RWMGX vs. LOMAX

Last updated Jun 4, 2026

RWMGX (American Funds Washington Mutual Investors Fund Class R-6) and LOMAX (Edgar Lomax Value Fund) are both mutual funds - RWMGX is a Large Cap Blend Equities fund managed by American Funds, while LOMAX is a Large Cap Value Equities fund managed by Edgar Lomax. Over the past 10 years, RWMGX returned 13.22%/yr vs 10.56%/yr for LOMAX. Their correlation of 0.89 suggests significant overlap in exposure. RWMGX charges 0.27%/yr vs 0.70%/yr for LOMAX.

Performance

RWMGX vs. LOMAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Funds Washington Mutual Investors Fund Class R-6 (RWMGX) and Edgar Lomax Value Fund (LOMAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RWMGX achieves a 6.01% return, which is significantly lower than LOMAX's 8.88% return. Over the past 10 years, RWMGX has outperformed LOMAX with an annualized return of 13.22%, while LOMAX has yielded a comparatively lower 10.56% annualized return.

RWMGX

• 1D: 0.39%
• 1M: 2.82%
• YTD: 6.01%
• 6M: 6.16%
• 1Y: 17.89%
• 3Y*: 18.60%
• 5Y*: 12.25%
• 10Y*: 13.22%

LOMAX

• 1D: 0.11%
• 1M: 0.06%
• YTD: 8.88%
• 6M: 9.94%
• 1Y: 24.13%
• 3Y*: 16.33%
• 5Y*: 9.46%
• 10Y*: 10.56%

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

RWMGX vs. LOMAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RWMGX American Funds Washington Mutual Investors Fund Class R-6	6.01%	17.56%	19.35%	17.58%	-8.17%	28.84%	8.02%	25.78%	-5.91%	20.38%
LOMAX Edgar Lomax Value Fund	8.88%	18.09%	10.29%	5.19%	-0.46%	25.80%	-5.77%	23.27%	-3.31%	19.52%

Correlation

The correlation between RWMGX and LOMAX is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.65
Correlation (3Y) Calculated over the trailing 3-year period	0.71
Correlation (5Y) Calculated over the trailing 5-year period	0.81
Correlation (10Y) Calculated over the trailing 10-year period	0.85
Correlation (All Time) Calculated using the full available price history since Jan 5, 2010	0.89

Over the past year, the correlation between RWMGX and LOMAX has dropped to 0.65 - well below their long-term average of 0.89, suggesting their price drivers have been diverging.

Return for Risk

RWMGX vs. LOMAX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

RWMGX

RWMGX Risk / Return Rank: 39
RWMGX Sharpe Ratio Rank: 39
RWMGX Sortino Ratio Rank: 38
RWMGX Omega Ratio Rank: 39
RWMGX Calmar Ratio Rank: 35
RWMGX Martin Ratio Rank: 46

LOMAX

LOMAX Risk / Return Rank: 79
LOMAX Sharpe Ratio Rank: 77
LOMAX Sortino Ratio Rank: 79
LOMAX Omega Ratio Rank: 60
LOMAX Calmar Ratio Rank: 93
LOMAX Martin Ratio Rank: 87

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.

RWMGX vs. LOMAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Funds Washington Mutual Investors Fund Class R-6 (RWMGX) and Edgar Lomax Value Fund (LOMAX). 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.

	RWMGX	LOMAX	Difference
Sharpe ratio Return per unit of total volatility	1.81	2.54	-0.73
Sortino ratio Return per unit of downside risk	2.58	3.74	-1.16
Omega ratio Gain probability vs. loss probability	1.33	1.43	-0.10
Calmar ratio Return relative to maximum drawdown	2.23	5.11	-2.88
Martin ratio Return relative to average drawdown	9.68	16.90	-7.22
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RWMGX vs. LOMAX - Sharpe Ratio Comparison

The current RWMGX Sharpe Ratio is 1.81, which is comparable to the LOMAX Sharpe Ratio of 2.54. The chart below compares the historical Sharpe Ratios of RWMGX and LOMAX, 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

	RWMGX	LOMAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.81	2.54	-0.73
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.87	0.72	+0.16
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.81	0.64	+0.17
Sharpe Ratio (All Time) Calculated using the full available price history	0.82	0.40	+0.43

Drawdowns

RWMGX vs. LOMAX - Drawdown Comparison

The maximum RWMGX drawdown since its inception was -34.64%, smaller than the maximum LOMAX drawdown of -57.82%. Use the drawdown chart below to compare losses from any high point for RWMGX and LOMAX.

Drawdown Indicators

	RWMGX	LOMAX	Difference
Max Drawdown Largest peak-to-trough decline	-34.64%	-57.82%	+23.18%
Max Drawdown (1Y) Largest decline over 1 year	-8.35%	-4.86%	-3.49%
Max Drawdown (3Y) Largest decline over 3 years	-14.61%	-11.93%	-2.68%
Max Drawdown (5Y) Largest decline over 5 years	-18.46%	-17.50%	-0.96%
Max Drawdown (10Y) Largest decline over 10 years	-34.64%	-37.81%	+3.17%
Current Drawdown Current decline from peak	0.00%	-1.74%	+1.74%
Average Drawdown Average peak-to-trough decline	-3.12%	-9.40%	+6.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.92%	1.47%	+0.45%

Volatility

RWMGX vs. LOMAX - Volatility Comparison

The current volatility for American Funds Washington Mutual Investors Fund Class R-6 (RWMGX) is 2.42%, while Edgar Lomax Value Fund (LOMAX) has a volatility of 2.66%. This indicates that RWMGX experiences smaller price fluctuations and is considered to be less risky than LOMAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RWMGX	LOMAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.42%	2.66%	-0.24%
Volatility (6M) Calculated over the trailing 6-month period	7.89%	6.95%	+0.94%
Volatility (1Y) Calculated over the trailing 1-year period	10.32%	9.76%	+0.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.10%	13.23%	+0.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.33%	16.50%	-0.17%

RWMGX vs. LOMAX - Expense Ratio Comparison

RWMGX has a 0.27% expense ratio, which is lower than LOMAX's 0.70% expense ratio.

Dividends

RWMGX vs. LOMAX - Dividend Comparison

RWMGX's dividend yield for the trailing twelve months is around 9.82%, more than LOMAX's 5.82% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LOMAX Edgar Lomax Value Fund	5.82%	6.34%	6.27%	4.66%	7.73%	5.11%	12.52%	2.16%	15.97%	8.80%	2.68%	15.54%
RWMGX American Funds Washington Mutual Investors Fund Class R-6	9.82%	10.36%	10.36%	6.42%	6.63%	6.33%	3.35%	6.91%	4.67%	7.52%	6.66%	6.55%

Frequently Asked Questions

Can I hold both RWMGX and LOMAX in my portfolio?

RWMGX and LOMAX have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RWMGX or LOMAX?

LOMAX has higher volatility (2.66%) compared to RWMGX (2.42%). In terms of maximum drawdown, RWMGX dropped -34.64% vs LOMAX's -57.82%.

Which has better risk-adjusted returns?

LOMAX currently has the higher Sharpe Ratio (2.54 vs 1.81), 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.