FNWFX Alternatives & Similar Mutual Funds

American Funds New World Fund Class F-3 (FNWFX) 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 FNWFX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to FNWFX

FNWFX charges 0.57% annually. There are 21 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	FNWFX vs FPADX
FERGX	Fidelity SAI Emerging Markets Index Fund	0.08%	—	Jan 2016	FNWFX vs FERGX
FCEEX	Franklin Emerging Market Core Equity (IU) Fund Adv...	0.17%	—	Jul 2019	FNWFX vs FCEEX
SSKEX	State Street Emerging Markets Equity Index Fund	0.17%	—	Dec 2015	FNWFX vs SSKEX
TEQLX	TIAA-CREF Emerging Markets Equity Index Fund	0.19%	—	Aug 2010	FNWFX vs TEQLX

Best Risk-Adjusted Alternatives to FNWFX

FNWFX has a PortfoliosLab risk / return rank of 69. There are 135 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
DEMIX	Delaware Emerging Markets Fund	98	—	Jun 1996	FNWFX vs DEMIX
FQEMX	Franklin Templeton SMACS: Series EM	98	—	Nov 2021	FNWFX vs FQEMX
LCSMX	Martin Currie SMA-Shares Series EM Fund	97	—	Jan 2018	FNWFX vs LCSMX
GMAQX	GMO Emerging Markets ex-China Fund	96	—	Oct 2021	FNWFX vs GMAQX
LVAZX	LSV Emerging Markets Equity Fund	96	—	Jan 2019	FNWFX vs LVAZX

Top Performing FNWFX Alternatives (YTD)

FNWFX is at 18.82% YTD. There are 137 mutual funds in the Emerging Markets Diversified category with higher YTD returns, going as high as 145.11%.

Symbol	Name	YTD Return	AUM	Inception
DEMIX	Delaware Emerging Markets Fund	145.11%	—	Jun 1996	FNWFX vs DEMIX
FQEMX	Franklin Templeton SMACS: Series EM	92.59%	—	Nov 2021	FNWFX vs FQEMX
LCSMX	Martin Currie SMA-Shares Series EM Fund	72.12%	—	Jan 2018	FNWFX vs LCSMX
GMAQX	GMO Emerging Markets ex-China Fund	53.39%	—	Oct 2021	FNWFX vs GMAQX
GLLSX	abrdn Emerging Markets ex-China Fund	49.19%	—	Aug 2000	FNWFX vs GLLSX

Lowest Volatility Alternatives to FNWFX

FNWFX has 16.21% 1-year volatility. There are 28 mutual funds in the Emerging Markets Diversified category with lower 1-year volatility, going as low as 11.24%.

Symbol	Name	Volatility 1Y	AUM	Inception
ESCIX	Ashmore Emerging Markets Small Cap Equity Fund	11.24%	—	Oct 2011	FNWFX vs ESCIX
VIESX	Virtus KAR Emerging Markets Small-Cap Fund	11.47%	—	Dec 2013	FNWFX vs VIESX
GQGPX	GQG Partners Emerging Markets Equity Fund	11.51%	—	Dec 2016	FNWFX vs GQGPX
BADEX	BlackRock Defensive Advantage Emerging Markets Fun...	11.61%	—	Dec 2020	FNWFX vs BADEX
COBYX	The Cook & Bynum Fund	11.91%	—	Jun 2009	FNWFX vs COBYX

Lowest Drawdown Alternatives to FNWFX

FNWFX has a 1-year max drawdown of -13.00%. There are 69 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	FNWFX vs ESCIX
WAEMX	Wasatch Emerging Markets Small Cap Fund	-7.89%	—	Sep 2007	FNWFX vs WAEMX
BADEX	BlackRock Defensive Advantage Emerging Markets Fun...	-8.89%	—	Dec 2020	FNWFX vs BADEX
COBYX	The Cook & Bynum Fund	-8.95%	—	Jun 2009	FNWFX vs COBYX
GQGPX	GQG Partners Emerging Markets Equity Fund	-9.12%	—	Dec 2016	FNWFX 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	82	9.39%	—	Jul 1975	FNWFX vs ABALX
AIVSX	American Funds Investment Company of America Class...	Large Cap Blend Equities	45	8.86%	—	Jan 1934	FNWFX vs AIVSX
AWSHX	American Funds Washington Mutual Investors Fund Cl...	Large Cap Blend Equities	38	5.48%	—	Jul 1952	FNWFX vs AWSHX
RGAGX	American Funds The Growth Fund of America Class R-...	Large Cap Growth Equities	30	8.89%	—	Dec 1973	FNWFX vs RGAGX
RERGX	American Funds EUPAC Fund Class R-6	Foreign Large Cap Equities, Large Cap Growth Equities, Actively Managed	48	13.57%	—	May 2009	FNWFX vs RERGX
ANCFX	American Funds Fundamental Investors Class A	Large Cap Blend Equities, Actively Managed	68	14.25%	—	Aug 1978	FNWFX vs ANCFX
ANWPX	American Funds New Perspective Fund Class A	Global Equities, Large Cap Growth Equities, Actively Managed	28	6.46%	—	Mar 1973	FNWFX vs ANWPX
GFFFX	American Funds The Growth Fund of America Class F-...	Large Cap Growth Equities	30	8.83%	—	Dec 1973	FNWFX vs GFFFX
AMECX	American Funds The Income Fund of America Class A	Diversified Portfolio, Dividend	48	5.72%	—	Dec 1973	FNWFX vs AMECX
AMCPX	American Funds AMCAP Fund Class A	Large Cap Growth Equities	21	4.20%	—	Jan 1967	FNWFX vs AMCPX

