- ISIN
- US02630F1003
- CUSIP
- 02630F100
- Issuer
- American Funds
- Inception Date
- Feb 2, 2014
- Category
- Emerging Markets Diversified
- Min. Investment
- $250
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
DWGAX Performance Chart
American Funds Developing World Growth and Income Fund (DWGAX) is up 22.2% 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 $1,352.
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Returns By Period
American Funds Developing World Growth and Income Fund (DWGAX) has returned 22.16% so far this year and 43.64% over the past 12 months. Over the last ten years, DWGAX has returned 8.59% per year, falling short of the S&P 500 Index benchmark, which averaged 13.71% annually.
American Funds Developing World Growth and Income Fund
- 1D
- 0.41%
- 1M
- 5.47%
- YTD
- 22.16%
- 6M
- 22.69%
- 1Y
- 43.64%
- 3Y*
- 20.63%
- 5Y*
- 6.22%
- 10Y*
- 8.59%
Benchmark (S&P 500 Index)
- 1D
- -1.44%
- 1M
- -1.45%
- YTD
- 7.60%
- 6M
- 6.59%
- 1Y
- 22.24%
- 3Y*
- 19.20%
- 5Y*
- 11.54%
- 10Y*
- 13.71%
DWGAX Monthly Returns History
Based on dividend-adjusted daily data since Mar 11, 2014, DWGAX's average daily return is +0.03%, while the average monthly return is +0.57%. At this rate, an investment would double in approximately 10.2 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%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 7.98% | 4.73% | -10.81% | 10.49% | 7.17% | 2.29% | 22.16% | ||||||
| 2025 | 2.55% | 0.37% | 1.76% | 1.72% | 4.09% | 6.40% | 0.08% | 3.47% | 6.28% | 2.35% | -0.72% | 1.74% | 34.25% |
| 2024 | -3.88% | 4.64% | 2.26% | -1.70% | 1.15% | 0.23% | 0.29% | 2.37% | 6.01% | -4.12% | -1.92% | -1.29% | 3.57% |
| 2023 | 9.23% | -5.83% | 0.88% | 2.35% | -2.50% | 5.12% | 4.12% | -5.75% | -3.59% | -3.23% | 7.64% | 3.72% | 11.28% |
| 2022 | -5.14% | -7.36% | -3.11% | -8.30% | 0.41% | -4.63% | 1.51% | -1.27% | -9.14% | 1.19% | 12.66% | -1.41% | -23.47% |
| 2021 | 0.96% | 3.01% | -0.70% | 1.39% | 3.13% | 0.63% | -4.50% | 2.24% | -2.46% | -0.16% | -2.95% | 0.23% | 0.50% |
Benchmark Metrics
American Funds Developing World Growth and Income Fund has an annualized alpha of -1.84%, beta of 0.68, and R2 of 0.55 versus S&P 500 Index. Calculated based on daily prices since March 11, 2014.
- This fund participated in 88.72% of S&P 500 Index downside but only 66.22% of its upside - more exposed to losses than it benefited from rallies.
- 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.
- Alpha
- -1.84%
- Beta
- 0.68
- R²
- 0.55
- Upside Capture
- 66.22%
- Downside Capture
- 88.72%
Expense Ratio
DWGAX has a high expense ratio of 1.23%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
DWGAX ranks 78 for risk / return — better than 78% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
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.
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.
| DWGAX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.84 | ||
| Sortino ratioReturn per unit of downside risk | +0.98 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.32 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 3.34 | 2.46 | +0.89 |
| Martin ratioReturn relative to average drawdown | 12.41 | 10.92 | +1.49 |
Dividends
Dividend History
American Funds Developing World Growth and Income Fund provided a 1.30% dividend yield over the last twelve months, with an annual payout of $0.22 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.22 | $0.26 | $0.12 | $0.17 | $0.10 | $0.13 | $0.18 | $0.21 | $0.21 | $0.23 | $0.18 | $0.17 |
Dividend yield | 1.30% | 1.87% | 1.12% | 1.63% | 1.09% | 1.01% | 1.46% | 1.81% | 2.28% | 2.02% | 2.01% | 2.05% |
Monthly Dividends
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.03 | $0.05 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.14 | $0.26 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.03 | $0.12 |
| 2023 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.05 | $0.17 |
| 2022 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.04 | $0.10 |
| 2021 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.05 | $0.13 |
Drawdowns
Drawdowns Chart
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.
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Worst Drawdowns
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.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -38.71%Oct 2022 | 1y 8mo | 2y 10mo | 4y 6moFeb 2021 - Sep 2025 |
2016 bear market2016 | -36.51%Jan 2016 | 1y 4mo | 1y 10mo | 3y 2moSep 2014 - Nov 2017 |
COVID crash2020 | -34.78%Mar 2020 | 2mo 2d | 7mo 21d | 9mo 23dJan 2020 - Nov 2020 |
Rate-hike selloffLate 2018 | -23.00%Oct 2018 | 9mo 3d | 1y 2mo | 1y 11moJan 2018 - Jan 2020 |
2026 correction2026 | -13.26%Mar 2026 | 1mo 2d | 1mo 7d | 2mo 9dFeb 2026 - May 2026 |
Drawdown Indicators
| DWGAX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.71% | -56.78% | +18.07% |
Max Drawdown (1Y)Largest decline over 1 year | -13.26% | -9.10% | -4.16% |
Max Drawdown (3Y)Largest decline over 3 years | -14.68% | -18.90% | +4.22% |
Max Drawdown (5Y)Largest decline over 5 years | -38.06% | -25.43% | -12.63% |
Max Drawdown (10Y)Largest decline over 10 years | -38.71% | -33.92% | -4.79% |
Current DrawdownCurrent decline from peak | 0.00% | -3.21% | +3.21% |
Average DrawdownAverage peak-to-trough decline | -13.87% | -10.71% | -3.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.57% | 2.04% | +1.53% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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