RGABX vs. CCSTX
RGABX (American Funds The Growth Fund of America Class R-2) and CCSTX (Capital Group California Short-Term Municipal Fund) are both mutual funds - RGABX is a Large Cap Growth Equities fund tracking the S&P 500 Index, while CCSTX is a Municipal Bonds fund managed by Capital Group. Over the past 10 years, RGABX returned 14.12%/yr vs 1.18%/yr for CCSTX. Their -0.01 correlation means they have often moved in opposite directions in the past. RGABX charges 1.38%/yr vs 0.30%/yr for CCSTX.
Performance
RGABX vs. CCSTX - Performance Comparison
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Returns By Period
In the year-to-date period, RGABX achieves a 3.82% return, which is significantly higher than CCSTX's 0.49% return. Over the past 10 years, RGABX has outperformed CCSTX with an annualized return of 14.12%, while CCSTX has yielded a comparatively lower 1.18% annualized return.
RGABX
- 1D
- -0.38%
- 1M
- -2.39%
- 6M
- 1.78%
- YTD
- 3.82%
- 1Y
- 9.23%
- 3Y*
- 18.79%
- 5Y*
- 9.13%
- 10Y*
- 14.12%
- ALL TIME*
- 10.02%
CCSTX
- 1D
- 0.20%
- 1M
- -0.38%
- 6M
- 0.00%
- YTD
- 0.49%
- 1Y
- 2.26%
- 3Y*
- 2.84%
- 5Y*
- 1.15%
- 10Y*
- 1.18%
- ALL TIME*
- 0.90%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
RGABX vs. CCSTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RGABX American Funds The Growth Fund of America Class R-2 | 3.82% | 18.77% | 27.02% | 36.16% | -31.29% | 18.37% | 36.83% | 27.14% | -3.93% | 25.17% |
CCSTX Capital Group California Short-Term Municipal Fund | 0.49% | 4.09% | 2.05% | 2.50% | -2.91% | -0.15% | 2.35% | 3.02% | 1.41% | 1.20% |
Correlation
The correlation between RGABX and CCSTX is 0.24, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.24 |
Correlation (3Y) Balances recent behavior with more history. | 0.14 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.10 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.05 |
Correlation (All Time) Calculated using the full available price history since Apr 21, 2010 | -0.01 |
The correlation between RGABX and CCSTX shifts across timeframes, from -0.01 (all time) to 0.24 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
RGABX vs. CCSTX — Risk / Return Rank
RGABX
CCSTX
RGABX vs. CCSTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds The Growth Fund of America Class R-2 (RGABX) and Capital Group California Short-Term Municipal Fund (CCSTX). 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.
| RGABX | CCSTX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.41 | ||
| Sortino ratioReturn per unit of downside risk | -2.00 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.55 | -0.44 |
| Calmar ratioReturn relative to maximum drawdown | 0.67 | 2.02 | -1.35 |
| Martin ratioReturn relative to average drawdown | 2.47 | 5.28 | -2.81 |
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Drawdowns
RGABX vs. CCSTX - Drawdown Comparison
The maximum RGABX drawdown since its inception was -52.36%, which is greater than CCSTX's maximum drawdown of -5.09%. Use the drawdown chart below to compare losses from any high point for RGABX and CCSTX.
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Drawdown Indicators
| RGABX | CCSTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.36% | -5.09% | -47.27% |
Max Drawdown (1Y)Largest decline over 1 year | -13.92% | -1.17% | -12.75% |
Max Drawdown (3Y)Largest decline over 3 years | -21.67% | -1.79% | -19.88% |
Max Drawdown (5Y)Largest decline over 5 years | -36.83% | -5.08% | -31.75% |
Max Drawdown (10Y)Largest decline over 10 years | -36.83% | -5.09% | -31.74% |
Current DrawdownCurrent decline from peak | -5.69% | -0.66% | -5.03% |
Average DrawdownAverage peak-to-trough decline | -8.73% | -0.88% | -7.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.78% | 0.45% | +3.33% |
Volatility
RGABX vs. CCSTX - Volatility Comparison
American Funds The Growth Fund of America Class R-2 (RGABX) has a higher volatility of 4.46% compared to Capital Group California Short-Term Municipal Fund (CCSTX) at 0.45%. This indicates that RGABX's price experiences larger fluctuations and is considered to be riskier than CCSTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RGABX | CCSTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.46% | 0.45% | +4.01% |
Volatility (6M)Calculated over the trailing 6-month period | 13.37% | 0.97% | +12.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.76% | 1.21% | +15.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.54% | 1.57% | +18.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.78% | 1.58% | +18.20% |
RGABX vs. CCSTX - Expense Ratio Comparison
RGABX has a 1.38% expense ratio, which is higher than CCSTX's 0.30% expense ratio.
Dividends
RGABX vs. CCSTX - Dividend Comparison
RGABX's dividend yield for the trailing twelve months is around 11.44%, more than CCSTX's 2.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CCSTX Capital Group California Short-Term Municipal Fund | 2.35% | 2.30% | 2.13% | 1.54% | 0.72% | 1.02% | 1.45% | 1.40% | 1.30% | 0.90% | 0.00% | 0.00% |
RGABX American Funds The Growth Fund of America Class R-2 | 11.44% | 11.87% | 9.61% | 7.53% | 4.08% | 8.80% | 4.34% | 6.82% | 11.94% | 6.86% | 6.28% | 8.54% |
Frequently Asked Questions
RGABX and CCSTX have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RGABX has higher volatility (4.46%) compared to CCSTX (0.45%). In terms of maximum drawdown, RGABX dropped -52.36% vs CCSTX's -5.09%.
CCSTX currently has the higher Sharpe Ratio (1.97 vs 0.56), 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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