RNGCX vs. NEFFX

Last updated Jul 11, 2026

RNGCX (American Funds The New Economy Fund Class R-3) and NEFFX (American Funds The New Economy Fund® Class F-2) are both Global Equities funds from American Funds. Over the past 10 years, RNGCX returned 15.67%/yr vs 16.54%/yr for NEFFX. With a 1.00 correlation, they move nearly in lockstep. RNGCX charges 1.05%/yr vs 0.52%/yr for NEFFX.

Performance

RNGCX vs. NEFFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Funds The New Economy Fund Class R-3 (RNGCX) and American Funds The New Economy Fund® Class F-2 (NEFFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with RNGCX having a 20.34% return and NEFFX slightly higher at 20.66%. Over the past 10 years, RNGCX has underperformed NEFFX with an annualized return of 15.67%, while NEFFX has yielded a comparatively higher 16.54% annualized return.

RNGCX

• 1D: 1.18%
• 1M: 2.30%
• 6M: 15.45%
• YTD: 20.34%
• 1Y: 41.57%
• 3Y*: 28.67%
• 5Y*: 12.42%
• 10Y*: 15.67%

NEFFX

• 1D: 1.17%
• 1M: 2.34%
• 6M: 15.75%
• YTD: 20.66%
• 1Y: 42.33%
• 3Y*: 29.37%
• 5Y*: 13.03%
• 10Y*: 16.54%

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

RNGCX vs. NEFFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RNGCX American Funds The New Economy Fund Class R-3	20.34%	30.60%	23.19%	28.77%	-29.88%	11.70%	33.05%	26.06%	-4.68%	33.90%
NEFFX American Funds The New Economy Fund® Class F-2	20.66%	31.31%	23.87%	29.47%	-29.50%	12.31%	33.79%	26.75%	-4.17%	34.66%

Correlation

The correlation between RNGCX and NEFFX is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	1.00
Correlation (3Y) Calculated over the trailing 3-year period	1.00
Correlation (5Y) Calculated over the trailing 5-year period	1.00
Correlation (10Y) Calculated over the trailing 10-year period	1.00
Correlation (All Time) Calculated using the full available price history since Aug 1, 2008	1.00

The correlation between RNGCX and NEFFX has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.

Return for Risk

RNGCX vs. NEFFX — Risk / Return Rank

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

RNGCX

RNGCX Risk / Return Rank: 80
RNGCX Sharpe Ratio Rank: 82
RNGCX Sortino Ratio Rank: 73
RNGCX Omega Ratio Rank: 75
RNGCX Calmar Ratio Rank: 83
RNGCX Martin Ratio Rank: 88

NEFFX

NEFFX Risk / Return Rank: 81
NEFFX Sharpe Ratio Rank: 83
NEFFX Sortino Ratio Rank: 75
NEFFX Omega Ratio Rank: 76
NEFFX Calmar Ratio Rank: 84
NEFFX Martin Ratio Rank: 89

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.

RNGCX vs. NEFFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Funds The New Economy Fund Class R-3 (RNGCX) and American Funds The New Economy Fund® Class F-2 (NEFFX). 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.

	RNGCX	NEFFX	Difference
Sharpe ratio: Return per unit of total volatility	2.13	2.17	-0.04
Sortino ratio: Return per unit of downside risk	2.74	2.78	-0.04
Omega ratio: Gain probability vs. loss probability	1.37	1.38	-0.01
Calmar ratio: Return relative to maximum drawdown	3.07	3.15	-0.08
Martin ratio: Return relative to average drawdown	13.03	13.38	-0.35

RNGCX vs. NEFFX - Sharpe Ratio Comparison

The current RNGCX Sharpe Ratio is 2.13, which is comparable to the NEFFX Sharpe Ratio of 2.17. The chart below compares the historical Sharpe Ratios of RNGCX and NEFFX, 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

RNGCX vs. NEFFX - Drawdown Comparison

The maximum RNGCX drawdown since its inception was -55.54%, which is greater than NEFFX's maximum drawdown of -45.12%. Use the drawdown chart below to compare losses from any high point for RNGCX and NEFFX.

Drawdown Indicators

	RNGCX	NEFFX	Difference
Max Drawdown Largest peak-to-trough decline	-55.54%	-45.12%	-10.42%
Max Drawdown (1Y) Largest decline over 1 year	-13.41%	-13.32%	-0.09%
Max Drawdown (3Y) Largest decline over 3 years	-20.86%	-20.78%	-0.08%
Max Drawdown (5Y) Largest decline over 5 years	-37.25%	-36.95%	-0.30%
Max Drawdown (10Y) Largest decline over 10 years	-37.25%	-36.95%	-0.30%
Current Drawdown Current decline from peak	-2.80%	-2.78%	-0.02%
Average Drawdown Average peak-to-trough decline	-8.89%	-7.58%	-1.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.16%	3.13%	+0.03%

Volatility

RNGCX vs. NEFFX - Volatility Comparison

American Funds The New Economy Fund Class R-3 (RNGCX) and American Funds The New Economy Fund® Class F-2 (NEFFX) have volatilities of 8.52% and 8.52%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RNGCX	NEFFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.52%	8.52%	0.00%
Volatility (6M) Calculated over the trailing 6-month period	16.14%	16.14%	0.00%
Volatility (1Y) Calculated over the trailing 1-year period	19.37%	19.37%	0.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.82%	19.82%	0.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.21%	19.21%	0.00%

RNGCX vs. NEFFX - Expense Ratio Comparison

RNGCX has a 1.05% expense ratio, which is higher than NEFFX's 0.52% expense ratio.

Dividends

RNGCX vs. NEFFX - Dividend Comparison

RNGCX's dividend yield for the trailing twelve months is around 8.73%, more than NEFFX's 8.18% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NEFFX American Funds The New Economy Fund® Class F-2	8.18%	9.87%	9.61%	4.19%	0.19%	7.55%	2.69%	7.57%	10.31%	8.50%	2.51%	6.41%
RNGCX American Funds The New Economy Fund Class R-3	8.73%	10.50%	10.06%	3.87%	0.00%	7.83%	2.53%	7.21%	9.78%	8.29%	0.00%	5.89%

Frequently Asked Questions

Can I hold both RNGCX and NEFFX in my portfolio?

With a correlation of 1.00, RNGCX and NEFFX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, RNGCX or NEFFX?

NEFFX has higher volatility (8.52%) compared to RNGCX (8.52%). In terms of maximum drawdown, RNGCX dropped -55.54% vs NEFFX's -45.12%.

Which has better risk-adjusted returns?

NEFFX currently has the higher Sharpe Ratio (2.17 vs 2.13), 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.