SMCWX vs. NEWFX
Compare and contrast key facts about American Funds SMALLCAP World Fund Class A (SMCWX) and American Funds New World Fund (NEWFX).
SMCWX is managed by American Funds. It was launched on Apr 30, 1990. NEWFX is managed by American Funds. It was launched on Jun 16, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SMCWX or NEWFX.
Key characteristics
| SMCWX | NEWFX | |
|---|---|---|
| YTD Return | 7.88% | 10.93% |
| 1Y Return | 25.45% | 20.39% |
| 3Y Return (Ann) | -8.45% | -1.20% |
| 5Y Return (Ann) | 4.57% | 6.40% |
| 10Y Return (Ann) | 4.98% | 6.28% |
| Sharpe Ratio | 1.69 | 1.73 |
| Sortino Ratio | 2.40 | 2.44 |
| Omega Ratio | 1.30 | 1.32 |
| Calmar Ratio | 0.64 | 0.90 |
| Martin Ratio | 8.63 | 9.21 |
| Ulcer Index | 2.86% | 2.13% |
| Daily Std Dev | 14.63% | 11.36% |
| Max Drawdown | -61.27% | -56.09% |
| Current Drawdown | -23.32% | -5.83% |
Correlation
The correlation between SMCWX and NEWFX is 0.85, 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.
Performance
SMCWX vs. NEWFX - Performance Comparison
In the year-to-date period, SMCWX achieves a 7.88% return, which is significantly lower than NEWFX's 10.93% return. Over the past 10 years, SMCWX has underperformed NEWFX with an annualized return of 4.98%, while NEWFX has yielded a comparatively higher 6.28% 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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SMCWX vs. NEWFX - Expense Ratio Comparison
SMCWX has a 1.02% expense ratio, which is higher than NEWFX's 0.96% expense ratio.
Risk-Adjusted Performance
SMCWX vs. NEWFX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds SMALLCAP World Fund Class A (SMCWX) and American Funds New World Fund (NEWFX). 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
SMCWX vs. NEWFX - Dividend Comparison
SMCWX's dividend yield for the trailing twelve months is around 0.59%, less than NEWFX's 1.11% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMCWX American Funds SMALLCAP World Fund Class A | 0.59% | 0.64% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.35% | 0.00% | 10.48% | 4.95% |
NEWFX American Funds New World Fund | 1.11% | 1.24% | 0.89% | 0.43% | 0.10% | 1.04% | 1.02% | 0.94% | 0.92% | 0.60% | 6.75% | 2.97% |
Drawdowns
SMCWX vs. NEWFX - Drawdown Comparison
The maximum SMCWX drawdown since its inception was -61.27%, which is greater than NEWFX's maximum drawdown of -56.09%. Use the drawdown chart below to compare losses from any high point for SMCWX and NEWFX. For additional features, visit the drawdowns tool.
Volatility
SMCWX vs. NEWFX - Volatility Comparison
American Funds SMALLCAP World Fund Class A (SMCWX) has a higher volatility of 3.53% compared to American Funds New World Fund (NEWFX) at 3.30%. This indicates that SMCWX's price experiences larger fluctuations and is considered to be riskier than NEWFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.