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

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 funds that fit a different role in your portfolio.

Cheapest Alternatives to DWGAX

DWGAX charges 1.23% annually. Among mutual funds in the Emerging Markets Diversified category, these options have the lowest expense ratios among DWGAX alternatives.

Symbol	Name	Expense Ratio	Inception
FERGX	Fidelity SAI Emerging Markets Index Fund	0.08%	Jan 4, 2016	DWGAX vs FERGX
FPADX	Fidelity Emerging Markets Index Fund	0.08%	Sep 8, 2011	DWGAX vs FPADX
FCEEX	Franklin Emerging Market Core Equity (IU) Fund Adv...	0.17%	Jul 31, 2019	DWGAX vs FCEEX
SSKEX	State Street Emerging Markets Equity Index Fund	0.17%	Dec 17, 2015	DWGAX vs SSKEX
EMPTX	UBS Emerging Markets Equity Opportunity Fund	0.19%	May 30, 2018	DWGAX vs EMPTX

Best Risk-Adjusted Alternatives to DWGAX

Among mutual funds in the Emerging Markets Diversified category, these options rank highest on PortfoliosLab's risk-adjusted score, which accounts for volatility, drawdown, and return consistency over a 1-year period.

Symbol	Name	Risk / Return Rank	Inception
DEMIX	Delaware Emerging Markets Fund	97	Jun 9, 1996	DWGAX vs DEMIX
LCSMX	Martin Currie SMA-Shares Series EM Fund	96	Jan 9, 2018	DWGAX vs LCSMX
LZEMX	Lazard Emerging Markets Equity Portfolio	96	Jul 14, 1994	DWGAX vs LZEMX
BEMIX	Brandes Emerging Markets Fund	96	Jan 30, 2011	DWGAX vs BEMIX
FQEMX	Franklin Templeton SMACS: Series EM	95	Nov 21, 2021	DWGAX vs FQEMX

Top Performing DWGAX Alternatives (YTD)

DWGAX alternatives from the Emerging Markets Diversified category, sorted by year-to-date return.

Symbol	Name	YTD Return	Inception
DEMIX	Delaware Emerging Markets Fund	13.36%	Jun 9, 1996	DWGAX vs DEMIX
LCSMX	Martin Currie SMA-Shares Series EM Fund	9.17%	Jan 9, 2018	DWGAX vs LCSMX
ESCIX	Ashmore Emerging Markets Small Cap Equity Fund	8.91%	Oct 3, 2011	DWGAX vs ESCIX
FQEMX	Franklin Templeton SMACS: Series EM	8.67%	Nov 21, 2021	DWGAX vs FQEMX
CEMFX	Cullen Emerging Markets High Dividend Fund	6.79%	Aug 30, 2012	DWGAX vs CEMFX

Lowest Volatility Alternatives to DWGAX

DWGAX alternatives from the Emerging Markets Diversified category, sorted by annualized volatility over the past year.

Symbol	Name	Volatility 1Y	Inception
BADEX	BlackRock Defensive Advantage Emerging Markets Fun...	10.20%	Dec 20, 2020	DWGAX vs BADEX
HLFMX	Harding Loevner Frontier Emerging Markets Fund	11.89%	May 26, 2008	DWGAX vs HLFMX
EAEMX	Parametric Emerging Markets Fund	12.06%	Jun 29, 2006	DWGAX vs EAEMX
EITEX	Parametric Tax-Managed Emerging Markets Fund	12.26%	Jun 29, 1998	DWGAX vs EITEX
EFEIX	Ashmore Emerging Markets Frontier Equity Fund	12.26%	Nov 3, 2013	DWGAX vs EFEIX

Lowest Drawdown Alternatives to DWGAX

DWGAX alternatives from the Emerging Markets Diversified category, sorted by maximum drawdown over the past year.

Symbol	Name	Max Drawdown 1Y	Inception
BADEX	BlackRock Defensive Advantage Emerging Markets Fun...	-8.89%	Dec 20, 2020	DWGAX vs BADEX
COBYX	The Cook & Bynum Fund	-8.95%	Jun 30, 2009	DWGAX vs COBYX
GQGPX	GQG Partners Emerging Markets Equity Fund	-9.12%	Dec 27, 2016	DWGAX vs GQGPX
WAEMX	Wasatch Emerging Markets Small Cap Fund	-9.38%	Sep 30, 2007	DWGAX vs WAEMX
EITEX	Parametric Tax-Managed Emerging Markets Fund	-9.88%	Jun 29, 1998	DWGAX vs EITEX

Other Mutual Funds from American Funds

Most popular American Funds mutual funds on PortfoliosLab, across asset classes.

