RAPZX vs. CBFAX
RAPZX (Cohen & Steers Real Assets Fund Inc) and CBFAX (American Funds Global Balanced Fund) are both Global Allocation funds. Over the past 10 years, RAPZX returned 6.62%/yr vs 7.11%/yr for CBFAX. A 0.74 correlation means they provide meaningful diversification when combined. RAPZX charges 0.80%/yr vs 0.84%/yr for CBFAX.
Performance
RAPZX vs. CBFAX - Performance Comparison
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Returns By Period
In the year-to-date period, RAPZX achieves a 10.45% return, which is significantly higher than CBFAX's 5.57% return. Over the past 10 years, RAPZX has underperformed CBFAX with an annualized return of 6.62%, while CBFAX has yielded a comparatively higher 7.11% annualized return.
RAPZX
- 1D
- 0.16%
- 1M
- -3.87%
- YTD
- 10.45%
- 6M
- 9.85%
- 1Y
- 12.49%
- 3Y*
- 11.21%
- 5Y*
- 6.87%
- 10Y*
- 6.62%
CBFAX
- 1D
- -0.26%
- 1M
- -0.01%
- YTD
- 5.57%
- 6M
- 5.44%
- 1Y
- 15.40%
- 3Y*
- 12.06%
- 5Y*
- 5.78%
- 10Y*
- 7.11%
RAPZX vs. CBFAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RAPZX Cohen & Steers Real Assets Fund Inc | 10.45% | 11.96% | 4.35% | 3.88% | -2.05% | 23.51% | -0.84% | 17.77% | -8.44% | 6.51% |
CBFAX American Funds Global Balanced Fund | 5.57% | 17.10% | 6.50% | 13.69% | -14.29% | 9.14% | 10.45% | 17.22% | -6.18% | 13.96% |
Correlation
The correlation between RAPZX and CBFAX is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2013 | 0.74 |
Over the past year, the correlation between RAPZX and CBFAX has dropped to 0.49 - well below their long-term average of 0.74, suggesting their price drivers have been diverging.
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Return for Risk
RAPZX vs. CBFAX — Risk / Return Rank
RAPZX
CBFAX
RAPZX vs. CBFAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cohen & Steers Real Assets Fund Inc (RAPZX) and American Funds Global Balanced Fund (CBFAX). 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.
| RAPZX | CBFAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.62 | ||
| Sortino ratioReturn per unit of downside risk | -1.07 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.35 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.10 | 2.35 | -0.24 |
| Martin ratioReturn relative to average drawdown | 6.95 | 10.00 | -3.05 |
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Drawdowns
RAPZX vs. CBFAX - Drawdown Comparison
The maximum RAPZX drawdown since its inception was -30.69%, which is greater than CBFAX's maximum drawdown of -23.35%. Use the drawdown chart below to compare losses from any high point for RAPZX and CBFAX.
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Drawdown Indicators
| RAPZX | CBFAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.69% | -23.35% | -7.34% |
Max Drawdown (1Y)Largest decline over 1 year | -5.96% | -6.73% | +0.77% |
Max Drawdown (3Y)Largest decline over 3 years | -8.84% | -8.90% | +0.06% |
Max Drawdown (5Y)Largest decline over 5 years | -19.31% | -22.56% | +3.25% |
Max Drawdown (10Y)Largest decline over 10 years | -30.69% | -23.35% | -7.34% |
Current DrawdownCurrent decline from peak | -4.93% | -1.29% | -3.64% |
Average DrawdownAverage peak-to-trough decline | -8.04% | -3.69% | -4.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.80% | 1.58% | +0.22% |
Volatility
RAPZX vs. CBFAX - Volatility Comparison
The current volatility for Cohen & Steers Real Assets Fund Inc (RAPZX) is 2.22%, while American Funds Global Balanced Fund (CBFAX) has a volatility of 3.12%. This indicates that RAPZX experiences smaller price fluctuations and is considered to be less risky than CBFAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RAPZX | CBFAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.22% | 3.12% | -0.90% |
Volatility (6M)Calculated over the trailing 6-month period | 8.87% | 7.25% | +1.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.32% | 8.63% | +1.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.81% | 9.97% | +2.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.77% | 10.47% | +2.30% |
RAPZX vs. CBFAX - Expense Ratio Comparison
RAPZX has a 0.80% expense ratio, which is lower than CBFAX's 0.84% expense ratio.
Dividends
RAPZX vs. CBFAX - Dividend Comparison
RAPZX's dividend yield for the trailing twelve months is around 1.31%, less than CBFAX's 5.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CBFAX American Funds Global Balanced Fund | 5.85% | 6.32% | 5.50% | 1.58% | 1.49% | 6.01% | 1.21% | 1.83% | 2.25% | 3.11% | 1.93% | 3.20% |
RAPZX Cohen & Steers Real Assets Fund Inc | 1.31% | 1.44% | 3.20% | 2.71% | 3.08% | 9.61% | 1.71% | 2.85% | 2.06% | 1.76% | 2.83% | 2.00% |
Frequently Asked Questions
RAPZX and CBFAX have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CBFAX has higher volatility (3.12%) compared to RAPZX (2.22%). In terms of maximum drawdown, RAPZX dropped -30.69% vs CBFAX's -23.35%.
CBFAX currently has the higher Sharpe Ratio (1.83 vs 1.22), 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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