SMCWX vs. CAIBX
Compare and contrast key facts about American Funds SMALLCAP World Fund Class A (SMCWX) and American Funds Capital Income Builder Class A (CAIBX).
SMCWX is managed by American Funds. It was launched on Apr 30, 1990. CAIBX is managed by American Funds. It was launched on Jul 30, 1987.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SMCWX or CAIBX.
Key characteristics
| SMCWX | CAIBX | |
|---|---|---|
| YTD Return | 7.88% | 13.14% |
| 1Y Return | 25.45% | 23.65% |
| 3Y Return (Ann) | -8.45% | 5.31% |
| 5Y Return (Ann) | 4.57% | 7.00% |
| 10Y Return (Ann) | 4.98% | 5.72% |
| Sharpe Ratio | 1.69 | 2.96 |
| Sortino Ratio | 2.40 | 4.19 |
| Omega Ratio | 1.30 | 1.57 |
| Calmar Ratio | 0.64 | 2.70 |
| Martin Ratio | 8.63 | 20.41 |
| Ulcer Index | 2.86% | 1.13% |
| Daily Std Dev | 14.63% | 7.77% |
| Max Drawdown | -61.27% | -42.73% |
| Current Drawdown | -23.32% | -0.73% |
Correlation
The correlation between SMCWX and CAIBX is 0.73, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
SMCWX vs. CAIBX - Performance Comparison
In the year-to-date period, SMCWX achieves a 7.88% return, which is significantly lower than CAIBX's 13.14% return. Over the past 10 years, SMCWX has underperformed CAIBX with an annualized return of 4.98%, while CAIBX has yielded a comparatively higher 5.72% 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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SMCWX vs. CAIBX - Expense Ratio Comparison
SMCWX has a 1.02% expense ratio, which is higher than CAIBX's 0.59% expense ratio.
Risk-Adjusted Performance
SMCWX vs. CAIBX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds SMALLCAP World Fund Class A (SMCWX) and American Funds Capital Income Builder Class A (CAIBX). 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
SMCWX vs. CAIBX - Dividend Comparison
SMCWX's dividend yield for the trailing twelve months is around 0.59%, less than CAIBX's 3.09% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMCWX American Funds SMALLCAP World Fund Class A | 0.59% | 0.64% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.35% | 0.00% | 10.48% | 4.95% |
CAIBX American Funds Capital Income Builder Class A | 3.09% | 3.36% | 3.43% | 3.14% | 3.38% | 3.29% | 3.80% | 3.41% | 3.52% | 3.60% | 4.63% | 3.30% |
Drawdowns
SMCWX vs. CAIBX - Drawdown Comparison
The maximum SMCWX drawdown since its inception was -61.27%, which is greater than CAIBX's maximum drawdown of -42.73%. Use the drawdown chart below to compare losses from any high point for SMCWX and CAIBX. For additional features, visit the drawdowns tool.
Volatility
SMCWX vs. CAIBX - Volatility Comparison
American Funds SMALLCAP World Fund Class A (SMCWX) has a higher volatility of 3.53% compared to American Funds Capital Income Builder Class A (CAIBX) at 1.84%. This indicates that SMCWX's price experiences larger fluctuations and is considered to be riskier than CAIBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.