CWBFX vs. GOBSX
CWBFX (American Funds Capital World Bond Fund) and GOBSX (BrandywineGLOBAL - Global Opportunities Bond Fund) are both Global Bonds funds. Over the past 10 years, CWBFX returned -0.03%/yr vs 1.00%/yr for GOBSX. Their 0.79 correlation means they have sometimes moved together and sometimes differently. CWBFX charges 0.95%/yr vs 0.56%/yr for GOBSX.
Performance
CWBFX vs. GOBSX - Performance Comparison
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Returns By Period
In the year-to-date period, CWBFX achieves a -1.51% return, which is significantly lower than GOBSX's 2.45% return. Over the past 10 years, CWBFX has underperformed GOBSX with an annualized return of -0.03%, while GOBSX has yielded a comparatively higher 1.00% annualized return.
CWBFX
- 1D
- 0.57%
- 1M
- -0.31%
- 6M
- -2.28%
- YTD
- -1.51%
- 1Y
- -0.01%
- 3Y*
- 2.08%
- 5Y*
- -2.77%
- 10Y*
- -0.03%
- ALL TIME*
- 4.55%
GOBSX
- 1D
- 0.68%
- 1M
- 0.91%
- 6M
- 0.31%
- YTD
- 2.45%
- 1Y
- 4.03%
- 3Y*
- 2.55%
- 5Y*
- -1.49%
- 10Y*
- 1.00%
- ALL TIME*
- 3.50%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
CWBFX vs. GOBSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CWBFX American Funds Capital World Bond Fund | -1.51% | 7.78% | -3.25% | 5.81% | -17.52% | -5.17% | 9.91% | 7.66% | -1.81% | 7.26% |
GOBSX BrandywineGLOBAL - Global Opportunities Bond Fund | 2.45% | 13.59% | -9.38% | 7.42% | -15.66% | -5.27% | 12.66% | 9.21% | -5.59% | 11.51% |
Correlation
The correlation between CWBFX and GOBSX is 0.90, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.90 |
Correlation (3Y) Balances recent behavior with more history. | 0.93 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.92 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.85 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2007 | 0.79 |
The correlation between CWBFX and GOBSX shifts across timeframes, from 0.79 (all time) to 0.93 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
CWBFX vs. GOBSX — Risk / Return Rank
CWBFX
GOBSX
CWBFX vs. GOBSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds Capital World Bond Fund (CWBFX) and BrandywineGLOBAL - Global Opportunities Bond Fund (GOBSX). 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.
| CWBFX | GOBSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.59 | ||
| Sortino ratioReturn per unit of downside risk | -0.88 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.14 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 0.21 | 1.05 | -0.84 |
| Martin ratioReturn relative to average drawdown | 0.46 | 2.79 | -2.33 |
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Drawdowns
CWBFX vs. GOBSX - Drawdown Comparison
The maximum CWBFX drawdown since its inception was -27.91%, roughly equal to the maximum GOBSX drawdown of -29.04%. Use the drawdown chart below to compare losses from any high point for CWBFX and GOBSX.
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Drawdown Indicators
| CWBFX | GOBSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.91% | -29.04% | +1.13% |
Max Drawdown (1Y)Largest decline over 1 year | -4.45% | -5.10% | +0.65% |
Max Drawdown (3Y)Largest decline over 3 years | -7.69% | -11.88% | +4.19% |
Max Drawdown (5Y)Largest decline over 5 years | -26.27% | -27.47% | +1.20% |
Max Drawdown (10Y)Largest decline over 10 years | -27.91% | -29.04% | +1.13% |
Current DrawdownCurrent decline from peak | -15.22% | -9.86% | -5.36% |
Average DrawdownAverage peak-to-trough decline | -4.23% | -6.74% | +2.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.00% | 1.91% | +0.09% |
Volatility
CWBFX vs. GOBSX - Volatility Comparison
The current volatility for American Funds Capital World Bond Fund (CWBFX) is 1.35%, while BrandywineGLOBAL - Global Opportunities Bond Fund (GOBSX) has a volatility of 1.44%. This indicates that CWBFX experiences smaller price fluctuations and is considered to be less risky than GOBSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CWBFX | GOBSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.35% | 1.44% | -0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 4.03% | 5.57% | -1.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.96% | 6.89% | -1.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.61% | 9.30% | -2.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.65% | 8.45% | -2.80% |
CWBFX vs. GOBSX - Expense Ratio Comparison
CWBFX has a 0.95% expense ratio, which is higher than GOBSX's 0.56% expense ratio.
Dividends
CWBFX vs. GOBSX - Dividend Comparison
CWBFX's dividend yield for the trailing twelve months is around 3.82%, less than GOBSX's 5.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CWBFX American Funds Capital World Bond Fund | 3.82% | 2.68% | 3.01% | 2.47% | 1.99% | 2.63% | 3.18% | 2.26% | 1.87% | 1.80% | 2.05% | 0.58% |
GOBSX BrandywineGLOBAL - Global Opportunities Bond Fund | 5.18% | 4.28% | 3.80% | 0.09% | 6.70% | 2.30% | 0.31% | 1.56% | 3.15% | 3.68% | 1.87% | 2.61% |
Frequently Asked Questions
With a correlation of 0.90, CWBFX and GOBSX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
GOBSX has higher volatility (1.44%) compared to CWBFX (1.35%). In terms of maximum drawdown, CWBFX dropped -27.91% vs GOBSX's -29.04%.
GOBSX currently has the higher Sharpe Ratio (0.78 vs 0.19), 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.
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