CWBFX vs. SPY
Compare and contrast key facts about American Funds Capital World Bond Fund (CWBFX) and SPDR S&P 500 ETF (SPY).
CWBFX is managed by American Funds. It was launched on Aug 3, 1987. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CWBFX or SPY.
Correlation
The correlation between CWBFX and SPY is 0.03, 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.
Performance
CWBFX vs. SPY - Performance Comparison
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Key characteristics
CWBFX:
0.72
SPY:
0.68
CWBFX:
1.16
SPY:
1.13
CWBFX:
1.14
SPY:
1.17
CWBFX:
0.20
SPY:
0.76
CWBFX:
1.34
SPY:
2.93
CWBFX:
3.37%
SPY:
4.87%
CWBFX:
5.96%
SPY:
20.29%
CWBFX:
-28.90%
SPY:
-55.19%
CWBFX:
-18.06%
SPY:
-3.85%
Returns By Period
In the year-to-date period, CWBFX achieves a 4.04% return, which is significantly higher than SPY's 0.56% return. Over the past 10 years, CWBFX has underperformed SPY with an annualized return of -0.08%, while SPY has yielded a comparatively higher 12.67% annualized return.
CWBFX
4.04%
-0.19%
2.79%
4.24%
-1.84%
-0.08%
SPY
0.56%
8.99%
-0.98%
13.71%
17.23%
12.67%
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CWBFX vs. SPY - Expense Ratio Comparison
CWBFX has a 0.95% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
CWBFX vs. SPY — Risk-Adjusted Performance Rank
CWBFX
SPY
CWBFX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds Capital World Bond Fund (CWBFX) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
CWBFX's dividend yield for the trailing twelve months is around 3.10%, more than SPY's 1.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CWBFX American Funds Capital World Bond Fund | 3.10% | 3.01% | 2.47% | 1.99% | 2.63% | 3.18% | 2.26% | 2.16% | 1.80% | 2.05% | 0.58% | 3.27% |
SPY SPDR S&P 500 ETF | 1.22% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
CWBFX vs. SPY - Drawdown Comparison
The maximum CWBFX drawdown since its inception was -28.90%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for CWBFX and SPY. For additional features, visit the drawdowns tool.
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Volatility
CWBFX vs. SPY - Volatility Comparison
The current volatility for American Funds Capital World Bond Fund (CWBFX) is 1.94%, while SPDR S&P 500 ETF (SPY) has a volatility of 6.24%. This indicates that CWBFX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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