NEFFX vs. SSGLX
Compare and contrast key facts about American Funds The New Economy Fund® Class F-2 (NEFFX) and State Street Global All Cap Equity ex-U.S. Index Fund Class K (SSGLX).
NEFFX is managed by American Funds. It was launched on Aug 1, 2008. SSGLX is a passively managed fund by State Street that tracks the performance of the MSCI ACWI ex USA Investable Market Index. It was launched on Sep 17, 2014.
Performance
NEFFX vs. SSGLX - Performance Comparison
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NEFFX vs. SSGLX - 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% |
SSGLX State Street Global All Cap Equity ex-U.S. Index Fund Class K | -0.64% | 32.64% | 4.98% | 15.67% | -16.44% | 8.36% | 11.11% | 21.52% | -14.05% | 27.12% |
Returns By Period
In the year-to-date period, NEFFX achieves a -5.50% return, which is significantly lower than SSGLX's -0.64% return. Over the past 10 years, NEFFX has outperformed SSGLX with an annualized return of 13.77%, while SSGLX has yielded a comparatively lower 8.58% 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%
SSGLX
- 1D
- 0.39%
- 1M
- -9.13%
- YTD
- -0.64%
- 6M
- 3.27%
- 1Y
- 24.39%
- 3Y*
- 14.40%
- 5Y*
- 6.92%
- 10Y*
- 8.58%
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NEFFX vs. SSGLX - Expense Ratio Comparison
NEFFX has a 0.52% expense ratio, which is higher than SSGLX's 0.07% expense ratio.
Return for Risk
NEFFX vs. SSGLX — Risk / Return Rank
NEFFX
SSGLX
NEFFX vs. SSGLX - 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 State Street Global All Cap Equity ex-U.S. Index Fund Class K (SSGLX). 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 | SSGLX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.53 | 1.56 | -0.02 |
Sortino ratioReturn per unit of downside risk | 2.18 | 2.12 | +0.06 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.32 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 2.33 | 2.00 | +0.34 |
Martin ratioReturn relative to average drawdown | 9.86 | 7.90 | +1.96 |
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 | SSGLX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.53 | 1.56 | -0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | 0.48 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.73 | 0.53 | +0.19 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 0.37 | +0.24 |
Correlation
The correlation between NEFFX and SSGLX is 0.73, 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. SSGLX - Dividend Comparison
NEFFX's dividend yield for the trailing twelve months is around 10.45%, more than SSGLX's 4.44% 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% |
SSGLX State Street Global All Cap Equity ex-U.S. Index Fund Class K | 4.44% | 4.41% | 4.46% | 2.98% | 2.85% | 4.20% | 1.72% | 4.80% | 8.32% | 3.98% | 1.52% | 2.09% |
Drawdowns
NEFFX vs. SSGLX - Drawdown Comparison
The maximum NEFFX drawdown since its inception was -45.12%, which is greater than SSGLX's maximum drawdown of -35.88%. Use the drawdown chart below to compare losses from any high point for NEFFX and SSGLX.
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Drawdown Indicators
| NEFFX | SSGLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.12% | -35.88% | -9.24% |
Max Drawdown (1Y)Largest decline over 1 year | -13.32% | -11.22% | -2.10% |
Max Drawdown (5Y)Largest decline over 5 years | -36.95% | -30.08% | -6.87% |
Max Drawdown (10Y)Largest decline over 10 years | -36.95% | -35.88% | -1.07% |
Current DrawdownCurrent decline from peak | -10.52% | -10.87% | +0.35% |
Average DrawdownAverage peak-to-trough decline | -7.66% | -8.32% | +0.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.15% | 2.84% | +0.31% |
Volatility
NEFFX vs. SSGLX - Volatility Comparison
American Funds The New Economy Fund® Class F-2 (NEFFX) has a higher volatility of 7.51% compared to State Street Global All Cap Equity ex-U.S. Index Fund Class K (SSGLX) at 6.44%. This indicates that NEFFX's price experiences larger fluctuations and is considered to be riskier than SSGLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NEFFX | SSGLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.51% | 6.44% | +1.07% |
Volatility (6M)Calculated over the trailing 6-month period | 13.55% | 10.02% | +3.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.86% | 15.49% | +5.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.21% | 14.49% | +4.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.00% | 16.15% | +2.85% |