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 115 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
FCEEX	Franklin Emerging Market Core Equity (IU) Fund Adv...	0.17%	—	Jul 2019	DWGAX vs FCEEX
SSKEX	State Street Emerging Markets Equity Index Fund	0.17%	—	Dec 2015	DWGAX vs SSKEX
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 83. There are 115 mutual funds in the Emerging Markets Diversified category with higher risk-adjusted ranks, going as high as 98.

Symbol	Name	Risk / Return Rank	AUM	Inception
FQEMX	Franklin Templeton SMACS: Series EM	98	—	Nov 2021	DWGAX vs FQEMX
DEMIX	Delaware Emerging Markets Fund	98	—	Jun 1996	DWGAX vs DEMIX
LCSMX	Martin Currie SMA-Shares Series EM Fund	98	—	Jan 2018	DWGAX vs LCSMX
GMAQX	GMO Emerging Markets ex-China Fund	97	—	Oct 2021	DWGAX vs GMAQX
LVAZX	LSV Emerging Markets Equity Fund	97	—	Jan 2019	DWGAX vs LVAZX

Top Performing DWGAX Alternatives (YTD)

DWGAX is at 22.10% YTD. There are 127 mutual funds in the Emerging Markets Diversified category with higher YTD returns, going as high as 112.88%.

Symbol	Name	YTD Return	AUM	Inception
DEMIX	Delaware Emerging Markets Fund	112.88%	—	Jun 1996	DWGAX vs DEMIX
FQEMX	Franklin Templeton SMACS: Series EM	90.39%	—	Nov 2021	DWGAX vs FQEMX
LCSMX	Martin Currie SMA-Shares Series EM Fund	67.99%	—	Jan 2018	DWGAX vs LCSMX
GMAQX	GMO Emerging Markets ex-China Fund	57.96%	—	Oct 2021	DWGAX vs GMAQX
GTDDX	Invesco EQV Emerging Markets All Cap Fd	49.96%	—	Jan 1994	DWGAX vs GTDDX

Lowest Volatility Alternatives to DWGAX

DWGAX has 15.38% 1-year volatility. There are 35 mutual funds in the Emerging Markets Diversified category with lower 1-year volatility, going as low as 10.37%.

Symbol	Name	Volatility 1Y	AUM	Inception
BADEX	BlackRock Defensive Advantage Emerging Markets Fun...	10.37%	—	Dec 2020	DWGAX vs BADEX
VIESX	Virtus KAR Emerging Markets Small-Cap Fund	11.03%	—	Dec 2013	DWGAX vs VIESX
GQGPX	GQG Partners Emerging Markets Equity Fund	11.32%	—	Dec 2016	DWGAX vs GQGPX
ESCIX	Ashmore Emerging Markets Small Cap Equity Fund	11.53%	—	Oct 2011	DWGAX vs ESCIX
EAEMX	Parametric Emerging Markets Fund	11.57%	—	Jun 2006	DWGAX vs EAEMX

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	-7.89%	—	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, RGAGX and span 6 categories.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
ABALX	American Funds American Balanced Fund Class A	Diversified Portfolio	85	9.98%	—	Jul 1975	DWGAX vs ABALX
AIVSX	American Funds Investment Company of America Class...	Large Cap Blend Equities	55	10.91%	—	Jan 1934	DWGAX vs AIVSX
RGAGX	American Funds The Growth Fund of America Class R-...	Large Cap Growth Equities	35	10.24%	—	Dec 1973	DWGAX vs RGAGX
AWSHX	American Funds Washington Mutual Investors Fund Cl...	Large Cap Blend Equities	38	5.89%	—	Jul 1952	DWGAX vs AWSHX
RERGX	American Funds EuroPacific Growth Fund Class R-6	Foreign Large Cap Equities, Large Cap Growth Equities	40	12.33%	—	—	DWGAX vs RERGX
ANCFX	American Funds Fundamental Investors Class A	Large Cap Blend Equities	75	15.14%	—	Jan 1978	DWGAX vs ANCFX
ANWPX	American Funds New Perspective Fund Class A	Large Cap Growth Equities, Global Equities	29	7.38%	—	Mar 1973	DWGAX vs ANWPX
GFFFX	American Funds The Growth Fund of America	Large Cap Growth Equities	34	10.19%	—	Dec 1973	DWGAX vs GFFFX
AMECX	American Funds The Income Fund of America Class A	Diversified Portfolio, Dividend	53	6.34%	—	Dec 1973	DWGAX vs AMECX
AMCPX	American Funds AMCAP Fund Class A	Large Cap Growth Equities	27	6.34%	—	Jan 1967	DWGAX vs AMCPX

