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.
Correlation
The correlation between FKIDX and FNWFX is 0.89, 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.
Performance
FKIDX vs. FNWFX - Performance Comparison
Key characteristics
FKIDX:
1.05
FNWFX:
0.72
FKIDX:
1.52
FNWFX:
1.04
FKIDX:
1.18
FNWFX:
1.14
FKIDX:
1.42
FNWFX:
0.43
FKIDX:
3.70
FNWFX:
2.09
FKIDX:
3.92%
FNWFX:
4.11%
FKIDX:
13.76%
FNWFX:
11.93%
FKIDX:
-35.00%
FNWFX:
-37.51%
FKIDX:
-1.41%
FNWFX:
-13.41%
Returns By Period
In the year-to-date period, FKIDX achieves a 7.84% return, which is significantly higher than FNWFX's 4.89% return.
FKIDX
7.84%
6.93%
2.95%
12.04%
6.53%
N/A
FNWFX
4.89%
4.70%
0.85%
7.12%
3.57%
N/A
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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.
Dividends
FKIDX vs. FNWFX - Dividend Comparison
FKIDX's dividend yield for the trailing twelve months is around 2.06%, more than FNWFX's 1.23% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
FKIDX Fidelity Diversified International K6 Fund | 2.06% | 2.22% | 1.55% | 0.84% | 0.97% | 0.61% | 2.19% | 1.38% | 0.15% |
FNWFX American Funds New World Fund Class F-3 | 1.23% | 1.29% | 1.66% | 1.34% | 0.86% | 0.43% | 1.43% | 1.46% | 1.32% |
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. For additional features, visit the drawdowns tool.
Volatility
FKIDX vs. FNWFX - Volatility Comparison
Fidelity Diversified International K6 Fund (FKIDX) has a higher volatility of 3.82% compared to American Funds New World Fund Class F-3 (FNWFX) at 3.10%. This indicates that FKIDX's price experiences larger fluctuations and is considered to be riskier than FNWFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.