Correlation
The correlation between FIQIX and RNWGX is 0.71, 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.
FIQIX vs. RNWGX
Compare and contrast key facts about Fidelity Advisor International Small Cap Fund Class Z (FIQIX) and American Funds New World Fund® Class R-6 (RNWGX).
FIQIX is managed by Fidelity. It was launched on Oct 2, 2018. RNWGX is managed by American Funds. It was launched on Aug 1, 2008.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FIQIX or RNWGX.
Performance
FIQIX vs. RNWGX - Performance Comparison
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Key characteristics
FIQIX:
0.80
RNWGX:
0.70
FIQIX:
1.06
RNWGX:
0.89
FIQIX:
1.15
RNWGX:
1.12
FIQIX:
0.80
RNWGX:
0.54
FIQIX:
2.02
RNWGX:
2.01
FIQIX:
5.02%
RNWGX:
4.34%
FIQIX:
13.63%
RNWGX:
15.23%
FIQIX:
-36.61%
RNWGX:
-33.40%
FIQIX:
-0.48%
RNWGX:
-0.71%
Returns By Period
In the year-to-date period, FIQIX achieves a 14.99% return, which is significantly higher than RNWGX's 9.74% return.
FIQIX
14.99%
5.17%
12.86%
10.86%
8.76%
11.86%
N/A
RNWGX
9.74%
5.76%
8.24%
10.57%
8.90%
9.07%
7.11%
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FIQIX vs. RNWGX - Expense Ratio Comparison
FIQIX has a 0.89% expense ratio, which is higher than RNWGX's 0.57% expense ratio.
Risk-Adjusted Performance
FIQIX vs. RNWGX — Risk-Adjusted Performance Rank
FIQIX
RNWGX
FIQIX vs. RNWGX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor International Small Cap Fund Class Z (FIQIX) 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.
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Dividends
FIQIX vs. RNWGX - Dividend Comparison
FIQIX's dividend yield for the trailing twelve months is around 2.37%, less than RNWGX's 3.75% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIQIX Fidelity Advisor International Small Cap Fund Class Z | 2.37% | 2.73% | 1.99% | 0.83% | 7.39% | 0.93% | 2.47% | 6.33% | 0.00% | 0.00% | 0.00% | 0.00% |
RNWGX American Funds New World Fund® Class R-6 | 3.75% | 4.11% | 2.88% | 1.33% | 7.32% | 0.44% | 4.38% | 2.71% | 2.27% | 1.37% | 1.03% | 6.28% |
Drawdowns
FIQIX vs. RNWGX - Drawdown Comparison
The maximum FIQIX drawdown since its inception was -36.61%, which is greater than RNWGX's maximum drawdown of -33.40%. Use the drawdown chart below to compare losses from any high point for FIQIX and RNWGX.
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Volatility
FIQIX vs. RNWGX - Volatility Comparison
The current volatility for Fidelity Advisor International Small Cap Fund Class Z (FIQIX) is 2.36%, while American Funds New World Fund® Class R-6 (RNWGX) has a volatility of 3.22%. This indicates that FIQIX 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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