GTDDX vs. FNWFX

Last updated Jun 5, 2026

GTDDX (Invesco EQV Emerging Markets All Cap Fd) and FNWFX (American Funds New World Fund Class F-3) are both Emerging Markets Diversified funds. Over the past 5 years, GTDDX returned 8.55%/yr vs 7.05%/yr for FNWFX. Their correlation of 0.87 suggests significant overlap in exposure. GTDDX charges 1.39%/yr vs 0.57%/yr for FNWFX.

Performance

GTDDX vs. FNWFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco EQV Emerging Markets All Cap Fd (GTDDX) and American Funds New World Fund Class F-3 (FNWFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GTDDX achieves a 48.07% return, which is significantly higher than FNWFX's 16.74% return.

GTDDX

• 1D: -1.26%
• 1M: 17.95%
• YTD: 48.07%
• 6M: 52.83%
• 1Y: 75.00%
• 3Y*: 24.35%
• 5Y*: 8.55%
• 10Y*: 10.32%

FNWFX

• 1D: -0.73%
• 1M: 5.68%
• YTD: 16.74%
• 6M: 18.20%
• 1Y: 34.79%
• 3Y*: 19.65%
• 5Y*: 7.05%
• 10Y*: —

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

GTDDX vs. FNWFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GTDDX Invesco EQV Emerging Markets All Cap Fd	48.07%	29.88%	-0.66%	8.82%	-17.70%	-7.00%	17.19%	29.99%	-18.77%	23.26%
FNWFX American Funds New World Fund Class F-3	16.74%	28.67%	6.88%	16.24%	-21.77%	5.09%	25.30%	28.02%	-12.00%	25.87%

Correlation

The correlation between GTDDX and FNWFX is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.88
Correlation (3Y) Calculated over the trailing 3-year period	0.87
Correlation (5Y) Calculated over the trailing 5-year period	0.86
Correlation (All Time) Calculated using the full available price history since Feb 2, 2017	0.87

The correlation between GTDDX and FNWFX has been stable across timeframes, ranging from 0.86 to 0.88 - a consistent structural relationship.

Return for Risk

GTDDX vs. FNWFX — Risk / Return Rank

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

GTDDX

GTDDX Risk / Return Rank: 95
GTDDX Sharpe Ratio Rank: 98
GTDDX Sortino Ratio Rank: 94
GTDDX Omega Ratio Rank: 93
GTDDX Calmar Ratio Rank: 94
GTDDX Martin Ratio Rank: 95

FNWFX

FNWFX Risk / Return Rank: 62
FNWFX Sharpe Ratio Rank: 70
FNWFX Sortino Ratio Rank: 66
FNWFX Omega Ratio Rank: 68
FNWFX Calmar Ratio Rank: 52
FNWFX Martin Ratio Rank: 57

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.

GTDDX vs. FNWFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco EQV Emerging Markets All Cap Fd (GTDDX) and American Funds New World Fund Class F-3 (FNWFX). 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.

	GTDDX	FNWFX	Difference
Sharpe ratio: Return per unit of total volatility	4.01	2.44	+1.57
Sortino ratio: Return per unit of downside risk	4.86	3.41	+1.45
Omega ratio: Gain probability vs. loss probability	1.72	1.46	+0.26
Calmar ratio: Return relative to maximum drawdown	5.35	2.76	+2.59
Martin ratio: Return relative to average drawdown	21.28	11.36	+9.92
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GTDDX vs. FNWFX - Sharpe Ratio Comparison

The current GTDDX Sharpe Ratio is 4.01, which is higher than the FNWFX Sharpe Ratio of 2.44. The chart below compares the historical Sharpe Ratios of GTDDX and FNWFX, 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

	GTDDX	FNWFX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.01	2.44	+1.57
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.52	0.46	+0.07
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.61	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.35	0.69	-0.34

Drawdowns

GTDDX vs. FNWFX - Drawdown Comparison

The maximum GTDDX drawdown since its inception was -62.89%, which is greater than FNWFX's maximum drawdown of -33.40%. Use the drawdown chart below to compare losses from any high point for GTDDX and FNWFX.

Drawdown Indicators

	GTDDX	FNWFX	Difference
Max Drawdown Largest peak-to-trough decline	-62.89%	-33.40%	-29.49%
Max Drawdown (1Y) Largest decline over 1 year	-14.49%	-13.00%	-1.49%
Max Drawdown (3Y) Largest decline over 3 years	-16.08%	-15.00%	-1.08%
Max Drawdown (5Y) Largest decline over 5 years	-37.56%	-33.40%	-4.16%
Max Drawdown (10Y) Largest decline over 10 years	-39.58%	—	—
Current Drawdown Current decline from peak	-1.26%	-0.73%	-0.53%
Average Drawdown Average peak-to-trough decline	-18.75%	-8.68%	-10.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.63%	3.16%	+0.47%

Volatility

GTDDX vs. FNWFX - Volatility Comparison

Invesco EQV Emerging Markets All Cap Fd (GTDDX) has a higher volatility of 8.20% compared to American Funds New World Fund Class F-3 (FNWFX) at 5.56%. This indicates that GTDDX's price experiences larger fluctuations and is considered to be riskier than FNWFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GTDDX	FNWFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.20%	5.56%	+2.64%
Volatility (6M) Calculated over the trailing 6-month period	16.79%	12.53%	+4.26%
Volatility (1Y) Calculated over the trailing 1-year period	19.34%	14.73%	+4.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.39%	15.42%	+0.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.91%	16.40%	+0.51%

GTDDX vs. FNWFX - Expense Ratio Comparison

GTDDX has a 1.39% expense ratio, which is higher than FNWFX's 0.57% expense ratio.

Dividends

GTDDX vs. FNWFX - Dividend Comparison

GTDDX's dividend yield for the trailing twelve months is around 14.27%, more than FNWFX's 5.21% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FNWFX American Funds New World Fund Class F-3	5.21%	6.09%	4.10%	2.88%	1.33%	7.32%	0.43%	4.04%	2.70%	2.27%	0.00%	0.00%
GTDDX Invesco EQV Emerging Markets All Cap Fd	14.27%	21.13%	1.16%	1.51%	1.17%	4.46%	5.05%	1.49%	1.53%	0.71%	0.86%	0.99%

Frequently Asked Questions

Can I hold both GTDDX and FNWFX in my portfolio?

GTDDX and FNWFX have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GTDDX or FNWFX?

GTDDX has higher volatility (8.20%) compared to FNWFX (5.56%). In terms of maximum drawdown, GTDDX dropped -62.89% vs FNWFX's -33.40%.

Which has better risk-adjusted returns?

GTDDX currently has the higher Sharpe Ratio (4.01 vs 2.44), 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.