FNWFX vs. DXSLX
Compare and contrast key facts about American Funds New World Fund Class F-3 (FNWFX) and Direxion Monthly S&P 500 Bull 1.75X Fund (DXSLX).
FNWFX is managed by American Funds. It was launched on Jun 17, 1999. DXSLX is a passively managed fund by Direxion that tracks the performance of the . It was launched on May 1, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FNWFX or DXSLX.
Correlation
The correlation between FNWFX and DXSLX is 0.81, 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
FNWFX vs. DXSLX - Performance Comparison
Key characteristics
FNWFX:
0.60
DXSLX:
0.98
FNWFX:
0.88
DXSLX:
1.34
FNWFX:
1.11
DXSLX:
1.20
FNWFX:
0.36
DXSLX:
1.50
FNWFX:
1.72
DXSLX:
3.94
FNWFX:
4.15%
DXSLX:
6.04%
FNWFX:
11.92%
DXSLX:
24.19%
FNWFX:
-37.51%
DXSLX:
-89.55%
FNWFX:
-13.26%
DXSLX:
-8.75%
Returns By Period
In the year-to-date period, FNWFX achieves a 5.08% return, which is significantly lower than DXSLX's 6.53% return.
FNWFX
5.08%
2.68%
0.70%
7.17%
3.87%
N/A
DXSLX
6.53%
1.72%
5.18%
24.83%
15.22%
14.34%
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FNWFX vs. DXSLX - Expense Ratio Comparison
FNWFX has a 0.57% expense ratio, which is lower than DXSLX's 1.35% expense ratio.
Risk-Adjusted Performance
FNWFX vs. DXSLX — Risk-Adjusted Performance Rank
FNWFX
DXSLX
FNWFX vs. DXSLX - 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 Direxion Monthly S&P 500 Bull 1.75X Fund (DXSLX). 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. DXSLX - Dividend Comparison
FNWFX's dividend yield for the trailing twelve months is around 1.23%, less than DXSLX's 1.72% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
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% |
DXSLX Direxion Monthly S&P 500 Bull 1.75X Fund | 1.72% | 0.52% | 0.00% | 0.00% | 0.00% | 0.69% | 0.00% | 0.01% | 0.00% |
Drawdowns
FNWFX vs. DXSLX - Drawdown Comparison
The maximum FNWFX drawdown since its inception was -37.51%, smaller than the maximum DXSLX drawdown of -89.55%. Use the drawdown chart below to compare losses from any high point for FNWFX and DXSLX. For additional features, visit the drawdowns tool.
Volatility
FNWFX vs. DXSLX - Volatility Comparison
The current volatility for American Funds New World Fund Class F-3 (FNWFX) is 2.96%, while Direxion Monthly S&P 500 Bull 1.75X Fund (DXSLX) has a volatility of 5.16%. This indicates that FNWFX experiences smaller price fluctuations and is considered to be less risky than DXSLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.