RNWGX vs. FNWFX

Last updated Jun 5, 2026

RNWGX (American Funds New World Fund® Class R-6) and FNWFX (American Funds New World Fund Class F-3) are both Emerging Markets Diversified funds from American Funds. Over the past 5 years, RNWGX returned 7.05%/yr vs 7.05%/yr for FNWFX. With a 1.00 correlation, they move nearly in lockstep. Both charge a 0.57% expense ratio.

Performance

RNWGX vs. FNWFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Funds New World Fund® Class R-6 (RNWGX) and American Funds New World Fund Class F-3 (FNWFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

As of year-to-date, both investments have demonstrated similar returns, with RNWGX at 16.74% and FNWFX at 16.74%.

RNWGX

• 1D: -0.73%
• 1M: 5.68%
• YTD: 16.74%
• 6M: 18.21%
• 1Y: 34.81%
• 3Y*: 19.66%
• 5Y*: 7.05%
• 10Y*: 11.36%

FNWFX

• 1D: -0.73%
• 1M: 5.68%
• YTD: 16.74%
• 6M: 18.20%
• 1Y: 34.79%
• 3Y*: 19.65%
• 5Y*: 7.05%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

RNWGX vs. FNWFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RNWGX American Funds New World Fund® Class R-6	16.74%	28.67%	6.88%	16.26%	-21.77%	5.09%	25.30%	28.03%	-12.00%	25.90%
FNWFX American Funds New World Fund Class F-3	16.74%	28.67%	6.88%	16.24%	-21.77%	5.09%	25.30%	28.02%	-12.00%	25.87%

Correlation

The correlation between RNWGX and FNWFX is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	1.00
Correlation (3Y) Calculated over the trailing 3-year period	1.00
Correlation (5Y) Calculated over the trailing 5-year period	1.00
Correlation (All Time) Calculated using the full available price history since Feb 2, 2017	1.00

The correlation between RNWGX and FNWFX has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.

Return for Risk

RNWGX vs. FNWFX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

RNWGX

RNWGX Risk / Return Rank: 62
RNWGX Sharpe Ratio Rank: 69
RNWGX Sortino Ratio Rank: 66
RNWGX Omega Ratio Rank: 68
RNWGX Calmar Ratio Rank: 52
RNWGX Martin Ratio Rank: 57

FNWFX

FNWFX Risk / Return Rank: 62
FNWFX Sharpe Ratio Rank: 70
FNWFX Sortino Ratio Rank: 66
FNWFX Omega Ratio Rank: 68
FNWFX Calmar Ratio Rank: 52
FNWFX Martin Ratio Rank: 57

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

RNWGX vs. FNWFX - 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 New World Fund Class F-3 (FNWFX). 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	FNWFX	Difference
Sharpe ratio: Return per unit of total volatility	2.44	2.44	0.00
Sortino ratio: Return per unit of downside risk	3.41	3.41	0.00
Omega ratio: Gain probability vs. loss probability	1.46	1.46	0.00
Calmar ratio: Return relative to maximum drawdown	2.76	2.76	0.00
Martin ratio: Return relative to average drawdown	11.36	11.36	0.00
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RNWGX vs. FNWFX - Sharpe Ratio Comparison

The current RNWGX Sharpe Ratio is 2.44, which is comparable to the FNWFX Sharpe Ratio of 2.44. The chart below compares the historical Sharpe Ratios of RNWGX and FNWFX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	RNWGX	FNWFX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.44	2.44	0.00
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.46	0.46	0.00
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.71	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.53	0.69	-0.17

Drawdowns

RNWGX vs. FNWFX - Drawdown Comparison

The maximum RNWGX drawdown since its inception was -33.40%, roughly equal to the maximum FNWFX drawdown of -33.40%. Use the drawdown chart below to compare losses from any high point for RNWGX and FNWFX.

Drawdown Indicators

	RNWGX	FNWFX	Difference
Max Drawdown Largest peak-to-trough decline	-33.40%	-33.40%	0.00%
Max Drawdown (1Y) Largest decline over 1 year	-13.00%	-13.00%	0.00%
Max Drawdown (3Y) Largest decline over 3 years	-15.00%	-15.00%	0.00%
Max Drawdown (5Y) Largest decline over 5 years	-33.40%	-33.40%	0.00%
Max Drawdown (10Y) Largest decline over 10 years	-33.40%	—	—
Current Drawdown Current decline from peak	-0.73%	-0.73%	0.00%
Average Drawdown Average peak-to-trough decline	-8.06%	-8.68%	+0.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.16%	3.16%	0.00%

Volatility

RNWGX vs. FNWFX - Volatility Comparison

American Funds New World Fund® Class R-6 (RNWGX) and American Funds New World Fund Class F-3 (FNWFX) have volatilities of 5.56% and 5.56%, 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.

Volatility by Period

	RNWGX	FNWFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.56%	5.56%	0.00%
Volatility (6M) Calculated over the trailing 6-month period	12.53%	12.53%	0.00%
Volatility (1Y) Calculated over the trailing 1-year period	14.74%	14.73%	+0.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.42%	15.42%	0.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.14%	16.40%	-0.26%

RNWGX vs. FNWFX - Expense Ratio Comparison

Both RNWGX and FNWFX have an expense ratio of 0.57%.

Dividends

RNWGX vs. FNWFX - Dividend Comparison

RNWGX's dividend yield for the trailing twelve months is around 5.22%, which matches FNWFX's 5.21% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FNWFX American Funds New World Fund Class F-3	5.21%	6.09%	4.10%	2.88%	1.33%	7.32%	0.43%	4.04%	2.70%	2.27%	0.00%	0.00%
RNWGX American Funds New World Fund® Class R-6	5.22%	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

Can I hold both RNWGX and FNWFX in my portfolio?

With a correlation of 1.00, RNWGX and FNWFX 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.

Which is riskier, RNWGX or FNWFX?

FNWFX has higher volatility (5.56%) compared to RNWGX (5.56%). In terms of maximum drawdown, RNWGX dropped -33.40% vs FNWFX's -33.40%.

Which has better risk-adjusted returns?

FNWFX currently has the higher Sharpe Ratio (2.44 vs 2.44), 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.