RNWGX vs. AWSHX
RNWGX (American Funds New World Fund® Class R-6) and AWSHX (American Funds Washington Mutual Investors Fund Class A) are both mutual funds - RNWGX is a Emerging Markets Equities fund managed by American Funds, while AWSHX is a Large Cap Blend Equities fund actively managed by American Funds. Over the past 10 years, RNWGX returned 10.55%/yr vs 12.83%/yr for AWSHX. Their 0.77 correlation means they have sometimes moved together and sometimes differently. RNWGX charges 0.57%/yr vs 0.58%/yr for AWSHX.
Performance
RNWGX vs. AWSHX - Performance Comparison
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Returns By Period
In the year-to-date period, RNWGX achieves a 13.85% return, which is significantly higher than AWSHX's 9.80% return. Over the past 10 years, RNWGX has underperformed AWSHX with an annualized return of 10.55%, while AWSHX has yielded a comparatively higher 12.83% annualized return.
RNWGX
- 1D
- -0.20%
- 1M
- 0.11%
- 6M
- 7.29%
- YTD
- 13.85%
- 1Y
- 26.75%
- 3Y*
- 17.24%
- 5Y*
- 6.59%
- 10Y*
- 10.55%
- ALL TIME*
- 7.91%
AWSHX
- 1D
- 0.75%
- 1M
- 1.75%
- 6M
- 8.18%
- YTD
- 9.80%
- 1Y
- 16.59%
- 3Y*
- 18.08%
- 5Y*
- 12.56%
- 10Y*
- 12.83%
- ALL TIME*
- 10.18%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
RNWGX vs. AWSHX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RNWGX American Funds New World Fund® Class R-6 | 13.85% | 28.67% | 6.88% | 16.26% | -21.77% | 5.09% | 25.30% | 28.03% | -12.00% | 33.07% |
AWSHX American Funds Washington Mutual Investors Fund Class A | 9.80% | 17.20% | 19.02% | 17.21% | -8.45% | 28.44% | 7.69% | 24.86% | -6.16% | 20.03% |
Correlation
The correlation between RNWGX and AWSHX is 0.61, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.61 |
Correlation (3Y) Balances recent behavior with more history. | 0.69 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.74 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.74 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2010 | 0.77 |
The correlation between RNWGX and AWSHX shifts across timeframes, from 0.61 (1 year) to 0.77 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
RNWGX vs. AWSHX — Risk / Return Rank
RNWGX
AWSHX
RNWGX vs. AWSHX - 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 Washington Mutual Investors Fund Class A (AWSHX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| RNWGX | AWSHX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.11 | ||
| Sortino ratioReturn per unit of downside risk | -0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.32 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.24 | 2.19 | +0.05 |
| Martin ratioReturn relative to average drawdown | 8.09 | 9.48 | -1.39 |
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Drawdowns
RNWGX vs. AWSHX - Drawdown Comparison
The maximum RNWGX drawdown since its inception was -33.40%, smaller than the maximum AWSHX drawdown of -53.95%. Use the drawdown chart below to compare losses from any high point for RNWGX and AWSHX.
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Drawdown Indicators
| RNWGX | AWSHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.40% | -53.95% | +20.55% |
Max Drawdown (1Y)Largest decline over 1 year | -13.00% | -8.37% | -4.63% |
Max Drawdown (3Y)Largest decline over 3 years | -15.00% | -14.66% | -0.34% |
Max Drawdown (5Y)Largest decline over 5 years | -33.40% | -18.64% | -14.76% |
Max Drawdown (10Y)Largest decline over 10 years | -33.40% | -34.65% | +1.25% |
Current DrawdownCurrent decline from peak | -4.19% | 0.00% | -4.19% |
Average DrawdownAverage peak-to-trough decline | -8.02% | -6.39% | -1.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.59% | 1.93% | +1.66% |
Volatility
RNWGX vs. AWSHX - Volatility Comparison
American Funds New World Fund® Class R-6 (RNWGX) has a higher volatility of 7.14% compared to American Funds Washington Mutual Investors Fund Class A (AWSHX) at 2.38%. This indicates that RNWGX's price experiences larger fluctuations and is considered to be riskier than AWSHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RNWGX | AWSHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.14% | 2.38% | +4.76% |
Volatility (6M)Calculated over the trailing 6-month period | 15.95% | 7.82% | +8.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.80% | 10.47% | +7.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.99% | 14.06% | +1.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.34% | 16.29% | +0.05% |
RNWGX vs. AWSHX - Expense Ratio Comparison
RNWGX has a 0.57% expense ratio, which is lower than AWSHX's 0.58% expense ratio.
Dividends
RNWGX vs. AWSHX - Dividend Comparison
RNWGX's dividend yield for the trailing twelve months is around 5.35%, less than AWSHX's 9.42% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AWSHX American Funds Washington Mutual Investors Fund Class A | 9.42% | 10.08% | 10.06% | 6.14% | 6.31% | 6.05% | 3.06% | 6.19% | 4.36% | 7.26% | 6.37% | 6.25% |
RNWGX American Funds New World Fund® Class R-6 | 5.35% | 6.09% | 4.11% | 2.88% | 1.33% | 7.32% | 0.44% | 4.05% | 2.71% | 2.26% | 1.37% | 1.04% |
Frequently Asked Questions
RNWGX and AWSHX have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RNWGX has higher volatility (7.14%) compared to AWSHX (2.38%). In terms of maximum drawdown, RNWGX dropped -33.40% vs AWSHX's -53.95%.
AWSHX currently has the higher Sharpe Ratio (1.75 vs 1.64), 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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