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.
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.
Performance
FNWFX vs. DXSLX - Performance Comparison
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Key characteristics
FNWFX:
0.54
DXSLX:
0.48
FNWFX:
0.81
DXSLX:
0.94
FNWFX:
1.11
DXSLX:
1.14
FNWFX:
0.32
DXSLX:
0.55
FNWFX:
1.42
DXSLX:
2.00
FNWFX:
5.61%
DXSLX:
8.80%
FNWFX:
15.55%
DXSLX:
35.81%
FNWFX:
-37.51%
DXSLX:
-89.91%
FNWFX:
-8.73%
DXSLX:
-7.20%
Returns By Period
In the year-to-date period, FNWFX achieves a 10.56% return, which is significantly higher than DXSLX's -0.42% return.
FNWFX
10.56%
4.45%
5.48%
8.33%
7.79%
5.95%
N/A
DXSLX
-0.42%
7.42%
-5.50%
17.18%
17.94%
22.17%
18.58%
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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.
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Dividends
FNWFX vs. DXSLX - Dividend Comparison
FNWFX's dividend yield for the trailing twelve months is around 3.71%, less than DXSLX's 12.11% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNWFX American Funds New World Fund Class F-3 | 3.71% | 4.10% | 2.88% | 1.34% | 7.32% | 0.43% | 4.04% | 2.70% | 2.27% | 0.00% | 0.00% | 0.00% |
DXSLX Direxion Monthly S&P 500 Bull 1.75X Fund | 12.11% | 10.57% | 0.00% | 0.00% | 7.89% | 2.42% | 4.40% | 7.21% | 6.99% | 0.00% | 5.14% | 4.06% |
Drawdowns
FNWFX vs. DXSLX - Drawdown Comparison
The maximum FNWFX drawdown since its inception was -37.51%, 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.
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Volatility
FNWFX vs. DXSLX - Volatility Comparison
The current volatility for American Funds New World Fund Class F-3 (FNWFX) is 3.23%, while Direxion Monthly S&P 500 Bull 1.75X Fund (DXSLX) has a volatility of 8.14%. 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.
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