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.
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.
Performance
RNPGX vs. SPY - Performance Comparison
Key characteristics
RNPGX:
1.02
SPY:
1.87
RNPGX:
1.39
SPY:
2.52
RNPGX:
1.19
SPY:
1.35
RNPGX:
0.74
SPY:
2.81
RNPGX:
4.61
SPY:
11.69
RNPGX:
3.07%
SPY:
2.02%
RNPGX:
13.87%
SPY:
12.65%
RNPGX:
-38.44%
SPY:
-55.19%
RNPGX:
-6.29%
SPY:
0.00%
Returns By Period
In the year-to-date period, RNPGX achieves a 6.40% return, which is significantly higher than SPY's 4.58% return. Over the past 10 years, RNPGX has underperformed SPY with an annualized return of 6.80%, while SPY has yielded a comparatively higher 13.23% annualized return.
RNPGX
6.40%
4.24%
3.65%
14.95%
6.99%
6.80%
SPY
4.58%
2.57%
10.04%
24.97%
14.73%
13.23%
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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.
Dividends
RNPGX vs. SPY - Dividend Comparison
RNPGX's dividend yield for the trailing twelve months is around 0.86%, less than SPY's 1.15% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RNPGX American Funds New Perspective Fund Class R-6 | 0.86% | 0.92% | 1.25% | 1.21% | 0.65% | 0.40% | 1.81% | 1.55% | 0.75% | 1.16% | 1.05% | 8.26% |
SPY SPDR S&P 500 ETF | 1.15% | 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 -38.44%, 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. For additional features, visit the drawdowns tool.
Volatility
RNPGX vs. SPY - Volatility Comparison
American Funds New Perspective Fund Class R-6 (RNPGX) has a higher volatility of 3.47% compared to SPDR S&P 500 ETF (SPY) at 3.00%. This indicates that RNPGX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.