FMACX vs. ANWPX

Last updated Jun 26, 2026

FMACX (American Funds AMCAP Fund® Class F-3) and ANWPX (American Funds New Perspective Fund Class A) are both mutual funds - FMACX is a Large Cap Growth Equities fund managed by American Funds, while ANWPX is a Global Equities fund actively managed by American Funds. Over the past 5 years, FMACX returned 8.58%/yr vs 7.71%/yr for ANWPX. Their correlation of 0.94 suggests significant overlap in exposure. FMACX charges 0.34%/yr vs 0.71%/yr for ANWPX.

Performance

FMACX vs. ANWPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Funds AMCAP Fund® Class F-3 (FMACX) and American Funds New Perspective Fund Class A (ANWPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FMACX achieves a 3.57% return, which is significantly lower than ANWPX's 4.50% return.

FMACX

• 1D: 0.49%
• 1M: -1.38%
• YTD: 3.57%
• 6M: 2.54%
• 1Y: 15.40%
• 3Y*: 18.63%
• 5Y*: 8.58%
• 10Y*: —

ANWPX

• 1D: 0.07%
• 1M: -0.90%
• YTD: 4.50%
• 6M: 3.74%
• 1Y: 15.05%
• 3Y*: 17.16%
• 5Y*: 7.71%
• 10Y*: 13.70%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FMACX vs. ANWPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FMACX American Funds AMCAP Fund® Class F-3	3.57%	18.07%	21.49%	31.48%	-28.43%	22.33%	21.81%	26.73%	-4.12%	18.35%
ANWPX American Funds New Perspective Fund Class A	4.50%	21.33%	16.76%	24.63%	-25.92%	17.64%	33.42%	30.10%	-5.99%	23.53%

Correlation

The correlation between FMACX and ANWPX is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (All Time) Calculated using the full available price history since Feb 1, 2017	0.94

The correlation between FMACX and ANWPX has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.

Return for Risk

FMACX vs. ANWPX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FMACX

FMACX Risk / Return Rank: 19
FMACX Sharpe Ratio Rank: 19
FMACX Sortino Ratio Rank: 19
FMACX Omega Ratio Rank: 19
FMACX Calmar Ratio Rank: 16
FMACX Martin Ratio Rank: 21

ANWPX

ANWPX Risk / Return Rank: 21
ANWPX Sharpe Ratio Rank: 20
ANWPX Sortino Ratio Rank: 19
ANWPX Omega Ratio Rank: 21
ANWPX Calmar Ratio Rank: 19
ANWPX Martin Ratio Rank: 27

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FMACX vs. ANWPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Funds AMCAP Fund® Class F-3 (FMACX) and American Funds New Perspective Fund Class A (ANWPX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	FMACX	ANWPX	Difference
Sharpe ratio: Return per unit of total volatility	1.01	1.04	-0.03
Sortino ratio: Return per unit of downside risk	1.47	1.52	-0.05
Omega ratio: Gain probability vs. loss probability	1.19	1.20	-0.01
Calmar ratio: Return relative to maximum drawdown	1.10	1.30	-0.20
Martin ratio: Return relative to average drawdown	4.36	5.36	-1.01

FMACX vs. ANWPX - Sharpe Ratio Comparison

The current FMACX Sharpe Ratio is 1.01, which is comparable to the ANWPX Sharpe Ratio of 1.04. The chart below compares the historical Sharpe Ratios of FMACX and ANWPX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FMACX vs. ANWPX - Drawdown Comparison

The maximum FMACX drawdown since its inception was -36.00%, smaller than the maximum ANWPX drawdown of -52.34%. Use the drawdown chart below to compare losses from any high point for FMACX and ANWPX.

Drawdown Indicators

	FMACX	ANWPX	Difference
Max Drawdown Largest peak-to-trough decline	-36.00%	-52.34%	+16.34%
Max Drawdown (1Y) Largest decline over 1 year	-14.12%	-11.48%	-2.64%
Max Drawdown (3Y) Largest decline over 3 years	-19.69%	-17.93%	-1.76%
Max Drawdown (5Y) Largest decline over 5 years	-36.00%	-34.45%	-1.55%
Max Drawdown (10Y) Largest decline over 10 years	—	-34.45%	—
Current Drawdown Current decline from peak	-3.47%	-2.68%	-0.79%
Average Drawdown Average peak-to-trough decline	-7.31%	-8.10%	+0.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.55%	2.78%	+0.77%

Volatility

FMACX vs. ANWPX - Volatility Comparison

American Funds AMCAP Fund® Class F-3 (FMACX) and American Funds New Perspective Fund Class A (ANWPX) have volatilities of 6.09% and 6.08%, 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.

Volatility by Period

	FMACX	ANWPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.09%	6.08%	+0.01%
Volatility (6M) Calculated over the trailing 6-month period	12.36%	12.04%	+0.32%
Volatility (1Y) Calculated over the trailing 1-year period	15.47%	14.39%	+1.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.39%	17.37%	+2.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.18%	17.81%	+1.37%

FMACX vs. ANWPX - Expense Ratio Comparison

FMACX has a 0.34% expense ratio, which is lower than ANWPX's 0.71% expense ratio.

Dividends

FMACX vs. ANWPX - Dividend Comparison

FMACX's dividend yield for the trailing twelve months is around 12.68%, more than ANWPX's 6.29% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ANWPX American Funds New Perspective Fund Class A	6.29%	6.57%	5.13%	5.36%	4.16%	7.01%	4.13%	3.67%	7.59%	5.50%	3.86%	6.14%
FMACX American Funds AMCAP Fund® Class F-3	12.68%	8.62%	8.39%	3.80%	7.46%	4.50%	4.12%	5.16%	8.13%	5.64%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FMACX and ANWPX in my portfolio?

With a correlation of 0.93, FMACX and ANWPX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, FMACX or ANWPX?

FMACX has higher volatility (6.09%) compared to ANWPX (6.08%). In terms of maximum drawdown, FMACX dropped -36.00% vs ANWPX's -52.34%.

Which has better risk-adjusted returns?

ANWPX currently has the higher Sharpe Ratio (1.04 vs 1.01), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.