NFFFX vs. PZIEX
Compare and contrast key facts about American Funds New World Fund (NFFFX) and Pzena Emerging Markets Value Fund Institutional Class (PZIEX).
NFFFX is managed by American Funds. It was launched on Jun 17, 1999. PZIEX is an actively managed fund by Pzena. It was launched on Mar 31, 2014.
Performance
NFFFX vs. PZIEX - Performance Comparison
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NFFFX vs. PZIEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NFFFX American Funds New World Fund | -4.01% | 28.52% | 6.78% | 16.11% | -21.86% | 4.98% | 25.17% | 27.89% | -12.08% | 32.92% |
PZIEX Pzena Emerging Markets Value Fund Institutional Class | 4.56% | 35.49% | 4.54% | 20.73% | -5.67% | 6.65% | 8.43% | 13.57% | -10.23% | 29.98% |
Returns By Period
In the year-to-date period, NFFFX achieves a -4.01% return, which is significantly lower than PZIEX's 4.56% return. Over the past 10 years, NFFFX has underperformed PZIEX with an annualized return of 9.36%, while PZIEX has yielded a comparatively higher 11.43% annualized return.
NFFFX
- 1D
- -0.62%
- 1M
- -11.95%
- YTD
- -4.01%
- 6M
- 0.11%
- 1Y
- 21.35%
- 3Y*
- 12.78%
- 5Y*
- 4.48%
- 10Y*
- 9.36%
PZIEX
- 1D
- -1.41%
- 1M
- -11.82%
- YTD
- 4.56%
- 6M
- 10.95%
- 1Y
- 33.26%
- 3Y*
- 18.81%
- 5Y*
- 10.19%
- 10Y*
- 11.43%
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NFFFX vs. PZIEX - Expense Ratio Comparison
NFFFX has a 0.68% expense ratio, which is lower than PZIEX's 1.08% expense ratio.
Return for Risk
NFFFX vs. PZIEX — Risk / Return Rank
NFFFX
PZIEX
NFFFX vs. PZIEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds New World Fund (NFFFX) and Pzena Emerging Markets Value Fund Institutional Class (PZIEX). 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.
| NFFFX | PZIEX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.34 | 2.07 | -0.73 |
Sortino ratioReturn per unit of downside risk | 1.87 | 2.52 | -0.65 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.39 | -0.13 |
Calmar ratioReturn relative to maximum drawdown | 1.43 | 2.40 | -0.97 |
Martin ratioReturn relative to average drawdown | 6.10 | 9.28 | -3.18 |
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
| NFFFX | PZIEX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.34 | 2.07 | -0.73 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.30 | 0.71 | -0.41 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | 0.75 | -0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | 0.57 | -0.24 |
Correlation
The correlation between NFFFX and PZIEX is 0.65, 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.
Dividends
NFFFX vs. PZIEX - Dividend Comparison
NFFFX's dividend yield for the trailing twelve months is around 6.26%, more than PZIEX's 4.60% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NFFFX American Funds New World Fund | 6.26% | 6.01% | 4.01% | 2.78% | 1.21% | 7.23% | 0.35% | 3.95% | 2.62% | 2.17% | 1.28% | 0.94% |
PZIEX Pzena Emerging Markets Value Fund Institutional Class | 4.60% | 4.81% | 7.38% | 5.79% | 2.08% | 2.79% | 1.28% | 6.32% | 1.28% | 1.41% | 0.98% | 2.23% |
Drawdowns
NFFFX vs. PZIEX - Drawdown Comparison
The maximum NFFFX drawdown since its inception was -50.17%, which is greater than PZIEX's maximum drawdown of -44.59%. Use the drawdown chart below to compare losses from any high point for NFFFX and PZIEX.
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Drawdown Indicators
| NFFFX | PZIEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.17% | -44.59% | -5.58% |
Max Drawdown (1Y)Largest decline over 1 year | -13.01% | -12.73% | -0.28% |
Max Drawdown (5Y)Largest decline over 5 years | -33.48% | -25.38% | -8.10% |
Max Drawdown (10Y)Largest decline over 10 years | -33.48% | -44.59% | +11.11% |
Current DrawdownCurrent decline from peak | -13.01% | -12.73% | -0.28% |
Average DrawdownAverage peak-to-trough decline | -9.89% | -9.64% | -0.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.06% | 3.29% | -0.23% |
Volatility
NFFFX vs. PZIEX - Volatility Comparison
The current volatility for American Funds New World Fund (NFFFX) is 6.38%, while Pzena Emerging Markets Value Fund Institutional Class (PZIEX) has a volatility of 7.69%. This indicates that NFFFX experiences smaller price fluctuations and is considered to be less risky than PZIEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NFFFX | PZIEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.38% | 7.69% | -1.31% |
Volatility (6M)Calculated over the trailing 6-month period | 10.73% | 11.62% | -0.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.45% | 15.48% | -0.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.12% | 14.51% | +0.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.96% | 15.31% | +0.65% |