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.
Performance
NEWFX vs. SMCWX - Performance Comparison
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NEWFX vs. SMCWX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NEWFX American Funds New World Fund | -1.57% | 28.16% | 6.45% | 15.75% | -22.08% | 4.69% | 24.79% | 27.51% | -12.32% | 32.56% |
SMCWX American Funds SMALLCAP World Fund Class A | -1.05% | 14.07% | 2.33% | 18.86% | -29.90% | 10.14% | 37.46% | 30.79% | -9.75% | 26.85% |
Returns By Period
In the year-to-date period, NEWFX achieves a -1.57% return, which is significantly lower than SMCWX's -1.05% return. Both investments have delivered pretty close results over the past 10 years, with NEWFX having a 9.32% annualized return and SMCWX not far behind at 9.04%.
NEWFX
- 1D
- 2.62%
- 1M
- -8.59%
- YTD
- -1.57%
- 6M
- 1.91%
- 1Y
- 23.53%
- 3Y*
- 13.41%
- 5Y*
- 4.37%
- 10Y*
- 9.32%
SMCWX
- 1D
- 3.47%
- 1M
- -7.83%
- YTD
- -1.05%
- 6M
- 1.11%
- 1Y
- 20.45%
- 3Y*
- 8.86%
- 5Y*
- 0.17%
- 10Y*
- 9.04%
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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.
Return for Risk
NEWFX vs. SMCWX — Risk / Return Rank
NEWFX
SMCWX
NEWFX vs. SMCWX - Risk-Adjusted Trends 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.
| NEWFX | SMCWX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.56 | 1.17 | +0.39 |
Sortino ratioReturn per unit of downside risk | 2.16 | 1.72 | +0.43 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.23 | +0.08 |
Calmar ratioReturn relative to maximum drawdown | 1.79 | 1.66 | +0.13 |
Martin ratioReturn relative to average drawdown | 7.45 | 6.37 | +1.08 |
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 | SMCWX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.56 | 1.17 | +0.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.29 | 0.01 | +0.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | 0.51 | +0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.57 | -0.08 |
Correlation
The correlation between NEWFX and SMCWX is 0.86, 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. SMCWX - Dividend Comparison
NEWFX's dividend yield for the trailing twelve months is around 5.80%, more than SMCWX's 4.90% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NEWFX American Funds New World Fund | 5.80% | 5.71% | 3.66% | 2.46% | 0.89% | 6.89% | 0.10% | 3.65% | 2.26% | 1.90% | 0.92% | 0.60% |
SMCWX American Funds SMALLCAP World Fund Class A | 4.90% | 4.84% | 0.60% | 0.64% | 0.00% | 9.24% | 1.60% | 4.24% | 7.06% | 4.48% | 0.35% | 6.49% |
Drawdowns
NEWFX vs. SMCWX - Drawdown Comparison
The maximum NEWFX drawdown since its inception was -56.71%, smaller than the maximum SMCWX drawdown of -62.46%. Use the drawdown chart below to compare losses from any high point for NEWFX and SMCWX.
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Drawdown Indicators
| NEWFX | SMCWX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.71% | -62.46% | +5.75% |
Max Drawdown (1Y)Largest decline over 1 year | -13.03% | -11.83% | -1.20% |
Max Drawdown (5Y)Largest decline over 5 years | -33.68% | -39.79% | +6.11% |
Max Drawdown (10Y)Largest decline over 10 years | -33.68% | -39.79% | +6.11% |
Current DrawdownCurrent decline from peak | -10.76% | -10.12% | -0.64% |
Average DrawdownAverage peak-to-trough decline | -11.80% | -14.98% | +3.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.14% | 3.08% | +0.06% |
Volatility
NEWFX vs. SMCWX - Volatility Comparison
The current volatility for American Funds New World Fund (NEWFX) is 7.10%, while American Funds SMALLCAP World Fund Class A (SMCWX) has a volatility of 7.62%. 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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Volatility by Period
| NEWFX | SMCWX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.10% | 7.62% | -0.52% |
Volatility (6M)Calculated over the trailing 6-month period | 11.01% | 11.82% | -0.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.63% | 17.93% | -2.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.17% | 18.05% | -2.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.98% | 17.76% | -1.78% |