CWBFX vs. AIVSX
Compare and contrast key facts about American Funds Capital World Bond Fund (CWBFX) and American Funds Investment Company of America Class A (AIVSX).
CWBFX is managed by American Funds. It was launched on Aug 3, 1987. AIVSX is managed by American Funds. It was launched on Jan 1, 1934.
Performance
CWBFX vs. AIVSX - Performance Comparison
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CWBFX vs. AIVSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CWBFX American Funds Capital World Bond Fund | -2.08% | 7.78% | -3.25% | 5.81% | -17.52% | -5.17% | 9.91% | 7.66% | -1.81% | 7.26% |
AIVSX American Funds Investment Company of America Class A | -4.87% | 20.47% | 24.90% | 28.56% | -15.50% | 25.10% | 14.47% | 24.10% | -8.21% | 19.54% |
Returns By Period
In the year-to-date period, CWBFX achieves a -2.08% return, which is significantly higher than AIVSX's -4.87% return. Over the past 10 years, CWBFX has underperformed AIVSX with an annualized return of 0.20%, while AIVSX has yielded a comparatively higher 12.88% annualized return.
CWBFX
- 1D
- 0.57%
- 1M
- -2.97%
- YTD
- -2.08%
- 6M
- -2.02%
- 1Y
- 2.27%
- 3Y*
- 1.69%
- 5Y*
- -2.42%
- 10Y*
- 0.20%
AIVSX
- 1D
- 3.05%
- 1M
- -5.90%
- YTD
- -4.87%
- 6M
- -3.21%
- 1Y
- 17.66%
- 3Y*
- 20.05%
- 5Y*
- 12.46%
- 10Y*
- 12.88%
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CWBFX vs. AIVSX - Expense Ratio Comparison
CWBFX has a 0.95% expense ratio, which is higher than AIVSX's 0.57% expense ratio.
Return for Risk
CWBFX vs. AIVSX — Risk / Return Rank
CWBFX
AIVSX
CWBFX vs. AIVSX - 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 Investment Company of America Class A (AIVSX). 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 | AIVSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.46 | 1.04 | -0.58 |
Sortino ratioReturn per unit of downside risk | 0.69 | 1.59 | -0.90 |
Omega ratioGain probability vs. loss probability | 1.08 | 1.23 | -0.15 |
Calmar ratioReturn relative to maximum drawdown | 0.70 | 1.72 | -1.02 |
Martin ratioReturn relative to average drawdown | 2.42 | 7.16 | -4.73 |
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 | AIVSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.46 | 1.04 | -0.58 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.37 | 0.78 | -1.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.04 | 0.78 | -0.74 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.85 | 0.67 | +0.18 |
Correlation
The correlation between CWBFX and AIVSX is 0.09, 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. AIVSX - Dividend Comparison
CWBFX's dividend yield for the trailing twelve months is around 2.83%, less than AIVSX's 11.17% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CWBFX American Funds Capital World Bond Fund | 2.83% | 2.68% | 3.01% | 2.47% | 1.99% | 2.63% | 3.18% | 2.26% | 1.87% | 1.80% | 2.05% | 0.58% |
AIVSX American Funds Investment Company of America Class A | 11.17% | 10.60% | 9.29% | 4.96% | 6.12% | 6.94% | 1.65% | 6.15% | 9.61% | 7.08% | 5.48% | 8.95% |
Drawdowns
CWBFX vs. AIVSX - Drawdown Comparison
The maximum CWBFX drawdown since its inception was -27.91%, smaller than the maximum AIVSX drawdown of -50.90%. Use the drawdown chart below to compare losses from any high point for CWBFX and AIVSX.
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Drawdown Indicators
| CWBFX | AIVSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.91% | -50.90% | +22.99% |
Max Drawdown (1Y)Largest decline over 1 year | -4.45% | -10.76% | +6.31% |
Max Drawdown (5Y)Largest decline over 5 years | -26.34% | -24.31% | -2.03% |
Max Drawdown (10Y)Largest decline over 10 years | -27.91% | -31.09% | +3.18% |
Current DrawdownCurrent decline from peak | -15.72% | -7.34% | -8.38% |
Average DrawdownAverage peak-to-trough decline | -4.14% | -5.93% | +1.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.28% | 2.59% | -1.31% |
Volatility
CWBFX vs. AIVSX - Volatility Comparison
The current volatility for American Funds Capital World Bond Fund (CWBFX) is 2.07%, while American Funds Investment Company of America Class A (AIVSX) has a volatility of 5.75%. This indicates that CWBFX experiences smaller price fluctuations and is considered to be less risky than AIVSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CWBFX | AIVSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.07% | 5.75% | -3.68% |
Volatility (6M)Calculated over the trailing 6-month period | 3.14% | 9.93% | -6.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.50% | 17.56% | -12.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.50% | 15.96% | -9.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.63% | 16.55% | -10.92% |