AHITX vs. CWGIX
AHITX (American Funds American High-Income Trust) and CWGIX (American Funds Capital World Growth and Income Fund Class A) are both mutual funds - AHITX is a High Yield Bonds fund managed by American Funds, while CWGIX is a Global Equities fund managed by American Funds. Over the past 10 years, AHITX returned 5.50%/yr vs 11.67%/yr for CWGIX. Their 0.44 correlation means their historical movements had little consistent relationship. AHITX charges 0.69%/yr vs 0.75%/yr for CWGIX.
Performance
AHITX vs. CWGIX - Performance Comparison
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Returns By Period
In the year-to-date period, AHITX achieves a 0.99% return, which is significantly lower than CWGIX's 14.04% return. Over the past 10 years, AHITX has underperformed CWGIX with an annualized return of 5.50%, while CWGIX has yielded a comparatively higher 11.67% annualized return.
AHITX
- 1D
- 0.00%
- 1M
- -1.12%
- 6M
- 0.27%
- YTD
- 0.99%
- 1Y
- 4.72%
- 3Y*
- 8.12%
- 5Y*
- 3.95%
- 10Y*
- 5.50%
- ALL TIME*
- 7.25%
CWGIX
- 1D
- 0.90%
- 1M
- -0.17%
- 6M
- 8.04%
- YTD
- 14.04%
- 1Y
- 27.69%
- 3Y*
- 19.10%
- 5Y*
- 10.92%
- 10Y*
- 11.67%
- ALL TIME*
- 10.53%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
AHITX vs. CWGIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AHITX American Funds American High-Income Trust | 0.99% | 8.28% | 9.45% | 11.43% | -10.38% | 8.32% | 7.01% | 11.86% | -1.80% | 7.30% |
CWGIX American Funds Capital World Growth and Income Fund Class A | 14.04% | 24.68% | 13.85% | 20.55% | -17.32% | 14.74% | 15.31% | 25.32% | -10.60% | 24.55% |
Correlation
The correlation between AHITX and CWGIX is 0.66, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.66 |
Correlation (3Y) Balances recent behavior with more history. | 0.56 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.58 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.54 |
Correlation (All Time) Calculated using the full available price history since Mar 26, 1993 | 0.44 |
Over the past year, AHITX and CWGIX have become more correlated (0.66) than their long-term average of 0.44, meaning their price movements have been converging.
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Return for Risk
AHITX vs. CWGIX — Risk / Return Rank
AHITX
CWGIX
AHITX vs. CWGIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds American High-Income Trust (AHITX) and American Funds Capital World Growth and Income Fund Class A (CWGIX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AHITX | CWGIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.40 | ||
| Sortino ratioReturn per unit of downside risk | -0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.31 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.88 | 2.49 | -0.61 |
| Martin ratioReturn relative to average drawdown | 7.90 | 10.12 | -2.22 |
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Drawdowns
AHITX vs. CWGIX - Drawdown Comparison
The maximum AHITX drawdown since its inception was -34.81%, smaller than the maximum CWGIX drawdown of -54.47%. Use the drawdown chart below to compare losses from any high point for AHITX and CWGIX.
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Drawdown Indicators
| AHITX | CWGIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.81% | -54.47% | +19.66% |
Max Drawdown (1Y)Largest decline over 1 year | -2.41% | -10.52% | +8.11% |
Max Drawdown (3Y)Largest decline over 3 years | -3.96% | -15.56% | +11.60% |
Max Drawdown (5Y)Largest decline over 5 years | -13.93% | -27.18% | +13.25% |
Max Drawdown (10Y)Largest decline over 10 years | -21.22% | -32.00% | +10.78% |
Current DrawdownCurrent decline from peak | -1.22% | -2.06% | +0.84% |
Average DrawdownAverage peak-to-trough decline | -2.66% | -7.11% | +4.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.57% | 2.58% | -2.01% |
Volatility
AHITX vs. CWGIX - Volatility Comparison
The current volatility for American Funds American High-Income Trust (AHITX) is 0.66%, while American Funds Capital World Growth and Income Fund Class A (CWGIX) has a volatility of 4.42%. This indicates that AHITX experiences smaller price fluctuations and is considered to be less risky than CWGIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AHITX | CWGIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.66% | 4.42% | -3.76% |
Volatility (6M)Calculated over the trailing 6-month period | 2.71% | 12.74% | -10.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.43% | 15.13% | -11.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.98% | 15.46% | -10.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.44% | 16.02% | -10.58% |
AHITX vs. CWGIX - Expense Ratio Comparison
AHITX has a 0.69% expense ratio, which is lower than CWGIX's 0.75% expense ratio.
Dividends
AHITX vs. CWGIX - Dividend Comparison
AHITX's dividend yield for the trailing twelve months is around 5.83%, less than CWGIX's 9.31% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AHITX American Funds American High-Income Trust | 5.83% | 6.26% | 6.25% | 5.87% | 4.17% | 4.27% | 5.81% | 6.19% | 6.31% | 5.99% | 5.05% | 6.92% |
CWGIX American Funds Capital World Growth and Income Fund Class A | 9.31% | 10.54% | 7.88% | 3.20% | 2.09% | 6.82% | 1.23% | 2.44% | 7.00% | 6.63% | 4.96% | 3.78% |
Frequently Asked Questions
AHITX and CWGIX have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CWGIX has higher volatility (4.42%) compared to AHITX (0.66%). In terms of maximum drawdown, AHITX dropped -34.81% vs CWGIX's -54.47%.
CWGIX currently has the higher Sharpe Ratio (1.73 vs 1.34), 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.
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