EITEX vs. RNWGX
Compare and contrast key facts about Parametric Tax-Managed Emerging Markets Fund (EITEX) and American Funds New World Fund® Class R-6 (RNWGX).
EITEX is managed by BlackRock. It was launched on Jun 29, 1998. RNWGX is managed by American Funds. It was launched on Aug 1, 2008.
Performance
EITEX vs. RNWGX - Performance Comparison
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EITEX vs. RNWGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EITEX Parametric Tax-Managed Emerging Markets Fund | 2.90% | 28.58% | 4.67% | 10.69% | -12.11% | 4.47% | 4.51% | 12.51% | -13.20% | 27.10% |
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, EITEX achieves a 2.90% return, which is significantly higher than RNWGX's -1.47% return. Over the past 10 years, EITEX has underperformed RNWGX with an annualized return of 6.66%, while RNWGX has yielded a comparatively higher 9.76% annualized return.
EITEX
- 1D
- 1.83%
- 1M
- -6.28%
- YTD
- 2.90%
- 6M
- 6.86%
- 1Y
- 27.63%
- 3Y*
- 14.08%
- 5Y*
- 6.47%
- 10Y*
- 6.66%
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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EITEX vs. RNWGX - Expense Ratio Comparison
EITEX has a 0.96% expense ratio, which is higher than RNWGX's 0.57% expense ratio.
Return for Risk
EITEX vs. RNWGX — Risk / Return Rank
EITEX
RNWGX
EITEX vs. RNWGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Parametric Tax-Managed Emerging Markets Fund (EITEX) 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.
| EITEX | RNWGX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.31 | 1.59 | +0.72 |
Sortino ratioReturn per unit of downside risk | 2.92 | 2.19 | +0.73 |
Omega ratioGain probability vs. loss probability | 1.47 | 1.32 | +0.15 |
Calmar ratioReturn relative to maximum drawdown | 2.81 | 1.83 | +0.97 |
Martin ratioReturn relative to average drawdown | 10.67 | 7.62 | +3.04 |
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
| EITEX | RNWGX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.31 | 1.59 | +0.72 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.54 | 0.32 | +0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.49 | 0.61 | -0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.46 | +0.06 |
Correlation
The correlation between EITEX 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
EITEX vs. RNWGX - Dividend Comparison
EITEX's dividend yield for the trailing twelve months is around 4.64%, less than RNWGX's 6.18% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EITEX Parametric Tax-Managed Emerging Markets Fund | 4.64% | 4.77% | 4.58% | 5.85% | 10.39% | 9.72% | 1.79% | 2.63% | 2.26% | 1.80% | 1.67% | 2.11% |
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
EITEX vs. RNWGX - Drawdown Comparison
The maximum EITEX drawdown since its inception was -61.70%, which is greater than RNWGX's maximum drawdown of -33.40%. Use the drawdown chart below to compare losses from any high point for EITEX and RNWGX.
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Drawdown Indicators
| EITEX | RNWGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.70% | -33.40% | -28.30% |
Max Drawdown (1Y)Largest decline over 1 year | -9.88% | -13.00% | +3.12% |
Max Drawdown (5Y)Largest decline over 5 years | -25.99% | -33.40% | +7.41% |
Max Drawdown (10Y)Largest decline over 10 years | -43.10% | -33.40% | -9.70% |
Current DrawdownCurrent decline from peak | -8.22% | -10.73% | +2.51% |
Average DrawdownAverage peak-to-trough decline | -14.00% | -8.12% | -5.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.60% | 3.13% | -0.53% |
Volatility
EITEX vs. RNWGX - Volatility Comparison
The current volatility for Parametric Tax-Managed Emerging Markets Fund (EITEX) is 5.94%, while American Funds New World Fund® Class R-6 (RNWGX) has a volatility of 7.09%. This indicates that EITEX 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
| EITEX | 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 | 8.93% | 11.01% | -2.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.36% | 15.63% | -3.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.08% | 15.17% | -3.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.69% | 15.98% | -2.29% |