RNWGX Alternatives & Similar Mutual Funds

American Funds New World Fund® Class R-6 (RNWGX) 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 RNWGX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to RNWGX

RNWGX 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	RNWGX vs FPADX
FERGX	Fidelity SAI Emerging Markets Index Fund	0.08%	—	Jan 2016	RNWGX vs FERGX
SSKEX	State Street Emerging Markets Equity Index Fund	0.17%	—	Dec 2015	RNWGX vs SSKEX
FCEEX	Franklin Emerging Market Core Equity (IU) Fund Adv...	0.17%	—	Jul 2019	RNWGX vs FCEEX
EMPTX	UBS Emerging Markets Equity Opportunity Fund	0.19%	—	May 2018	RNWGX vs EMPTX

Best Risk-Adjusted Alternatives to RNWGX

RNWGX has a PortfoliosLab risk / return rank of 49. There are 132 mutual funds in the Emerging Markets Diversified category with higher risk-adjusted ranks, going as high as 94.

Symbol	Name	Risk / Return Rank	AUM	Inception
DEMIX	Delaware Emerging Markets Fund	94	—	Jun 1996	RNWGX vs DEMIX
LZEMX	Lazard Emerging Markets Equity Portfolio	93	—	Jul 1994	RNWGX vs LZEMX
FQEMX	Franklin Templeton SMACS: Series EM	93	—	Nov 2021	RNWGX vs FQEMX
GMAQX	GMO Emerging Markets ex-China Fund	91	—	Oct 2021	RNWGX vs GMAQX
DODEX	Dodge & Cox Emerging Markets Stock Fund	91	—	May 2021	RNWGX vs DODEX

Top Performing RNWGX Alternatives (YTD)

RNWGX is at 13.49% YTD. There are 137 mutual funds in the Emerging Markets Diversified category with higher YTD returns, going as high as 88.77%.

Symbol	Name	YTD Return	AUM	Inception
DEMIX	Delaware Emerging Markets Fund	88.77%	—	Jun 1996	RNWGX vs DEMIX
FQEMX	Franklin Templeton SMACS: Series EM	63.44%	—	Nov 2021	RNWGX vs FQEMX
LCSMX	Martin Currie SMA-Shares Series EM Fund	46.75%	—	Jan 2018	RNWGX vs LCSMX
GMAQX	GMO Emerging Markets ex-China Fund	43.19%	—	Oct 2021	RNWGX vs GMAQX
GTDDX	Invesco EQV Emerging Markets All Cap Fd	37.03%	—	Jan 1994	RNWGX vs GTDDX

Lowest Volatility Alternatives to RNWGX

RNWGX has 16.95% 1-year volatility. There are 30 mutual funds in the Emerging Markets Diversified category with lower 1-year volatility, going as low as 10.56%.

Symbol	Name	Volatility 1Y	AUM	Inception
ESCIX	Ashmore Emerging Markets Small Cap Equity Fund	10.56%	—	Oct 2011	RNWGX vs ESCIX
GQGPX	GQG Partners Emerging Markets Equity Fund	11.42%	—	Dec 2016	RNWGX vs GQGPX
VIESX	Virtus KAR Emerging Markets Small-Cap Fund	11.71%	—	Dec 2013	RNWGX vs VIESX
COBYX	The Cook & Bynum Fund	11.77%	—	Jun 2009	RNWGX vs COBYX
EFEIX	Ashmore Emerging Markets Frontier Equity Fund	12.18%	—	Nov 2013	RNWGX vs EFEIX

Lowest Drawdown Alternatives to RNWGX

RNWGX 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	RNWGX vs ESCIX
WAEMX	Wasatch Emerging Markets Small Cap Fund	-8.76%	—	Sep 2007	RNWGX vs WAEMX
BADEX	BlackRock Defensive Advantage Emerging Markets Fun...	-8.89%	—	Dec 2020	RNWGX vs BADEX
COBYX	The Cook & Bynum Fund	-8.95%	—	Jun 2009	RNWGX vs COBYX
GQGPX	GQG Partners Emerging Markets Equity Fund	-9.12%	—	Dec 2016	RNWGX 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	78	8.72%	—	Jul 1975	RNWGX vs ABALX
AIVSX	American Funds Investment Company of America Class...	Large Cap Blend Equities	37	9.46%	—	Jan 1934	RNWGX vs AIVSX
AWSHX	American Funds Washington Mutual Investors Fund Cl...	Large Cap Blend Equities	38	7.38%	—	Jul 1952	RNWGX vs AWSHX
RGAGX	American Funds The Growth Fund of America Class R-...	Large Cap Growth Equities	22	8.07%	—	Dec 1973	RNWGX vs RGAGX
RERGX	American Funds EUPAC Fund Class R-6	Foreign Large Cap Equities, Large Cap Growth Equities, Actively Managed	38	9.74%	—	May 2009	RNWGX vs RERGX
ANCFX	American Funds Fundamental Investors Class A	Large Cap Blend Equities, Actively Managed	59	13.28%	—	Aug 1978	RNWGX vs ANCFX
ANWPX	American Funds New Perspective Fund Class A	Global Equities, Large Cap Growth Equities, Actively Managed	23	5.92%	—	Mar 1973	RNWGX vs ANWPX
GFFFX	American Funds The Growth Fund of America Class F-...	Large Cap Growth Equities	22	8.00%	—	Dec 1973	RNWGX vs GFFFX
AMECX	American Funds The Income Fund of America Class A	Diversified Portfolio, Dividend	58	6.57%	—	Dec 1973	RNWGX vs AMECX
AMCPX	American Funds AMCAP Fund Class A	Large Cap Growth Equities	19	5.91%	—	Jan 1967	RNWGX vs AMCPX

