CWBFX vs. SPY
Compare and contrast key facts about American Funds Capital World Bond Fund (CWBFX) and State Street 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.
Performance
CWBFX vs. SPY - Performance Comparison
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CWBFX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CWBFX American Funds Capital World Bond Fund | -2.63% | 7.78% | -3.25% | 5.81% | -17.52% | -5.17% | 9.91% | 7.66% | -1.81% | 7.26% |
SPY State Street SPDR S&P 500 ETF | -4.37% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, CWBFX achieves a -2.63% return, which is significantly higher than SPY's -4.37% return. Over the past 10 years, CWBFX has underperformed SPY with an annualized return of 0.15%, while SPY has yielded a comparatively higher 13.98% annualized return.
CWBFX
- 1D
- 0.13%
- 1M
- -4.32%
- YTD
- -2.63%
- 6M
- -2.45%
- 1Y
- 1.95%
- 3Y*
- 1.50%
- 5Y*
- -2.49%
- 10Y*
- 0.15%
SPY
- 1D
- 2.91%
- 1M
- -4.94%
- YTD
- -4.37%
- 6M
- -1.82%
- 1Y
- 17.59%
- 3Y*
- 18.19%
- 5Y*
- 11.69%
- 10Y*
- 13.98%
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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.
Return for Risk
CWBFX vs. SPY — Risk / Return Rank
CWBFX
SPY
CWBFX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds Capital World Bond Fund (CWBFX) and State Street 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.
| CWBFX | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.37 | 0.93 | -0.56 |
Sortino ratioReturn per unit of downside risk | 0.56 | 1.45 | -0.90 |
Omega ratioGain probability vs. loss probability | 1.07 | 1.22 | -0.16 |
Calmar ratioReturn relative to maximum drawdown | 0.58 | 1.53 | -0.94 |
Martin ratioReturn relative to average drawdown | 2.05 | 7.30 | -5.24 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CWBFX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.37 | 0.93 | -0.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.38 | 0.69 | -1.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.03 | 0.78 | -0.76 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.85 | 0.56 | +0.29 |
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.
Dividends
CWBFX vs. SPY - Dividend Comparison
CWBFX's dividend yield for the trailing twelve months is around 2.84%, more than SPY's 1.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CWBFX American Funds Capital World Bond Fund | 2.84% | 2.68% | 3.01% | 2.47% | 1.99% | 2.63% | 3.18% | 2.26% | 1.87% | 1.80% | 2.05% | 0.58% |
SPY State Street SPDR S&P 500 ETF | 1.14% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
CWBFX vs. SPY - Drawdown Comparison
The maximum CWBFX drawdown since its inception was -27.91%, 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.
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Drawdown Indicators
| CWBFX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.91% | -55.19% | +27.28% |
Max Drawdown (1Y)Largest decline over 1 year | -4.45% | -12.05% | +7.60% |
Max Drawdown (5Y)Largest decline over 5 years | -26.34% | -24.50% | -1.84% |
Max Drawdown (10Y)Largest decline over 10 years | -27.91% | -33.72% | +5.81% |
Current DrawdownCurrent decline from peak | -16.19% | -6.24% | -9.95% |
Average DrawdownAverage peak-to-trough decline | -4.14% | -9.09% | +4.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.26% | 2.52% | -1.26% |
Volatility
CWBFX vs. SPY - Volatility Comparison
The current volatility for American Funds Capital World Bond Fund (CWBFX) is 2.04%, while State Street SPDR S&P 500 ETF (SPY) has a volatility of 5.31%. 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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Volatility by Period
| CWBFX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.04% | 5.31% | -3.27% |
Volatility (6M)Calculated over the trailing 6-month period | 3.10% | 9.47% | -6.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.48% | 19.05% | -13.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.49% | 17.06% | -10.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.63% | 17.92% | -12.29% |