CSZIX vs. RNWGX

Last updated Jul 17, 2026

CSZIX (Cohen & Steers Real Estate Securities Fund Class Z) and RNWGX (American Funds New World Fund® Class R-6) are both mutual funds - CSZIX is a REIT fund actively managed by Cohen & Steers, while RNWGX is a Emerging Markets Diversified fund managed by American Funds. Over the past 10 years, CSZIX returned 6.91%/yr vs 10.86%/yr for RNWGX. At a 0.44 correlation, their price movements are largely independent. CSZIX charges 0.75%/yr vs 0.57%/yr for RNWGX.

Performance

CSZIX vs. RNWGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cohen & Steers Real Estate Securities Fund Class Z (CSZIX) and American Funds New World Fund® Class R-6 (RNWGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with CSZIX having a 14.91% return and RNWGX slightly higher at 14.95%. Over the past 10 years, CSZIX has underperformed RNWGX with an annualized return of 6.91%, while RNWGX has yielded a comparatively higher 10.86% annualized return.

CSZIX

• 1D: -0.05%
• 1M: 0.30%
• 6M: 11.57%
• YTD: 14.91%
• 1Y: 14.14%
• 3Y*: 10.08%
• 5Y*: 3.91%
• 10Y*: 6.91%

RNWGX

• 1D: 1.29%
• 1M: -1.63%
• 6M: 10.37%
• YTD: 14.95%
• 1Y: 27.49%
• 3Y*: 17.11%
• 5Y*: 6.92%
• 10Y*: 10.86%

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

CSZIX vs. RNWGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CSZIX Cohen & Steers Real Estate Securities Fund Class Z	14.91%	4.41%	6.81%	13.26%	-26.21%	41.81%	-1.64%	31.95%	-4.17%	8.18%
RNWGX American Funds New World Fund® Class R-6	14.95%	28.67%	6.88%	16.26%	-21.77%	5.09%	25.30%	28.03%	-12.00%	33.07%

Correlation

The correlation between CSZIX and RNWGX is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.12
Correlation (3Y) Calculated over the trailing 3-year period	0.31
Correlation (5Y) Calculated over the trailing 5-year period	0.46
Correlation (10Y) Calculated over the trailing 10-year period	0.43
Correlation (All Time) Calculated using the full available price history since Jan 2, 2015	0.44

Over the past year, the correlation between CSZIX and RNWGX has dropped to 0.12 - well below their long-term average of 0.44, suggesting their price drivers have been diverging.

Return for Risk

CSZIX vs. RNWGX — Risk / Return Rank

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

CSZIX

CSZIX Risk / Return Rank: 28
CSZIX Sharpe Ratio Rank: 25
CSZIX Sortino Ratio Rank: 22
CSZIX Omega Ratio Rank: 23
CSZIX Calmar Ratio Rank: 39
CSZIX Martin Ratio Rank: 32

RNWGX

RNWGX Risk / Return Rank: 51
RNWGX Sharpe Ratio Rank: 53
RNWGX Sortino Ratio Rank: 49
RNWGX Omega Ratio Rank: 56
RNWGX Calmar Ratio Rank: 48
RNWGX Martin Ratio Rank: 50

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.

CSZIX vs. RNWGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cohen & Steers Real Estate Securities Fund Class Z (CSZIX) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	CSZIX	RNWGX	Difference
Sharpe ratio: Return per unit of total volatility	1.11	1.64	-0.53
Sortino ratio: Return per unit of downside risk	1.56	2.25	-0.69
Omega ratio: Gain probability vs. loss probability	1.20	1.31	-0.11
Calmar ratio: Return relative to maximum drawdown	1.94	2.14	-0.20
Martin ratio: Return relative to average drawdown	5.84	8.27	-2.43

CSZIX vs. RNWGX - Sharpe Ratio Comparison

The current CSZIX Sharpe Ratio is 1.11, which is lower than the RNWGX Sharpe Ratio of 1.64. The chart below compares the historical Sharpe Ratios of CSZIX and RNWGX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CSZIX vs. RNWGX - Drawdown Comparison

The maximum CSZIX drawdown since its inception was -42.71%, which is greater than RNWGX's maximum drawdown of -33.40%. Use the drawdown chart below to compare losses from any high point for CSZIX and RNWGX.

Drawdown Indicators

	CSZIX	RNWGX	Difference
Max Drawdown Largest peak-to-trough decline	-42.71%	-33.40%	-9.31%
Max Drawdown (1Y) Largest decline over 1 year	-7.96%	-13.00%	+5.04%
Max Drawdown (3Y) Largest decline over 3 years	-17.17%	-15.00%	-2.17%
Max Drawdown (5Y) Largest decline over 5 years	-33.05%	-33.40%	+0.35%
Max Drawdown (10Y) Largest decline over 10 years	-42.71%	-33.40%	-9.31%
Current Drawdown Current decline from peak	-1.30%	-3.26%	+1.96%
Average Drawdown Average peak-to-trough decline	-8.69%	-8.02%	-0.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.63%	3.35%	-0.72%

Volatility

CSZIX vs. RNWGX - Volatility Comparison

The current volatility for Cohen & Steers Real Estate Securities Fund Class Z (CSZIX) is 4.76%, while American Funds New World Fund® Class R-6 (RNWGX) has a volatility of 6.72%. This indicates that CSZIX 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.

Volatility by Period

	CSZIX	RNWGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.76%	6.72%	-1.96%
Volatility (6M) Calculated over the trailing 6-month period	10.99%	15.17%	-4.18%
Volatility (1Y) Calculated over the trailing 1-year period	13.98%	16.99%	-3.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.75%	15.89%	+2.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.85%	16.24%	+4.61%

CSZIX vs. RNWGX - Expense Ratio Comparison

CSZIX has a 0.75% expense ratio, which is higher than RNWGX's 0.57% expense ratio.

Dividends

CSZIX vs. RNWGX - Dividend Comparison

CSZIX's dividend yield for the trailing twelve months is around 3.29%, less than RNWGX's 5.30% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CSZIX Cohen & Steers Real Estate Securities Fund Class Z	3.29%	3.81%	2.85%	3.00%	7.77%	4.38%	5.47%	7.70%	3.68%	2.60%	5.90%	22.32%
RNWGX American Funds New World Fund® Class R-6	5.30%	6.09%	4.11%	2.88%	1.33%	7.32%	0.44%	4.05%	2.71%	2.26%	1.37%	1.04%

Frequently Asked Questions

Can I hold both CSZIX and RNWGX in my portfolio?

CSZIX and RNWGX have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CSZIX or RNWGX?

RNWGX has higher volatility (6.72%) compared to CSZIX (4.76%). In terms of maximum drawdown, CSZIX dropped -42.71% vs RNWGX's -33.40%.

Which has better risk-adjusted returns?

RNWGX currently has the higher Sharpe Ratio (1.64 vs 1.11), 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.