FNWFX Alternatives & Similar Mutual Funds

American Funds New World Fund Class F-3 (FNWFX) 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 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 29 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	FNWFX vs FEMSX
FHKFX	Fidelity Series Emerging Markets Fund	0.01%	—	Aug 2018	FNWFX vs FHKFX
VEMIX	Vanguard Emerging Markets Stock Index Fund Institu...	0.06%	—	Jun 2000	FNWFX vs VEMIX
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

Best Risk-Adjusted Alternatives to FNWFX

FNWFX has a PortfoliosLab risk / return rank of 55. There are 126 mutual funds in the Emerging Markets Equities category with higher risk-adjusted ranks, going as high as 94.

Symbol	Name	Risk / Return Rank	AUM	Inception
LZEMX	Lazard Emerging Markets Equity Portfolio	94	—	Jul 1994	FNWFX vs LZEMX
RLEMX	Lazard Emerging Markets Equity Portfolio Class R6	94	—	—	FNWFX vs RLEMX
ESCIX	Ashmore Emerging Markets Small Cap Equity Fund	92	—	Oct 2011	FNWFX vs ESCIX
DEMIX	Delaware Emerging Markets Fund	91	—	Jun 1996	FNWFX vs DEMIX
DEMAX	Nomura Emerging Markets Fund Class A	91	—	Jun 1996	FNWFX vs DEMAX

Top Performing FNWFX Alternatives (YTD)

FNWFX is at 11.86% YTD. There are 160 mutual funds in the Emerging Markets Equities category with higher YTD returns, going as high as 68.59%.

Symbol	Name	YTD Return	AUM	Inception
DEMIX	Delaware Emerging Markets Fund	68.59%	—	Jun 1996	FNWFX vs DEMIX
DEMAX	Nomura Emerging Markets Fund Class A	68.34%	—	Jun 1996	FNWFX vs DEMAX
DEMCX	Nomura Emerging Markets Fund Class C	67.60%	—	Jun 1996	FNWFX vs DEMCX
FQEMX	Franklin Templeton SMACS: Series EM	50.59%	—	Nov 2021	FNWFX vs FQEMX
GMAQX	GMO Emerging Markets ex-China Fund	37.39%	—	Oct 2021	FNWFX vs GMAQX

Lowest Volatility Alternatives to FNWFX

FNWFX has 17.72% 1-year volatility. There are 47 mutual funds in the Emerging Markets Equities category with lower 1-year volatility, going as low as 9.88%.

Symbol	Name	Volatility 1Y	AUM	Inception
GSIYX	Goldman Sachs GQG Partners International Opportuni...	9.88%	—	Dec 2016	FNWFX vs GSIYX
ESCIX	Ashmore Emerging Markets Small Cap Equity Fund	10.28%	—	Oct 2011	FNWFX vs ESCIX
GQGPX	GQG Partners Emerging Markets Equity Fund	11.51%	—	Dec 2016	FNWFX vs GQGPX
GQGIX	GQG Partners Emerging Markets Equity Fund Institut...	11.53%	—	—	FNWFX vs GQGIX
FGKPX	Fidelity SAI Emerging Markets Low Volatility Index...	11.80%	—	Jan 2019	FNWFX vs FGKPX

Lowest Drawdown Alternatives to FNWFX

FNWFX has a 1-year max drawdown of -13.00%. There are 65 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	FNWFX vs ESCIX
FGKPX	Fidelity SAI Emerging Markets Low Volatility Index...	-6.93%	—	Jan 2019	FNWFX vs FGKPX
GSIYX	Goldman Sachs GQG Partners International Opportuni...	-7.81%	—	Dec 2016	FNWFX vs GSIYX
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

