RNWGX vs. JIREX

Last updated Jun 5, 2026

RNWGX (American Funds New World Fund® Class R-6) and JIREX (JHancock Real Estate Securities Fund) are both mutual funds - RNWGX is a Emerging Markets Diversified fund managed by American Funds, while JIREX is a REIT fund managed by John Hancock. Over the past 10 years, RNWGX returned 11.36%/yr vs 5.38%/yr for JIREX. At a 0.50 correlation, their price movements are largely independent. RNWGX charges 0.57%/yr vs 0.85%/yr for JIREX.

Performance

RNWGX vs. JIREX - 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 JHancock Real Estate Securities Fund (JIREX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RNWGX achieves a 16.74% return, which is significantly higher than JIREX's 9.69% return. Over the past 10 years, RNWGX has outperformed JIREX with an annualized return of 11.36%, while JIREX has yielded a comparatively lower 5.38% annualized return.

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%

JIREX

• 1D: 0.38%
• 1M: -1.11%
• YTD: 9.69%
• 6M: 6.28%
• 1Y: 10.32%
• 3Y*: 9.71%
• 5Y*: 3.16%
• 10Y*: 5.38%

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

RNWGX vs. JIREX - 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%	33.07%
JIREX JHancock Real Estate Securities Fund	9.69%	-1.14%	10.74%	12.94%	-28.64%	46.44%	-5.53%	29.33%	-3.46%	4.72%

Correlation

The correlation between RNWGX and JIREX is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.17
Correlation (3Y) Calculated over the trailing 3-year period	0.36
Correlation (5Y) Calculated over the trailing 5-year period	0.48
Correlation (10Y) Calculated over the trailing 10-year period	0.44
Correlation (All Time) Calculated using the full available price history since Jan 5, 2010	0.50

Over the past year, the correlation between RNWGX and JIREX has dropped to 0.17 - well below their long-term average of 0.50, suggesting their price drivers have been diverging.

Return for Risk

RNWGX vs. JIREX — 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

JIREX

JIREX Risk / Return Rank: 17
JIREX Sharpe Ratio Rank: 13
JIREX Sortino Ratio Rank: 13
JIREX Omega Ratio Rank: 12
JIREX Calmar Ratio Rank: 25
JIREX Martin Ratio Rank: 24

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. JIREX - 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 JHancock Real Estate Securities Fund (JIREX). 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	JIREX	Difference
Sharpe ratio: Return per unit of total volatility	2.44	0.96	+1.47
Sortino ratio: Return per unit of downside risk	3.41	1.43	+1.97
Omega ratio: Gain probability vs. loss probability	1.46	1.17	+0.29
Calmar ratio: Return relative to maximum drawdown	2.76	1.81	+0.95
Martin ratio: Return relative to average drawdown	11.36	5.84	+5.51
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. JIREX - Sharpe Ratio Comparison

The current RNWGX Sharpe Ratio is 2.44, which is higher than the JIREX Sharpe Ratio of 0.96. The chart below compares the historical Sharpe Ratios of RNWGX and JIREX, 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	JIREX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.44	0.96	+1.47
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.46	0.17	+0.29
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.71	0.26	+0.44
Sharpe Ratio (All Time) Calculated using the full available price history	0.53	0.23	+0.30

Drawdowns

RNWGX vs. JIREX - Drawdown Comparison

The maximum RNWGX drawdown since its inception was -33.40%, smaller than the maximum JIREX drawdown of -73.35%. Use the drawdown chart below to compare losses from any high point for RNWGX and JIREX.

Drawdown Indicators

	RNWGX	JIREX	Difference
Max Drawdown Largest peak-to-trough decline	-33.40%	-73.35%	+39.95%
Max Drawdown (1Y) Largest decline over 1 year	-13.00%	-7.36%	-5.64%
Max Drawdown (3Y) Largest decline over 3 years	-15.00%	-20.46%	+5.46%
Max Drawdown (5Y) Largest decline over 5 years	-33.40%	-34.41%	+1.01%
Max Drawdown (10Y) Largest decline over 10 years	-33.40%	-41.23%	+7.83%
Current Drawdown Current decline from peak	-0.73%	-3.33%	+2.60%
Average Drawdown Average peak-to-trough decline	-8.06%	-14.82%	+6.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.16%	2.85%	+0.31%

Volatility

RNWGX vs. JIREX - Volatility Comparison

American Funds New World Fund® Class R-6 (RNWGX) has a higher volatility of 5.56% compared to JHancock Real Estate Securities Fund (JIREX) at 4.01%. This indicates that RNWGX's price experiences larger fluctuations and is considered to be riskier than JIREX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RNWGX	JIREX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.56%	4.01%	+1.55%
Volatility (6M) Calculated over the trailing 6-month period	12.53%	10.01%	+2.52%
Volatility (1Y) Calculated over the trailing 1-year period	14.74%	13.84%	+0.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.42%	19.18%	-3.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.14%	21.04%	-4.90%

RNWGX vs. JIREX - Expense Ratio Comparison

RNWGX has a 0.57% expense ratio, which is lower than JIREX's 0.85% expense ratio.

Dividends

RNWGX vs. JIREX - Dividend Comparison

RNWGX's dividend yield for the trailing twelve months is around 5.22%, while JIREX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JIREX JHancock Real Estate Securities Fund	0.00%	0.00%	1.99%	2.37%	13.80%	11.82%	1.92%	8.80%	4.66%	5.89%	8.70%	12.72%
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 JIREX in my portfolio?

RNWGX and JIREX have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RNWGX or JIREX?

RNWGX has higher volatility (5.56%) compared to JIREX (4.01%). In terms of maximum drawdown, RNWGX dropped -33.40% vs JIREX's -73.35%.

Which has better risk-adjusted returns?

RNWGX currently has the higher Sharpe Ratio (2.44 vs 0.96), 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.