CAIFX vs. HTD

Last updated Jun 25, 2026

CAIFX (American Funds Capital Income Builder Fund Class F-2) and HTD (John Hancock Tax-Advantaged Dividend Income Fund) are both Dividend funds. Over the past 10 years, CAIFX returned 8.38%/yr vs 8.49%/yr for HTD. A 0.59 correlation means they provide meaningful diversification when combined. CAIFX charges 0.37%/yr vs 0.01%/yr for HTD.

Performance

CAIFX vs. HTD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Funds Capital Income Builder Fund Class F-2 (CAIFX) and John Hancock Tax-Advantaged Dividend Income Fund (HTD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CAIFX achieves a 7.38% return, which is significantly lower than HTD's 11.93% return. Both investments have delivered pretty close results over the past 10 years, with CAIFX having a 8.38% annualized return and HTD not far ahead at 8.49%.

CAIFX

• 1D: -0.18%
• 1M: -0.03%
• YTD: 7.38%
• 6M: 7.05%
• 1Y: 16.58%
• 3Y*: 15.18%
• 5Y*: 8.77%
• 10Y*: 8.38%

HTD

• 1D: 0.95%
• 1M: 0.86%
• YTD: 11.93%
• 6M: 12.08%
• 1Y: 20.11%
• 3Y*: 17.92%
• 5Y*: 8.13%
• 10Y*: 8.49%

*Multi-year figures are annualized to reflect compound growth (CAGR)

CAIFX vs. HTD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CAIFX American Funds Capital Income Builder Fund Class F-2	7.38%	20.63%	10.47%	9.21%	-6.95%	15.26%	3.41%	17.49%	-7.10%	14.19%
HTD John Hancock Tax-Advantaged Dividend Income Fund	11.93%	15.87%	25.68%	-9.92%	-6.24%	32.36%	-16.54%	42.77%	-9.13%	16.47%

Correlation

The correlation between CAIFX and HTD is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.39
Correlation (3Y) Calculated over the trailing 3-year period	0.53
Correlation (5Y) Calculated over the trailing 5-year period	0.62
Correlation (10Y) Calculated over the trailing 10-year period	0.55
Correlation (All Time) Calculated using the full available price history since Aug 1, 2008	0.59

The correlation between CAIFX and HTD shifts across timeframes, from 0.39 (1 year) to 0.62 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

CAIFX vs. HTD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CAIFX

CAIFX Risk / Return Rank: 64
CAIFX Sharpe Ratio Rank: 68
CAIFX Sortino Ratio Rank: 68
CAIFX Omega Ratio Rank: 67
CAIFX Calmar Ratio Rank: 59
CAIFX Martin Ratio Rank: 60

HTD

HTD Risk / Return Rank: 47
HTD Sharpe Ratio Rank: 40
HTD Sortino Ratio Rank: 35
HTD Omega Ratio Rank: 37
HTD Calmar Ratio Rank: 77
HTD Martin Ratio Rank: 47

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CAIFX vs. HTD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Funds Capital Income Builder Fund Class F-2 (CAIFX) and John Hancock Tax-Advantaged Dividend Income Fund (HTD). 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.

	CAIFX	HTD	Difference
Sharpe ratio: Return per unit of total volatility	2.13	1.66	+0.47
Sortino ratio: Return per unit of downside risk	3.03	2.25	+0.78
Omega ratio: Gain probability vs. loss probability	1.40	1.29	+0.10
Calmar ratio: Return relative to maximum drawdown	2.71	3.27	-0.56
Martin ratio: Return relative to average drawdown	10.73	9.07	+1.67

CAIFX vs. HTD - Sharpe Ratio Comparison

The current CAIFX Sharpe Ratio is 2.13, which is comparable to the HTD Sharpe Ratio of 1.66. The chart below compares the historical Sharpe Ratios of CAIFX and HTD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CAIFX vs. HTD - Drawdown Comparison

The maximum CAIFX drawdown since its inception was -36.83%, smaller than the maximum HTD drawdown of -69.79%. Use the drawdown chart below to compare losses from any high point for CAIFX and HTD.

Drawdown Indicators

	CAIFX	HTD	Difference
Max Drawdown Largest peak-to-trough decline	-36.83%	-69.79%	+32.96%
Max Drawdown (1Y) Largest decline over 1 year	-6.47%	-6.18%	-0.29%
Max Drawdown (3Y) Largest decline over 3 years	-8.88%	-20.94%	+12.06%
Max Drawdown (5Y) Largest decline over 5 years	-17.51%	-31.58%	+14.07%
Max Drawdown (10Y) Largest decline over 10 years	-25.27%	-56.57%	+31.30%
Current Drawdown Current decline from peak	-0.84%	-0.97%	+0.13%
Average Drawdown Average peak-to-trough decline	-4.70%	-8.78%	+4.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.63%	2.22%	-0.59%

Volatility

CAIFX vs. HTD - Volatility Comparison

The current volatility for American Funds Capital Income Builder Fund Class F-2 (CAIFX) is 2.48%, while John Hancock Tax-Advantaged Dividend Income Fund (HTD) has a volatility of 3.33%. This indicates that CAIFX experiences smaller price fluctuations and is considered to be less risky than HTD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CAIFX	HTD	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.48%	3.33%	-0.85%
Volatility (6M) Calculated over the trailing 6-month period	6.61%	8.95%	-2.34%
Volatility (1Y) Calculated over the trailing 1-year period	8.23%	12.19%	-3.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.00%	17.77%	-7.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.80%	22.63%	-11.83%

CAIFX vs. HTD - Expense Ratio Comparison

CAIFX has a 0.37% expense ratio, which is higher than HTD's 0.01% expense ratio.

Dividends

CAIFX vs. HTD - Dividend Comparison

CAIFX's dividend yield for the trailing twelve months is around 7.52%, more than HTD's 7.44% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CAIFX American Funds Capital Income Builder Fund Class F-2	7.52%	7.93%	5.98%	3.69%	3.66%	3.36%	3.60%	4.31%	3.76%	4.63%	3.73%	3.82%
HTD John Hancock Tax-Advantaged Dividend Income Fund	7.44%	7.51%	7.52%	8.73%	7.36%	5.80%	7.97%	6.06%	10.09%	8.85%	7.30%	7.06%

Frequently Asked Questions

Can I hold both CAIFX and HTD in my portfolio?

CAIFX and HTD have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CAIFX or HTD?

HTD has higher volatility (3.33%) compared to CAIFX (2.48%). In terms of maximum drawdown, CAIFX dropped -36.83% vs HTD's -69.79%.

Which has better risk-adjusted returns?

CAIFX currently has the higher Sharpe Ratio (2.13 vs 1.66), 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.