DWGAX Alternatives & Similar Mutual Funds

American Funds Developing World Growth and Income Fund (DWGAX) belongs to the Emerging Markets Diversified category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with DWGAX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to DWGAX

DWGAX charges 1.23% annually. There are 114 mutual funds in the Emerging Markets Diversified category with lower expense ratios, going as low as 0.08%.

Symbol	Name	Expense Ratio	AUM	Inception
FPADX	Fidelity Emerging Markets Index Fund	0.08%	—	Sep 2011	DWGAX vs FPADX
FERGX	Fidelity SAI Emerging Markets Index Fund	0.08%	—	Jan 2016	DWGAX vs FERGX
SSKEX	State Street Emerging Markets Equity Index Fund	0.17%	—	Dec 2015	DWGAX vs SSKEX
FCEEX	Franklin Emerging Market Core Equity (IU) Fund Adv...	0.17%	—	Jul 2019	DWGAX vs FCEEX
EMPTX	UBS Emerging Markets Equity Opportunity Fund	0.19%	—	May 2018	DWGAX vs EMPTX

Best Risk-Adjusted Alternatives to DWGAX

DWGAX has a PortfoliosLab risk / return rank of 54. There are 126 mutual funds in the Emerging Markets Diversified category with higher risk-adjusted ranks, going as high as 94.

Symbol	Name	Risk / Return Rank	AUM	Inception
DEMIX	Delaware Emerging Markets Fund	94	—	Jun 1996	DWGAX vs DEMIX
LZEMX	Lazard Emerging Markets Equity Portfolio	93	—	Jul 1994	DWGAX vs LZEMX
FQEMX	Franklin Templeton SMACS: Series EM	93	—	Nov 2021	DWGAX vs FQEMX
GMAQX	GMO Emerging Markets ex-China Fund	91	—	Oct 2021	DWGAX vs GMAQX
DODEX	Dodge & Cox Emerging Markets Stock Fund	91	—	May 2021	DWGAX vs DODEX

Top Performing DWGAX Alternatives (YTD)

DWGAX is at 14.59% YTD. There are 132 mutual funds in the Emerging Markets Diversified category with higher YTD returns, going as high as 88.77%.

Symbol	Name	YTD Return	AUM	Inception
DEMIX	Delaware Emerging Markets Fund	88.77%	—	Jun 1996	DWGAX vs DEMIX
FQEMX	Franklin Templeton SMACS: Series EM	63.44%	—	Nov 2021	DWGAX vs FQEMX
LCSMX	Martin Currie SMA-Shares Series EM Fund	46.75%	—	Jan 2018	DWGAX vs LCSMX
GMAQX	GMO Emerging Markets ex-China Fund	43.19%	—	Oct 2021	DWGAX vs GMAQX
GTDDX	Invesco EQV Emerging Markets All Cap Fd	37.03%	—	Jan 1994	DWGAX vs GTDDX

Lowest Volatility Alternatives to DWGAX

DWGAX has 18.01% 1-year volatility. There are 42 mutual funds in the Emerging Markets Diversified category with lower 1-year volatility, going as low as 10.56%.

Symbol	Name	Volatility 1Y	AUM	Inception
ESCIX	Ashmore Emerging Markets Small Cap Equity Fund	10.56%	—	Oct 2011	DWGAX vs ESCIX
GQGPX	GQG Partners Emerging Markets Equity Fund	11.42%	—	Dec 2016	DWGAX vs GQGPX
VIESX	Virtus KAR Emerging Markets Small-Cap Fund	11.71%	—	Dec 2013	DWGAX vs VIESX
COBYX	The Cook & Bynum Fund	11.77%	—	Jun 2009	DWGAX vs COBYX
HLFMX	Harding Loevner Frontier Emerging Markets Fund	12.18%	—	May 2008	DWGAX vs HLFMX

Lowest Drawdown Alternatives to DWGAX

DWGAX has a 1-year max drawdown of -13.26%. There are 82 mutual funds in the Emerging Markets Diversified category with shallower 1-year drawdowns, going as shallow as -5.70%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
ESCIX	Ashmore Emerging Markets Small Cap Equity Fund	-5.70%	—	Oct 2011	DWGAX vs ESCIX
WAEMX	Wasatch Emerging Markets Small Cap Fund	-8.76%	—	Sep 2007	DWGAX vs WAEMX
BADEX	BlackRock Defensive Advantage Emerging Markets Fun...	-8.89%	—	Dec 2020	DWGAX vs BADEX
COBYX	The Cook & Bynum Fund	-8.95%	—	Jun 2009	DWGAX vs COBYX
GQGPX	GQG Partners Emerging Markets Equity Fund	-9.12%	—	Dec 2016	DWGAX vs GQGPX

