EAEMX vs. RNWGX
Compare and contrast key facts about Parametric Emerging Markets Fund (EAEMX) and American Funds New World Fund® Class R-6 (RNWGX).
EAEMX is managed by Eaton Vance. It was launched on Jun 29, 2006. RNWGX is managed by American Funds. It was launched on Aug 1, 2008.
Performance
EAEMX vs. RNWGX - Performance Comparison
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EAEMX vs. RNWGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EAEMX Parametric Emerging Markets Fund | 2.89% | 27.16% | 5.39% | 9.46% | -11.27% | 4.19% | 2.65% | 12.32% | -14.02% | 27.03% |
RNWGX American Funds New World Fund® Class R-6 | -1.47% | 28.67% | 6.88% | 16.26% | -21.77% | 5.09% | 25.30% | 28.03% | -12.00% | 33.07% |
Returns By Period
In the year-to-date period, EAEMX achieves a 2.89% return, which is significantly higher than RNWGX's -1.47% return. Over the past 10 years, EAEMX has underperformed RNWGX with an annualized return of 6.23%, while RNWGX has yielded a comparatively higher 9.76% annualized return.
EAEMX
- 1D
- 1.89%
- 1M
- -6.17%
- YTD
- 2.89%
- 6M
- 6.54%
- 1Y
- 26.50%
- 3Y*
- 13.51%
- 5Y*
- 6.33%
- 10Y*
- 6.23%
RNWGX
- 1D
- 2.62%
- 1M
- -8.56%
- YTD
- -1.47%
- 6M
- 2.11%
- 1Y
- 24.01%
- 3Y*
- 13.88%
- 5Y*
- 4.79%
- 10Y*
- 9.76%
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EAEMX vs. RNWGX - Expense Ratio Comparison
EAEMX has a 1.58% expense ratio, which is higher than RNWGX's 0.57% expense ratio.
Return for Risk
EAEMX vs. RNWGX — Risk / Return Rank
EAEMX
RNWGX
EAEMX vs. RNWGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Parametric Emerging Markets Fund (EAEMX) 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.
| EAEMX | RNWGX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.25 | 1.59 | +0.66 |
Sortino ratioReturn per unit of downside risk | 2.86 | 2.19 | +0.67 |
Omega ratioGain probability vs. loss probability | 1.46 | 1.32 | +0.14 |
Calmar ratioReturn relative to maximum drawdown | 2.68 | 1.83 | +0.85 |
Martin ratioReturn relative to average drawdown | 10.25 | 7.62 | +2.63 |
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
| EAEMX | RNWGX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.25 | 1.59 | +0.66 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.56 | 0.32 | +0.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | 0.61 | -0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.28 | 0.46 | -0.19 |
Correlation
The correlation between EAEMX and RNWGX is 0.90, 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
EAEMX vs. RNWGX - Dividend Comparison
EAEMX's dividend yield for the trailing twelve months is around 2.75%, less than RNWGX's 6.18% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EAEMX Parametric Emerging Markets Fund | 2.75% | 2.83% | 3.00% | 2.71% | 4.40% | 1.64% | 1.08% | 2.48% | 2.14% | 2.31% | 1.52% | 1.68% |
RNWGX American Funds New World Fund® Class R-6 | 6.18% | 6.09% | 4.11% | 2.88% | 1.33% | 7.32% | 0.44% | 4.05% | 2.71% | 2.26% | 1.37% | 1.04% |
Drawdowns
EAEMX vs. RNWGX - Drawdown Comparison
The maximum EAEMX drawdown since its inception was -62.70%, which is greater than RNWGX's maximum drawdown of -33.40%. Use the drawdown chart below to compare losses from any high point for EAEMX and RNWGX.
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Drawdown Indicators
| EAEMX | RNWGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.70% | -33.40% | -29.30% |
Max Drawdown (1Y)Largest decline over 1 year | -9.90% | -13.00% | +3.10% |
Max Drawdown (5Y)Largest decline over 5 years | -25.43% | -33.40% | +7.97% |
Max Drawdown (10Y)Largest decline over 10 years | -44.16% | -33.40% | -10.76% |
Current DrawdownCurrent decline from peak | -8.20% | -10.73% | +2.53% |
Average DrawdownAverage peak-to-trough decline | -13.58% | -8.12% | -5.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.59% | 3.13% | -0.54% |
Volatility
EAEMX vs. RNWGX - Volatility Comparison
The current volatility for Parametric Emerging Markets Fund (EAEMX) is 5.94%, while American Funds New World Fund® Class R-6 (RNWGX) has a volatility of 7.09%. This indicates that EAEMX 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
| EAEMX | RNWGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.94% | 7.09% | -1.15% |
Volatility (6M)Calculated over the trailing 6-month period | 8.80% | 11.01% | -2.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.17% | 15.63% | -3.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.42% | 15.17% | -3.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.38% | 15.98% | -2.60% |