FNWFX vs. ABTYX
Compare and contrast key facts about American Funds New World Fund Class F-3 (FNWFX) and AB High Income Municipal Portfolio (ABTYX).
FNWFX is managed by American Funds. It was launched on Jun 17, 1999. ABTYX is managed by AllianceBernstein. It was launched on Jan 25, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FNWFX or ABTYX.
Key characteristics
| FNWFX | ABTYX | |
|---|---|---|
| YTD Return | 9.29% | 6.94% |
| 1Y Return | 15.93% | 14.31% |
| 3Y Return (Ann) | -1.32% | -0.80% |
| 5Y Return (Ann) | 7.22% | 1.89% |
| Sharpe Ratio | 1.27 | 2.29 |
| Daily Std Dev | 12.21% | 6.09% |
| Max Drawdown | -33.40% | -21.13% |
| Current Drawdown | -6.35% | -3.26% |
Correlation
The correlation between FNWFX and ABTYX is 0.05, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
FNWFX vs. ABTYX - Performance Comparison
In the year-to-date period, FNWFX achieves a 9.29% return, which is significantly higher than ABTYX's 6.94% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FNWFX vs. ABTYX - Expense Ratio Comparison
FNWFX has a 0.57% expense ratio, which is higher than ABTYX's 0.53% expense ratio.
Risk-Adjusted Performance
FNWFX vs. ABTYX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds New World Fund Class F-3 (FNWFX) and AB High Income Municipal Portfolio (ABTYX). 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
FNWFX vs. ABTYX - Dividend Comparison
FNWFX's dividend yield for the trailing twelve months is around 2.63%, less than ABTYX's 4.01% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNWFX American Funds New World Fund Class F-3 | 2.63% | 2.88% | 1.33% | 7.32% | 0.43% | 4.04% | 2.70% | 2.27% | 0.00% | 0.00% | 0.00% | 0.00% |
ABTYX AB High Income Municipal Portfolio | 4.01% | 4.13% | 4.30% | 3.31% | 3.73% | 3.94% | 4.60% | 4.18% | 4.47% | 4.69% | 4.98% | 5.68% |
Drawdowns
FNWFX vs. ABTYX - Drawdown Comparison
The maximum FNWFX drawdown since its inception was -33.40%, which is greater than ABTYX's maximum drawdown of -21.13%. Use the drawdown chart below to compare losses from any high point for FNWFX and ABTYX. For additional features, visit the drawdowns tool.
Volatility
FNWFX vs. ABTYX - Volatility Comparison
American Funds New World Fund Class F-3 (FNWFX) has a higher volatility of 3.61% compared to AB High Income Municipal Portfolio (ABTYX) at 0.63%. This indicates that FNWFX's price experiences larger fluctuations and is considered to be riskier than ABTYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.