Other Mutual Funds from American Funds

The 10 most viewed American Funds mutual funds shown here include ABALX, AIVSX, AWSHX and span 7 categories.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
ABALX	American Funds American Balanced Fund Class A	Diversified Portfolio	78	8.72%	—	Jul 1975	DWGAX vs ABALX
AIVSX	American Funds Investment Company of America Class...	Large Cap Blend Equities	37	9.46%	—	Jan 1934	DWGAX vs AIVSX
AWSHX	American Funds Washington Mutual Investors Fund Cl...	Large Cap Blend Equities	38	7.38%	—	Jul 1952	DWGAX vs AWSHX
RGAGX	American Funds The Growth Fund of America Class R-...	Large Cap Growth Equities	22	8.07%	—	Dec 1973	DWGAX vs RGAGX
RERGX	American Funds EUPAC Fund Class R-6	Foreign Large Cap Equities, Large Cap Growth Equities, Actively Managed	38	9.74%	—	May 2009	DWGAX vs RERGX
ANCFX	American Funds Fundamental Investors Class A	Large Cap Blend Equities, Actively Managed	59	13.28%	—	Aug 1978	DWGAX vs ANCFX
ANWPX	American Funds New Perspective Fund Class A	Global Equities, Large Cap Growth Equities, Actively Managed	23	5.92%	—	Mar 1973	DWGAX vs ANWPX
GFFFX	American Funds The Growth Fund of America Class F-...	Large Cap Growth Equities	22	8.00%	—	Dec 1973	DWGAX vs GFFFX
AMECX	American Funds The Income Fund of America Class A	Diversified Portfolio, Dividend	58	6.57%	—	Dec 1973	DWGAX vs AMECX
AMCPX	American Funds AMCAP Fund Class A	Large Cap Growth Equities	19	5.91%	—	Jan 1967	DWGAX vs AMCPX

Often Compared With DWGAX

Investors most often compare DWGAX with VXUS, ANEFX, SPY. These 20 comparison targets span 6 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
VXUS	Vanguard Total International Stock ETF	Global Equities	62	13.28%	652.30B	Jan 2011	DWGAX vs VXUS
ANEFX	American Funds The New Economy Fund	Global Equities	77	18.07%	—	Nov 1983	DWGAX vs ANEFX
SPY	State Street SPDR S&P 500 ETF	S&P 500	70	11.28%	783.21B	Jan 1993	DWGAX vs SPY
VTI	Vanguard Total Stock Market ETF	Large Cap Blend Equities	70	11.75%	2.30T	May 2001	DWGAX vs VTI
VOO	Vanguard S&P 500 ETF	S&P 500	70	11.30%	1.70T	Sep 2010	DWGAX vs VOO
LVAZX	LSV Emerging Markets Equity Fund	Emerging Markets Diversified	89	27.23%	—	Jan 2019	DWGAX vs LVAZX
IGAAX	American Funds International Growth and Income Fun...	Foreign Large Cap Equities	52	10.53%	—	Oct 2008	DWGAX vs IGAAX
NEWFX	American Funds New World Fund	Emerging Markets Diversified	47	13.27%	—	Jun 1999	DWGAX vs NEWFX
TEMZX	Templeton Emerging Markets Small Cap Fund	Emerging Markets Diversified	18	10.95%	—	Oct 2006	DWGAX vs TEMZX
CEMFX	Cullen Emerging Markets High Dividend Fund	Emerging Markets Diversified	79	19.17%	—	Aug 2012	DWGAX vs CEMFX
EFEIX	Ashmore Emerging Markets Frontier Equity Fund	Emerging Markets Diversified	15	3.19%	—	Nov 2013	DWGAX vs EFEIX
DRESX	Driehaus Emerging Markets Small Cap Growth Fund	Emerging Markets Diversified	43	11.41%	—	Aug 2011	DWGAX vs DRESX
EAEMX	Parametric Emerging Markets Fund	Emerging Markets Diversified	57	9.19%	—	Jun 2006	DWGAX vs EAEMX
TEQLX	TIAA-CREF Emerging Markets Equity Index Fund	Emerging Markets Diversified	67	20.44%	—	Aug 2010	DWGAX vs TEQLX
EITEX	Parametric Tax-Managed Emerging Markets Fund	Emerging Markets Diversified	59	9.30%	—	Jun 1998	DWGAX vs EITEX
PDEZX	PGIM Jennison Emerging Markets Equity Opportunitie...	Emerging Markets Diversified	25	17.74%	—	Sep 2014	DWGAX vs PDEZX
BEMIX	Brandes Emerging Markets Fund	Emerging Markets Diversified	89	20.81%	—	Jan 2011	DWGAX vs BEMIX
GLLSX	abrdn Emerging Markets ex-China Fund	Emerging Markets Diversified	87	34.58%	—	Aug 2000	DWGAX vs GLLSX
FINFX	American Funds Fundamental Investors® Class F-2	Large Cap Blend Equities, Dividend	60	13.40%	—	Aug 1978	DWGAX vs FINFX
NEFFX	American Funds The New Economy Fund® Class F-2	Global Equities	78	18.19%	—	Aug 2008	DWGAX vs NEFFX

Compare DWGAX with Any Fund or Stock

Compare DWGAX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

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Diversifiers

Pair DWGAX with funds that move differently

American Funds Developing World Growth and Income Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to DWGAX.

Explore DWGAX Diversifiers

American Funds Developing World Growth and Income Fund (DWGAX) Alternatives