FWMIX vs. AWSHX

Last updated Jun 5, 2026

FWMIX (American Funds Washington Mutual F3) and AWSHX (American Funds Washington Mutual Investors Fund Class A) are both mutual funds - FWMIX is a Large Cap Value Equities fund actively managed by American Funds, while AWSHX is a Large Cap Blend Equities fund managed by American Funds. Over the past 5 years, FWMIX returned 12.02%/yr vs 11.69%/yr for AWSHX. With a 1.00 correlation, they move nearly in lockstep. FWMIX charges 0.26%/yr vs 0.58%/yr for AWSHX.

Performance

FWMIX vs. AWSHX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Funds Washington Mutual F3 (FWMIX) and American Funds Washington Mutual Investors Fund Class A (AWSHX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with FWMIX having a 5.54% return and AWSHX slightly lower at 5.43%.

FWMIX

• 1D: -0.45%
• 1M: 1.75%
• YTD: 5.54%
• 6M: 5.80%
• 1Y: 17.43%
• 3Y*: 18.43%
• 5Y*: 12.02%
• 10Y*: —

AWSHX

• 1D: -0.44%
• 1M: 1.74%
• YTD: 5.43%
• 6M: 5.67%
• 1Y: 17.10%
• 3Y*: 18.08%
• 5Y*: 11.69%
• 10Y*: 12.79%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FWMIX vs. AWSHX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FWMIX American Funds Washington Mutual F3	5.54%	17.55%	19.35%	17.58%	-8.17%	28.85%	8.01%	25.14%	-5.90%	19.05%
AWSHX American Funds Washington Mutual Investors Fund Class A	5.43%	17.20%	19.02%	17.21%	-8.45%	28.44%	7.69%	24.86%	-6.16%	18.76%

Correlation

The correlation between FWMIX and AWSHX is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	1.00
Correlation (3Y) Calculated over the trailing 3-year period	1.00
Correlation (5Y) Calculated over the trailing 5-year period	1.00
Correlation (All Time) Calculated using the full available price history since Feb 2, 2017	1.00

The correlation between FWMIX and AWSHX has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.

Return for Risk

FWMIX vs. AWSHX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FWMIX

FWMIX Risk / Return Rank: 37
FWMIX Sharpe Ratio Rank: 36
FWMIX Sortino Ratio Rank: 36
FWMIX Omega Ratio Rank: 36
FWMIX Calmar Ratio Rank: 33
FWMIX Martin Ratio Rank: 44

AWSHX

AWSHX Risk / Return Rank: 34
AWSHX Sharpe Ratio Rank: 33
AWSHX Sortino Ratio Rank: 32
AWSHX Omega Ratio Rank: 32
AWSHX Calmar Ratio Rank: 30
AWSHX Martin Ratio Rank: 41

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FWMIX vs. AWSHX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Funds Washington Mutual F3 (FWMIX) and American Funds Washington Mutual Investors Fund Class A (AWSHX). 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.

	FWMIX	AWSHX	Difference
Sharpe ratio: Return per unit of total volatility	1.70	1.66	+0.03
Sortino ratio: Return per unit of downside risk	2.42	2.38	+0.04
Omega ratio: Gain probability vs. loss probability	1.31	1.30	+0.01
Calmar ratio: Return relative to maximum drawdown	2.09	2.05	+0.05
Martin ratio: Return relative to average drawdown	9.07	8.84	+0.23
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FWMIX vs. AWSHX - Sharpe Ratio Comparison

The current FWMIX Sharpe Ratio is 1.70, which is comparable to the AWSHX Sharpe Ratio of 1.66. The chart below compares the historical Sharpe Ratios of FWMIX and AWSHX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FWMIX	AWSHX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.70	1.66	+0.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.86	0.83	+0.02
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.79	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.78	0.63	+0.15

Drawdowns

FWMIX vs. AWSHX - Drawdown Comparison

The maximum FWMIX drawdown since its inception was -34.65%, smaller than the maximum AWSHX drawdown of -53.95%. Use the drawdown chart below to compare losses from any high point for FWMIX and AWSHX.

Drawdown Indicators

	FWMIX	AWSHX	Difference
Max Drawdown Largest peak-to-trough decline	-34.65%	-53.95%	+19.30%
Max Drawdown (1Y) Largest decline over 1 year	-8.34%	-8.37%	+0.03%
Max Drawdown (3Y) Largest decline over 3 years	-14.63%	-14.66%	+0.03%
Max Drawdown (5Y) Largest decline over 5 years	-18.46%	-18.64%	+0.18%
Max Drawdown (10Y) Largest decline over 10 years	—	-34.65%	—
Current Drawdown Current decline from peak	-0.45%	-0.44%	-0.01%
Average Drawdown Average peak-to-trough decline	-3.66%	-6.41%	+2.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.92%	1.93%	-0.01%

Volatility

FWMIX vs. AWSHX - Volatility Comparison

American Funds Washington Mutual F3 (FWMIX) and American Funds Washington Mutual Investors Fund Class A (AWSHX) have volatilities of 2.37% and 2.38%, 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.

Volatility by Period

	FWMIX	AWSHX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.37%	2.38%	-0.01%
Volatility (6M) Calculated over the trailing 6-month period	7.81%	7.81%	0.00%
Volatility (1Y) Calculated over the trailing 1-year period	10.31%	10.31%	0.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.10%	14.10%	0.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.70%	16.32%	+0.38%

FWMIX vs. AWSHX - Expense Ratio Comparison

FWMIX has a 0.26% expense ratio, which is lower than AWSHX's 0.58% expense ratio.

Dividends

FWMIX vs. AWSHX - Dividend Comparison

FWMIX's dividend yield for the trailing twelve months is around 9.88%, more than AWSHX's 9.59% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AWSHX American Funds Washington Mutual Investors Fund Class A	9.59%	10.08%	10.06%	6.14%	6.31%	6.05%	3.06%	6.19%	4.36%	7.26%	6.37%	6.25%
FWMIX American Funds Washington Mutual F3	9.88%	10.38%	10.37%	6.43%	6.64%	6.34%	3.35%	6.40%	4.67%	7.54%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FWMIX and AWSHX in my portfolio?

With a correlation of 1.00, FWMIX and AWSHX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, FWMIX or AWSHX?

AWSHX has higher volatility (2.38%) compared to FWMIX (2.37%). In terms of maximum drawdown, FWMIX dropped -34.65% vs AWSHX's -53.95%.

Which has better risk-adjusted returns?

FWMIX currently has the higher Sharpe Ratio (1.70 vs 1.66), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.