RNWGX vs. FXAIX
Compare and contrast key facts about American Funds New World Fund® Class R-6 (RNWGX) and Fidelity 500 Index Fund (FXAIX).
RNWGX is managed by American Funds. It was launched on Aug 1, 2008. FXAIX is a passively managed fund by Fidelity that tracks the performance of the S&P 500 Index. It was launched on Feb 17, 1988.
Performance
RNWGX vs. FXAIX - Performance Comparison
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RNWGX vs. FXAIX - 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% |
FXAIX Fidelity 500 Index Fund | -4.34% | 17.84% | 25.01% | 26.29% | -18.14% | 28.71% | 18.42% | 31.48% | -4.43% | 21.82% |
Returns By Period
In the year-to-date period, RNWGX achieves a -1.47% return, which is significantly higher than FXAIX's -4.34% return. Over the past 10 years, RNWGX has underperformed FXAIX with an annualized return of 9.76%, while FXAIX has yielded a comparatively higher 14.08% 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%
FXAIX
- 1D
- 2.92%
- 1M
- -5.02%
- YTD
- -4.34%
- 6M
- -2.14%
- 1Y
- 17.32%
- 3Y*
- 18.30%
- 5Y*
- 11.79%
- 10Y*
- 14.08%
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RNWGX vs. FXAIX - Expense Ratio Comparison
RNWGX has a 0.57% expense ratio, which is higher than FXAIX's 0.02% expense ratio.
Return for Risk
RNWGX vs. FXAIX — Risk / Return Rank
RNWGX
FXAIX
RNWGX vs. FXAIX - 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 Fidelity 500 Index Fund (FXAIX). 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 | FXAIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.59 | 0.97 | +0.61 |
Sortino ratioReturn per unit of downside risk | 2.19 | 1.49 | +0.70 |
Omega ratioGain probability vs. loss probability | 1.32 | 1.23 | +0.09 |
Calmar ratioReturn relative to maximum drawdown | 1.83 | 1.52 | +0.32 |
Martin ratioReturn relative to average drawdown | 7.62 | 7.30 | +0.33 |
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 | FXAIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.59 | 0.97 | +0.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.32 | 0.70 | -0.38 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.61 | 0.78 | -0.17 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.76 | -0.30 |
Correlation
The correlation between RNWGX and FXAIX 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. FXAIX - Dividend Comparison
RNWGX's dividend yield for the trailing twelve months is around 6.18%, more than FXAIX's 1.16% 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% |
FXAIX Fidelity 500 Index Fund | 1.16% | 1.11% | 1.25% | 1.45% | 1.69% | 1.22% | 1.60% | 2.06% | 2.72% | 1.97% | 2.52% | 2.83% |
Drawdowns
RNWGX vs. FXAIX - Drawdown Comparison
The maximum RNWGX drawdown since its inception was -33.40%, roughly equal to the maximum FXAIX drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for RNWGX and FXAIX.
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Drawdown Indicators
| RNWGX | FXAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.40% | -33.79% | +0.39% |
Max Drawdown (1Y)Largest decline over 1 year | -13.00% | -12.13% | -0.87% |
Max Drawdown (5Y)Largest decline over 5 years | -33.40% | -24.50% | -8.90% |
Max Drawdown (10Y)Largest decline over 10 years | -33.40% | -33.79% | +0.39% |
Current DrawdownCurrent decline from peak | -10.73% | -6.23% | -4.50% |
Average DrawdownAverage peak-to-trough decline | -8.12% | -3.83% | -4.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.13% | 2.53% | +0.60% |
Volatility
RNWGX vs. FXAIX - Volatility Comparison
American Funds New World Fund® Class R-6 (RNWGX) has a higher volatility of 7.09% compared to Fidelity 500 Index Fund (FXAIX) at 5.34%. This indicates that RNWGX's price experiences larger fluctuations and is considered to be riskier than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RNWGX | FXAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.09% | 5.34% | +1.75% |
Volatility (6M)Calculated over the trailing 6-month period | 11.01% | 9.53% | +1.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.63% | 18.32% | -2.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.17% | 16.92% | -1.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.98% | 18.05% | -2.07% |