FWWFX vs. SMCWX
Compare and contrast key facts about Fidelity Worldwide Fund (FWWFX) and American Funds SMALLCAP World Fund Class A (SMCWX).
FWWFX is managed by Fidelity. It was launched on May 30, 1990. SMCWX is managed by American Funds. It was launched on Apr 30, 1990.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FWWFX or SMCWX.
Key characteristics
| FWWFX | SMCWX | |
|---|---|---|
| YTD Return | 31.02% | 6.58% |
| 1Y Return | 39.81% | 22.94% |
| 3Y Return (Ann) | 5.83% | -8.67% |
| 5Y Return (Ann) | 14.89% | 4.26% |
| 10Y Return (Ann) | 12.17% | 4.86% |
| Sharpe Ratio | 2.46 | 1.57 |
| Sortino Ratio | 3.31 | 2.23 |
| Omega Ratio | 1.45 | 1.28 |
| Calmar Ratio | 2.56 | 0.60 |
| Martin Ratio | 14.65 | 8.04 |
| Ulcer Index | 2.74% | 2.86% |
| Daily Std Dev | 16.35% | 14.69% |
| Max Drawdown | -55.76% | -61.27% |
| Current Drawdown | -0.97% | -24.24% |
Correlation
The correlation between FWWFX and SMCWX is 0.85, 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
FWWFX vs. SMCWX - Performance Comparison
In the year-to-date period, FWWFX achieves a 31.02% return, which is significantly higher than SMCWX's 6.58% return. Over the past 10 years, FWWFX has outperformed SMCWX with an annualized return of 12.17%, while SMCWX has yielded a comparatively lower 4.86% annualized 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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FWWFX vs. SMCWX - Expense Ratio Comparison
FWWFX has a 1.00% expense ratio, which is lower than SMCWX's 1.02% expense ratio.
Risk-Adjusted Performance
FWWFX vs. SMCWX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Worldwide Fund (FWWFX) and American Funds SMALLCAP World Fund Class A (SMCWX). 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
FWWFX vs. SMCWX - Dividend Comparison
FWWFX's dividend yield for the trailing twelve months is around 0.72%, more than SMCWX's 0.60% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FWWFX Fidelity Worldwide Fund | 0.72% | 0.94% | 0.84% | 0.45% | 0.05% | 0.63% | 0.37% | 0.66% | 0.90% | 4.60% | 11.54% | 8.74% |
SMCWX American Funds SMALLCAP World Fund Class A | 0.60% | 0.64% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.35% | 0.00% | 10.48% | 4.95% |
Drawdowns
FWWFX vs. SMCWX - Drawdown Comparison
The maximum FWWFX drawdown since its inception was -55.76%, smaller than the maximum SMCWX drawdown of -61.27%. Use the drawdown chart below to compare losses from any high point for FWWFX and SMCWX. For additional features, visit the drawdowns tool.
Volatility
FWWFX vs. SMCWX - Volatility Comparison
Fidelity Worldwide Fund (FWWFX) has a higher volatility of 4.34% compared to American Funds SMALLCAP World Fund Class A (SMCWX) at 3.72%. This indicates that FWWFX's price experiences larger fluctuations and is considered to be riskier than SMCWX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.