CWBFX Alternatives & Similar Mutual Funds

American Funds Capital World Bond Fund (CWBFX) belongs to the Global Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with CWBFX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to CWBFX

CWBFX charges 0.95% annually. There are 58 mutual funds in the Global Bonds category with lower expense ratios, going as low as 0.06%.

Symbol	Name	Expense Ratio	AUM	Inception
FBIIX	Fidelity International Bond Index Fund	0.06%	—	Oct 2019	CWBFX vs FBIIX
VTILX	Vanguard Total International Bond II Index Fund	0.07%	—	Feb 2021	CWBFX vs VTILX
VTIIX	Vanguard Total International Bond II Index Fund In...	0.11%	—	Feb 2021	CWBFX vs VTIIX
VTIBX	Vanguard Total International Bond Index Fund	0.13%	—	May 2013	CWBFX vs VTIBX
DFGFX	DFA Two Year Global Fixed Income Portfolio	0.16%	—	Feb 1996	CWBFX vs DFGFX

Best Risk-Adjusted Alternatives to CWBFX

CWBFX has a PortfoliosLab risk / return rank of 4. There are 68 mutual funds in the Global Bonds category with higher risk-adjusted ranks, going as high as 98.

Symbol	Name	Risk / Return Rank	AUM	Inception
DGFFX	Destinations Global Fixed Income Opportunities Fun...	98	—	Mar 2017	CWBFX vs DGFFX
EAIIX	Eaton Vance Global Bond Fund	90	—	Jun 2007	CWBFX vs EAIIX
PRSNX	T. Rowe Price Global Multi-Sector Bond Fund	87	—	Dec 2008	CWBFX vs PRSNX
DFSHX	DFA Selectively Hedged Global Fixed Income Portfol...	86	—	Jan 2008	CWBFX vs DFSHX
PYGSX	Payden Global Low Duration Fund	80	—	Sep 1996	CWBFX vs PYGSX

Top Performing CWBFX Alternatives (YTD)

CWBFX is at -0.48% YTD. There are 63 mutual funds in the Global Bonds category with higher YTD returns, going as high as 3.75%.

Symbol	Name	YTD Return	AUM	Inception
EAIIX	Eaton Vance Global Bond Fund	3.75%	—	Jun 2007	CWBFX vs EAIIX
DAIOX	Dunham International Opportunity Bond Fund	2.88%	—	Oct 2013	CWBFX vs DAIOX
DGFFX	Destinations Global Fixed Income Opportunities Fun...	2.55%	—	Mar 2017	CWBFX vs DGFFX
TPINX	Templeton Global Bond Fund	2.14%	—	Sep 1986	CWBFX vs TPINX
FGBRX	Templeton Global Bond Fund - Class R	2.05%	—	Feb 2009	CWBFX vs FGBRX

Lowest Volatility Alternatives to CWBFX

CWBFX has 5.16% 1-year volatility. There are 52 mutual funds in the Global Bonds category with lower 1-year volatility, going as low as 1.52%.

Symbol	Name	Volatility 1Y	AUM	Inception
DFSHX	DFA Selectively Hedged Global Fixed Income Portfol...	1.52%	—	Jan 2008	CWBFX vs DFSHX
PYGSX	Payden Global Low Duration Fund	1.53%	—	Sep 1996	CWBFX vs PYGSX
DFGFX	DFA Two Year Global Fixed Income Portfolio	1.58%	—	Feb 1996	CWBFX vs DFGFX
DFGBX	DFA Five Year Global Fixed Income Portfolio	1.88%	—	Nov 1990	CWBFX vs DFGBX
SAXIX	SA Global Fixed Income Fund	1.97%	—	Jul 1999	CWBFX vs SAXIX

Lowest Drawdown Alternatives to CWBFX

CWBFX has a 1-year max drawdown of -4.45%. There are 52 mutual funds in the Global Bonds category with shallower 1-year drawdowns, going as shallow as -1.19%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
DGFFX	Destinations Global Fixed Income Opportunities Fun...	-1.19%	—	Mar 2017	CWBFX vs DGFFX
PYGSX	Payden Global Low Duration Fund	-1.23%	—	Sep 1996	CWBFX vs PYGSX
DFSHX	DFA Selectively Hedged Global Fixed Income Portfol...	-1.28%	—	Jan 2008	CWBFX vs DFSHX
DFGBX	DFA Five Year Global Fixed Income Portfolio	-1.38%	—	Nov 1990	CWBFX vs DFGBX
DFGFX	DFA Two Year Global Fixed Income Portfolio	-1.41%	—	Feb 1996	CWBFX vs DFGFX

