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.
Key characteristics
FNWFX | DXSLX | |
---|---|---|
YTD Return | 9.00% | 28.28% |
1Y Return | 14.78% | 43.34% |
3Y Return (Ann) | -1.41% | 9.21% |
5Y Return (Ann) | 7.21% | 21.55% |
Sharpe Ratio | 1.21 | 1.89 |
Daily Std Dev | 12.23% | 22.43% |
Max Drawdown | -33.40% | -89.91% |
Current Drawdown | -6.60% | -1.89% |
Correlation
The correlation between FNWFX and DXSLX is 0.82, 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
In the year-to-date period, FNWFX achieves a 9.00% return, which is significantly lower than DXSLX's 28.28% 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. 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 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 2.64%, more than DXSLX's 0.51% yield.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
American Funds New World Fund Class F-3 | 2.64% | 2.88% | 1.33% | 7.32% | 0.43% | 4.04% | 2.70% | 2.27% | 0.00% | 0.00% | 0.00% | 0.00% |
Direxion Monthly S&P 500 Bull 1.75X Fund | 0.51% | 0.00% | 0.00% | 7.89% | 2.42% | 4.41% | 7.21% | 6.99% | 0.00% | 5.14% | 4.06% | 5.23% |
Drawdowns
FNWFX vs. DXSLX - Drawdown Comparison
The maximum FNWFX drawdown since its inception was -33.40%, smaller than the maximum DXSLX drawdown of -89.91%. 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 3.95%, while Direxion Monthly S&P 500 Bull 1.75X Fund (DXSLX) has a volatility of 7.67%. 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.