CWGIX vs. AIVSX
CWGIX (American Funds Capital World Growth and Income Fund Class A) and AIVSX (American Funds Investment Company of America Class A) are both mutual funds - CWGIX is a Global Equities fund managed by American Funds, while AIVSX is a Large Cap Blend Equities fund managed by American Funds. Over the past 10 years, CWGIX returned 12.07%/yr vs 14.19%/yr for AIVSX. Their correlation of 0.86 suggests significant overlap in exposure. CWGIX charges 0.75%/yr vs 0.57%/yr for AIVSX.
Performance
CWGIX vs. AIVSX - Performance Comparison
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Returns By Period
In the year-to-date period, CWGIX achieves a 15.64% return, which is significantly higher than AIVSX's 10.14% return. Over the past 10 years, CWGIX has underperformed AIVSX with an annualized return of 12.07%, while AIVSX has yielded a comparatively higher 14.19% annualized return.
CWGIX
- 1D
- -0.69%
- 1M
- 4.99%
- YTD
- 15.64%
- 6M
- 16.94%
- 1Y
- 32.69%
- 3Y*
- 21.94%
- 5Y*
- 11.16%
- 10Y*
- 12.07%
AIVSX
- 1D
- -0.69%
- 1M
- 3.82%
- YTD
- 10.14%
- 6M
- 10.06%
- 1Y
- 25.27%
- 3Y*
- 23.93%
- 5Y*
- 14.69%
- 10Y*
- 14.19%
CWGIX vs. AIVSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CWGIX American Funds Capital World Growth and Income Fund Class A | 15.64% | 24.68% | 13.85% | 20.55% | -17.32% | 14.74% | 15.31% | 25.32% | -10.60% | 24.55% |
AIVSX American Funds Investment Company of America Class A | 10.14% | 20.47% | 24.90% | 28.56% | -15.50% | 25.10% | 14.47% | 24.10% | -8.21% | 19.54% |
Correlation
The correlation between CWGIX and AIVSX is 0.93, 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 | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Mar 29, 1993 | 0.86 |
The correlation between CWGIX and AIVSX has been stable across timeframes, ranging from 0.86 to 0.94 - a consistent structural relationship.
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Return for Risk
CWGIX vs. AIVSX — Risk / Return Rank
CWGIX
AIVSX
CWGIX vs. AIVSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds Capital World Growth and Income Fund Class A (CWGIX) and American Funds Investment Company of America Class A (AIVSX). 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.
| CWGIX | AIVSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.39 | ||
| Sortino ratioReturn per unit of downside risk | +0.55 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.38 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.17 | 2.57 | +0.60 |
| Martin ratioReturn relative to average drawdown | 13.96 | 11.66 | +2.30 |
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
| CWGIX | AIVSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.47 | 2.08 | +0.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.74 | 0.92 | -0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.75 | 0.86 | -0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.69 | 0.70 | -0.01 |
Drawdowns
CWGIX vs. AIVSX - Drawdown Comparison
The maximum CWGIX drawdown since its inception was -54.47%, which is greater than AIVSX's maximum drawdown of -50.90%. Use the drawdown chart below to compare losses from any high point for CWGIX and AIVSX.
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Drawdown Indicators
| CWGIX | AIVSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.47% | -50.90% | -3.57% |
Max Drawdown (1Y)Largest decline over 1 year | -10.52% | -10.08% | -0.44% |
Max Drawdown (3Y)Largest decline over 3 years | -15.56% | -17.40% | +1.84% |
Max Drawdown (5Y)Largest decline over 5 years | -27.18% | -24.31% | -2.87% |
Max Drawdown (10Y)Largest decline over 10 years | -32.00% | -31.09% | -0.91% |
Current DrawdownCurrent decline from peak | -0.69% | -0.69% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -7.13% | -5.91% | -1.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.39% | 2.22% | +0.17% |
Volatility
CWGIX vs. AIVSX - Volatility Comparison
American Funds Capital World Growth and Income Fund Class A (CWGIX) has a higher volatility of 4.52% compared to American Funds Investment Company of America Class A (AIVSX) at 3.36%. This indicates that CWGIX's price experiences larger fluctuations and is considered to be riskier than AIVSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CWGIX | AIVSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.52% | 3.36% | +1.16% |
Volatility (6M)Calculated over the trailing 6-month period | 11.07% | 9.69% | +1.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.52% | 12.47% | +1.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.20% | 16.00% | -0.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.05% | 16.58% | -0.53% |
CWGIX vs. AIVSX - Expense Ratio Comparison
CWGIX has a 0.75% expense ratio, which is higher than AIVSX's 0.57% expense ratio.
Dividends
CWGIX vs. AIVSX - Dividend Comparison
CWGIX's dividend yield for the trailing twelve months is around 9.14%, less than AIVSX's 9.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AIVSX American Funds Investment Company of America Class A | 9.65% | 10.60% | 9.29% | 4.96% | 6.12% | 6.94% | 1.65% | 6.15% | 9.61% | 7.08% | 5.48% | 8.95% |
CWGIX American Funds Capital World Growth and Income Fund Class A | 9.14% | 10.54% | 7.88% | 3.20% | 2.09% | 6.82% | 1.23% | 2.44% | 7.00% | 6.63% | 4.96% | 3.78% |
Frequently Asked Questions
With a correlation of 0.93, CWGIX and AIVSX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
CWGIX has higher volatility (4.52%) compared to AIVSX (3.36%). In terms of maximum drawdown, CWGIX dropped -54.47% vs AIVSX's -50.90%.
CWGIX currently has the higher Sharpe Ratio (2.47 vs 2.08), 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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