Other Mutual Funds from American Funds

The 10 most viewed American Funds mutual funds shown here include ABALX, AIVSX, RGAGX and span 6 categories.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
ABALX	American Funds American Balanced Fund Class A	Diversified Portfolio	85	9.98%	—	Jul 1975	CWBFX vs ABALX
AIVSX	American Funds Investment Company of America Class...	Large Cap Blend Equities	55	10.91%	—	Jan 1934	CWBFX vs AIVSX
RGAGX	American Funds The Growth Fund of America Class R-...	Large Cap Growth Equities	35	10.24%	—	Dec 1973	CWBFX vs RGAGX
AWSHX	American Funds Washington Mutual Investors Fund Cl...	Large Cap Blend Equities	38	5.89%	—	Jul 1952	CWBFX vs AWSHX
RERGX	American Funds EuroPacific Growth Fund Class R-6	Foreign Large Cap Equities, Large Cap Growth Equities	40	12.33%	—	—	CWBFX vs RERGX
ANCFX	American Funds Fundamental Investors Class A	Large Cap Blend Equities	75	15.14%	—	Jan 1978	CWBFX vs ANCFX
ANWPX	American Funds New Perspective Fund Class A	Large Cap Growth Equities, Global Equities	29	7.38%	—	Mar 1973	CWBFX vs ANWPX
GFFFX	American Funds The Growth Fund of America	Large Cap Growth Equities	34	10.19%	—	Dec 1973	CWBFX vs GFFFX
AMECX	American Funds The Income Fund of America Class A	Diversified Portfolio, Dividend	53	6.34%	—	Dec 1973	CWBFX vs AMECX
AMCPX	American Funds AMCAP Fund Class A	Large Cap Growth Equities	27	6.34%	—	Jan 1967	CWBFX vs AMCPX

Often Compared With CWBFX

Investors most often compare CWBFX with SPY, BNDX, SWPPX. These 20 comparison targets span 14 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
SPY	State Street SPDR S&P 500 ETF	S&P 500	70	10.91%	781.00B	Jan 1993	CWBFX vs SPY
BNDX	Vanguard Total International Bond ETF	Global Bonds	16	0.54%	118.10B	May 2013	CWBFX vs BNDX
SWPPX	Schwab S&P 500 Index Fund	Large Cap Blend Equities, S&P 500	73	11.69%	145.00B	May 1997	CWBFX vs SWPPX
^GSPC	S&P 500 Index		73	10.35%	—	—	CWBFX vs ^GSPC
VBILX	Vanguard Intermediate-Term Bond Index Fund Admiral...	Total Bond Market	18	-0.05%	52.00B	Nov 2001	CWBFX vs VBILX
AHITX	American Funds American High-Income Trust	High Yield Bonds	83	2.19%	—	Feb 1988	CWBFX vs AHITX
IAGG	iShares Core International Aggregate Bond ETF	Global Bonds	22	0.92%	13.48B	Nov 2015	CWBFX vs IAGG
VOO	Vanguard S&P 500 ETF	S&P 500	70	10.91%	1.60T	Sep 2010	CWBFX vs VOO
ABNDX	American Funds The Bond Fund of America	Intermediate Core Bond	19	0.10%	—	May 1974	CWBFX vs ABNDX
EELDX	Eaton Vance Emerging Markets Debt Opportunities Fu...	Emerging Markets Bonds	97	6.66%	—	Feb 2013	CWBFX vs EELDX
UDBPX	UBS Sustainable Development Bank Bond Fund	Global Bonds	20	0.16%	—	Oct 2018	CWBFX vs UDBPX
TNBMX	T. Rowe Price International Bond Fund (USD Hedged)	Global Bonds	39	0.97%	—	Sep 2017	CWBFX vs TNBMX
DODLX	Dodge & Cox Global Bond Fund	Global Bonds	32	1.32%	—	Apr 2014	CWBFX vs DODLX
BFCAX	American Funds Corporate Bond Fund	Corporate Bonds	19	0.46%	—	Dec 2012	CWBFX vs BFCAX
ANBAX	American Funds Strategic Bond Fund	Intermediate Core-Plus Bond	7	-0.70%	—	Mar 2016	CWBFX vs ANBAX
SMCWX	American Funds SMALLCAP World Fund Class A	Foreign Small & Mid Cap Equities, Mid Cap Growth Equities	35	12.78%	—	Apr 1990	CWBFX vs SMCWX
ANEFX	American Funds The New Economy Fund	Global Equities	88	22.90%	—	Nov 1983	CWBFX vs ANEFX
DOXLX	Dodge & Cox Global Bond Fund	Global Bonds	33	1.33%	—	May 2014	CWBFX vs DOXLX
NEWFX	American Funds New World Fund	Emerging Markets Diversified	65	17.42%	—	Jun 1999	CWBFX vs NEWFX
AGTHX	American Funds The Growth Fund of America Class A	Large Cap Growth Equities	34	10.09%	—	Dec 1973	CWBFX vs AGTHX

Compare CWBFX with Any Fund or Stock

Compare CWBFX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

Symbol name

Diversifiers

Pair CWBFX with funds that move differently

American Funds Capital World Bond Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to CWBFX.

Explore CWBFX Diversifiers

American Funds Capital World Bond Fund (CWBFX) Alternatives