NEWFX vs. DODEX
Compare and contrast key facts about American Funds New World Fund (NEWFX) and Dodge & Cox Emerging Markets Stock Fund (DODEX).
NEWFX is managed by American Funds. It was launched on Jun 16, 1999. DODEX is managed by Dodge & Cox. It was launched on May 10, 2021.
Performance
NEWFX vs. DODEX - Performance Comparison
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NEWFX vs. DODEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
NEWFX American Funds New World Fund | -4.07% | 28.16% | 6.45% | 15.75% | -22.08% | -0.64% |
DODEX Dodge & Cox Emerging Markets Stock Fund | 3.84% | 38.64% | 7.47% | 13.37% | -14.91% | -9.57% |
Returns By Period
In the year-to-date period, NEWFX achieves a -4.07% return, which is significantly lower than DODEX's 3.84% return.
NEWFX
- 1D
- -0.63%
- 1M
- -11.97%
- YTD
- -4.07%
- 6M
- -0.04%
- 1Y
- 21.01%
- 3Y*
- 12.44%
- 5Y*
- 4.18%
- 10Y*
- 9.04%
DODEX
- 1D
- -0.65%
- 1M
- -10.12%
- YTD
- 3.84%
- 6M
- 8.44%
- 1Y
- 36.44%
- 3Y*
- 18.51%
- 5Y*
- —
- 10Y*
- —
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NEWFX vs. DODEX - Expense Ratio Comparison
NEWFX has a 0.96% expense ratio, which is higher than DODEX's 0.70% expense ratio.
Return for Risk
NEWFX vs. DODEX — Risk / Return Rank
NEWFX
DODEX
NEWFX vs. DODEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds New World Fund (NEWFX) and Dodge & Cox Emerging Markets Stock Fund (DODEX). 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.
| NEWFX | DODEX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.32 | 2.28 | -0.96 |
Sortino ratioReturn per unit of downside risk | 1.84 | 2.84 | -1.00 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.44 | -0.18 |
Calmar ratioReturn relative to maximum drawdown | 1.40 | 2.79 | -1.39 |
Martin ratioReturn relative to average drawdown | 5.98 | 11.14 | -5.16 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| NEWFX | DODEX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.32 | 2.28 | -0.96 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.28 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.38 | +0.10 |
Correlation
The correlation between NEWFX and DODEX is 0.87, 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.
Dividends
NEWFX vs. DODEX - Dividend Comparison
NEWFX's dividend yield for the trailing twelve months is around 5.95%, more than DODEX's 2.72% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NEWFX American Funds New World Fund | 5.95% | 5.71% | 3.66% | 2.46% | 0.89% | 6.89% | 0.10% | 3.65% | 2.26% | 1.90% | 0.92% | 0.60% |
DODEX Dodge & Cox Emerging Markets Stock Fund | 2.72% | 2.83% | 1.94% | 1.92% | 1.93% | 1.38% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
NEWFX vs. DODEX - Drawdown Comparison
The maximum NEWFX drawdown since its inception was -56.71%, which is greater than DODEX's maximum drawdown of -37.01%. Use the drawdown chart below to compare losses from any high point for NEWFX and DODEX.
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Drawdown Indicators
| NEWFX | DODEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.71% | -37.01% | -19.70% |
Max Drawdown (1Y)Largest decline over 1 year | -13.03% | -11.87% | -1.16% |
Max Drawdown (5Y)Largest decline over 5 years | -33.68% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -33.68% | — | — |
Current DrawdownCurrent decline from peak | -13.03% | -10.97% | -2.06% |
Average DrawdownAverage peak-to-trough decline | -11.80% | -13.20% | +1.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.06% | 2.97% | +0.09% |
Volatility
NEWFX vs. DODEX - Volatility Comparison
The current volatility for American Funds New World Fund (NEWFX) is 6.38%, while Dodge & Cox Emerging Markets Stock Fund (DODEX) has a volatility of 7.14%. This indicates that NEWFX experiences smaller price fluctuations and is considered to be less risky than DODEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NEWFX | DODEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.38% | 7.14% | -0.76% |
Volatility (6M)Calculated over the trailing 6-month period | 10.73% | 10.99% | -0.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.46% | 15.57% | -0.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.12% | 16.72% | -1.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.96% | 16.72% | -0.76% |