RNPGX vs. FXAIX
Compare and contrast key facts about American Funds New Perspective Fund Class R-6 (RNPGX) and Fidelity 500 Index Fund (FXAIX).
RNPGX is managed by American Funds. It was launched on Aug 1, 2008. FXAIX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RNPGX or FXAIX.
Key characteristics
| RNPGX | FXAIX | |
|---|---|---|
| YTD Return | 15.23% | 19.32% |
| 1Y Return | 24.35% | 28.37% |
| 3Y Return (Ann) | 3.26% | 10.05% |
| 5Y Return (Ann) | 12.96% | 15.28% |
| 10Y Return (Ann) | 11.44% | 12.99% |
| Sharpe Ratio | 1.84 | 2.24 |
| Daily Std Dev | 12.98% | 12.70% |
| Max Drawdown | -34.25% | -33.79% |
| Current Drawdown | -0.54% | -0.33% |
Correlation
The correlation between RNPGX and FXAIX is 0.92, 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.
Performance
RNPGX vs. FXAIX - Performance Comparison
In the year-to-date period, RNPGX achieves a 15.23% return, which is significantly lower than FXAIX's 19.32% return. Over the past 10 years, RNPGX has underperformed FXAIX with an annualized return of 11.44%, while FXAIX has yielded a comparatively higher 12.99% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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RNPGX vs. FXAIX - Expense Ratio Comparison
RNPGX has a 0.42% expense ratio, which is higher than FXAIX's 0.02% expense ratio.
Risk-Adjusted Performance
RNPGX vs. FXAIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds New Perspective Fund Class R-6 (RNPGX) and Fidelity 500 Index Fund (FXAIX). 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.
Dividends
RNPGX vs. FXAIX - Dividend Comparison
RNPGX's dividend yield for the trailing twelve months is around 4.92%, more than FXAIX's 1.24% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RNPGX American Funds New Perspective Fund Class R-6 | 4.92% | 5.67% | 4.53% | 7.31% | 4.41% | 4.47% | 7.95% | 5.80% | 4.20% | 6.46% | 8.26% | 6.90% |
FXAIX Fidelity 500 Index Fund | 1.24% | 1.45% | 1.69% | 1.22% | 1.60% | 2.06% | 2.72% | 1.97% | 2.52% | 2.83% | 2.63% | 1.84% |
Drawdowns
RNPGX vs. FXAIX - Drawdown Comparison
The maximum RNPGX drawdown since its inception was -34.25%, roughly equal to the maximum FXAIX drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for RNPGX and FXAIX. For additional features, visit the drawdowns tool.
Volatility
RNPGX vs. FXAIX - Volatility Comparison
American Funds New Perspective Fund Class R-6 (RNPGX) and Fidelity 500 Index Fund (FXAIX) have volatilities of 4.13% and 4.09%, 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.