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	79	8.24%	—	Jul 1975	FNWFX vs ABALX
AIVSX	American Funds Investment Company of America Class...	Large Cap Blend Equities	39	8.17%	—	Jan 1934	FNWFX vs AIVSX
AWSHX	American Funds Washington Mutual Investors Fund Cl...	Large Cap Blend Equities	60	9.02%	—	Jul 1952	FNWFX vs AWSHX
RGAGX	American Funds The Growth Fund of America Class R-...	Large Cap Growth Equities	20	4.58%	—	Dec 1973	FNWFX vs RGAGX
RERGX	American Funds EUPAC Fund Class R-6	Foreign Large Cap Equities, Large Cap Growth Equities, Actively Managed	51	9.58%	—	May 2009	FNWFX vs RERGX
ANCFX	American Funds Fundamental Investors Class A	Large Cap Blend Equities, Actively Managed	65	12.13%	—	Aug 1978	FNWFX vs ANCFX
ANWPX	American Funds New Perspective Fund Class A	Global Equities, Large Cap Growth Equities, Actively Managed	24	3.99%	—	Mar 1973	FNWFX vs ANWPX
GFFFX	American Funds The Growth Fund of America Class F-...	Large Cap Growth Equities	19	4.51%	—	Dec 1973	FNWFX vs GFFFX
AMECX	American Funds The Income Fund of America Class A	Diversified Portfolio, Dividend	81	8.47%	—	Dec 1973	FNWFX vs AMECX
AMCPX	American Funds AMCAP Fund Class A	Large Cap Growth Equities	16	2.86%	—	Jan 1967	FNWFX vs AMCPX

Often Compared With FNWFX

Investors most often compare FNWFX with NEWFX, AGDAX, BLPIX. These 20 comparison targets span 12 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
NEWFX	American Funds New World Fund	Emerging Markets Equities	53	11.63%	—	Jun 1999	FNWFX vs NEWFX
AGDAX	AB High Income Fund	High Yield Bonds	68	1.45%	—	Feb 1994	FNWFX vs AGDAX
BLPIX	ProFunds Bull Investor Fund	Leveraged Equities	47	8.23%	—	Nov 1997	FNWFX vs BLPIX
ABTYX	AB High Income Municipal Portfolio	High Yield Muni	74	0.73%	—	Jan 2010	FNWFX vs ABTYX
ACWDX	AMG GW&K Small/Mid Cap Growth Fund	Small Cap Growth Equities	16	14.00%	—	Nov 2010	FNWFX vs ACWDX
DXSLX	Direxion Monthly S&P 500 Bull 1.75X Fund	Leveraged Equities, S&P 500	40	12.36%	—	May 2006	FNWFX vs DXSLX
FSCDX	Fidelity Advisor Small Cap Fund Class A	Small Cap Blend Equities	75	19.71%	—	Sep 1998	FNWFX vs FSCDX
MCSIX	MFS Commodity Strategy Fund	Commodities	73	19.61%	—	Jun 2010	FNWFX vs MCSIX
RYTIX	Rydex Technology Fund	Technology Equities	52	23.01%	—	Apr 1998	FNWFX vs RYTIX
FSCNX	Fidelity Advisor Asset Manager 60% Fund Class C	Diversified Portfolio	63	8.18%	—	Oct 2007	FNWFX vs FSCNX
RNWGX	American Funds New World Fund® Class R-6	Emerging Markets Equities	55	11.86%	—	Aug 2008	FNWFX vs RNWGX
PRMSX	T. Rowe Price Emerging Markets Stock Fund	Emerging Markets Equities	72	18.98%	—	Mar 1995	FNWFX vs PRMSX
FKIDX	Fidelity Diversified International K6 Fund	Foreign Large Cap Equities	45	12.36%	—	May 2017	FNWFX vs FKIDX
DFEVX	DFA Emerging Markets Value Portfolio	Emerging Markets Equities	66	15.08%	14.50B	Mar 1998	FNWFX vs DFEVX
CGIE	Capital Group International Equity ETF	Foreign Large Cap Equities	41	7.13%	2.37B	Sep 2023	FNWFX vs CGIE
ODVIX	Invesco Developing Markets Fund Class R6	Emerging Markets Equities	74	15.60%	—	Dec 2011	FNWFX vs ODVIX
PHYQX	PGIM High Yield Fund Class R6	High Yield Bonds	65	1.16%	—	Oct 2011	FNWFX vs PHYQX
JEMDX	JPMorgan Emerging Markets Debt Fund	Emerging Markets Bonds	68	1.34%	—	Apr 1997	FNWFX vs JEMDX
FCEEX	Franklin Emerging Market Core Equity (IU) Fund Adv...	Emerging Markets Equities	64	17.90%	—	Jul 2019	FNWFX vs FCEEX
VEMAX	Vanguard Emerging Markets Stock Index Fund Admiral...	Emerging Markets Equities	39	7.78%	163.30B	Jun 2006	FNWFX vs VEMAX

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