CWBFX vs. TPINX
CWBFX (American Funds Capital World Bond Fund) and TPINX (Templeton Global Bond Fund) are both Global Bonds funds. Over the past 10 years, CWBFX returned 0.04%/yr vs -0.03%/yr for TPINX. A 0.51 correlation means they provide meaningful diversification when combined. CWBFX charges 0.95%/yr vs 0.94%/yr for TPINX.
Performance
CWBFX vs. TPINX - 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 TPINX's 2.28% return. Over the past 10 years, CWBFX has outperformed TPINX with an annualized return of 0.04%, while TPINX has yielded a comparatively lower -0.03% annualized return.
CWBFX
- 1D
- 0.13%
- 1M
- -0.79%
- 6M
- -1.39%
- YTD
- -1.51%
- 1Y
- 0.30%
- 3Y*
- 2.44%
- 5Y*
- -2.62%
- 10Y*
- 0.04%
TPINX
- 1D
- 0.42%
- 1M
- 0.42%
- 6M
- 1.99%
- YTD
- 2.28%
- 1Y
- 5.67%
- 3Y*
- 2.19%
- 5Y*
- -0.47%
- 10Y*
- -0.03%
CWBFX vs. TPINX - 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% |
TPINX Templeton Global Bond Fund | 2.28% | 15.02% | -11.95% | 2.45% | -6.17% | -5.06% | -4.41% | 0.63% | 1.26% | 2.36% |
Correlation
The correlation between CWBFX and TPINX is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Aug 4, 1987 | 0.51 |
Over the past year, CWBFX and TPINX have become more correlated (0.85) than their long-term average of 0.51, meaning their price movements have been converging.
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Return for Risk
CWBFX vs. TPINX — Risk / Return Rank
CWBFX
TPINX
CWBFX vs. TPINX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds Capital World Bond Fund (CWBFX) and Templeton Global Bond Fund (TPINX). 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 | TPINX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.76 | ||
| Sortino ratioReturn per unit of downside risk | -1.08 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.14 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | -0.02 | 0.85 | -0.86 |
| Martin ratioReturn relative to average drawdown | -0.04 | 2.51 | -2.55 |
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Drawdowns
CWBFX vs. TPINX - Drawdown Comparison
The maximum CWBFX drawdown since its inception was -27.91%, which is greater than TPINX's maximum drawdown of -26.45%. Use the drawdown chart below to compare losses from any high point for CWBFX and TPINX.
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Drawdown Indicators
| CWBFX | TPINX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.91% | -26.45% | -1.46% |
Max Drawdown (1Y)Largest decline over 1 year | -4.45% | -6.36% | +1.91% |
Max Drawdown (3Y)Largest decline over 3 years | -7.69% | -13.03% | +5.34% |
Max Drawdown (5Y)Largest decline over 5 years | -26.34% | -17.85% | -8.49% |
Max Drawdown (10Y)Largest decline over 10 years | -27.91% | -26.45% | -1.46% |
Current DrawdownCurrent decline from peak | -15.22% | -12.93% | -2.29% |
Average DrawdownAverage peak-to-trough decline | -4.21% | -4.86% | +0.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.81% | 2.14% | -0.33% |
Volatility
CWBFX vs. TPINX - Volatility Comparison
The current volatility for American Funds Capital World Bond Fund (CWBFX) is 1.32%, while Templeton Global Bond Fund (TPINX) has a volatility of 1.71%. This indicates that CWBFX experiences smaller price fluctuations and is considered to be less risky than TPINX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CWBFX | TPINX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.32% | 1.71% | -0.39% |
Volatility (6M)Calculated over the trailing 6-month period | 3.98% | 6.11% | -2.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.94% | 7.24% | -2.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.59% | 8.16% | -1.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.65% | 7.16% | -1.51% |
CWBFX vs. TPINX - Expense Ratio Comparison
CWBFX has a 0.95% expense ratio, which is higher than TPINX's 0.94% expense ratio.
Dividends
CWBFX vs. TPINX - Dividend Comparison
CWBFX's dividend yield for the trailing twelve months is around 3.82%, less than TPINX's 4.97% 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% |
TPINX Templeton Global Bond Fund | 4.97% | 4.29% | 5.77% | 3.87% | 5.17% | 5.38% | 4.59% | 6.12% | 6.53% | 3.34% | 2.33% | 3.11% |
Frequently Asked Questions
CWBFX and TPINX have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TPINX has higher volatility (1.71%) compared to CWBFX (1.32%). In terms of maximum drawdown, CWBFX dropped -27.91% vs TPINX's -26.45%.
TPINX currently has the higher Sharpe Ratio (0.75 vs -0.01), 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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