CWBFX vs. BNDX
Compare and contrast key facts about American Funds Capital World Bond Fund (CWBFX) and Vanguard Total International Bond ETF (BNDX).
CWBFX is managed by American Funds. It was launched on Aug 3, 1987. BNDX is a passively managed fund by Vanguard that tracks the performance of the Barclays Global Aggregate ex-USD Float-Adjusted Index (Hedged). It was launched on May 31, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CWBFX or BNDX.
Key characteristics
| CWBFX | BNDX | |
|---|---|---|
| YTD Return | -3.68% | -0.71% |
| 1Y Return | -1.27% | 3.78% |
| 3Y Return (Ann) | -6.38% | -1.82% |
| 5Y Return (Ann) | -1.68% | 0.13% |
| 10Y Return (Ann) | -0.48% | 2.00% |
| Sharpe Ratio | -0.20 | 0.87 |
| Daily Std Dev | 6.72% | 4.83% |
| Max Drawdown | -27.91% | -16.23% |
| Current Drawdown | -20.50% | -8.04% |
Correlation
The correlation between CWBFX and BNDX is 0.54, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
CWBFX vs. BNDX - Performance Comparison
In the year-to-date period, CWBFX achieves a -3.68% return, which is significantly lower than BNDX's -0.71% return. Over the past 10 years, CWBFX has underperformed BNDX with an annualized return of -0.48%, while BNDX has yielded a comparatively higher 2.00% 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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CWBFX vs. BNDX - Expense Ratio Comparison
CWBFX has a 0.95% expense ratio, which is higher than BNDX's 0.07% expense ratio.
Risk-Adjusted Performance
CWBFX vs. BNDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds Capital World Bond Fund (CWBFX) and Vanguard Total International Bond ETF (BNDX). 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
CWBFX vs. BNDX - Dividend Comparison
CWBFX's dividend yield for the trailing twelve months is around 2.70%, less than BNDX's 4.67% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CWBFX American Funds Capital World Bond Fund | 2.70% | 2.47% | 1.99% | 2.63% | 3.18% | 2.26% | 2.15% | 1.80% | 2.04% | 0.58% | 3.27% | 2.33% |
BNDX Vanguard Total International Bond ETF | 4.67% | 4.42% | 1.51% | 3.74% | 1.11% | 3.40% | 3.01% | 2.23% | 1.89% | 1.63% | 1.54% | 0.86% |
Drawdowns
CWBFX vs. BNDX - Drawdown Comparison
The maximum CWBFX drawdown since its inception was -27.91%, which is greater than BNDX's maximum drawdown of -16.23%. Use the drawdown chart below to compare losses from any high point for CWBFX and BNDX. For additional features, visit the drawdowns tool.
Volatility
CWBFX vs. BNDX - Volatility Comparison
American Funds Capital World Bond Fund (CWBFX) has a higher volatility of 1.67% compared to Vanguard Total International Bond ETF (BNDX) at 1.13%. This indicates that CWBFX's price experiences larger fluctuations and is considered to be riskier than BNDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.