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