FCEEX vs. RNWGX
Compare and contrast key facts about Franklin Emerging Market Core Equity (IU) Fund Advisor (FCEEX) and American Funds New World Fund® Class R-6 (RNWGX).
FCEEX is managed by Franklin Templeton. It was launched on Jul 31, 2019. RNWGX is managed by American Funds. It was launched on Aug 1, 2008.
Performance
FCEEX vs. RNWGX - Performance Comparison
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FCEEX vs. RNWGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FCEEX Franklin Emerging Market Core Equity (IU) Fund Advisor | 4.40% | 34.81% | 10.51% | 12.52% | -16.96% | -1.29% | 10.19% | 9.77% |
RNWGX American Funds New World Fund® Class R-6 | -1.47% | 28.67% | 6.88% | 16.26% | -21.77% | 5.09% | 25.30% | 8.68% |
Returns By Period
In the year-to-date period, FCEEX achieves a 4.40% return, which is significantly higher than RNWGX's -1.47% return.
FCEEX
- 1D
- 2.54%
- 1M
- -8.70%
- YTD
- 4.40%
- 6M
- 7.60%
- 1Y
- 34.25%
- 3Y*
- 18.70%
- 5Y*
- 6.00%
- 10Y*
- —
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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FCEEX vs. RNWGX - Expense Ratio Comparison
FCEEX has a 0.17% expense ratio, which is lower than RNWGX's 0.57% expense ratio.
Return for Risk
FCEEX vs. RNWGX — Risk / Return Rank
FCEEX
RNWGX
FCEEX vs. RNWGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Emerging Market Core Equity (IU) Fund Advisor (FCEEX) 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.
| FCEEX | RNWGX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.99 | 1.59 | +0.41 |
Sortino ratioReturn per unit of downside risk | 2.56 | 2.19 | +0.37 |
Omega ratioGain probability vs. loss probability | 1.38 | 1.32 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 2.51 | 1.83 | +0.68 |
Martin ratioReturn relative to average drawdown | 10.02 | 7.62 | +2.39 |
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
| FCEEX | RNWGX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.99 | 1.59 | +0.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | 0.32 | +0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.61 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.46 | +0.03 |
Correlation
The correlation between FCEEX and RNWGX is 0.88, 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
FCEEX vs. RNWGX - Dividend Comparison
FCEEX's dividend yield for the trailing twelve months is around 3.15%, less than RNWGX's 6.18% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCEEX Franklin Emerging Market Core Equity (IU) Fund Advisor | 3.15% | 3.29% | 4.17% | 4.36% | 4.08% | 3.38% | 2.98% | 0.40% | 0.00% | 0.00% | 0.00% | 0.00% |
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
FCEEX vs. RNWGX - Drawdown Comparison
The maximum FCEEX drawdown since its inception was -34.68%, roughly equal to the maximum RNWGX drawdown of -33.40%. Use the drawdown chart below to compare losses from any high point for FCEEX and RNWGX.
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Drawdown Indicators
| FCEEX | RNWGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.68% | -33.40% | -1.28% |
Max Drawdown (1Y)Largest decline over 1 year | -12.98% | -13.00% | +0.02% |
Max Drawdown (5Y)Largest decline over 5 years | -33.96% | -33.40% | -0.56% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.40% | — |
Current DrawdownCurrent decline from peak | -10.77% | -10.73% | -0.04% |
Average DrawdownAverage peak-to-trough decline | -11.50% | -8.12% | -3.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.26% | 3.13% | +0.13% |
Volatility
FCEEX vs. RNWGX - Volatility Comparison
Franklin Emerging Market Core Equity (IU) Fund Advisor (FCEEX) has a higher volatility of 8.67% compared to American Funds New World Fund® Class R-6 (RNWGX) at 7.09%. This indicates that FCEEX's price experiences larger fluctuations and is considered to be riskier 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
| FCEEX | RNWGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.67% | 7.09% | +1.58% |
Volatility (6M)Calculated over the trailing 6-month period | 13.44% | 11.01% | +2.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.79% | 15.63% | +2.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.56% | 15.17% | +1.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.18% | 15.98% | +2.20% |