CWBFX vs. IAGG
Compare and contrast key facts about American Funds Capital World Bond Fund (CWBFX) and iShares Core International Aggregate Bond ETF (IAGG).
CWBFX is managed by American Funds. It was launched on Aug 3, 1987. IAGG is a passively managed fund by iShares that tracks the performance of the Barclays Global Aggregate ex USD 10% Issuer Capped (Hedged) Index. It was launched on Nov 10, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CWBFX or IAGG.
Key characteristics
| CWBFX | IAGG | |
|---|---|---|
| YTD Return | -3.68% | -0.26% |
| 1Y Return | -1.27% | 4.26% |
| 3Y Return (Ann) | -6.38% | -0.96% |
| 5Y Return (Ann) | -1.68% | 0.73% |
| Sharpe Ratio | -0.20 | 1.04 |
| Daily Std Dev | 6.72% | 4.46% |
| Max Drawdown | -27.91% | -13.88% |
| Current Drawdown | -20.50% | -5.35% |
Correlation
The correlation between CWBFX and IAGG is 0.53, 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. IAGG - Performance Comparison
In the year-to-date period, CWBFX achieves a -3.68% return, which is significantly lower than IAGG's -0.26% 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. IAGG - Expense Ratio Comparison
CWBFX has a 0.95% expense ratio, which is higher than IAGG's 0.09% expense ratio.
Risk-Adjusted Performance
CWBFX vs. IAGG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds Capital World Bond Fund (CWBFX) and iShares Core International Aggregate Bond ETF (IAGG). 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. IAGG - Dividend Comparison
CWBFX's dividend yield for the trailing twelve months is around 2.70%, less than IAGG's 3.56% 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% |
IAGG iShares Core International Aggregate Bond ETF | 3.56% | 3.55% | 2.27% | 1.16% | 1.95% | 2.81% | 3.02% | 1.74% | 1.56% | 0.13% | 0.00% | 0.00% |
Drawdowns
CWBFX vs. IAGG - Drawdown Comparison
The maximum CWBFX drawdown since its inception was -27.91%, which is greater than IAGG's maximum drawdown of -13.88%. Use the drawdown chart below to compare losses from any high point for CWBFX and IAGG. For additional features, visit the drawdowns tool.
Volatility
CWBFX vs. IAGG - Volatility Comparison
American Funds Capital World Bond Fund (CWBFX) has a higher volatility of 1.67% compared to iShares Core International Aggregate Bond ETF (IAGG) at 1.00%. This indicates that CWBFX's price experiences larger fluctuations and is considered to be riskier than IAGG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.