RNWGX vs. FNWFX

Last updated Aug 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 Equities funds from American Funds. Over the past 5 years, RNWGX returned 6.59%/yr vs 6.59%/yr for FNWFX. Their 1.00 correlation means they have historically moved very closely together. 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 13.85% and FNWFX at 13.85%.

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%

FNWFX

• 1D: -0.20%
• 1M: 0.11%
• 6M: 7.29%
• YTD: 13.85%
• 1Y: 26.75%
• 3Y*: 17.24%
• 5Y*: 6.59%
• 10Y*: —
• ALL TIME*: 10.84%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FNWFX American Funds New World Fund Class F-3	$0.00	$0.00	$0.00
RNWGX American Funds New World Fund® Class R-6	$0.00	$0.00	$0.00

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	13.85%	28.67%	6.88%	16.26%	-21.77%	5.09%	25.30%	28.03%	-12.00%	26.57%
FNWFX American Funds New World Fund Class F-3	13.85%	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 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	1.00
Correlation (3Y) Balances recent behavior with more history.	1.00
Correlation (5Y) Shows whether the relationship held over a longer period.	1.00
Correlation (All Time) Calculated using the full available price history since Feb 1, 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 historical risk-adjusted metric ranks over the past 12 months.

RNWGX

RNWGX Risk / Return Rank: 59
RNWGX Sharpe Ratio Rank: 61
RNWGX Sortino Ratio Rank: 56
RNWGX Omega Ratio Rank: 62
RNWGX Calmar Ratio Rank: 59
RNWGX Martin Ratio Rank: 56

FNWFX

FNWFX Risk / Return Rank: 59
FNWFX Sharpe Ratio Rank: 61
FNWFX Sortino Ratio Rank: 56
FNWFX Omega Ratio Rank: 62
FNWFX Calmar Ratio Rank: 59
FNWFX Martin Ratio Rank: 55

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

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.

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	FNWFX	Difference
Sharpe ratio: Return per unit of total volatility	1.64	1.64	0.00
Sortino ratio: Return per unit of downside risk	2.25	2.25	0.00
Omega ratio: Gain probability vs. loss probability	1.31	1.31	0.00
Calmar ratio: Return relative to maximum drawdown	2.24	2.24	0.00
Martin ratio: Return relative to average drawdown	8.09	8.09	0.00

RNWGX vs. FNWFX - Sharpe Ratio Comparison

The current RNWGX Sharpe Ratio is 1.64, which is comparable to the FNWFX Sharpe Ratio of 1.64. 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.

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	-4.19%	-4.19%	0.00%
Average Drawdown Average peak-to-trough decline	-8.02%	-8.59%	+0.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.59%	3.59%	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 7.14% and 7.12%, 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	7.14%	7.12%	+0.02%
Volatility (6M) Calculated over the trailing 6-month period	15.95%	15.95%	0.00%
Volatility (1Y) Calculated over the trailing 1-year period	17.80%	17.79%	+0.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.99%	15.99%	0.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.34%	16.62%	-0.28%

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 5.35%, which matches FNWFX's 5.35% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FNWFX American Funds New World Fund Class F-3	5.35%	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	5.35%	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

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?

RNWGX has higher volatility (7.14%) compared to FNWFX (7.12%). 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 (1.64 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.