CWBFX vs. VOO
Compare and contrast key facts about American Funds Capital World Bond Fund (CWBFX) and Vanguard S&P 500 ETF (VOO).
CWBFX is managed by American Funds. It was launched on Aug 3, 1987. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CWBFX or VOO.
Key characteristics
| CWBFX | VOO | |
|---|---|---|
| YTD Return | -3.62% | 9.96% |
| 1Y Return | -0.67% | 28.53% |
| 3Y Return (Ann) | -6.30% | 9.44% |
| 5Y Return (Ann) | -1.70% | 14.75% |
| 10Y Return (Ann) | -0.49% | 12.84% |
| Sharpe Ratio | -0.18 | 2.45 |
| Daily Std Dev | 6.71% | 11.59% |
| Max Drawdown | -27.91% | -33.99% |
| Current Drawdown | -20.45% | -0.54% |
Correlation
The correlation between CWBFX and VOO is 0.11, 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. VOO - Performance Comparison
In the year-to-date period, CWBFX achieves a -3.62% return, which is significantly lower than VOO's 9.96% return. Over the past 10 years, CWBFX has underperformed VOO with an annualized return of -0.49%, while VOO has yielded a comparatively higher 12.84% annualized 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. VOO - Expense Ratio Comparison
CWBFX has a 0.95% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
CWBFX vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds Capital World Bond Fund (CWBFX) and Vanguard S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
CWBFX's dividend yield for the trailing twelve months is around 2.70%, more than VOO's 1.34% 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% |
VOO Vanguard S&P 500 ETF | 1.34% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
CWBFX vs. VOO - Drawdown Comparison
The maximum CWBFX drawdown since its inception was -27.91%, smaller than the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for CWBFX and VOO. For additional features, visit the drawdowns tool.
Volatility
CWBFX vs. VOO - Volatility Comparison
The current volatility for American Funds Capital World Bond Fund (CWBFX) is 1.67%, while Vanguard S&P 500 ETF (VOO) has a volatility of 3.64%. This indicates that CWBFX experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.