Often Compared With DWGAX

Investors most often compare DWGAX with VXUS, ANEFX, SPY. These 19 comparison targets span 5 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
VXUS	Vanguard Total International Stock ETF	Global Equities	60	14.25%	629.30B	Jan 2011	DWGAX vs VXUS
ANEFX	American Funds The New Economy Fund	Global Equities	88	22.90%	—	Nov 1983	DWGAX vs ANEFX
SPY	State Street SPDR S&P 500 ETF	S&P 500	70	10.91%	781.00B	Jan 1993	DWGAX vs SPY
VOO	Vanguard S&P 500 ETF	S&P 500	70	10.91%	1.60T	Sep 2010	DWGAX vs VOO
VTI	Vanguard Total Stock Market ETF	Large Cap Blend Equities	68	11.20%	2.20T	May 2001	DWGAX vs VTI
NEWFX	American Funds New World Fund	Emerging Markets Diversified	65	17.42%	—	Jun 1999	DWGAX vs NEWFX
IGAAX	American Funds International Growth and Income Fun...	Foreign Large Cap Equities	56	13.39%	—	Oct 2008	DWGAX vs IGAAX
TEMZX	Templeton Emerging Markets Small Cap Fund	Emerging Markets Diversified	20	10.49%	—	Oct 2006	DWGAX vs TEMZX
EFEIX	Ashmore Emerging Markets Frontier Equity Fund	Emerging Markets Diversified	22	2.96%	—	Nov 2013	DWGAX vs EFEIX
DRESX	Driehaus Emerging Markets Small Cap Growth Fund	Emerging Markets Diversified	81	20.11%	—	Aug 2011	DWGAX vs DRESX
CEMFX	Cullen Emerging Markets High Dividend Fund	Emerging Markets Diversified	92	28.98%	—	Aug 2012	DWGAX vs CEMFX
EITEX	Parametric Tax-Managed Emerging Markets Fund	Emerging Markets Diversified	78	13.22%	—	Jun 1998	DWGAX vs EITEX
GLLSX	abrdn Emerging Markets ex-China Fund	Emerging Markets Diversified	96	46.58%	—	Aug 2000	DWGAX vs GLLSX
HLFMX	Harding Loevner Frontier Emerging Markets Fund	Emerging Markets Diversified	16	2.80%	—	May 2008	DWGAX vs HLFMX
TEQLX	TIAA-CREF Emerging Markets Equity Index Fund	Emerging Markets Diversified	90	30.13%	—	Aug 2010	DWGAX vs TEQLX
BEMIX	Brandes Emerging Markets Fund	Emerging Markets Diversified	94	25.80%	—	Jan 2011	DWGAX vs BEMIX
DODEX	Dodge & Cox Emerging Markets Stock Fund	Emerging Markets Diversified	94	25.77%	—	May 2021	DWGAX vs DODEX
LZEMX	Lazard Emerging Markets Equity Portfolio	Emerging Markets Diversified	96	26.96%	—	Jul 1994	DWGAX vs LZEMX
PDEZX	PGIM Jennison Emerging Markets Equity Opportunitie...	Emerging Markets Diversified	58	34.32%	—	Sep 2014	DWGAX vs PDEZX

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