Often Compared With FNWFX

Investors most often compare FNWFX with NEWFX, AGDAX, ABTYX. These 20 comparison targets span 13 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
NEWFX	American Funds New World Fund	Emerging Markets Diversified	68	18.61%	—	Jun 1999	FNWFX vs NEWFX
AGDAX	AB High Income Fund	High Yield Bonds	69	1.78%	—	Feb 1994	FNWFX vs AGDAX
ABTYX	AB High Income Municipal Portfolio	High Yield Muni	62	2.42%	—	Jan 2010	FNWFX vs ABTYX
BLPIX	ProFunds Bull Investor Fund	Leveraged Equities	54	8.89%	—	Nov 1997	FNWFX vs BLPIX
ACWDX	AMG GW&K Small/Mid Cap Growth Fund	Small Cap Growth Equities	18	18.69%	—	Nov 2010	FNWFX vs ACWDX
FSCDX	Fidelity Advisor Small Cap Fund Class A	Small Cap Blend Equities	77	23.93%	—	Sep 1998	FNWFX vs FSCDX
DXSLX	Direxion Monthly S&P 500 Bull 1.75X Fund	Leveraged Equities, S&P 500	49	13.76%	—	May 2006	FNWFX vs DXSLX
MCSIX	MFS Commodity Strategy Fund	Commodities	35	15.47%	—	Jun 2010	FNWFX vs MCSIX
FSCNX	Fidelity Advisor Asset Manager 60% Fund Class C	Diversified Portfolio	68	9.80%	—	Oct 2007	FNWFX vs FSCNX
RYTIX	Rydex Technology Fund	Technology Equities	75	33.76%	—	Apr 1998	FNWFX vs RYTIX
RNWGX	American Funds New World Fund® Class R-6	Emerging Markets Diversified	70	18.83%	—	Aug 2008	FNWFX vs RNWGX
PRMSX	T. Rowe Price Emerging Markets Stock Fund	Emerging Markets Diversified	90	33.65%	—	Mar 1995	FNWFX vs PRMSX
FKIDX	Fidelity Diversified International K6 Fund	Foreign Large Cap Equities	39	15.29%	—	May 2017	FNWFX vs FKIDX
DFEVX	DFA Emerging Markets Value Portfolio	Emerging Markets Diversified	88	24.53%	—	Mar 1998	FNWFX vs DFEVX
ODVIX	Invesco Developing Markets Fund Class R6	Emerging Markets Equities	75	19.69%	—	Dec 2011	FNWFX vs ODVIX
PHYQX	PGIM High Yield Fund Class R6	High Yield Bonds	69	1.64%	—	Oct 2011	FNWFX vs PHYQX
CGIE	Capital Group International Equity ETF	Foreign Large Cap Equities	26	4.37%	2.32B	Sep 2023	FNWFX vs CGIE
VEMAX	Vanguard Emerging Markets Stock Index Fund Admiral...	Emerging Markets Equities	58	13.77%	162.80B	Jun 2006	FNWFX vs VEMAX
JEMDX	JPMorgan Emerging Markets Debt Fund	Emerging Markets Bonds	80	3.06%	—	Apr 1997	FNWFX vs JEMDX
CEMFX	Cullen Emerging Markets High Dividend Fund	Emerging Markets Diversified	89	25.52%	—	Aug 2012	FNWFX vs CEMFX

Compare FNWFX with Any Fund or Stock

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

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Diversifiers

Pair FNWFX with funds that move differently

American Funds New World Fund Class F-3 alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FNWFX.

Explore FNWFX Diversifiers

American Funds New World Fund Class F-3 (FNWFX) Alternatives