Correlation
The correlation between RNPGX and SPY is 0.91, 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.
RNPGX vs. SPY
Compare and contrast key facts about American Funds New Perspective Fund Class R-6 (RNPGX) and SPDR S&P 500 ETF (SPY).
RNPGX is managed by American Funds. It was launched on Aug 1, 2008. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RNPGX or SPY.
Performance
RNPGX vs. SPY - Performance Comparison
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Key characteristics
RNPGX:
0.84
SPY:
0.67
RNPGX:
1.14
SPY:
1.03
RNPGX:
1.16
SPY:
1.15
RNPGX:
0.77
SPY:
0.69
RNPGX:
3.25
SPY:
2.61
RNPGX:
4.24%
SPY:
4.92%
RNPGX:
18.46%
SPY:
20.44%
RNPGX:
-34.25%
SPY:
-55.19%
RNPGX:
-0.39%
SPY:
-3.44%
Returns By Period
In the year-to-date period, RNPGX achieves a 7.50% return, which is significantly higher than SPY's 0.98% return. Over the past 10 years, RNPGX has underperformed SPY with an annualized return of 11.44%, while SPY has yielded a comparatively higher 12.73% annualized return.
RNPGX
7.50%
7.39%
6.76%
15.33%
13.38%
13.79%
11.44%
SPY
0.98%
6.45%
-0.84%
13.58%
14.08%
15.83%
12.73%
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RNPGX vs. SPY - Expense Ratio Comparison
RNPGX has a 0.42% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
RNPGX vs. SPY — Risk-Adjusted Performance Rank
RNPGX
SPY
RNPGX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds New Perspective Fund Class R-6 (RNPGX) and SPDR S&P 500 ETF (SPY). 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.
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Dividends
RNPGX vs. SPY - Dividend Comparison
RNPGX's dividend yield for the trailing twelve months is around 5.07%, more than SPY's 1.21% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RNPGX American Funds New Perspective Fund Class R-6 | 5.07% | 5.45% | 5.67% | 4.53% | 7.31% | 4.41% | 4.47% | 7.95% | 5.80% | 4.20% | 6.46% | 7.29% |
SPY SPDR S&P 500 ETF | 1.21% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
RNPGX vs. SPY - Drawdown Comparison
The maximum RNPGX drawdown since its inception was -34.25%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for RNPGX and SPY.
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Volatility
RNPGX vs. SPY - Volatility Comparison
The current volatility for American Funds New Perspective Fund Class R-6 (RNPGX) is 4.13%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.85%. This indicates that RNPGX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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