BADEX vs. RNWGX
Compare and contrast key facts about BlackRock Defensive Advantage Emerging Markets Fund (BADEX) and American Funds New World Fund® Class R-6 (RNWGX).
BADEX is managed by BlackRock. It was launched on Dec 20, 2020. RNWGX is managed by American Funds. It was launched on Aug 1, 2008.
Performance
BADEX vs. RNWGX - Performance Comparison
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BADEX vs. RNWGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
BADEX BlackRock Defensive Advantage Emerging Markets Fund | -0.28% | 13.95% | 10.15% | 11.67% | -11.34% | 4.49% | 2.32% |
RNWGX American Funds New World Fund® Class R-6 | -3.98% | 28.67% | 6.88% | 16.26% | -21.77% | 5.09% | 1.95% |
Returns By Period
In the year-to-date period, BADEX achieves a -0.28% return, which is significantly higher than RNWGX's -3.98% return.
BADEX
- 1D
- -0.65%
- 1M
- -7.80%
- YTD
- -0.28%
- 6M
- 2.63%
- 1Y
- 10.81%
- 3Y*
- 10.26%
- 5Y*
- 4.56%
- 10Y*
- —
RNWGX
- 1D
- -0.63%
- 1M
- -11.95%
- YTD
- -3.98%
- 6M
- 0.15%
- 1Y
- 21.48%
- 3Y*
- 12.90%
- 5Y*
- 4.60%
- 10Y*
- 9.47%
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BADEX vs. RNWGX - Expense Ratio Comparison
BADEX has a 1.06% expense ratio, which is higher than RNWGX's 0.57% expense ratio.
Return for Risk
BADEX vs. RNWGX — Risk / Return Rank
BADEX
RNWGX
BADEX vs. RNWGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Defensive Advantage Emerging Markets Fund (BADEX) and American Funds New World Fund® Class R-6 (RNWGX). 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.
| BADEX | RNWGX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.07 | 1.35 | -0.28 |
Sortino ratioReturn per unit of downside risk | 1.42 | 1.88 | -0.46 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.27 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.10 | 1.44 | -0.35 |
Martin ratioReturn relative to average drawdown | 4.45 | 6.14 | -1.70 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BADEX | RNWGX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.07 | 1.35 | -0.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.46 | 0.31 | +0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.60 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.45 | +0.09 |
Correlation
The correlation between BADEX and RNWGX is 0.82, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
BADEX vs. RNWGX - Dividend Comparison
BADEX's dividend yield for the trailing twelve months is around 7.54%, more than RNWGX's 6.34% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BADEX BlackRock Defensive Advantage Emerging Markets Fund | 7.54% | 7.52% | 2.27% | 1.92% | 2.43% | 7.54% | 0.03% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
RNWGX American Funds New World Fund® Class R-6 | 6.34% | 6.09% | 4.11% | 2.88% | 1.33% | 7.32% | 0.44% | 4.05% | 2.71% | 2.26% | 1.37% | 1.04% |
Drawdowns
BADEX vs. RNWGX - Drawdown Comparison
The maximum BADEX drawdown since its inception was -21.86%, smaller than the maximum RNWGX drawdown of -33.40%. Use the drawdown chart below to compare losses from any high point for BADEX and RNWGX.
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Drawdown Indicators
| BADEX | RNWGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.86% | -33.40% | +11.54% |
Max Drawdown (1Y)Largest decline over 1 year | -8.89% | -13.00% | +4.11% |
Max Drawdown (5Y)Largest decline over 5 years | -21.86% | -33.40% | +11.54% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.40% | — |
Current DrawdownCurrent decline from peak | -8.89% | -13.00% | +4.11% |
Average DrawdownAverage peak-to-trough decline | -5.77% | -8.12% | +2.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.19% | 3.05% | -0.86% |
Volatility
BADEX vs. RNWGX - Volatility Comparison
The current volatility for BlackRock Defensive Advantage Emerging Markets Fund (BADEX) is 4.93%, while American Funds New World Fund® Class R-6 (RNWGX) has a volatility of 6.38%. This indicates that BADEX experiences smaller price fluctuations and is considered to be less risky than RNWGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BADEX | RNWGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.93% | 6.38% | -1.45% |
Volatility (6M)Calculated over the trailing 6-month period | 7.13% | 10.73% | -3.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.20% | 15.46% | -5.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.96% | 15.13% | -5.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.17% | 15.96% | -5.79% |