NEWFX vs. DFCEX
Compare and contrast key facts about American Funds New World Fund (NEWFX) and DFA Emerging Markets Core Equity Fund (DFCEX).
NEWFX is managed by American Funds. It was launched on Jun 16, 1999. DFCEX is managed by Dimensional Fund Advisors LP. It was launched on Apr 4, 2005.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NEWFX or DFCEX.
Key characteristics
| NEWFX | DFCEX | |
|---|---|---|
| YTD Return | 9.32% | 8.63% |
| 1Y Return | 15.35% | 14.86% |
| 3Y Return (Ann) | -1.62% | 1.30% |
| 5Y Return (Ann) | 6.87% | 6.77% |
| 10Y Return (Ann) | 5.84% | 4.01% |
| Sharpe Ratio | 1.31 | 1.21 |
| Daily Std Dev | 11.42% | 12.02% |
| Max Drawdown | -56.09% | -64.58% |
| Current Drawdown | -7.20% | -2.74% |
Correlation
The correlation between NEWFX and DFCEX is 0.90, 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
NEWFX vs. DFCEX - Performance Comparison
In the year-to-date period, NEWFX achieves a 9.32% return, which is significantly higher than DFCEX's 8.63% return. Over the past 10 years, NEWFX has outperformed DFCEX with an annualized return of 5.84%, while DFCEX has yielded a comparatively lower 4.01% 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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NEWFX vs. DFCEX - Expense Ratio Comparison
NEWFX has a 0.96% expense ratio, which is higher than DFCEX's 0.40% expense ratio.
Risk-Adjusted Performance
NEWFX vs. DFCEX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds New World Fund (NEWFX) and DFA Emerging Markets Core Equity Fund (DFCEX). 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
NEWFX vs. DFCEX - Dividend Comparison
NEWFX's dividend yield for the trailing twelve months is around 2.25%, less than DFCEX's 3.04% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NEWFX American Funds New World Fund | 2.25% | 2.46% | 0.89% | 6.89% | 0.10% | 3.65% | 2.26% | 1.90% | 0.92% | 0.60% | 6.75% | 2.97% |
DFCEX DFA Emerging Markets Core Equity Fund | 3.04% | 3.53% | 3.78% | 2.59% | 1.70% | 2.42% | 2.33% | 1.92% | 1.99% | 2.28% | 2.04% | 2.03% |
Drawdowns
NEWFX vs. DFCEX - Drawdown Comparison
The maximum NEWFX drawdown since its inception was -56.09%, smaller than the maximum DFCEX drawdown of -64.58%. Use the drawdown chart below to compare losses from any high point for NEWFX and DFCEX. For additional features, visit the drawdowns tool.
Volatility
NEWFX vs. DFCEX - Volatility Comparison
American Funds New World Fund (NEWFX) and DFA Emerging Markets Core Equity Fund (DFCEX) have volatilities of 3.73% and 3.74%, 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.