FNWFX vs. EITEX
Compare and contrast key facts about American Funds New World Fund Class F-3 (FNWFX) and Parametric Tax-Managed Emerging Markets Fund (EITEX).
FNWFX is managed by American Funds. It was launched on Jun 17, 1999. EITEX is managed by BlackRock. It was launched on Jun 29, 1998.
Performance
FNWFX vs. EITEX - Performance Comparison
Loading graphics...
FNWFX vs. EITEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FNWFX American Funds New World Fund Class F-3 | -3.98% | 28.67% | 6.88% | 16.24% | -21.77% | 5.09% | 25.30% | 28.02% | -12.00% | 25.87% |
EITEX Parametric Tax-Managed Emerging Markets Fund | 1.05% | 28.58% | 4.67% | 10.69% | -12.11% | 4.47% | 4.51% | 12.51% | -13.20% | 20.49% |
Returns By Period
In the year-to-date period, FNWFX achieves a -3.98% return, which is significantly lower than EITEX's 1.05% return.
FNWFX
- 1D
- -0.63%
- 1M
- -11.95%
- YTD
- -3.98%
- 6M
- 0.15%
- 1Y
- 21.48%
- 3Y*
- 12.90%
- 5Y*
- 4.60%
- 10Y*
- —
EITEX
- 1D
- -0.37%
- 1M
- -9.31%
- YTD
- 1.05%
- 6M
- 5.36%
- 1Y
- 26.04%
- 3Y*
- 13.39%
- 5Y*
- 6.30%
- 10Y*
- 6.47%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FNWFX vs. EITEX - Expense Ratio Comparison
FNWFX has a 0.57% expense ratio, which is lower than EITEX's 0.96% expense ratio.
Return for Risk
FNWFX vs. EITEX — Risk / Return Rank
FNWFX
EITEX
FNWFX vs. EITEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds New World Fund Class F-3 (FNWFX) and Parametric Tax-Managed Emerging Markets Fund (EITEX). 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.
| FNWFX | EITEX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.35 | 2.09 | -0.74 |
Sortino ratioReturn per unit of downside risk | 1.88 | 2.65 | -0.77 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.42 | -0.15 |
Calmar ratioReturn relative to maximum drawdown | 1.44 | 2.45 | -1.01 |
Martin ratioReturn relative to average drawdown | 6.14 | 9.50 | -3.35 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| FNWFX | EITEX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.35 | 2.09 | -0.74 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.31 | 0.53 | -0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.47 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 0.51 | +0.05 |
Correlation
The correlation between FNWFX and EITEX is 0.88, 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.
Dividends
FNWFX vs. EITEX - Dividend Comparison
FNWFX's dividend yield for the trailing twelve months is around 6.34%, more than EITEX's 4.72% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNWFX American Funds New World Fund Class F-3 | 6.34% | 6.09% | 4.10% | 2.88% | 1.33% | 7.32% | 0.43% | 4.04% | 2.70% | 2.27% | 0.00% | 0.00% |
EITEX Parametric Tax-Managed Emerging Markets Fund | 4.72% | 4.77% | 4.58% | 5.85% | 10.39% | 9.72% | 1.79% | 2.63% | 2.26% | 1.80% | 1.67% | 2.11% |
Drawdowns
FNWFX vs. EITEX - Drawdown Comparison
The maximum FNWFX drawdown since its inception was -33.40%, smaller than the maximum EITEX drawdown of -61.70%. Use the drawdown chart below to compare losses from any high point for FNWFX and EITEX.
Loading graphics...
Drawdown Indicators
| FNWFX | EITEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.40% | -61.70% | +28.30% |
Max Drawdown (1Y)Largest decline over 1 year | -13.00% | -9.88% | -3.12% |
Max Drawdown (5Y)Largest decline over 5 years | -33.40% | -25.99% | -7.41% |
Max Drawdown (10Y)Largest decline over 10 years | — | -43.10% | — |
Current DrawdownCurrent decline from peak | -13.00% | -9.88% | -3.12% |
Average DrawdownAverage peak-to-trough decline | -8.80% | -14.00% | +5.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.05% | 2.55% | +0.50% |
Volatility
FNWFX vs. EITEX - Volatility Comparison
American Funds New World Fund Class F-3 (FNWFX) has a higher volatility of 6.38% compared to Parametric Tax-Managed Emerging Markets Fund (EITEX) at 5.60%. This indicates that FNWFX's price experiences larger fluctuations and is considered to be riskier than EITEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| FNWFX | EITEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.38% | 5.60% | +0.78% |
Volatility (6M)Calculated over the trailing 6-month period | 10.73% | 8.76% | +1.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.45% | 12.26% | +3.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.13% | 12.05% | +3.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.31% | 13.68% | +2.63% |