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.
Key characteristics
| NEWFX | FNWFX | |
|---|---|---|
| YTD Return | 8.69% | 9.00% |
| 1Y Return | 13.83% | 14.78% |
| 3Y Return (Ann) | -2.03% | -1.41% |
| 5Y Return (Ann) | 6.65% | 7.21% |
| Sharpe Ratio | 1.26 | 1.21 |
| Daily Std Dev | 11.43% | 12.23% |
| Max Drawdown | -56.09% | -33.40% |
| Current Drawdown | -7.73% | -6.60% |
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
The year-to-date returns for both investments are quite close, with NEWFX having a 8.69% return and FNWFX slightly higher at 9.00%. 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. 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
NEWFX's dividend yield for the trailing twelve months is around 2.26%, less than FNWFX's 2.64% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NEWFX American Funds New World Fund | 2.26% | 2.46% | 0.89% | 6.89% | 0.10% | 3.65% | 2.26% | 1.90% | 0.92% | 0.60% | 6.75% | 2.97% |
FNWFX American Funds New World Fund Class F-3 | 2.64% | 2.88% | 1.33% | 7.32% | 0.43% | 4.04% | 2.70% | 2.27% | 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
American Funds New World Fund (NEWFX) and American Funds New World Fund Class F-3 (FNWFX) have volatilities of 3.95% and 3.95%, 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.