Correlation
The correlation between NEWFX and MAIIX is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
NEWFX vs. MAIIX
Compare and contrast key facts about American Funds New World Fund (NEWFX) and iShares MSCI EAFE International Index Fund (MAIIX).
NEWFX is managed by American Funds. It was launched on Jun 16, 1999. MAIIX is managed by Blackrock. It was launched on Apr 9, 1997.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NEWFX or MAIIX.
Performance
NEWFX vs. MAIIX - Performance Comparison
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Key characteristics
NEWFX:
0.59
MAIIX:
0.83
NEWFX:
0.89
MAIIX:
1.24
NEWFX:
1.12
MAIIX:
1.17
NEWFX:
0.50
MAIIX:
1.03
NEWFX:
1.96
MAIIX:
3.01
NEWFX:
4.43%
MAIIX:
4.71%
NEWFX:
15.29%
MAIIX:
16.93%
NEWFX:
-56.45%
MAIIX:
-61.06%
NEWFX:
-0.28%
MAIIX:
0.00%
Returns By Period
In the year-to-date period, NEWFX achieves a 10.34% return, which is significantly lower than MAIIX's 18.10% return. Over the past 10 years, NEWFX has outperformed MAIIX with an annualized return of 6.75%, while MAIIX has yielded a comparatively lower 6.10% annualized return.
NEWFX
10.34%
7.63%
8.81%
8.93%
8.82%
8.99%
6.75%
MAIIX
18.10%
6.25%
16.81%
13.87%
11.67%
11.58%
6.10%
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NEWFX vs. MAIIX - Expense Ratio Comparison
NEWFX has a 0.96% expense ratio, which is higher than MAIIX's 0.09% expense ratio.
Risk-Adjusted Performance
NEWFX vs. MAIIX — Risk-Adjusted Performance Rank
NEWFX
MAIIX
NEWFX vs. MAIIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds New World Fund (NEWFX) and iShares MSCI EAFE International Index Fund (MAIIX). 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.
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Dividends
NEWFX vs. MAIIX - Dividend Comparison
NEWFX's dividend yield for the trailing twelve months is around 3.32%, more than MAIIX's 2.87% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NEWFX American Funds New World Fund | 3.32% | 3.66% | 2.46% | 0.89% | 6.89% | 0.10% | 3.65% | 2.26% | 1.89% | 0.92% | 0.60% | 5.84% |
MAIIX iShares MSCI EAFE International Index Fund | 2.87% | 3.38% | 3.16% | 2.76% | 3.00% | 1.95% | 3.29% | 4.53% | 2.42% | 2.81% | 2.40% | 0.80% |
Drawdowns
NEWFX vs. MAIIX - Drawdown Comparison
The maximum NEWFX drawdown since its inception was -56.45%, smaller than the maximum MAIIX drawdown of -61.06%. Use the drawdown chart below to compare losses from any high point for NEWFX and MAIIX.
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Volatility
NEWFX vs. MAIIX - Volatility Comparison
American Funds New World Fund (NEWFX) and iShares MSCI EAFE International Index Fund (MAIIX) have volatilities of 3.01% and 2.98%, 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.
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