ANWFX vs. MDGCX

Last updated Jun 4, 2026

ANWFX (American Funds New Perspective Fund Class F-2) and MDGCX (BlackRock Advantage Global Fund, Inc.) are both Global Equities funds. Over the past 10 years, ANWFX returned 13.71%/yr vs 12.56%/yr for MDGCX. Their correlation of 0.93 suggests significant overlap in exposure. ANWFX charges 0.51%/yr vs 0.96%/yr for MDGCX.

Performance

ANWFX vs. MDGCX - 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 BlackRock Advantage Global Fund, Inc. (MDGCX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ANWFX achieves a 7.45% return, which is significantly lower than MDGCX's 19.80% return. Over the past 10 years, ANWFX has outperformed MDGCX with an annualized return of 13.71%, while MDGCX has yielded a comparatively lower 12.56% annualized return.

ANWFX

• 1D: 0.11%
• 1M: 5.21%
• YTD: 7.45%
• 6M: 8.54%
• 1Y: 20.75%
• 3Y*: 18.87%
• 5Y*: 9.19%
• 10Y*: 13.71%

MDGCX

• 1D: 0.70%
• 1M: 7.14%
• YTD: 19.80%
• 6M: 21.05%
• 1Y: 40.27%
• 3Y*: 22.15%
• 5Y*: 11.84%
• 10Y*: 12.56%

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

ANWFX vs. MDGCX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ANWFX American Funds New Perspective Fund Class F-2	7.45%	21.60%	16.98%	24.93%	-25.76%	17.88%	33.71%	30.36%	-5.79%	29.13%
MDGCX BlackRock Advantage Global Fund, Inc.	19.80%	23.61%	10.87%	22.43%	-17.94%	17.52%	15.61%	25.54%	-11.73%	23.41%

Correlation

The correlation between ANWFX and MDGCX is 0.94, 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	0.94
Correlation (3Y) Calculated over the trailing 3-year period	0.95
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (10Y) Calculated over the trailing 10-year period	0.93
Correlation (All Time) Calculated using the full available price history since Aug 4, 2008	0.93

The correlation between ANWFX and MDGCX has been stable across timeframes, ranging from 0.93 to 0.96 - a consistent structural relationship.

Return for Risk

ANWFX vs. MDGCX — 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: 29
ANWFX Sortino Ratio Rank: 29
ANWFX Omega Ratio Rank: 29
ANWFX Calmar Ratio Rank: 24
ANWFX Martin Ratio Rank: 34

MDGCX

MDGCX Risk / Return Rank: 91
MDGCX Sharpe Ratio Rank: 94
MDGCX Sortino Ratio Rank: 89
MDGCX Omega Ratio Rank: 86
MDGCX Calmar Ratio Rank: 92
MDGCX Martin Ratio Rank: 95

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. MDGCX - 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 BlackRock Advantage Global Fund, Inc. (MDGCX). 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	MDGCX	Difference
Sharpe ratio: Return per unit of total volatility	1.56	3.24	-1.69
Sortino ratio: Return per unit of downside risk	2.24	4.35	-2.12
Omega ratio: Gain probability vs. loss probability	1.29	1.59	-0.31
Calmar ratio: Return relative to maximum drawdown	1.82	5.05	-3.23
Martin ratio: Return relative to average drawdown	7.69	23.35	-15.67
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. MDGCX - Sharpe Ratio Comparison

The current ANWFX Sharpe Ratio is 1.56, which is lower than the MDGCX Sharpe Ratio of 3.24. The chart below compares the historical Sharpe Ratios of ANWFX and MDGCX, 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	MDGCX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.56	3.24	-1.69
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.54	0.74	-0.20
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.77	0.73	+0.04
Sharpe Ratio (All Time) Calculated using the full available price history	0.52	0.66	-0.14

Drawdowns

ANWFX vs. MDGCX - Drawdown Comparison

The maximum ANWFX drawdown since its inception was -49.65%, roughly equal to the maximum MDGCX drawdown of -48.25%. Use the drawdown chart below to compare losses from any high point for ANWFX and MDGCX.

Drawdown Indicators

	ANWFX	MDGCX	Difference
Max Drawdown Largest peak-to-trough decline	-49.65%	-48.25%	-1.40%
Max Drawdown (1Y) Largest decline over 1 year	-11.46%	-8.07%	-3.39%
Max Drawdown (3Y) Largest decline over 3 years	-17.90%	-21.46%	+3.56%
Max Drawdown (5Y) Largest decline over 5 years	-34.32%	-26.68%	-7.64%
Max Drawdown (10Y) Largest decline over 10 years	-34.32%	-34.87%	+0.55%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-7.75%	-9.93%	+2.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.71%	1.74%	+0.97%

Volatility

ANWFX vs. MDGCX - Volatility Comparison

American Funds New Perspective Fund Class F-2 (ANWFX) and BlackRock Advantage Global Fund, Inc. (MDGCX) have volatilities of 3.92% and 3.75%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ANWFX	MDGCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.92%	3.75%	+0.17%
Volatility (6M) Calculated over the trailing 6-month period	10.80%	10.02%	+0.78%
Volatility (1Y) Calculated over the trailing 1-year period	13.40%	12.57%	+0.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.20%	16.15%	+1.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.83%	17.25%	+0.58%

ANWFX vs. MDGCX - Expense Ratio Comparison

ANWFX has a 0.51% expense ratio, which is lower than MDGCX's 0.96% expense ratio.

Dividends

ANWFX vs. MDGCX - Dividend Comparison

ANWFX's dividend yield for the trailing twelve months is around 6.34%, less than MDGCX's 7.44% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ANWFX American Funds New Perspective Fund Class F-2	6.34%	6.81%	5.38%	5.60%	4.42%	7.25%	4.35%	3.90%	7.88%	5.72%	4.14%	6.39%
MDGCX BlackRock Advantage Global Fund, Inc.	7.44%	8.91%	7.78%	1.42%	1.75%	16.75%	3.77%	1.73%	4.06%	34.82%	0.65%	5.18%

Frequently Asked Questions

Can I hold both ANWFX and MDGCX in my portfolio?

With a correlation of 0.94, ANWFX and MDGCX 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 MDGCX?

ANWFX has higher volatility (3.92%) compared to MDGCX (3.75%). In terms of maximum drawdown, ANWFX dropped -49.65% vs MDGCX's -48.25%.

Which has better risk-adjusted returns?

MDGCX currently has the higher Sharpe Ratio (3.24 vs 1.56), 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.