Symbol	Name	Category	Risk / Return Rank	YTD Return	Inception
ABALX	American Funds American Balanced Fund Class A	Diversified Portfolio	81	-2.86%	Jul 26, 1975	DWGAX vs ABALX
AIVSX	American Funds Investment Company of America Class...	Large Cap Blend Equities	48	-7.68%	Jan 1, 1934	DWGAX vs AIVSX
RGAGX	American Funds The Growth Fund of America Class R-...	Large Cap Growth Equities	30	-11.15%	Dec 1, 1973	DWGAX vs RGAGX
AWSHX	American Funds Washington Mutual Investors Fund Cl...	Large Cap Blend Equities	38	-5.27%	Jul 31, 1952	DWGAX vs AWSHX
RERGX	American Funds EuroPacific Growth Fund Class R-6	Foreign Large Cap Equities, Large Cap Growth Equities	57	-5.45%	—	DWGAX vs RERGX
ANCFX	American Funds Fundamental Investors Class A	Large Cap Blend Equities	70	-6.13%	Jan 8, 1978	DWGAX vs ANCFX
ANWPX	American Funds New Perspective Fund Class A	Large Cap Growth Equities, Global Equities	38	-8.14%	Mar 13, 1973	DWGAX vs ANWPX
GFFFX	American Funds The Growth Fund of America	Large Cap Growth Equities	29	-11.18%	Dec 1, 1973	DWGAX vs GFFFX
AMECX	American Funds The Income Fund of America Class A	Diversified Portfolio, Dividend, Actively Managed	81	1.48%	Dec 1, 1973	DWGAX vs AMECX
AMCPX	American Funds AMCAP Fund Class A	Large Cap Growth Equities	23	-11.82%	Jan 5, 1967	DWGAX vs AMCPX

Often Compared With DWGAX

What investors most often compare with DWGAX, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	Inception
VXUS	Vanguard Total International Stock ETF	Foreign Large Cap Equities	86	2.32%	Jan 26, 2011	DWGAX vs VXUS
VOO	Vanguard S&P 500 ETF	S&P 500	65	-4.42%	Sep 7, 2010	DWGAX vs VOO
VTI	Vanguard Total Stock Market ETF	Large Cap Blend Equities	65	-4.01%	Jun 27, 2016	DWGAX vs VTI
SPY	State Street SPDR S&P 500 ETF	S&P 500	64	-4.37%	Jan 22, 1993	DWGAX vs SPY
ANEFX	American Funds The New Economy Fund	Global Equities	75	-8.49%	Nov 30, 1983	DWGAX vs ANEFX
NEWFX	American Funds New World Fund	Emerging Markets Diversified	69	-4.07%	Jun 16, 1999	DWGAX vs NEWFX
IGAAX	American Funds International Growth and Income Fun...	Foreign Large Cap Equities	84	-0.77%	Oct 1, 2008	DWGAX vs IGAAX
LVAZX	LSV Emerging Markets Equity Fund	Emerging Markets Diversified	95	4.90%	Jan 16, 2019	DWGAX vs LVAZX
GMAQX	GMO Emerging Markets ex-China Fund	Emerging Markets Diversified	93	5.07%	Oct 17, 2021	DWGAX vs GMAQX
GLLSX	abrdn Emerging Markets ex-China Fund	Emerging Markets Diversified	95	5.47%	Aug 29, 2000	DWGAX vs GLLSX
TEMZX	Templeton Emerging Markets Small Cap Fund	Emerging Markets Diversified	28	-2.70%	Oct 1, 2006	DWGAX vs TEMZX
VIESX	Virtus KAR Emerging Markets Small-Cap Fund	Emerging Markets Diversified	21	-1.89%	Dec 16, 2013	DWGAX vs VIESX
DRESX	Driehaus Emerging Markets Small Cap Growth Fund	Emerging Markets Diversified	95	4.87%	Aug 21, 2011	DWGAX vs DRESX
TEQLX	TIAA-CREF Emerging Markets Equity Index Fund	Emerging Markets Diversified	83	0.14%	Aug 30, 2010	DWGAX vs TEQLX

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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American Funds Developing World Growth and Income Fund

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