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 | |
|---|---|---|---|---|---|
| Fidelity International Bond Index Fund | 0.06% | — | Oct 2019 | CWBFX vs FBIIX | |
| Vanguard Total International Bond II Index Fund | 0.07% | — | Feb 2021 | CWBFX vs VTILX | |
| Vanguard Total International Bond Index Fund Admir... | 0.10% | 123.30B | May 2013 | CWBFX vs VTABX | |
| Vanguard Total International Bond II Index Fund In... | 0.11% | — | Feb 2021 | CWBFX vs VTIIX | |
| Vanguard Total International Bond Index Fund | 0.13% | — | May 2013 | CWBFX vs VTIBX |
Best Risk-Adjusted Alternatives to CWBFX
CWBFX has a PortfoliosLab risk / return rank of 7. There are 65 mutual funds in the Global Bonds category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| DFA Two Year Global Fixed Income Portfolio | 100 | — | Feb 1996 | CWBFX vs DFGFX | |
| Destinations Global Fixed Income Opportunities Fun... | 98 | — | Mar 2017 | CWBFX vs DGFFX | |
| Eaton Vance Global Bond Fund | 97 | — | Jun 2007 | CWBFX vs EAIIX | |
| Payden Global Low Duration Fund | 89 | — | Sep 1996 | CWBFX vs PYGSX | |
| DFA Selectively Hedged Global Fixed Income Portfol... | 87 | — | Jan 2008 | CWBFX vs DFSHX |
Top Performing CWBFX Alternatives (YTD)
CWBFX is at -1.51% YTD. There are 65 mutual funds in the Global Bonds category with higher YTD returns, going as high as 4.51%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Eaton Vance Global Bond Fund | 4.51% | — | Jun 2007 | CWBFX vs EAIIX | |
| Templeton Global Bond Fund | 3.06% | — | Sep 1986 | CWBFX vs TPINX | |
| Templeton Global Bond Fund - Class R | 2.94% | — | Feb 2009 | CWBFX vs FGBRX | |
| Destinations Global Fixed Income Opportunities Fun... | 2.91% | — | Mar 2017 | CWBFX vs DGFFX | |
| BrandywineGLOBAL - Global Opportunities Bond Fund | 2.45% | — | Oct 2006 | CWBFX vs GOBSX |
Lowest Volatility Alternatives to CWBFX
CWBFX has 4.96% 1-year volatility. There are 53 mutual funds in the Global Bonds category with lower 1-year volatility, going as low as 0.73%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| DFA Two Year Global Fixed Income Portfolio | 0.73% | — | Feb 1996 | CWBFX vs DFGFX | |
| Payden Global Low Duration Fund | 1.54% | — | Sep 1996 | CWBFX vs PYGSX | |
| DFA Five Year Global Fixed Income Portfolio | 1.55% | — | Nov 1990 | CWBFX vs DFGBX | |
| DFA Selectively Hedged Global Fixed Income Portfol... | 1.65% | — | Jan 2008 | CWBFX vs DFSHX | |
| 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 53 mutual funds in the Global Bonds category with shallower 1-year drawdowns, going as shallow as -0.20%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| DFA Two Year Global Fixed Income Portfolio | -0.20% | — | Feb 1996 | CWBFX vs DFGFX | |
| Destinations Global Fixed Income Opportunities Fun... | -1.19% | — | Mar 2017 | CWBFX vs DGFFX | |
| Payden Global Low Duration Fund | -1.23% | — | Sep 1996 | CWBFX vs PYGSX | |
| DFA Selectively Hedged Global Fixed Income Portfol... | -1.28% | — | Jan 2008 | CWBFX vs DFSHX | |
| DFA Five Year Global Fixed Income Portfolio | -1.38% | — | Nov 1990 | CWBFX vs DFGBX |
Other Mutual Funds from American Funds
The 10 most viewed American Funds mutual funds shown here include ABALX, AIVSX, AWSHX and span 7 categories.
Often Compared With CWBFX
Investors most often compare CWBFX with SPY, SWPPX, BNDX. These 20 comparison targets span 13 categories, based on PortfoliosLab usage data.
Compare CWBFX with Any Fund or Stock
Compare CWBFX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
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