American Funds Developing World Growth and Income Fund (DWGAX)

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American Funds Developing World Growth and Income Fund (DWGAX) is up 20.9% since the beginning of the year. DWGAX is currently trading at $17 per share. Investors who bought $1,000 worth of DWGAX shares 5 years ago would now be looking at an investment worth $1,321.

American Funds Developing World Growth and Income Fund (DWGAX) has returned 20.87% so far this year and 45.70% over the past 12 months. Over the last ten years, DWGAX has returned 8.30% per year, falling short of the S&P 500 Index benchmark, which averaged 13.75% annually.

Based on dividend-adjusted daily data since Mar 11, 2014, DWGAX's average daily return is +0.03%, while the average monthly return is +0.56%. At this rate, an investment would double in approximately 10.3 years.

Historically, 59% of months were positive and 41% were negative. The best month was Nov 2022 with a return of +12.7%, while the worst month was Mar 2020 at -18.9%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 5 months.

On a daily basis, DWGAX closed higher 51% of trading days. The best single day was Mar 16, 2022 with a return of +6.8%, while the worst single day was Mar 16, 2020 at -10.8%.

American Funds Developing World Growth and Income Fund has an annualized alpha of -2.02%, beta of 0.68, and R2 of 0.55 versus S&P 500 Index. Calculated based on daily prices since March 12, 2014.

• This fund participated in 92.32% of S&P 500 Index downside but only 67.86% of its upside - more exposed to losses than it benefited from rallies.
• This fund had an annualized alpha of -2.02% versus S&P 500 Index - delivering less than market exposure alone would predict.
• Beta of 0.68 indicates this fund moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.

DWGAX has a high expense ratio of 1.23%, indicating above-average management fees.

DWGAX ranks 82 for risk / return — in the top 82% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

The table below present risk-adjusted performance metrics for American Funds Developing World Growth and Income Fund (DWGAX) and compare them to S&P 500 Index.

American Funds Developing World Growth and Income Fund provided a 1.66% dividend yield over the last twelve months, with an annual payout of $0.28 per share.

The table displays the monthly dividend distributions for American Funds Developing World Growth and Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the American Funds Developing World Growth and Income Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the American Funds Developing World Growth and Income Fund was 38.71%, occurring on Oct 24, 2022. Recovery took 720 trading sessions.

The chart below shows the rolling one-month volatility.