Correlation
The correlation between FKIDX and FNWFX is 0.79, 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.
FKIDX vs. FNWFX
Compare and contrast key facts about Fidelity Diversified International K6 Fund (FKIDX) and American Funds New World Fund Class F-3 (FNWFX).
FKIDX is managed by Fidelity. It was launched on May 25, 2017. FNWFX is managed by American Funds. It was launched on Jun 17, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FKIDX or FNWFX.
Performance
FKIDX vs. FNWFX - Performance Comparison
Loading data...
Key characteristics
FKIDX:
0.74
FNWFX:
0.49
FKIDX:
1.01
FNWFX:
0.62
FKIDX:
1.14
FNWFX:
1.08
FKIDX:
0.84
FNWFX:
0.23
FKIDX:
2.78
FNWFX:
1.02
FKIDX:
4.35%
FNWFX:
5.61%
FKIDX:
18.60%
FNWFX:
15.51%
FKIDX:
-35.00%
FNWFX:
-37.51%
FKIDX:
-0.85%
FNWFX:
-9.41%
Returns By Period
In the year-to-date period, FKIDX achieves a 15.25% return, which is significantly higher than FNWFX's 9.74% return.
FKIDX
15.25%
3.36%
11.50%
12.63%
10.97%
9.98%
N/A
FNWFX
9.74%
3.68%
5.28%
7.53%
7.46%
6.82%
N/A
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FKIDX vs. FNWFX - Expense Ratio Comparison
FKIDX has a 0.60% expense ratio, which is higher than FNWFX's 0.57% expense ratio.
Risk-Adjusted Performance
FKIDX vs. FNWFX — Risk-Adjusted Performance Rank
FKIDX
FNWFX
FKIDX vs. FNWFX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Diversified International K6 Fund (FKIDX) and American Funds New World Fund Class F-3 (FNWFX). 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.
Loading data...
Dividends
FKIDX vs. FNWFX - Dividend Comparison
FKIDX's dividend yield for the trailing twelve months is around 1.92%, less than FNWFX's 3.74% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
FKIDX Fidelity Diversified International K6 Fund | 1.92% | 2.22% | 1.55% | 0.84% | 0.97% | 0.61% | 2.46% | 1.38% | 0.19% |
FNWFX American Funds New World Fund Class F-3 | 3.74% | 4.10% | 2.88% | 1.33% | 7.32% | 0.43% | 4.04% | 2.70% | 2.27% |
Drawdowns
FKIDX vs. FNWFX - Drawdown Comparison
The maximum FKIDX drawdown since its inception was -35.00%, smaller than the maximum FNWFX drawdown of -37.51%. Use the drawdown chart below to compare losses from any high point for FKIDX and FNWFX.
Loading data...
Volatility
FKIDX vs. FNWFX - Volatility Comparison
Fidelity Diversified International K6 Fund (FKIDX) and American Funds New World Fund Class F-3 (FNWFX) have volatilities of 3.19% and 3.21%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading data...