RNGCX vs. SGMAX

Last updated Aug 1, 2026

RNGCX (American Funds The New Economy Fund Class R-3) and SGMAX (SEI Institutional Investments Trust Global Managed Volatility Fund) are both Global Equities funds. Over the past 5 years, RNGCX returned 11.24%/yr vs 10.99%/yr for SGMAX. Their 0.64 correlation means they have sometimes moved together and sometimes differently. RNGCX charges 1.05%/yr vs 0.25%/yr for SGMAX.

Performance

RNGCX vs. SGMAX - 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 SEI Institutional Investments Trust Global Managed Volatility Fund (SGMAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RNGCX achieves a 13.88% return, which is significantly higher than SGMAX's 12.48% return.

RNGCX

• 1D: 3.58%
• 1M: -4.68%
• 6M: 9.92%
• YTD: 13.88%
• 1Y: 35.37%
• 3Y*: 24.58%
• 5Y*: 11.24%
• 10Y*: 14.63%
• ALL TIME*: 11.95%

SGMAX

• 1D: 0.16%
• 1M: 3.23%
• 6M: 9.22%
• YTD: 12.48%
• 1Y: 21.15%
• 3Y*: 16.08%
• 5Y*: 10.99%
• 10Y*: —
• ALL TIME*: 10.09%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
RNGCX American Funds The New Economy Fund Class R-3	$0.00	$0.00	$0.00
SGMAX SEI Institutional Investments Trust Global Managed Volatility Fund	$0.00	$0.00	$0.00

RNGCX vs. SGMAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RNGCX American Funds The New Economy Fund Class R-3	13.88%	30.60%	23.19%	28.77%	-29.88%	11.70%	33.05%	26.06%	-4.68%	33.90%
SGMAX SEI Institutional Investments Trust Global Managed Volatility Fund	12.48%	17.93%	15.18%	8.86%	-3.41%	18.94%	-2.71%	20.58%	-4.41%	17.10%

Correlation

The correlation between RNGCX and SGMAX is 0.35, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.35
Correlation (3Y) Balances recent behavior with more history.	0.48
Correlation (5Y) Shows whether the relationship held over a longer period.	0.58
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017	0.64

Over the past year, the correlation between RNGCX and SGMAX has dropped to 0.35 - well below their long-term average of 0.64, suggesting their price drivers have been diverging.

Return for Risk

RNGCX vs. SGMAX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

RNGCX

RNGCX Risk / Return Rank: 63
RNGCX Sharpe Ratio Rank: 63
RNGCX Sortino Ratio Rank: 55
RNGCX Omega Ratio Rank: 56
RNGCX Calmar Ratio Rank: 72
RNGCX Martin Ratio Rank: 70

SGMAX

SGMAX Risk / Return Rank: 93
SGMAX Sharpe Ratio Rank: 96
SGMAX Sortino Ratio Rank: 95
SGMAX Omega Ratio Rank: 90
SGMAX Calmar Ratio Rank: 90
SGMAX Martin Ratio Rank: 92

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

RNGCX vs. SGMAX - 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 SEI Institutional Investments Trust Global Managed Volatility Fund (SGMAX). 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	SGMAX	Difference
Sharpe ratio: Return per unit of total volatility	1.60	2.68	-1.07
Sortino ratio: Return per unit of downside risk	2.15	3.96	-1.81
Omega ratio: Gain probability vs. loss probability	1.28	1.49	-0.21
Calmar ratio: Return relative to maximum drawdown	2.44	3.42	-0.98
Martin ratio: Return relative to average drawdown	9.06	13.48	-4.42

RNGCX vs. SGMAX - Sharpe Ratio Comparison

The current RNGCX Sharpe Ratio is 1.60, which is lower than the SGMAX Sharpe Ratio of 2.68. The chart below compares the historical Sharpe Ratios of RNGCX and SGMAX, 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. SGMAX - Drawdown Comparison

The maximum RNGCX drawdown since its inception was -55.54%, which is greater than SGMAX's maximum drawdown of -31.27%. Use the drawdown chart below to compare losses from any high point for RNGCX and SGMAX.

Drawdown Indicators

	RNGCX	SGMAX	Difference
Max Drawdown Largest peak-to-trough decline	-55.54%	-31.27%	-24.27%
Max Drawdown (1Y) Largest decline over 1 year	-13.41%	-5.88%	-7.53%
Max Drawdown (3Y) Largest decline over 3 years	-20.86%	-11.57%	-9.29%
Max Drawdown (5Y) Largest decline over 5 years	-37.25%	-22.11%	-15.14%
Max Drawdown (10Y) Largest decline over 10 years	-37.25%	—	—
Current Drawdown Current decline from peak	-8.02%	-0.08%	-7.94%
Average Drawdown Average peak-to-trough decline	-8.88%	-4.74%	-4.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.61%	1.49%	+2.12%

Volatility

RNGCX vs. SGMAX - Volatility Comparison

American Funds The New Economy Fund Class R-3 (RNGCX) has a higher volatility of 7.56% compared to SEI Institutional Investments Trust Global Managed Volatility Fund (SGMAX) at 2.05%. This indicates that RNGCX's price experiences larger fluctuations and is considered to be riskier than SGMAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RNGCX	SGMAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.56%	2.05%	+5.51%
Volatility (6M) Calculated over the trailing 6-month period	17.17%	5.76%	+11.41%
Volatility (1Y) Calculated over the trailing 1-year period	20.42%	7.56%	+12.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.99%	13.76%	+6.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.31%	14.13%	+5.18%

RNGCX vs. SGMAX - Expense Ratio Comparison

RNGCX has a 1.05% expense ratio, which is higher than SGMAX's 0.25% expense ratio.

Dividends

RNGCX vs. SGMAX - Dividend Comparison

RNGCX's dividend yield for the trailing twelve months is around 9.22%, less than SGMAX's 12.93% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RNGCX American Funds The New Economy Fund Class R-3	9.22%	10.50%	10.06%	3.87%	0.00%	7.83%	2.53%	7.21%	9.78%	8.29%	0.00%	5.89%
SGMAX SEI Institutional Investments Trust Global Managed Volatility Fund	12.93%	14.55%	12.63%	6.40%	11.12%	15.38%	2.06%	4.81%	7.86%	4.45%	0.00%	0.00%

Frequently Asked Questions

Can I hold both RNGCX and SGMAX in my portfolio?

RNGCX and SGMAX have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RNGCX or SGMAX?

RNGCX has higher volatility (7.56%) compared to SGMAX (2.05%). In terms of maximum drawdown, RNGCX dropped -55.54% vs SGMAX's -31.27%.

Which has better risk-adjusted returns?

SGMAX currently has the higher Sharpe Ratio (2.68 vs 1.60), 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.