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NEWFX vs. SPY
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between NEWFX and SPY 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.


-0.50.00.51.0
Correlation: 0.7

Performance

NEWFX vs. SPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Funds New World Fund (NEWFX) and SPDR S&P 500 ETF (SPY). The values are adjusted to include any dividend payments, if applicable.

450.00%500.00%550.00%600.00%December2025FebruaryMarchAprilMay
508.68%
567.58%
NEWFX
SPY

Key characteristics

Sharpe Ratio

NEWFX:

0.38

SPY:

0.72

Sortino Ratio

NEWFX:

0.63

SPY:

1.13

Omega Ratio

NEWFX:

1.09

SPY:

1.17

Calmar Ratio

NEWFX:

0.23

SPY:

0.76

Martin Ratio

NEWFX:

1.03

SPY:

3.04

Ulcer Index

NEWFX:

5.69%

SPY:

4.72%

Daily Std Dev

NEWFX:

15.48%

SPY:

20.06%

Max Drawdown

NEWFX:

-56.09%

SPY:

-55.19%

Current Drawdown

NEWFX:

-13.90%

SPY:

-7.25%

Returns By Period

In the year-to-date period, NEWFX achieves a 5.70% return, which is significantly higher than SPY's -3.01% return. Over the past 10 years, NEWFX has underperformed SPY with an annualized return of 4.72%, while SPY has yielded a comparatively higher 12.46% annualized return.


NEWFX

YTD

5.70%

1M

11.53%

6M

-0.32%

1Y

3.91%

5Y*

7.30%

10Y*

4.72%

SPY

YTD

-3.01%

1M

12.17%

6M

-0.12%

1Y

12.26%

5Y*

16.40%

10Y*

12.46%

*Annualized

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NEWFX vs. SPY - Expense Ratio Comparison

NEWFX has a 0.96% expense ratio, which is higher than SPY's 0.09% expense ratio.


Expense ratio chart for NEWFX: current value is 0.96%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
NEWFX: 0.96%
Expense ratio chart for SPY: current value is 0.09%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
SPY: 0.09%

Risk-Adjusted Performance

NEWFX vs. SPY — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NEWFX
The Risk-Adjusted Performance Rank of NEWFX is 3636
Overall Rank
The Sharpe Ratio Rank of NEWFX is 3737
Sharpe Ratio Rank
The Sortino Ratio Rank of NEWFX is 3737
Sortino Ratio Rank
The Omega Ratio Rank of NEWFX is 3636
Omega Ratio Rank
The Calmar Ratio Rank of NEWFX is 3434
Calmar Ratio Rank
The Martin Ratio Rank of NEWFX is 3535
Martin Ratio Rank

SPY
The Risk-Adjusted Performance Rank of SPY is 6767
Overall Rank
The Sharpe Ratio Rank of SPY is 6363
Sharpe Ratio Rank
The Sortino Ratio Rank of SPY is 6565
Sortino Ratio Rank
The Omega Ratio Rank of SPY is 6868
Omega Ratio Rank
The Calmar Ratio Rank of SPY is 7070
Calmar Ratio Rank
The Martin Ratio Rank of SPY is 6868
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

NEWFX vs. SPY - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for American Funds New World Fund (NEWFX) and SPDR S&P 500 ETF (SPY). 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.


The chart of Sharpe ratio for NEWFX, currently valued at 0.38, compared to the broader market-2.00-1.000.001.002.003.00
NEWFX: 0.38
SPY: 0.72
The chart of Sortino ratio for NEWFX, currently valued at 0.63, compared to the broader market-2.000.002.004.006.008.00
NEWFX: 0.63
SPY: 1.13
The chart of Omega ratio for NEWFX, currently valued at 1.09, compared to the broader market0.501.001.502.002.503.00
NEWFX: 1.09
SPY: 1.17
The chart of Calmar ratio for NEWFX, currently valued at 0.23, compared to the broader market0.002.004.006.008.0010.00
NEWFX: 0.23
SPY: 0.76
The chart of Martin ratio for NEWFX, currently valued at 1.03, compared to the broader market0.0010.0020.0030.0040.00
NEWFX: 1.03
SPY: 3.04

The current NEWFX Sharpe Ratio is 0.38, which is lower than the SPY Sharpe Ratio of 0.72. The chart below compares the historical Sharpe Ratios of NEWFX and SPY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.000.001.002.003.00December2025FebruaryMarchAprilMay
0.38
0.72
NEWFX
SPY

Dividends

NEWFX vs. SPY - Dividend Comparison

NEWFX's dividend yield for the trailing twelve months is around 0.80%, less than SPY's 1.26% yield.


TTM20242023202220212020201920182017201620152014
NEWFX
American Funds New World Fund
0.80%0.85%1.24%0.89%0.43%0.10%1.04%1.02%0.94%0.92%0.60%6.75%
SPY
SPDR S&P 500 ETF
1.26%1.21%1.40%1.65%1.20%1.52%1.75%2.04%1.80%2.03%2.06%1.87%

Drawdowns

NEWFX vs. SPY - Drawdown Comparison

The maximum NEWFX drawdown since its inception was -56.09%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for NEWFX and SPY. For additional features, visit the drawdowns tool.


-25.00%-20.00%-15.00%-10.00%-5.00%0.00%December2025FebruaryMarchAprilMay
-13.90%
-7.25%
NEWFX
SPY

Volatility

NEWFX vs. SPY - Volatility Comparison

The current volatility for American Funds New World Fund (NEWFX) is 9.64%, while SPDR S&P 500 ETF (SPY) has a volatility of 15.07%. This indicates that NEWFX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%5.00%10.00%15.00%December2025FebruaryMarchAprilMay
9.64%
15.07%
NEWFX
SPY