FNWFX vs. AGDAX
Compare and contrast key facts about American Funds New World Fund Class F-3 (FNWFX) and AB High Income Fund (AGDAX).
FNWFX is managed by American Funds. It was launched on Jun 17, 1999. AGDAX is managed by AllianceBernstein. It was launched on Feb 25, 1994.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FNWFX or AGDAX.
Key characteristics
| FNWFX | AGDAX | |
|---|---|---|
| YTD Return | 9.29% | 7.19% |
| 1Y Return | 15.93% | 14.52% |
| 3Y Return (Ann) | -1.32% | 2.69% |
| 5Y Return (Ann) | 7.22% | 3.81% |
| Sharpe Ratio | 1.27 | 3.33 |
| Daily Std Dev | 12.21% | 4.31% |
| Max Drawdown | -33.40% | -52.86% |
| Current Drawdown | -6.35% | 0.00% |
Correlation
The correlation between FNWFX and AGDAX is 0.50, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
FNWFX vs. AGDAX - Performance Comparison
In the year-to-date period, FNWFX achieves a 9.29% return, which is significantly higher than AGDAX's 7.19% 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. AGDAX - Expense Ratio Comparison
FNWFX has a 0.57% expense ratio, which is lower than AGDAX's 0.84% expense ratio.
Risk-Adjusted Performance
FNWFX vs. AGDAX - 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 Fund (AGDAX). 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. AGDAX - Dividend Comparison
FNWFX's dividend yield for the trailing twelve months is around 2.63%, less than AGDAX's 7.15% 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% |
AGDAX AB High Income Fund | 7.15% | 7.17% | 7.52% | 5.99% | 5.91% | 6.27% | 6.95% | 5.84% | 6.25% | 7.43% | 8.21% | 7.10% |
Drawdowns
FNWFX vs. AGDAX - Drawdown Comparison
The maximum FNWFX drawdown since its inception was -33.40%, smaller than the maximum AGDAX drawdown of -52.86%. Use the drawdown chart below to compare losses from any high point for FNWFX and AGDAX. For additional features, visit the drawdowns tool.
Volatility
FNWFX vs. AGDAX - Volatility Comparison
American Funds New World Fund Class F-3 (FNWFX) has a higher volatility of 3.61% compared to AB High Income Fund (AGDAX) at 0.79%. This indicates that FNWFX's price experiences larger fluctuations and is considered to be riskier than AGDAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.