CAPAX vs. CAIBX
Compare and contrast key facts about Federated Hermes Capital Income Fund (CAPAX) and American Funds Capital Income Builder Class A (CAIBX).
CAPAX is managed by Federated. It was launched on May 26, 1988. CAIBX is managed by American Funds. It was launched on Jul 30, 1987.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CAPAX or CAIBX.
Key characteristics
| CAPAX | CAIBX | |
|---|---|---|
| YTD Return | 11.50% | 12.79% |
| 1Y Return | 20.10% | 22.52% |
| 3Y Return (Ann) | 2.54% | 5.33% |
| 5Y Return (Ann) | 5.88% | 6.94% |
| 10Y Return (Ann) | 4.28% | 5.72% |
| Sharpe Ratio | 3.55 | 3.00 |
| Sortino Ratio | 5.23 | 4.24 |
| Omega Ratio | 1.74 | 1.58 |
| Calmar Ratio | 1.98 | 2.91 |
| Martin Ratio | 23.26 | 20.58 |
| Ulcer Index | 0.90% | 1.13% |
| Daily Std Dev | 5.86% | 7.75% |
| Max Drawdown | -59.17% | -42.73% |
| Current Drawdown | 0.00% | -1.04% |
Correlation
The correlation between CAPAX and CAIBX is 0.74, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
CAPAX vs. CAIBX - Performance Comparison
In the year-to-date period, CAPAX achieves a 11.50% return, which is significantly lower than CAIBX's 12.79% return. Over the past 10 years, CAPAX has underperformed CAIBX with an annualized return of 4.28%, while CAIBX has yielded a comparatively higher 5.72% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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CAPAX vs. CAIBX - Expense Ratio Comparison
CAPAX has a 0.88% expense ratio, which is higher than CAIBX's 0.59% expense ratio.
Risk-Adjusted Performance
CAPAX vs. CAIBX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Federated Hermes Capital Income Fund (CAPAX) and American Funds Capital Income Builder Class A (CAIBX). 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.
Dividends
CAPAX vs. CAIBX - Dividend Comparison
CAPAX's dividend yield for the trailing twelve months is around 3.15%, more than CAIBX's 3.10% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CAPAX Federated Hermes Capital Income Fund | 3.15% | 3.37% | 3.69% | 3.31% | 3.45% | 3.64% | 4.43% | 3.91% | 4.23% | 5.54% | 6.10% | 5.20% |
CAIBX American Funds Capital Income Builder Class A | 3.10% | 3.36% | 3.43% | 3.14% | 3.38% | 3.29% | 3.80% | 3.41% | 3.52% | 3.60% | 4.63% | 3.30% |
Drawdowns
CAPAX vs. CAIBX - Drawdown Comparison
The maximum CAPAX drawdown since its inception was -59.17%, which is greater than CAIBX's maximum drawdown of -42.73%. Use the drawdown chart below to compare losses from any high point for CAPAX and CAIBX. For additional features, visit the drawdowns tool.
Volatility
CAPAX vs. CAIBX - Volatility Comparison
The current volatility for Federated Hermes Capital Income Fund (CAPAX) is 1.67%, while American Funds Capital Income Builder Class A (CAIBX) has a volatility of 1.79%. This indicates that CAPAX experiences smaller price fluctuations and is considered to be less risky than CAIBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.