AIBAX vs. CWGIX
AIBAX (American Funds Intermediate Bond Fund of America) and CWGIX (American Funds Capital World Growth and Income Fund Class A) are both mutual funds - AIBAX is a Short-Term Bond fund managed by American Funds, while CWGIX is a Global Equities fund managed by American Funds. Over the past 10 years, AIBAX returned 1.68%/yr vs 12.07%/yr for CWGIX. At a correlation of -0.07, they often move in opposite directions. AIBAX charges 0.63%/yr vs 0.75%/yr for CWGIX.
Performance
AIBAX vs. CWGIX - Performance Comparison
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Returns By Period
In the year-to-date period, AIBAX achieves a -0.10% return, which is significantly lower than CWGIX's 15.64% return. Over the past 10 years, AIBAX has underperformed CWGIX with an annualized return of 1.68%, while CWGIX has yielded a comparatively higher 12.07% annualized return.
AIBAX
- 1D
- -0.16%
- 1M
- -0.07%
- YTD
- -0.10%
- 6M
- 0.30%
- 1Y
- 3.41%
- 3Y*
- 4.03%
- 5Y*
- 0.93%
- 10Y*
- 1.68%
CWGIX
- 1D
- -0.69%
- 1M
- 4.99%
- YTD
- 15.64%
- 6M
- 16.94%
- 1Y
- 32.69%
- 3Y*
- 21.94%
- 5Y*
- 11.16%
- 10Y*
- 12.07%
AIBAX vs. CWGIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AIBAX American Funds Intermediate Bond Fund of America | -0.10% | 6.83% | 2.91% | 4.09% | -8.02% | -0.89% | 7.36% | 4.40% | 0.92% | 1.06% |
CWGIX American Funds Capital World Growth and Income Fund Class A | 15.64% | 24.68% | 13.85% | 20.55% | -17.32% | 14.74% | 15.31% | 25.32% | -10.60% | 24.55% |
Correlation
The correlation between AIBAX and CWGIX is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Mar 29, 1993 | -0.07 |
The correlation between AIBAX and CWGIX shifts across timeframes, from -0.07 (all time) to 0.28 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
AIBAX vs. CWGIX — Risk / Return Rank
AIBAX
CWGIX
AIBAX vs. CWGIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds Intermediate Bond Fund of America (AIBAX) 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.
| AIBAX | CWGIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.16 | ||
| Sortino ratioReturn per unit of downside risk | -1.34 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.45 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.76 | 3.17 | -1.41 |
| Martin ratioReturn relative to average drawdown | 5.41 | 13.96 | -8.55 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AIBAX | CWGIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.31 | 2.47 | -1.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.22 | 0.74 | -0.51 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.51 | 0.75 | -0.24 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.26 | 0.69 | +0.57 |
Drawdowns
AIBAX vs. CWGIX - Drawdown Comparison
The maximum AIBAX drawdown since its inception was -11.42%, smaller than the maximum CWGIX drawdown of -54.47%. Use the drawdown chart below to compare losses from any high point for AIBAX and CWGIX.
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Drawdown Indicators
| AIBAX | CWGIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.42% | -54.47% | +43.05% |
Max Drawdown (1Y)Largest decline over 1 year | -2.18% | -10.52% | +8.34% |
Max Drawdown (3Y)Largest decline over 3 years | -2.99% | -15.56% | +12.57% |
Max Drawdown (5Y)Largest decline over 5 years | -11.33% | -27.18% | +15.85% |
Max Drawdown (10Y)Largest decline over 10 years | -11.42% | -32.00% | +20.58% |
Current DrawdownCurrent decline from peak | -1.23% | -0.69% | -0.54% |
Average DrawdownAverage peak-to-trough decline | -1.19% | -7.13% | +5.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.71% | 2.39% | -1.68% |
Volatility
AIBAX vs. CWGIX - Volatility Comparison
The current volatility for American Funds Intermediate Bond Fund of America (AIBAX) is 0.97%, while American Funds Capital World Growth and Income Fund Class A (CWGIX) has a volatility of 4.52%. This indicates that AIBAX 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
| AIBAX | CWGIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.97% | 4.52% | -3.55% |
Volatility (6M)Calculated over the trailing 6-month period | 2.02% | 11.07% | -9.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.93% | 13.52% | -10.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.19% | 15.20% | -11.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.29% | 16.05% | -12.76% |
AIBAX vs. CWGIX - Expense Ratio Comparison
AIBAX has a 0.63% expense ratio, which is lower than CWGIX's 0.75% expense ratio.
Dividends
AIBAX vs. CWGIX - Dividend Comparison
AIBAX's dividend yield for the trailing twelve months is around 3.86%, less than CWGIX's 9.14% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AIBAX American Funds Intermediate Bond Fund of America | 3.86% | 3.87% | 4.00% | 3.01% | 1.63% | 0.91% | 3.25% | 2.59% | 1.66% | 1.21% | 1.72% | 1.85% |
CWGIX American Funds Capital World Growth and Income Fund Class A | 9.14% | 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
AIBAX and CWGIX have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CWGIX has higher volatility (4.52%) compared to AIBAX (0.97%). In terms of maximum drawdown, AIBAX dropped -11.42% vs CWGIX's -54.47%.
CWGIX currently has the higher Sharpe Ratio (2.47 vs 1.31), 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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