CSMIX vs. CAIBX

Last updated Jun 23, 2026

CSMIX (Columbia Small Cap Value Fund I) and CAIBX (American Funds Capital Income Builder Class A) are both mutual funds - CSMIX is a Small Cap Value Equities fund managed by Columbia, while CAIBX is a Diversified Portfolio fund managed by American Funds. Over the past 10 years, CSMIX returned 11.99%/yr vs 7.88%/yr for CAIBX. A 0.68 correlation means they provide meaningful diversification when combined. CSMIX charges 1.26%/yr vs 0.59%/yr for CAIBX.

Performance

CSMIX vs. CAIBX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Columbia Small Cap Value Fund I (CSMIX) and American Funds Capital Income Builder Class A (CAIBX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CSMIX achieves a 15.08% return, which is significantly higher than CAIBX's 7.43% return. Over the past 10 years, CSMIX has outperformed CAIBX with an annualized return of 11.99%, while CAIBX has yielded a comparatively lower 7.88% annualized return.

CSMIX

• 1D: 1.38%
• 1M: 3.48%
• YTD: 15.08%
• 6M: 13.46%
• 1Y: 38.08%
• 3Y*: 17.68%
• 5Y*: 10.54%
• 10Y*: 11.99%

CAIBX

• 1D: 0.00%
• 1M: 0.08%
• YTD: 7.43%
• 6M: 7.74%
• 1Y: 17.79%
• 3Y*: 14.33%
• 5Y*: 8.82%
• 10Y*: 7.88%

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

CSMIX vs. CAIBX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CSMIX Columbia Small Cap Value Fund I	15.08%	14.65%	8.66%	21.42%	-8.87%	28.95%	7.82%	21.01%	-18.37%	13.77%
CAIBX American Funds Capital Income Builder Class A	7.43%	20.39%	10.24%	8.95%	-7.14%	14.99%	3.20%	17.23%	-7.28%	13.99%

Correlation

The correlation between CSMIX and CAIBX is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.66
Correlation (3Y) Calculated over the trailing 3-year period	0.73
Correlation (5Y) Calculated over the trailing 5-year period	0.77
Correlation (10Y) Calculated over the trailing 10-year period	0.72
Correlation (All Time) Calculated using the full available price history since Jul 30, 1987	0.68

The correlation between CSMIX and CAIBX shifts across timeframes, from 0.66 (1 year) to 0.77 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

CSMIX vs. CAIBX — Risk / Return Rank

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

CSMIX

CSMIX Risk / Return Rank: 60
CSMIX Sharpe Ratio Rank: 58
CSMIX Sortino Ratio Rank: 59
CSMIX Omega Ratio Rank: 49
CSMIX Calmar Ratio Rank: 73
CSMIX Martin Ratio Rank: 59

CAIBX

CAIBX Risk / Return Rank: 60
CAIBX Sharpe Ratio Rank: 63
CAIBX Sortino Ratio Rank: 64
CAIBX Omega Ratio Rank: 63
CAIBX Calmar Ratio Rank: 55
CAIBX Martin Ratio Rank: 57

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.

CSMIX vs. CAIBX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Columbia Small Cap Value Fund I (CSMIX) 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.

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.

	CSMIX	CAIBX	Difference
Sharpe ratio: Return per unit of total volatility	2.07	2.15	-0.08
Sortino ratio: Return per unit of downside risk	2.95	3.05	-0.10
Omega ratio: Gain probability vs. loss probability	1.35	1.40	-0.05
Calmar ratio: Return relative to maximum drawdown	3.15	2.73	+0.42
Martin ratio: Return relative to average drawdown	11.11	10.80	+0.30

CSMIX vs. CAIBX - Sharpe Ratio Comparison

The current CSMIX Sharpe Ratio is 2.07, which is comparable to the CAIBX Sharpe Ratio of 2.15. The chart below compares the historical Sharpe Ratios of CSMIX and CAIBX, 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

CSMIX vs. CAIBX - Drawdown Comparison

The maximum CSMIX drawdown since its inception was -53.37%, which is greater than CAIBX's maximum drawdown of -43.68%. Use the drawdown chart below to compare losses from any high point for CSMIX and CAIBX.

Drawdown Indicators

	CSMIX	CAIBX	Difference
Max Drawdown Largest peak-to-trough decline	-53.37%	-43.68%	-9.69%
Max Drawdown (1Y) Largest decline over 1 year	-11.94%	-6.47%	-5.47%
Max Drawdown (3Y) Largest decline over 3 years	-25.98%	-8.89%	-17.09%
Max Drawdown (5Y) Largest decline over 5 years	-25.98%	-17.65%	-8.33%
Max Drawdown (10Y) Largest decline over 10 years	-48.42%	-25.28%	-23.14%
Current Drawdown Current decline from peak	-1.44%	-0.72%	-0.72%
Average Drawdown Average peak-to-trough decline	-8.91%	-3.80%	-5.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.37%	1.63%	+1.74%

Volatility

CSMIX vs. CAIBX - Volatility Comparison

Columbia Small Cap Value Fund I (CSMIX) has a higher volatility of 4.95% compared to American Funds Capital Income Builder Class A (CAIBX) at 2.56%. This indicates that CSMIX's price experiences larger fluctuations and is considered to be riskier than CAIBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CSMIX	CAIBX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.95%	2.56%	+2.39%
Volatility (6M) Calculated over the trailing 6-month period	12.06%	6.63%	+5.43%
Volatility (1Y) Calculated over the trailing 1-year period	18.15%	8.23%	+9.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.48%	10.01%	+11.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.94%	10.89%	+13.05%

CSMIX vs. CAIBX - Expense Ratio Comparison

CSMIX has a 1.26% expense ratio, which is higher than CAIBX's 0.59% expense ratio.

Dividends

CSMIX vs. CAIBX - Dividend Comparison

CSMIX's dividend yield for the trailing twelve months is around 12.36%, more than CAIBX's 7.30% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CAIBX American Funds Capital Income Builder Class A	7.30%	7.71%	5.76%	3.47%	3.43%	3.14%	3.38%	4.10%	3.55%	4.44%	3.52%	3.62%
CSMIX Columbia Small Cap Value Fund I	12.36%	14.23%	6.67%	7.57%	6.02%	13.34%	0.50%	3.58%	9.79%	11.56%	11.58%	12.73%

Frequently Asked Questions

Can I hold both CSMIX and CAIBX in my portfolio?

CSMIX and CAIBX 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.

Which is riskier, CSMIX or CAIBX?

CSMIX has higher volatility (4.95%) compared to CAIBX (2.56%). In terms of maximum drawdown, CSMIX dropped -53.37% vs CAIBX's -43.68%.

Which has better risk-adjusted returns?

CAIBX currently has the higher Sharpe Ratio (2.15 vs 2.07), 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.