DWGAX vs. GMAQX
Compare and contrast key facts about American Funds Developing World Growth and Income Fund (DWGAX) and GMO Emerging Markets ex-China Fund (GMAQX).
DWGAX is managed by American Funds. It was launched on Feb 2, 2014. GMAQX is managed by GMO. It was launched on Oct 17, 2021.
Performance
DWGAX vs. GMAQX - Performance Comparison
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DWGAX vs. GMAQX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
DWGAX American Funds Developing World Growth and Income Fund | 0.86% | 34.25% | 3.57% | 11.28% | -23.47% | -4.22% |
GMAQX GMO Emerging Markets ex-China Fund | 8.07% | 32.09% | 0.62% | 27.41% | -32.38% | 0.47% |
Returns By Period
In the year-to-date period, DWGAX achieves a 0.86% return, which is significantly lower than GMAQX's 8.07% return.
DWGAX
- 1D
- 1.60%
- 1M
- -9.72%
- YTD
- 0.86%
- 6M
- 3.59%
- 1Y
- 28.23%
- 3Y*
- 14.57%
- 5Y*
- 2.85%
- 10Y*
- 6.47%
GMAQX
- 1D
- 2.85%
- 1M
- -9.88%
- YTD
- 8.07%
- 6M
- 17.42%
- 1Y
- 43.23%
- 3Y*
- 20.20%
- 5Y*
- —
- 10Y*
- —
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DWGAX vs. GMAQX - Expense Ratio Comparison
DWGAX has a 1.23% expense ratio, which is higher than GMAQX's 0.67% expense ratio.
Return for Risk
DWGAX vs. GMAQX — Risk / Return Rank
DWGAX
GMAQX
DWGAX vs. GMAQX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds Developing World Growth and Income Fund (DWGAX) and GMO Emerging Markets ex-China Fund (GMAQX). 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.
| DWGAX | GMAQX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.81 | 2.61 | -0.80 |
Sortino ratioReturn per unit of downside risk | 2.34 | 3.15 | -0.81 |
Omega ratioGain probability vs. loss probability | 1.36 | 1.49 | -0.13 |
Calmar ratioReturn relative to maximum drawdown | 2.15 | 3.19 | -1.04 |
Martin ratioReturn relative to average drawdown | 8.65 | 12.47 | -3.82 |
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
| DWGAX | GMAQX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.81 | 2.61 | -0.80 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.18 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.40 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.26 | 0.32 | -0.05 |
Correlation
The correlation between DWGAX and GMAQX is 0.81, 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
DWGAX vs. GMAQX - Dividend Comparison
DWGAX's dividend yield for the trailing twelve months is around 1.99%, less than GMAQX's 8.72% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DWGAX American Funds Developing World Growth and Income Fund | 1.99% | 1.87% | 1.12% | 1.63% | 1.09% | 1.01% | 1.46% | 1.81% | 2.28% | 2.02% | 2.01% | 2.05% |
GMAQX GMO Emerging Markets ex-China Fund | 8.72% | 9.43% | 32.28% | 6.76% | 4.94% | 0.66% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
DWGAX vs. GMAQX - Drawdown Comparison
The maximum DWGAX drawdown since its inception was -38.71%, smaller than the maximum GMAQX drawdown of -41.97%. Use the drawdown chart below to compare losses from any high point for DWGAX and GMAQX.
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Drawdown Indicators
| DWGAX | GMAQX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.71% | -41.97% | +3.26% |
Max Drawdown (1Y)Largest decline over 1 year | -13.26% | -13.77% | +0.51% |
Max Drawdown (5Y)Largest decline over 5 years | -38.35% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -38.71% | — | — |
Current DrawdownCurrent decline from peak | -11.87% | -11.31% | -0.56% |
Average DrawdownAverage peak-to-trough decline | -14.08% | -17.30% | +3.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.29% | 3.52% | -0.23% |
Volatility
DWGAX vs. GMAQX - Volatility Comparison
The current volatility for American Funds Developing World Growth and Income Fund (DWGAX) is 7.17%, while GMO Emerging Markets ex-China Fund (GMAQX) has a volatility of 9.28%. This indicates that DWGAX experiences smaller price fluctuations and is considered to be less risky than GMAQX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DWGAX | GMAQX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.17% | 9.28% | -2.11% |
Volatility (6M)Calculated over the trailing 6-month period | 11.49% | 13.14% | -1.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.29% | 17.16% | -0.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.95% | 15.97% | -0.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.30% | 15.97% | +0.33% |