CWBFX vs. ABALX
Compare and contrast key facts about American Funds Capital World Bond Fund (CWBFX) and American Funds American Balanced Fund Class A (ABALX).
CWBFX is managed by American Funds. It was launched on Aug 3, 1987. ABALX is managed by American Funds. It was launched on Jul 26, 1975.
Performance
CWBFX vs. ABALX - Performance Comparison
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CWBFX vs. ABALX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CWBFX American Funds Capital World Bond Fund | -2.63% | 7.78% | -3.25% | 5.81% | -17.52% | -5.17% | 9.91% | 7.66% | -1.81% | 7.26% |
ABALX American Funds American Balanced Fund Class A | -2.86% | 18.45% | 14.63% | 13.65% | -12.13% | 15.75% | 10.85% | 18.60% | -3.35% | 14.69% |
Returns By Period
In the year-to-date period, CWBFX achieves a -2.63% return, which is significantly higher than ABALX's -2.86% return. Over the past 10 years, CWBFX has underperformed ABALX with an annualized return of 0.15%, while ABALX has yielded a comparatively higher 8.98% annualized return.
CWBFX
- 1D
- 0.13%
- 1M
- -4.32%
- YTD
- -2.63%
- 6M
- -2.45%
- 1Y
- 1.95%
- 3Y*
- 1.50%
- 5Y*
- -2.49%
- 10Y*
- 0.15%
ABALX
- 1D
- -0.14%
- 1M
- -6.82%
- YTD
- -2.86%
- 6M
- 0.85%
- 1Y
- 15.33%
- 3Y*
- 13.40%
- 5Y*
- 8.00%
- 10Y*
- 8.98%
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CWBFX vs. ABALX - Expense Ratio Comparison
CWBFX has a 0.95% expense ratio, which is higher than ABALX's 0.56% expense ratio.
Return for Risk
CWBFX vs. ABALX — Risk / Return Rank
CWBFX
ABALX
CWBFX vs. ABALX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds Capital World Bond Fund (CWBFX) and American Funds American Balanced Fund Class A (ABALX). 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.
| CWBFX | ABALX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.37 | 1.43 | -1.06 |
Sortino ratioReturn per unit of downside risk | 0.56 | 2.09 | -1.53 |
Omega ratioGain probability vs. loss probability | 1.07 | 1.29 | -0.23 |
Calmar ratioReturn relative to maximum drawdown | 0.58 | 2.00 | -1.42 |
Martin ratioReturn relative to average drawdown | 2.05 | 8.51 | -6.46 |
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
| CWBFX | ABALX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.37 | 1.43 | -1.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.38 | 0.77 | -1.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.03 | 0.85 | -0.82 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.85 | 0.79 | +0.06 |
Correlation
The correlation between CWBFX and ABALX is 0.14, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
CWBFX vs. ABALX - Dividend Comparison
CWBFX's dividend yield for the trailing twelve months is around 2.84%, less than ABALX's 8.54% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CWBFX American Funds Capital World Bond Fund | 2.84% | 2.68% | 3.01% | 2.47% | 1.99% | 2.63% | 3.18% | 2.26% | 1.87% | 1.80% | 2.05% | 0.58% |
ABALX American Funds American Balanced Fund Class A | 8.54% | 8.27% | 6.87% | 2.05% | 2.30% | 4.30% | 4.35% | 3.49% | 5.49% | 4.72% | 4.24% | 5.60% |
Drawdowns
CWBFX vs. ABALX - Drawdown Comparison
The maximum CWBFX drawdown since its inception was -27.91%, smaller than the maximum ABALX drawdown of -40.20%. Use the drawdown chart below to compare losses from any high point for CWBFX and ABALX.
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Drawdown Indicators
| CWBFX | ABALX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.91% | -40.20% | +12.29% |
Max Drawdown (1Y)Largest decline over 1 year | -4.45% | -7.33% | +2.88% |
Max Drawdown (5Y)Largest decline over 5 years | -26.34% | -18.76% | -7.58% |
Max Drawdown (10Y)Largest decline over 10 years | -27.91% | -22.34% | -5.57% |
Current DrawdownCurrent decline from peak | -16.19% | -7.03% | -9.16% |
Average DrawdownAverage peak-to-trough decline | -4.14% | -3.86% | -0.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.26% | 1.73% | -0.47% |
Volatility
CWBFX vs. ABALX - Volatility Comparison
The current volatility for American Funds Capital World Bond Fund (CWBFX) is 2.04%, while American Funds American Balanced Fund Class A (ABALX) has a volatility of 3.26%. This indicates that CWBFX experiences smaller price fluctuations and is considered to be less risky than ABALX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CWBFX | ABALX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.04% | 3.26% | -1.22% |
Volatility (6M)Calculated over the trailing 6-month period | 3.10% | 6.74% | -3.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.48% | 11.11% | -5.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.49% | 10.42% | -3.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.63% | 10.61% | -4.98% |