DWGAX Alternatives & Similar Mutual Funds

American Funds Developing World Growth and Income Fund (DWGAX) belongs to the Emerging Markets Equities 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 143 mutual funds in the Emerging Markets Equities category with lower expense ratios, going as low as 0.01%.

Symbol	Name	Expense Ratio	AUM	Inception
FEMSX	Fidelity Series Emerging Markets Opportunities Fun...	0.01%	—	Dec 2008	DWGAX vs FEMSX
FHKFX	Fidelity Series Emerging Markets Fund	0.01%	—	Aug 2018	DWGAX vs FHKFX
VEMIX	Vanguard Emerging Markets Stock Index Fund Institu...	0.06%	—	Jun 2000	DWGAX vs VEMIX
FERGX	Fidelity SAI Emerging Markets Index Fund	0.08%	—	Jan 2016	DWGAX vs FERGX
FPADX	Fidelity Emerging Markets Index Fund	0.08%	—	Sep 2011	DWGAX vs FPADX

Best Risk-Adjusted Alternatives to DWGAX

DWGAX has a PortfoliosLab risk / return rank of 61. There are 117 mutual funds in the Emerging Markets Equities category with higher risk-adjusted ranks, going as high as 96.

Symbol	Name	Risk / Return Rank	AUM	Inception
LZEMX	Lazard Emerging Markets Equity Portfolio	96	—	Jul 1994	DWGAX vs LZEMX
RLEMX	Lazard Emerging Markets Equity Portfolio Class R6	96	—	—	DWGAX vs RLEMX
ESCIX	Ashmore Emerging Markets Small Cap Equity Fund	96	—	Oct 2011	DWGAX vs ESCIX
DEMIX	Delaware Emerging Markets Fund	94	—	Jun 1996	DWGAX vs DEMIX
DEMAX	Nomura Emerging Markets Fund Class A	94	—	Jun 1996	DWGAX vs DEMAX

Top Performing DWGAX Alternatives (YTD)

DWGAX is at 15.24% YTD. There are 156 mutual funds in the Emerging Markets Equities category with higher YTD returns, going as high as 79.82%.

Symbol	Name	YTD Return	AUM	Inception
DEMIX	Delaware Emerging Markets Fund	79.82%	—	Jun 1996	DWGAX vs DEMIX
DEMAX	Nomura Emerging Markets Fund Class A	79.56%	—	Jun 1996	DWGAX vs DEMAX
DEMCX	Nomura Emerging Markets Fund Class C	78.77%	—	Jun 1996	DWGAX vs DEMCX
FQEMX	Franklin Templeton SMACS: Series EM	57.68%	—	Nov 2021	DWGAX vs FQEMX
GMAQX	GMO Emerging Markets ex-China Fund	41.38%	—	Oct 2021	DWGAX vs GMAQX

Lowest Volatility Alternatives to DWGAX

DWGAX has 19.08% 1-year volatility. There are 61 mutual funds in the Emerging Markets Equities category with lower 1-year volatility, going as low as 9.90%.

Symbol	Name	Volatility 1Y	AUM	Inception
GSIYX	Goldman Sachs GQG Partners International Opportuni...	9.90%	—	Dec 2016	DWGAX vs GSIYX
ESCIX	Ashmore Emerging Markets Small Cap Equity Fund	10.04%	—	Oct 2011	DWGAX vs ESCIX
GQGPX	GQG Partners Emerging Markets Equity Fund	11.51%	—	Dec 2016	DWGAX vs GQGPX
GQGIX	GQG Partners Emerging Markets Equity Fund Institut...	11.53%	—	—	DWGAX vs GQGIX
COBYX	The Cook & Bynum Fund	11.73%	—	Jun 2009	DWGAX vs COBYX

Lowest Drawdown Alternatives to DWGAX

DWGAX has a 1-year max drawdown of -13.26%. There are 75 mutual funds in the Emerging Markets Equities 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
FGKPX	Fidelity SAI Emerging Markets Low Volatility Index...	-6.93%	—	Jan 2019	DWGAX vs FGKPX
GSIYX	Goldman Sachs GQG Partners International Opportuni...	-7.81%	—	Dec 2016	DWGAX vs GSIYX
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