Often Compared With RNWGX

Investors most often compare RNWGX with FTIHX, VFIAX, FXAIX. These 20 comparison targets span 12 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
FTIHX	Fidelity Total International Index Fund	Foreign Large Cap Equities	57	12.70%	—	Jun 2016	RNWGX vs FTIHX
VFIAX	Vanguard 500 Index Fund Admiral Shares	S&P 500, Large Cap Blend Equities	66	10.86%	1.70T	Nov 2000	RNWGX vs VFIAX
FXAIX	Fidelity 500 Index Fund	S&P 500	66	10.88%	—	Feb 1988	RNWGX vs FXAIX
VTWAX	Vanguard Total World Stock Index Fund Admiral Shar...	Global Equities	64	11.66%	95.30B	Feb 2019	RNWGX vs VTWAX
VTTSX	Vanguard Target Retirement 2060 Fund	Target Retirement Date, Diversified Portfolio	67	10.77%	46.70B	Jan 2012	RNWGX vs VTTSX
GTRAX	PGIM Global Total Return Fund	Global Bonds	6	-0.83%	—	Jul 1986	RNWGX vs GTRAX
VFWAX	Vanguard FTSE All-World ex-US Index Fund Admiral S...	Foreign Large Cap Equities	60	13.12%	94.40B	Sep 2011	RNWGX vs VFWAX
VITSX	Vanguard Total Stock Market Index Fund Institution...	Large Cap Blend Equities	65	11.35%	2.30T	Jul 1997	RNWGX vs VITSX
FNWFX	American Funds New World Fund Class F-3	Emerging Markets Diversified	49	13.50%	—	Jun 1999	RNWGX vs FNWFX
FRVLX	Franklin Small Cap Value Fund	Small Cap Value Equities	48	20.29%	—	Mar 1996	RNWGX vs FRVLX
MINJX	MFS International Intrinsic Value Fund Class R6	Foreign Large Cap Equities	30	5.56%	—	Oct 1995	RNWGX vs MINJX
FIQIX	Fidelity Advisor International Small Cap Fund Clas...	Foreign Small & Mid Cap Equities	21	6.97%	—	Oct 2018	RNWGX vs FIQIX
COSYX	Columbia Overseas Value Fund Institutional 3 Class	Foreign Large Cap Equities	45	6.66%	—	Jul 2015	RNWGX vs COSYX
MDIZX	MFS International Diversification Fund R6	Foreign Large Cap Equities	39	9.11%	—	Oct 2017	RNWGX vs MDIZX
JESIX	John Hancock Variable Insurance Trust Small Cap In...	Small Cap Blend Equities	82	20.03%	—	May 2000	RNWGX vs JESIX
JIREX	JHancock Real Estate Securities Fund	REIT	50	16.09%	—	Oct 2005	RNWGX vs JIREX
FSCCX	Nuveen Small Cap Value Fund	Small Cap Value Equities	32	16.56%	—	Aug 1994	RNWGX vs FSCCX
AAIEX	American Beacon International Equity Fund	Foreign Large Cap Equities	36	8.43%	—	Aug 1991	RNWGX vs AAIEX
MIN	MFS Intermediate Income Trust		44	-1.38%	—	—	RNWGX vs MIN
JNEMX	JPMorgan International Equity Fund Class R6	Foreign Large Cap Equities	22	8.78%	—	Dec 2010	RNWGX vs JNEMX

Compare RNWGX with Any Fund or Stock

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

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Diversifiers

Pair RNWGX with funds that move differently

American Funds New World Fund® Class R-6 alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to RNWGX.

Explore RNWGX Diversifiers

American Funds New World Fund® Class R-6 (RNWGX) Alternatives