Correlation
The correlation between FNWFX and NEWFX 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. NEWFX
Compare and contrast key facts about American Funds New World Fund Class F-3 (FNWFX) and American Funds New World Fund (NEWFX).
FNWFX is managed by American Funds. It was launched on Jun 17, 1999. NEWFX is managed by American Funds. It was launched on Jun 16, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FNWFX or NEWFX.
Performance
FNWFX vs. NEWFX - Performance Comparison
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Key characteristics
FNWFX:
0.54
NEWFX:
0.72
FNWFX:
0.81
NEWFX:
1.06
FNWFX:
1.11
NEWFX:
1.14
FNWFX:
0.32
NEWFX:
0.60
FNWFX:
1.42
NEWFX:
2.37
FNWFX:
5.61%
NEWFX:
4.43%
FNWFX:
15.55%
NEWFX:
15.26%
FNWFX:
-37.51%
NEWFX:
-56.45%
FNWFX:
-8.73%
NEWFX:
-0.26%
Returns By Period
The year-to-date returns for both stocks are quite close, with FNWFX having a 10.56% return and NEWFX slightly lower at 10.37%.
FNWFX
10.56%
4.45%
5.48%
8.33%
7.79%
5.95%
N/A
NEWFX
10.37%
4.42%
8.22%
10.91%
8.80%
7.74%
6.87%
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FNWFX vs. NEWFX - Expense Ratio Comparison
FNWFX has a 0.57% expense ratio, which is lower than NEWFX's 0.96% expense ratio.
Risk-Adjusted Performance
FNWFX vs. NEWFX — Risk-Adjusted Performance Rank
FNWFX
NEWFX
FNWFX vs. NEWFX - 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 American Funds New World Fund (NEWFX). 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. NEWFX - Dividend Comparison
FNWFX's dividend yield for the trailing twelve months is around 3.71%, more than NEWFX's 3.32% 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% |
NEWFX American Funds New World Fund | 3.32% | 3.66% | 2.46% | 0.89% | 6.89% | 0.10% | 3.65% | 2.26% | 1.90% | 0.92% | 0.60% | 5.84% |
Drawdowns
FNWFX vs. NEWFX - Drawdown Comparison
The maximum FNWFX drawdown since its inception was -37.51%, smaller than the maximum NEWFX drawdown of -56.45%. Use the drawdown chart below to compare losses from any high point for FNWFX and NEWFX.
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Volatility
FNWFX vs. NEWFX - Volatility Comparison
American Funds New World Fund Class F-3 (FNWFX) and American Funds New World Fund (NEWFX) have volatilities of 3.23% and 3.25%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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