NEWFX vs. FNWFX
Compare and contrast key facts about American Funds New World Fund (NEWFX) and American Funds New World Fund Class F-3 (FNWFX).
NEWFX is managed by American Funds. It was launched on Jun 16, 1999. FNWFX is managed by American Funds. It was launched on Jun 17, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NEWFX or FNWFX.
Correlation
The correlation between NEWFX and FNWFX is 1.00, 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. FNWFX - Performance Comparison
Key characteristics
NEWFX:
0.49
FNWFX:
0.48
NEWFX:
0.72
FNWFX:
0.71
NEWFX:
1.10
FNWFX:
1.10
NEWFX:
0.33
FNWFX:
0.35
NEWFX:
2.05
FNWFX:
2.05
NEWFX:
2.86%
FNWFX:
2.84%
NEWFX:
12.03%
FNWFX:
12.17%
NEWFX:
-56.09%
FNWFX:
-33.40%
NEWFX:
-12.28%
FNWFX:
-11.49%
Returns By Period
The year-to-date returns for both stocks are quite close, with NEWFX having a 3.33% return and FNWFX slightly lower at 3.29%.
NEWFX
3.33%
-4.18%
-3.69%
4.61%
4.10%
5.90%
FNWFX
3.29%
-4.56%
-3.91%
4.59%
4.43%
N/A
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NEWFX vs. FNWFX - Expense Ratio Comparison
NEWFX has a 0.96% expense ratio, which is higher than FNWFX's 0.57% expense ratio.
Risk-Adjusted Performance
NEWFX vs. FNWFX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds New World Fund (NEWFX) 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.
Dividends
NEWFX vs. FNWFX - Dividend Comparison
Neither NEWFX nor FNWFX has paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NEWFX American Funds New World Fund | 0.00% | 2.46% | 0.89% | 6.89% | 0.10% | 3.65% | 1.02% | 0.94% | 0.92% | 0.60% | 6.75% | 2.97% |
FNWFX American Funds New World Fund Class F-3 | 0.00% | 1.66% | 1.34% | 0.86% | 0.43% | 1.43% | 1.46% | 1.32% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
NEWFX vs. FNWFX - Drawdown Comparison
The maximum NEWFX drawdown since its inception was -56.09%, which is greater than FNWFX's maximum drawdown of -33.40%. Use the drawdown chart below to compare losses from any high point for NEWFX and FNWFX. For additional features, visit the drawdowns tool.
Volatility
NEWFX vs. FNWFX - Volatility Comparison
The current volatility for American Funds New World Fund (NEWFX) is 4.83%, while American Funds New World Fund Class F-3 (FNWFX) has a volatility of 5.16%. This indicates that NEWFX experiences smaller price fluctuations and is considered to be less risky than FNWFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.