Correlation
The correlation between CWBFX and AHITX is 0.04, 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.
CWBFX vs. AHITX
Compare and contrast key facts about American Funds Capital World Bond Fund (CWBFX) and American Funds American High-Income Trust (AHITX).
CWBFX is managed by American Funds. It was launched on Aug 3, 1987. AHITX is managed by American Funds. It was launched on Feb 19, 1988.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CWBFX or AHITX.
Performance
CWBFX vs. AHITX - Performance Comparison
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Key characteristics
CWBFX:
1.08
AHITX:
1.96
CWBFX:
1.53
AHITX:
2.69
CWBFX:
1.18
AHITX:
1.41
CWBFX:
0.28
AHITX:
2.01
CWBFX:
1.77
AHITX:
8.58
CWBFX:
3.38%
AHITX:
0.93%
CWBFX:
5.90%
AHITX:
4.15%
CWBFX:
-27.91%
AHITX:
-34.14%
CWBFX:
-15.63%
AHITX:
-0.67%
Returns By Period
In the year-to-date period, CWBFX achieves a 5.65% return, which is significantly higher than AHITX's 1.32% return. Over the past 10 years, CWBFX has underperformed AHITX with an annualized return of 0.56%, while AHITX has yielded a comparatively higher 4.78% annualized return.
CWBFX
5.65%
0.18%
2.84%
6.06%
0.77%
-1.62%
0.56%
AHITX
1.32%
0.31%
0.94%
7.38%
6.45%
6.97%
4.78%
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CWBFX vs. AHITX - Expense Ratio Comparison
CWBFX has a 0.95% expense ratio, which is higher than AHITX's 0.69% expense ratio.
Risk-Adjusted Performance
CWBFX vs. AHITX — Risk-Adjusted Performance Rank
CWBFX
AHITX
CWBFX vs. AHITX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds Capital World Bond Fund (CWBFX) and American Funds American High-Income Trust (AHITX). 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.
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Dividends
CWBFX vs. AHITX - Dividend Comparison
CWBFX's dividend yield for the trailing twelve months is around 3.05%, less than AHITX's 5.80% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CWBFX American Funds Capital World Bond Fund | 3.05% | 3.01% | 2.47% | 1.99% | 2.63% | 3.18% | 2.26% | 2.16% | 1.80% | 2.05% | 0.58% | 2.95% |
AHITX American Funds American High-Income Trust | 5.80% | 6.25% | 6.43% | 5.52% | 4.28% | 5.81% | 6.19% | 6.31% | 5.47% | 5.60% | 6.95% | 6.37% |
Drawdowns
CWBFX vs. AHITX - Drawdown Comparison
The maximum CWBFX drawdown since its inception was -27.91%, smaller than the maximum AHITX drawdown of -34.14%. Use the drawdown chart below to compare losses from any high point for CWBFX and AHITX.
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Volatility
CWBFX vs. AHITX - Volatility Comparison
American Funds Capital World Bond Fund (CWBFX) has a higher volatility of 1.88% compared to American Funds American High-Income Trust (AHITX) at 1.26%. This indicates that CWBFX's price experiences larger fluctuations and is considered to be riskier than AHITX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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