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 0.04, 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
Key characteristics
CWBFX:
0.82
SPY:
0.34
CWBFX:
1.27
SPY:
0.62
CWBFX:
1.15
SPY:
1.09
CWBFX:
0.21
SPY:
0.35
CWBFX:
1.44
SPY:
1.64
CWBFX:
3.34%
SPY:
4.00%
CWBFX:
5.86%
SPY:
19.55%
CWBFX:
-28.90%
SPY:
-55.19%
CWBFX:
-17.96%
SPY:
-12.02%
Returns By Period
In the year-to-date period, CWBFX achieves a 4.17% return, which is significantly higher than SPY's -7.99% return. Over the past 10 years, CWBFX has underperformed SPY with an annualized return of -0.06%, while SPY has yielded a comparatively higher 11.91% annualized return.
CWBFX
4.17%
1.13%
0.09%
5.43%
-1.76%
-0.06%
SPY
-7.99%
-4.19%
-6.68%
7.93%
15.74%
11.91%
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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.
Dividends
CWBFX vs. SPY - Dividend Comparison
CWBFX's dividend yield for the trailing twelve months is around 3.10%, more than SPY's 1.33% 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% | 2.01% | 1.86% | 1.92% | 2.16% | 1.80% | 1.69% | 0.58% | 3.27% |
SPY SPDR S&P 500 ETF | 1.33% | 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.
Volatility
CWBFX vs. SPY - Volatility Comparison
The current volatility for American Funds Capital World Bond Fund (CWBFX) is 2.45%, while SPDR S&P 500 ETF (SPY) has a volatility of 14.47%. 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.