.

Return for Risk

NEFFX vs. OBEGX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NEFFX

NEFFX Risk / Return Rank: 87
NEFFX Sharpe Ratio Rank: 92
NEFFX Sortino Ratio Rank: 83
NEFFX Omega Ratio Rank: 82
NEFFX Calmar Ratio Rank: 87
NEFFX Martin Ratio Rank: 92

OBEGX

OBEGX Risk / Return Rank: 75
OBEGX Sharpe Ratio Rank: 73
OBEGX Sortino Ratio Rank: 64
OBEGX Omega Ratio Rank: 59
OBEGX Calmar Ratio Rank: 90
OBEGX Martin Ratio Rank: 88

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NEFFX vs. OBEGX - 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 Oberweis Global Opportunities Fund (OBEGX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	NEFFX	OBEGX	Difference
Sharpe ratio: Return per unit of total volatility	2.87	2.29	+0.58
Sortino ratio: Return per unit of downside risk	3.58	3.04	+0.54
Omega ratio: Gain probability vs. loss probability	1.49	1.39	+0.11
Calmar ratio: Return relative to maximum drawdown	4.01	4.33	-0.31
Martin ratio: Return relative to average drawdown	17.37	15.48	+1.89

NEFFX vs. OBEGX - Sharpe Ratio Comparison

The current NEFFX Sharpe Ratio is 2.87, which is comparable to the OBEGX Sharpe Ratio of 2.29. The chart below compares the historical Sharpe Ratios of NEFFX and OBEGX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

NEFFX vs. OBEGX - Drawdown Comparison

The maximum NEFFX drawdown since its inception was -45.12%, smaller than the maximum OBEGX drawdown of -83.07%. Use the drawdown chart below to compare losses from any high point for NEFFX and OBEGX.

Drawdown Indicators

	NEFFX	OBEGX	Difference
Max Drawdown Largest peak-to-trough decline	-45.12%	-83.07%	+37.95%
Max Drawdown (1Y) Largest decline over 1 year	-13.32%	-11.24%	-2.08%
Max Drawdown (3Y) Largest decline over 3 years	-20.78%	-25.41%	+4.63%
Max Drawdown (5Y) Largest decline over 5 years	-36.95%	-39.68%	+2.73%
Max Drawdown (10Y) Largest decline over 10 years	-36.95%	-41.54%	+4.59%
Current Drawdown Current decline from peak	0.00%	-0.97%	+0.97%
Average Drawdown Average peak-to-trough decline	-7.59%	-33.67%	+26.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.07%	3.14%	-0.07%

Volatility

NEFFX vs. OBEGX - Volatility Comparison

American Funds The New Economy Fund® Class F-2 (NEFFX) has a higher volatility of 8.37% compared to Oberweis Global Opportunities Fund (OBEGX) at 7.52%. This indicates that NEFFX's price experiences larger fluctuations and is considered to be riskier than OBEGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NEFFX	OBEGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.37%	7.52%	+0.85%
Volatility (6M) Calculated over the trailing 6-month period	15.40%	17.04%	-1.64%
Volatility (1Y) Calculated over the trailing 1-year period	18.66%	21.24%	-2.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.66%	23.34%	-3.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.24%	22.69%	-3.45%

NEFFX vs. OBEGX - Expense Ratio Comparison

NEFFX has a 0.52% expense ratio, which is lower than OBEGX's 1.51% expense ratio.

Dividends

NEFFX vs. OBEGX - Dividend Comparison

NEFFX's dividend yield for the trailing twelve months is around 7.98%, less than OBEGX's 9.76% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NEFFX American Funds The New Economy Fund® Class F-2	7.98%	9.87%	9.61%	4.19%	0.19%	7.55%	2.69%	7.57%	10.31%	8.50%	2.51%	6.41%
OBEGX Oberweis Global Opportunities Fund	9.76%	12.66%	0.00%	0.00%	2.64%	25.09%	5.80%	0.00%	6.68%	13.37%	1.12%	14.32%

Frequently Asked Questions

Can I hold both NEFFX and OBEGX in my portfolio?

NEFFX and OBEGX have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NEFFX or OBEGX?

NEFFX has higher volatility (8.37%) compared to OBEGX (7.52%). In terms of maximum drawdown, NEFFX dropped -45.12% vs OBEGX's -83.07%.

Which has better risk-adjusted returns?

NEFFX currently has the higher Sharpe Ratio (2.87 vs 2.29), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.