Correlation
The correlation between NEWFX and SMCWX is 0.74, 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.
NEWFX vs. SMCWX
Compare and contrast key facts about American Funds New World Fund (NEWFX) and American Funds SMALLCAP World Fund Class A (SMCWX).
NEWFX is managed by American Funds. It was launched on Jun 16, 1999. SMCWX is managed by American Funds. It was launched on Apr 30, 1990.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NEWFX or SMCWX.
Performance
NEWFX vs. SMCWX - Performance Comparison
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Key characteristics
NEWFX:
0.55
SMCWX:
0.10
NEWFX:
0.75
SMCWX:
0.16
NEWFX:
1.10
SMCWX:
1.02
NEWFX:
0.40
SMCWX:
0.01
NEWFX:
1.58
SMCWX:
0.05
NEWFX:
4.44%
SMCWX:
6.51%
NEWFX:
15.25%
SMCWX:
18.56%
NEWFX:
-56.45%
SMCWX:
-61.91%
NEWFX:
-1.22%
SMCWX:
-20.11%
Returns By Period
In the year-to-date period, NEWFX achieves a 9.30% return, which is significantly higher than SMCWX's 0.33% return. Both investments have delivered pretty close results over the past 10 years, with NEWFX having a 6.56% annualized return and SMCWX not far ahead at 6.59%.
NEWFX
9.30%
6.62%
7.49%
7.90%
9.83%
9.43%
6.56%
SMCWX
0.33%
6.46%
-5.21%
0.88%
5.95%
6.39%
6.59%
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NEWFX vs. SMCWX - Expense Ratio Comparison
NEWFX has a 0.96% expense ratio, which is lower than SMCWX's 1.02% expense ratio.
Risk-Adjusted Performance
NEWFX vs. SMCWX — Risk-Adjusted Performance Rank
NEWFX
SMCWX
NEWFX vs. SMCWX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds New World Fund (NEWFX) and American Funds SMALLCAP World Fund Class A (SMCWX). 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. SMCWX - Dividend Comparison
NEWFX's dividend yield for the trailing twelve months is around 3.35%, more than SMCWX's 0.60% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NEWFX American Funds New World Fund | 3.35% | 3.66% | 2.46% | 0.89% | 6.89% | 0.10% | 3.65% | 2.26% | 1.89% | 0.92% | 0.60% | 5.84% |
SMCWX American Funds SMALLCAP World Fund Class A | 0.60% | 0.60% | 0.64% | 0.00% | 9.24% | 1.60% | 4.24% | 7.06% | 4.48% | 0.35% | 6.49% | 10.48% |
Drawdowns
NEWFX vs. SMCWX - Drawdown Comparison
The maximum NEWFX drawdown since its inception was -56.45%, smaller than the maximum SMCWX drawdown of -61.91%. Use the drawdown chart below to compare losses from any high point for NEWFX and SMCWX.
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Volatility
NEWFX vs. SMCWX - Volatility Comparison
The current volatility for American Funds New World Fund (NEWFX) is 2.95%, while American Funds SMALLCAP World Fund Class A (SMCWX) has a volatility of 3.87%. This indicates that NEWFX experiences smaller price fluctuations and is considered to be less risky than SMCWX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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