Correlation
The correlation between CWBFX and ^GSPC 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.
CWBFX vs. ^GSPC
Compare and contrast key facts about American Funds Capital World Bond Fund (CWBFX) and S&P 500 (^GSPC).
CWBFX is managed by American Funds. It was launched on Aug 3, 1987.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CWBFX or ^GSPC.
Performance
CWBFX vs. ^GSPC - Performance Comparison
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Key characteristics
CWBFX:
1.08
^GSPC:
0.66
CWBFX:
1.53
^GSPC:
0.94
CWBFX:
1.18
^GSPC:
1.14
CWBFX:
0.28
^GSPC:
0.60
CWBFX:
1.77
^GSPC:
2.28
CWBFX:
3.38%
^GSPC:
5.01%
CWBFX:
5.90%
^GSPC:
19.77%
CWBFX:
-27.91%
^GSPC:
-56.78%
CWBFX:
-15.63%
^GSPC:
-3.78%
Returns By Period
In the year-to-date period, CWBFX achieves a 5.65% return, which is significantly higher than ^GSPC's 0.51% return. Over the past 10 years, CWBFX has underperformed ^GSPC with an annualized return of 0.56%, while ^GSPC has yielded a comparatively higher 10.85% annualized return.
CWBFX
5.65%
-0.37%
2.84%
6.32%
0.77%
-1.62%
0.56%
^GSPC
0.51%
6.15%
-2.00%
12.92%
12.68%
14.19%
10.85%
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Risk-Adjusted Performance
CWBFX vs. ^GSPC — Risk-Adjusted Performance Rank
CWBFX
^GSPC
CWBFX vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds Capital World Bond Fund (CWBFX) and S&P 500 (^GSPC). 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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Drawdowns
CWBFX vs. ^GSPC - Drawdown Comparison
The maximum CWBFX drawdown since its inception was -27.91%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for CWBFX and ^GSPC.
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Volatility
CWBFX vs. ^GSPC - Volatility Comparison
The current volatility for American Funds Capital World Bond Fund (CWBFX) is 1.88%, while S&P 500 (^GSPC) has a volatility of 4.77%. This indicates that CWBFX experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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