RNPEX vs. RGAGX
RNPEX (American Funds New Perspective Fund Class R4) and RGAGX (American Funds The Growth Fund of America Class R-6) are both mutual funds - RNPEX is a Global Equities fund actively managed by American Funds, while RGAGX is a Large Cap Growth Equities fund managed by American Funds. Over the past 10 years, RNPEX returned 13.37%/yr vs 16.30%/yr for RGAGX. With a 0.95 correlation, they move nearly in lockstep. RNPEX charges 0.75%/yr vs 0.30%/yr for RGAGX.
Performance
RNPEX vs. RGAGX - Performance Comparison
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Returns By Period
In the year-to-date period, RNPEX achieves a 6.72% return, which is significantly lower than RGAGX's 9.36% return. Over the past 10 years, RNPEX has underperformed RGAGX with an annualized return of 13.37%, while RGAGX has yielded a comparatively higher 16.30% annualized return.
RNPEX
- 1D
- -0.58%
- 1M
- 4.08%
- YTD
- 6.72%
- 6M
- 7.62%
- 1Y
- 19.13%
- 3Y*
- 18.35%
- 5Y*
- 8.56%
- 10Y*
- 13.37%
RGAGX
- 1D
- -0.80%
- 1M
- 5.24%
- YTD
- 9.36%
- 6M
- 8.89%
- 1Y
- 25.11%
- 3Y*
- 25.20%
- 5Y*
- 12.43%
- 10Y*
- 16.30%
RNPEX vs. RGAGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RNPEX American Funds New Perspective Fund Class R4 | 6.72% | 21.28% | 16.71% | 24.62% | -25.94% | 17.60% | 33.40% | 30.05% | -6.03% | 28.84% |
RGAGX American Funds The Growth Fund of America Class R-6 | 9.36% | 20.08% | 28.41% | 37.66% | -30.53% | 19.67% | 38.30% | 29.22% | -2.88% | 26.53% |
Correlation
The correlation between RNPEX and RGAGX is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since May 4, 2009 | 0.95 |
The correlation between RNPEX and RGAGX has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.
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Return for Risk
RNPEX vs. RGAGX — Risk / Return Rank
RNPEX
RGAGX
RNPEX vs. RGAGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds New Perspective Fund Class R4 (RNPEX) and American Funds The Growth Fund of America Class R-6 (RGAGX). 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.
| RNPEX | RGAGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.21 | ||
| Sortino ratioReturn per unit of downside risk | -0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.30 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.73 | 1.87 | -0.15 |
| Martin ratioReturn relative to average drawdown | 7.29 | 7.32 | -0.04 |
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
| RNPEX | RGAGX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.48 | 1.69 | -0.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | 0.62 | -0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.75 | 0.83 | -0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.85 | -0.29 |
Drawdowns
RNPEX vs. RGAGX - Drawdown Comparison
The maximum RNPEX drawdown since its inception was -52.36%, which is greater than RGAGX's maximum drawdown of -36.19%. Use the drawdown chart below to compare losses from any high point for RNPEX and RGAGX.
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Drawdown Indicators
| RNPEX | RGAGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.36% | -36.19% | -16.17% |
Max Drawdown (1Y)Largest decline over 1 year | -11.48% | -13.71% | +2.23% |
Max Drawdown (3Y)Largest decline over 3 years | -17.92% | -21.54% | +3.62% |
Max Drawdown (5Y)Largest decline over 5 years | -34.46% | -36.19% | +1.73% |
Max Drawdown (10Y)Largest decline over 10 years | -34.46% | -36.19% | +1.73% |
Current DrawdownCurrent decline from peak | -0.58% | -1.12% | +0.54% |
Average DrawdownAverage peak-to-trough decline | -7.97% | -5.49% | -2.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.72% | 3.50% | -0.78% |
Volatility
RNPEX vs. RGAGX - Volatility Comparison
American Funds New Perspective Fund Class R4 (RNPEX) and American Funds The Growth Fund of America Class R-6 (RGAGX) have volatilities of 3.98% and 3.86%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RNPEX | RGAGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.98% | 3.86% | +0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 10.77% | 11.66% | -0.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.39% | 15.16% | -1.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.20% | 20.24% | -3.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.84% | 19.69% | -1.85% |
RNPEX vs. RGAGX - Expense Ratio Comparison
RNPEX has a 0.75% expense ratio, which is higher than RGAGX's 0.30% expense ratio.
Dividends
RNPEX vs. RGAGX - Dividend Comparison
RNPEX's dividend yield for the trailing twelve months is around 6.24%, less than RGAGX's 10.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RGAGX American Funds The Growth Fund of America Class R-6 | 10.05% | 10.99% | 9.29% | 7.70% | 4.44% | 8.49% | 4.57% | 7.93% | 12.36% | 7.34% | 6.95% | 9.22% |
RNPEX American Funds New Perspective Fund Class R4 | 6.24% | 6.66% | 5.20% | 5.44% | 4.18% | 7.08% | 4.18% | 3.69% | 7.63% | 5.54% | 3.89% | 6.17% |
Frequently Asked Questions
With a correlation of 0.94, RNPEX and RGAGX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
RNPEX has higher volatility (3.98%) compared to RGAGX (3.86%). In terms of maximum drawdown, RNPEX dropped -52.36% vs RGAGX's -36.19%.
RGAGX currently has the higher Sharpe Ratio (1.69 vs 1.48), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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