RNWGX vs. ABALX
Compare and contrast key facts about American Funds New World Fund® Class R-6 (RNWGX) and American Funds American Balanced Fund Class A (ABALX).
RNWGX is managed by American Funds. It was launched on Aug 1, 2008. ABALX is managed by American Funds. It was launched on Jul 26, 1975.
Performance
RNWGX vs. ABALX - Performance Comparison
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RNWGX vs. ABALX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RNWGX American Funds New World Fund® Class R-6 | -1.47% | 28.67% | 6.88% | 16.26% | -21.77% | 5.09% | 25.30% | 28.03% | -12.00% | 33.07% |
ABALX American Funds American Balanced Fund Class A | -1.12% | 18.45% | 14.63% | 13.65% | -12.13% | 15.75% | 10.85% | 18.60% | -3.35% | 14.69% |
Returns By Period
In the year-to-date period, RNWGX achieves a -1.47% return, which is significantly lower than ABALX's -1.12% return. Over the past 10 years, RNWGX has outperformed ABALX with an annualized return of 9.76%, while ABALX has yielded a comparatively lower 9.17% annualized return.
RNWGX
- 1D
- 2.62%
- 1M
- -8.56%
- YTD
- -1.47%
- 6M
- 2.11%
- 1Y
- 24.01%
- 3Y*
- 13.88%
- 5Y*
- 4.79%
- 10Y*
- 9.76%
ABALX
- 1D
- 1.79%
- 1M
- -4.88%
- YTD
- -1.12%
- 6M
- 2.08%
- 1Y
- 16.95%
- 3Y*
- 14.07%
- 5Y*
- 8.20%
- 10Y*
- 9.17%
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RNWGX vs. ABALX - Expense Ratio Comparison
RNWGX has a 0.57% expense ratio, which is higher than ABALX's 0.56% expense ratio.
Return for Risk
RNWGX vs. ABALX — Risk / Return Rank
RNWGX
ABALX
RNWGX vs. ABALX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds New World Fund® Class R-6 (RNWGX) and American Funds American Balanced Fund Class A (ABALX). 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.
| RNWGX | ABALX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.59 | 1.56 | +0.03 |
Sortino ratioReturn per unit of downside risk | 2.19 | 2.28 | -0.09 |
Omega ratioGain probability vs. loss probability | 1.32 | 1.32 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.83 | 2.43 | -0.60 |
Martin ratioReturn relative to average drawdown | 7.62 | 10.15 | -2.52 |
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
| RNWGX | ABALX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.59 | 1.56 | +0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.32 | 0.79 | -0.47 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.61 | 0.87 | -0.25 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.79 | -0.33 |
Correlation
The correlation between RNWGX and ABALX is 0.81, 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.
Dividends
RNWGX vs. ABALX - Dividend Comparison
RNWGX's dividend yield for the trailing twelve months is around 6.18%, less than ABALX's 8.39% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RNWGX American Funds New World Fund® Class R-6 | 6.18% | 6.09% | 4.11% | 2.88% | 1.33% | 7.32% | 0.44% | 4.05% | 2.71% | 2.26% | 1.37% | 1.04% |
ABALX American Funds American Balanced Fund Class A | 8.39% | 8.27% | 6.87% | 2.05% | 2.30% | 4.30% | 4.35% | 3.49% | 5.49% | 4.72% | 4.24% | 5.60% |
Drawdowns
RNWGX vs. ABALX - Drawdown Comparison
The maximum RNWGX drawdown since its inception was -33.40%, smaller than the maximum ABALX drawdown of -40.20%. Use the drawdown chart below to compare losses from any high point for RNWGX and ABALX.
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Drawdown Indicators
| RNWGX | ABALX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.40% | -40.20% | +6.80% |
Max Drawdown (1Y)Largest decline over 1 year | -13.00% | -7.33% | -5.67% |
Max Drawdown (5Y)Largest decline over 5 years | -33.40% | -18.76% | -14.64% |
Max Drawdown (10Y)Largest decline over 10 years | -33.40% | -22.34% | -11.06% |
Current DrawdownCurrent decline from peak | -10.73% | -5.37% | -5.36% |
Average DrawdownAverage peak-to-trough decline | -8.12% | -3.86% | -4.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.13% | 1.76% | +1.37% |
Volatility
RNWGX vs. ABALX - Volatility Comparison
American Funds New World Fund® Class R-6 (RNWGX) has a higher volatility of 7.09% compared to American Funds American Balanced Fund Class A (ABALX) at 3.89%. This indicates that RNWGX's price experiences larger fluctuations and is considered to be riskier than ABALX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RNWGX | ABALX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.09% | 3.89% | +3.20% |
Volatility (6M)Calculated over the trailing 6-month period | 11.01% | 6.96% | +4.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.63% | 11.22% | +4.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.17% | 10.45% | +4.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.98% | 10.63% | +5.35% |