RNWGX vs. GTRAX
Compare and contrast key facts about American Funds New World Fund® Class R-6 (RNWGX) and PGIM Global Total Return Fund (GTRAX).
RNWGX is managed by American Funds. It was launched on Aug 1, 2008. GTRAX is managed by PGIM Investments. It was launched on Jul 6, 1986.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RNWGX or GTRAX.
Key characteristics
| RNWGX | GTRAX | |
|---|---|---|
| YTD Return | 8.19% | 1.08% |
| 1Y Return | 13.92% | 8.08% |
| 3Y Return (Ann) | -1.88% | -4.71% |
| 5Y Return (Ann) | 6.22% | -2.56% |
| 10Y Return (Ann) | 6.54% | 0.64% |
| Sharpe Ratio | 1.28 | 1.35 |
| Sortino Ratio | 1.83 | 1.95 |
| Omega Ratio | 1.23 | 1.25 |
| Calmar Ratio | 0.77 | 0.30 |
| Martin Ratio | 6.55 | 4.70 |
| Ulcer Index | 2.21% | 1.62% |
| Daily Std Dev | 11.30% | 5.67% |
| Max Drawdown | -33.40% | -33.05% |
| Current Drawdown | -7.28% | -19.23% |
Correlation
The correlation between RNWGX and GTRAX is 0.30, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
RNWGX vs. GTRAX - Performance Comparison
In the year-to-date period, RNWGX achieves a 8.19% return, which is significantly higher than GTRAX's 1.08% return. Over the past 10 years, RNWGX has outperformed GTRAX with an annualized return of 6.54%, while GTRAX has yielded a comparatively lower 0.64% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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RNWGX vs. GTRAX - Expense Ratio Comparison
RNWGX has a 0.57% expense ratio, which is lower than GTRAX's 0.88% expense ratio.
Risk-Adjusted Performance
RNWGX vs. GTRAX - 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 PGIM Global Total Return Fund (GTRAX). 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.
Dividends
RNWGX vs. GTRAX - Dividend Comparison
RNWGX's dividend yield for the trailing twelve months is around 1.54%, less than GTRAX's 3.39% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RNWGX American Funds New World Fund® Class R-6 | 1.54% | 1.66% | 1.33% | 0.86% | 0.44% | 1.78% | 1.47% | 1.31% | 1.37% | 1.03% | 7.65% | 3.77% |
GTRAX PGIM Global Total Return Fund | 3.39% | 3.68% | 3.88% | 3.29% | 3.62% | 3.38% | 3.42% | 3.18% | 3.73% | 3.55% | 4.26% | 4.34% |
Drawdowns
RNWGX vs. GTRAX - Drawdown Comparison
The maximum RNWGX drawdown since its inception was -33.40%, roughly equal to the maximum GTRAX drawdown of -33.05%. Use the drawdown chart below to compare losses from any high point for RNWGX and GTRAX. For additional features, visit the drawdowns tool.
Volatility
RNWGX vs. GTRAX - Volatility Comparison
American Funds New World Fund® Class R-6 (RNWGX) has a higher volatility of 3.10% compared to PGIM Global Total Return Fund (GTRAX) at 1.89%. This indicates that RNWGX's price experiences larger fluctuations and is considered to be riskier than GTRAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.