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	82	9.07%	—	Jul 1975	DWGAX vs ABALX
AIVSX	American Funds Investment Company of America Class...	Large Cap Blend Equities	54	11.56%	—	Jan 1934	DWGAX vs AIVSX
AWSHX	American Funds Washington Mutual Investors Fund Cl...	Large Cap Blend Equities	67	9.80%	—	Jul 1952	DWGAX vs AWSHX
RGAGX	American Funds The Growth Fund of America Class R-...	Large Cap Growth Equities	26	7.56%	—	Dec 1973	DWGAX vs RGAGX
RERGX	American Funds EUPAC Fund Class R-6	Foreign Large Cap Equities, Large Cap Growth Equities, Actively Managed	48	10.14%	—	May 2009	DWGAX vs RERGX
ANCFX	American Funds Fundamental Investors Class A	Large Cap Blend Equities, Actively Managed	74	14.46%	—	Aug 1978	DWGAX vs ANCFX
ANWPX	American Funds New Perspective Fund Class A	Global Equities, Large Cap Growth Equities, Actively Managed	28	5.57%	—	Mar 1973	DWGAX vs ANWPX
GFFFX	American Funds The Growth Fund of America Class F-...	Large Cap Growth Equities	26	7.49%	—	Dec 1973	DWGAX vs GFFFX
AMECX	American Funds The Income Fund of America Class A	Diversified Portfolio, Dividend	82	8.47%	—	Dec 1973	DWGAX vs AMECX
AMCPX	American Funds AMCAP Fund Class A	Large Cap Growth Equities	26	6.84%	—	Jan 1967	DWGAX vs AMCPX

Often Compared With DWGAX

Investors most often compare DWGAX with VXUS, ANEFX, LVAZX. 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	66	15.23%	651.00B	Jan 2011	DWGAX vs VXUS
ANEFX	American Funds The New Economy Fund Class A	Global Equities, Actively Managed	75	16.34%	—	Dec 1983	DWGAX vs ANEFX
LVAZX	LSV Emerging Markets Equity Fund	Emerging Markets Equities	90	26.90%	—	Jan 2019	DWGAX vs LVAZX
SPY	State Street SPDR S&P 500 ETF	S&P 500	72	13.71%	789.06B	Jan 1993	DWGAX vs SPY
VTI	Vanguard Total Stock Market ETF	Large Cap Blend Equities	72	14.27%	2.30T	May 2001	DWGAX vs VTI
VOO	Vanguard S&P 500 ETF	S&P 500	72	13.74%	1.70T	Sep 2010	DWGAX vs VOO
IGAAX	American Funds International Growth and Income Fun...	Foreign Large Cap Equities	73	12.40%	—	Oct 2008	DWGAX vs IGAAX
NEWFX	American Funds New World Fund	Emerging Markets Equities	56	13.61%	—	Jun 1999	DWGAX vs NEWFX
TEMZX	Templeton Emerging Markets Small Cap Fund	Emerging Markets Equities	25	10.36%	—	Oct 2006	DWGAX vs TEMZX
VIESX	Virtus KAR Emerging Markets Small-Cap Fund	Emerging Markets Equities	6	2.63%	—	Dec 2013	DWGAX vs VIESX
FCEEX	Franklin Emerging Market Core Equity (IU) Fund Adv...	Emerging Markets Equities	68	20.69%	—	Jul 2019	DWGAX vs FCEEX
EMPTX	UBS Emerging Markets Equity Opportunity Fund	Emerging Markets Equities	80	21.86%	—	May 2018	DWGAX vs EMPTX
EAEMX	Parametric Emerging Markets Fund	Emerging Markets Equities	62	10.00%	—	Jun 2006	DWGAX vs EAEMX
CEMFX	Cullen Emerging Markets High Dividend Fund	Emerging Markets Equities	80	20.35%	—	Aug 2012	DWGAX vs CEMFX
EFEIX	Ashmore Emerging Markets Frontier Equity Fund	Emerging Markets Equities	25	5.66%	—	Nov 2013	DWGAX vs EFEIX
DRESX	Driehaus Emerging Markets Small Cap Growth Fund	Emerging Markets Equities	26	6.65%	—	Aug 2011	DWGAX vs DRESX
TEQLX	TIAA-CREF Emerging Markets Equity Index Fund	Emerging Markets Equities	62	19.37%	—	Aug 2010	DWGAX vs TEQLX
EITEX	Parametric Tax-Managed Emerging Markets Fund	Emerging Markets Equities	63	10.17%	—	Jun 1998	DWGAX vs EITEX
HLFMX	Harding Loevner Frontier Emerging Markets Fund	Emerging Markets Equities	27	7.50%	—	May 2008	DWGAX vs HLFMX
BEMIX	Brandes Emerging Markets Fund	Emerging Markets Equities	91	23.21%	—	Jan 2011	DWGAX vs BEMIX

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