AGDAX vs. FNWFX
Compare and contrast key facts about AB High Income Fund (AGDAX) and American Funds New World Fund Class F-3 (FNWFX).
AGDAX is managed by AllianceBernstein. It was launched on Feb 25, 1994. FNWFX is managed by American Funds. It was launched on Jun 17, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AGDAX or FNWFX.
Key characteristics
| AGDAX | FNWFX | |
|---|---|---|
| YTD Return | 1.87% | 5.49% |
| 1Y Return | 12.66% | 14.66% |
| 3Y Return (Ann) | 1.94% | -1.02% |
| 5Y Return (Ann) | 3.30% | 6.63% |
| Sharpe Ratio | 2.65 | 1.23 |
| Daily Std Dev | 4.71% | 11.79% |
| Max Drawdown | -52.87% | -33.40% |
| Current Drawdown | 0.00% | -9.60% |
Correlation
The correlation between AGDAX and FNWFX is 0.50, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
AGDAX vs. FNWFX - Performance Comparison
In the year-to-date period, AGDAX achieves a 1.87% return, which is significantly lower than FNWFX's 5.49% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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AGDAX vs. FNWFX - Expense Ratio Comparison
AGDAX has a 0.84% expense ratio, which is higher than FNWFX's 0.57% expense ratio.
Risk-Adjusted Performance
AGDAX vs. FNWFX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AB High Income Fund (AGDAX) and American Funds New World Fund Class F-3 (FNWFX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
AGDAX vs. FNWFX - Dividend Comparison
AGDAX's dividend yield for the trailing twelve months is around 7.26%, more than FNWFX's 2.73% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AGDAX AB High Income Fund | 7.26% | 7.17% | 7.52% | 5.99% | 5.91% | 6.27% | 6.95% | 5.84% | 6.25% | 7.43% | 8.21% | 7.10% |
FNWFX American Funds New World Fund Class F-3 | 2.73% | 2.88% | 1.33% | 7.32% | 0.43% | 4.04% | 2.70% | 2.27% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
AGDAX vs. FNWFX - Drawdown Comparison
The maximum AGDAX drawdown since its inception was -52.87%, which is greater than FNWFX's maximum drawdown of -33.40%. Use the drawdown chart below to compare losses from any high point for AGDAX and FNWFX. For additional features, visit the drawdowns tool.
Volatility
AGDAX vs. FNWFX - Volatility Comparison
The current volatility for AB High Income Fund (AGDAX) is 1.53%, while American Funds New World Fund Class F-3 (FNWFX) has a volatility of 4.02%. This indicates that AGDAX experiences smaller price fluctuations and is considered to be less risky than FNWFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.