ANWFX vs. AIVSX

Last updated Jun 5, 2026

ANWFX (American Funds New Perspective Fund Class F-2) and AIVSX (American Funds Investment Company of America Class A) are both mutual funds - ANWFX is a Global Equities fund tracking the MSCI All Country World Index (ACWI), while AIVSX is a Large Cap Blend Equities fund managed by American Funds. Over the past 10 years, ANWFX returned 13.64%/yr vs 14.19%/yr for AIVSX. Their correlation of 0.93 suggests significant overlap in exposure. ANWFX charges 0.51%/yr vs 0.57%/yr for AIVSX.

Performance

ANWFX vs. AIVSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Funds New Perspective Fund Class F-2 (ANWFX) and American Funds Investment Company of America Class A (AIVSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ANWFX achieves a 6.82% return, which is significantly lower than AIVSX's 10.14% return. Both investments have delivered pretty close results over the past 10 years, with ANWFX having a 13.64% annualized return and AIVSX not far ahead at 14.19%.

ANWFX

• 1D: -0.58%
• 1M: 4.09%
• YTD: 6.82%
• 6M: 7.73%
• 1Y: 19.42%
• 3Y*: 18.64%
• 5Y*: 8.82%
• 10Y*: 13.64%

AIVSX

• 1D: -0.69%
• 1M: 3.82%
• YTD: 10.14%
• 6M: 10.06%
• 1Y: 25.27%
• 3Y*: 23.93%
• 5Y*: 14.69%
• 10Y*: 14.19%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ANWFX vs. AIVSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ANWFX American Funds New Perspective Fund Class F-2	6.82%	21.60%	16.98%	24.93%	-25.76%	17.88%	33.71%	30.36%	-5.79%	29.13%
AIVSX American Funds Investment Company of America Class A	10.14%	20.47%	24.90%	28.56%	-15.50%	25.10%	14.47%	24.10%	-8.21%	19.54%

Correlation

The correlation between ANWFX and AIVSX is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (10Y) Calculated over the trailing 10-year period	0.92
Correlation (All Time) Calculated using the full available price history since Aug 4, 2008	0.93

The correlation between ANWFX and AIVSX has been stable across timeframes, ranging from 0.92 to 0.94 - a consistent structural relationship.

Return for Risk

ANWFX vs. AIVSX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ANWFX

ANWFX Risk / Return Rank: 29
ANWFX Sharpe Ratio Rank: 30
ANWFX Sortino Ratio Rank: 29
ANWFX Omega Ratio Rank: 30
ANWFX Calmar Ratio Rank: 24
ANWFX Martin Ratio Rank: 34

AIVSX

AIVSX Risk / Return Rank: 49
AIVSX Sharpe Ratio Rank: 49
AIVSX Sortino Ratio Rank: 46
AIVSX Omega Ratio Rank: 48
AIVSX Calmar Ratio Rank: 46
AIVSX Martin Ratio Rank: 58

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ANWFX vs. AIVSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Funds New Perspective Fund Class F-2 (ANWFX) and American Funds Investment Company of America Class A (AIVSX). 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.

	ANWFX	AIVSX	Difference
Sharpe ratio: Return per unit of total volatility	1.50	2.08	-0.58
Sortino ratio: Return per unit of downside risk	2.17	2.87	-0.71
Omega ratio: Gain probability vs. loss probability	1.27	1.38	-0.11
Calmar ratio: Return relative to maximum drawdown	1.76	2.57	-0.81
Martin ratio: Return relative to average drawdown	7.42	11.66	-4.24
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ANWFX vs. AIVSX - Sharpe Ratio Comparison

The current ANWFX Sharpe Ratio is 1.50, which is comparable to the AIVSX Sharpe Ratio of 2.08. The chart below compares the historical Sharpe Ratios of ANWFX and AIVSX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ANWFX	AIVSX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.50	2.08	-0.58
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.52	0.92	-0.41
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.77	0.86	-0.09
Sharpe Ratio (All Time) Calculated using the full available price history	0.52	0.70	-0.18

Drawdowns

ANWFX vs. AIVSX - Drawdown Comparison

The maximum ANWFX drawdown since its inception was -49.65%, roughly equal to the maximum AIVSX drawdown of -50.90%. Use the drawdown chart below to compare losses from any high point for ANWFX and AIVSX.

Drawdown Indicators

	ANWFX	AIVSX	Difference
Max Drawdown Largest peak-to-trough decline	-49.65%	-50.90%	+1.25%
Max Drawdown (1Y) Largest decline over 1 year	-11.46%	-10.08%	-1.38%
Max Drawdown (3Y) Largest decline over 3 years	-17.90%	-17.40%	-0.50%
Max Drawdown (5Y) Largest decline over 5 years	-34.32%	-24.31%	-10.01%
Max Drawdown (10Y) Largest decline over 10 years	-34.32%	-31.09%	-3.23%
Current Drawdown Current decline from peak	-0.58%	-0.69%	+0.11%
Average Drawdown Average peak-to-trough decline	-7.74%	-5.91%	-1.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.71%	2.22%	+0.49%

Volatility

ANWFX vs. AIVSX - Volatility Comparison

American Funds New Perspective Fund Class F-2 (ANWFX) has a higher volatility of 3.98% compared to American Funds Investment Company of America Class A (AIVSX) at 3.36%. This indicates that ANWFX's price experiences larger fluctuations and is considered to be riskier than AIVSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ANWFX	AIVSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.98%	3.36%	+0.62%
Volatility (6M) Calculated over the trailing 6-month period	10.78%	9.69%	+1.09%
Volatility (1Y) Calculated over the trailing 1-year period	13.40%	12.47%	+0.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.20%	16.00%	+1.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.82%	16.58%	+1.24%

ANWFX vs. AIVSX - Expense Ratio Comparison

ANWFX has a 0.51% expense ratio, which is lower than AIVSX's 0.57% expense ratio.

Dividends

ANWFX vs. AIVSX - Dividend Comparison

ANWFX's dividend yield for the trailing twelve months is around 6.38%, less than AIVSX's 9.65% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AIVSX American Funds Investment Company of America Class A	9.65%	10.60%	9.29%	4.96%	6.12%	6.94%	1.65%	6.15%	9.61%	7.08%	5.48%	8.95%
ANWFX American Funds New Perspective Fund Class F-2	6.38%	6.81%	5.38%	5.60%	4.42%	7.25%	4.35%	3.90%	7.88%	5.72%	4.14%	6.39%

Frequently Asked Questions

Can I hold both ANWFX and AIVSX in my portfolio?

With a correlation of 0.93, ANWFX and AIVSX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, ANWFX or AIVSX?

ANWFX has higher volatility (3.98%) compared to AIVSX (3.36%). In terms of maximum drawdown, ANWFX dropped -49.65% vs AIVSX's -50.90%.

Which has better risk-adjusted returns?

AIVSX currently has the higher Sharpe Ratio (2.08 vs 1.50), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.