Correlation
The correlation between RNPGX and VOO is 0.92, 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. VOO
Compare and contrast key facts about American Funds New Perspective Fund Class R-6 (RNPGX) and Vanguard S&P 500 ETF (VOO).
RNPGX is managed by American Funds. It was launched on Aug 1, 2008. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RNPGX or VOO.
Performance
RNPGX vs. VOO - Performance Comparison
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Key characteristics
RNPGX:
0.85
VOO:
0.74
RNPGX:
1.16
VOO:
1.04
RNPGX:
1.16
VOO:
1.15
RNPGX:
0.78
VOO:
0.68
RNPGX:
3.29
VOO:
2.58
RNPGX:
4.24%
VOO:
4.93%
RNPGX:
18.42%
VOO:
19.54%
RNPGX:
-34.25%
VOO:
-33.99%
RNPGX:
-0.49%
VOO:
-3.55%
Returns By Period
In the year-to-date period, RNPGX achieves a 7.39% return, which is significantly higher than VOO's 0.90% return. Over the past 10 years, RNPGX has underperformed VOO with an annualized return of 11.42%, while VOO has yielded a comparatively higher 12.81% annualized return.
RNPGX
7.39%
6.99%
5.76%
15.61%
13.42%
13.77%
11.42%
VOO
0.90%
6.28%
-1.46%
14.27%
14.31%
15.89%
12.81%
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RNPGX vs. VOO - Expense Ratio Comparison
RNPGX has a 0.42% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
RNPGX vs. VOO — Risk-Adjusted Performance Rank
RNPGX
VOO
RNPGX vs. VOO - 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 Vanguard S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
RNPGX's dividend yield for the trailing twelve months is around 5.08%, more than VOO's 1.29% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RNPGX American Funds New Perspective Fund Class R-6 | 5.08% | 5.45% | 5.67% | 4.53% | 7.32% | 4.41% | 4.47% | 7.96% | 5.80% | 4.20% | 6.46% | 7.29% |
VOO Vanguard S&P 500 ETF | 1.29% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% |
Drawdowns
RNPGX vs. VOO - Drawdown Comparison
The maximum RNPGX drawdown since its inception was -34.25%, roughly equal to the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for RNPGX and VOO.
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Volatility
RNPGX vs. VOO - Volatility Comparison
The current volatility for American Funds New Perspective Fund Class R-6 (RNPGX) is 4.15%, while Vanguard S&P 500 ETF (VOO) has a volatility of 4.84%. This indicates that RNPGX experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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