PortfoliosLab logo
PortfoliosLab logo
Tools
Performance Analysis
Portfolio Analysis
Factor Model
Portfolios
Lazy PortfoliosUser Portfolios
Discussions
RNWGX vs. FNWFX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between RNWGX and FNWFX is 1.00, 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.


-0.50.00.51.01.0

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.

70.00%75.00%80.00%85.00%90.00%95.00%JulyAugustSeptemberOctoberNovemberDecember
75.81%
75.10%
RNWGX
FNWFX

Key characteristics

Sharpe Ratio

RNWGX:

0.48

FNWFX:

0.48

Sortino Ratio

RNWGX:

0.71

FNWFX:

0.71

Omega Ratio

RNWGX:

1.10

FNWFX:

1.10

Calmar Ratio

RNWGX:

0.35

FNWFX:

0.35

Martin Ratio

RNWGX:

2.05

FNWFX:

2.05

Ulcer Index

RNWGX:

2.84%

FNWFX:

2.84%

Daily Std Dev

RNWGX:

12.17%

FNWFX:

12.17%

Max Drawdown

RNWGX:

-33.40%

FNWFX:

-33.40%

Current Drawdown

RNWGX:

-11.49%

FNWFX:

-11.49%

Returns By Period

The year-to-date returns for both investments are quite close, with RNWGX having a 3.28% return and FNWFX slightly higher at 3.29%.


RNWGX

YTD

3.28%

1M

-4.56%

6M

-3.91%

1Y

4.58%

5Y*

4.43%

10Y*

6.37%

FNWFX

YTD

3.29%

1M

-4.56%

6M

-3.91%

1Y

4.59%

5Y*

4.43%

10Y*

N/A

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


RNWGX vs. FNWFX - Expense Ratio Comparison

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


RNWGX
American Funds New World Fund® Class R-6
Expense ratio chart for RNWGX: current value at 0.57% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.57%
Expense ratio chart for FNWFX: current value at 0.57% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.57%

Risk-Adjusted Performance

RNWGX vs. FNWFX - Risk-Adjusted Performance 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.


Sharpe ratio
The chart of Sharpe ratio for RNWGX, currently valued at 0.48, compared to the broader market-1.000.001.002.003.004.000.480.48
The chart of Sortino ratio for RNWGX, currently valued at 0.71, compared to the broader market-2.000.002.004.006.008.0010.000.710.71
The chart of Omega ratio for RNWGX, currently valued at 1.10, compared to the broader market0.501.001.502.002.503.003.501.101.10
The chart of Calmar ratio for RNWGX, currently valued at 0.35, compared to the broader market0.002.004.006.008.0010.0012.0014.000.350.35
The chart of Martin ratio for RNWGX, currently valued at 2.05, compared to the broader market0.0020.0040.0060.002.052.05
RNWGX
FNWFX

The current RNWGX Sharpe Ratio is 0.48, which is comparable to the FNWFX Sharpe Ratio of 0.48. The chart below compares the historical Sharpe Ratios of RNWGX and FNWFX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.501.001.502.00JulyAugustSeptemberOctoberNovemberDecember
0.48
0.48
RNWGX
FNWFX

Dividends

RNWGX vs. FNWFX - Dividend Comparison

Neither RNWGX nor FNWFX has paid dividends to shareholders.


TTM20232022202120202019201820172016201520142013
RNWGX
American Funds New World Fund® Class R-6
0.00%1.66%1.33%0.86%0.44%1.78%1.47%1.31%1.37%1.03%7.65%3.77%
FNWFX
American Funds New World Fund Class F-3
0.00%1.66%1.34%0.86%0.43%1.43%1.46%1.32%0.00%0.00%0.00%0.00%

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. For additional features, visit the drawdowns tool.


-14.00%-12.00%-10.00%-8.00%-6.00%-4.00%-2.00%JulyAugustSeptemberOctoberNovemberDecember
-11.49%
-11.49%
RNWGX
FNWFX

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 5.16% and 5.16%, 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.


2.00%3.00%4.00%5.00%JulyAugustSeptemberOctoberNovemberDecember
5.16%
5.16%
RNWGX
FNWFX
PortfoliosLab logo
Performance Analysis
Portfolio AnalysisPortfolio PerformanceStock ComparisonSharpe RatioMartin RatioTreynor RatioSortino RatioOmega RatioCalmar RatioSummers Ratio
Community
Discussions


Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

Copyright © 2024 PortfoliosLab