ASBAX vs. NAARX
Compare and contrast key facts about American Funds Short-Term Bond Fund of America (ASBAX) and American Funds Retirement Income Portfolio - Conservative (NAARX).
ASBAX is managed by American Funds. It was launched on Oct 2, 2006. NAARX is managed by American Funds. It was launched on Aug 27, 2015.
Performance
ASBAX vs. NAARX - Performance Comparison
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ASBAX vs. NAARX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ASBAX American Funds Short-Term Bond Fund of America | -0.15% | 5.05% | 4.31% | 3.60% | -4.16% | -0.88% | 3.53% | 2.81% | 1.10% | 0.91% |
NAARX American Funds Retirement Income Portfolio - Conservative | -0.24% | 13.24% | 6.80% | 6.89% | -10.04% | 8.51% | 8.40% | 13.11% | -2.76% | 8.89% |
Returns By Period
In the year-to-date period, ASBAX achieves a -0.15% return, which is significantly higher than NAARX's -0.24% return. Over the past 10 years, ASBAX has underperformed NAARX with an annualized return of 1.58%, while NAARX has yielded a comparatively higher 5.33% annualized return.
ASBAX
- 1D
- 0.10%
- 1M
- -0.73%
- YTD
- -0.15%
- 6M
- 0.79%
- 1Y
- 3.21%
- 3Y*
- 3.75%
- 5Y*
- 1.55%
- 10Y*
- 1.58%
NAARX
- 1D
- 0.87%
- 1M
- -3.64%
- YTD
- -0.24%
- 6M
- 1.34%
- 1Y
- 9.11%
- 3Y*
- 8.01%
- 5Y*
- 4.28%
- 10Y*
- 5.33%
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ASBAX vs. NAARX - Expense Ratio Comparison
ASBAX has a 0.66% expense ratio, which is higher than NAARX's 0.34% expense ratio.
Return for Risk
ASBAX vs. NAARX — Risk / Return Rank
ASBAX
NAARX
ASBAX vs. NAARX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds Short-Term Bond Fund of America (ASBAX) and American Funds Retirement Income Portfolio - Conservative (NAARX). 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.
| ASBAX | NAARX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.71 | 1.54 | +0.16 |
Sortino ratioReturn per unit of downside risk | 2.97 | 2.11 | +0.85 |
Omega ratioGain probability vs. loss probability | 1.41 | 1.31 | +0.10 |
Calmar ratioReturn relative to maximum drawdown | 2.95 | 1.85 | +1.10 |
Martin ratioReturn relative to average drawdown | 11.41 | 7.91 | +3.51 |
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
| ASBAX | NAARX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.71 | 1.54 | +0.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.71 | 0.66 | +0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.88 | 0.84 | +0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.96 | 0.87 | +0.09 |
Correlation
The correlation between ASBAX and NAARX is 0.25, 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.
Dividends
ASBAX vs. NAARX - Dividend Comparison
ASBAX's dividend yield for the trailing twelve months is around 3.49%, more than NAARX's 2.79% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASBAX American Funds Short-Term Bond Fund of America | 3.49% | 3.87% | 3.99% | 2.88% | 1.02% | 0.42% | 2.08% | 1.66% | 1.70% | 1.21% | 0.83% | 1.21% |
NAARX American Funds Retirement Income Portfolio - Conservative | 2.79% | 3.27% | 3.37% | 3.17% | 3.19% | 2.98% | 3.84% | 3.28% | 3.33% | 2.23% | 2.21% | 0.00% |
Drawdowns
ASBAX vs. NAARX - Drawdown Comparison
The maximum ASBAX drawdown since its inception was -6.29%, smaller than the maximum NAARX drawdown of -15.66%. Use the drawdown chart below to compare losses from any high point for ASBAX and NAARX.
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Drawdown Indicators
| ASBAX | NAARX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.29% | -15.66% | +9.37% |
Max Drawdown (1Y)Largest decline over 1 year | -1.24% | -5.21% | +3.97% |
Max Drawdown (5Y)Largest decline over 5 years | -6.23% | -15.66% | +9.43% |
Max Drawdown (10Y)Largest decline over 10 years | -6.29% | -15.66% | +9.37% |
Current DrawdownCurrent decline from peak | -0.83% | -4.08% | +3.25% |
Average DrawdownAverage peak-to-trough decline | -0.68% | -2.54% | +1.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.32% | 1.22% | -0.90% |
Volatility
ASBAX vs. NAARX - Volatility Comparison
The current volatility for American Funds Short-Term Bond Fund of America (ASBAX) is 0.61%, while American Funds Retirement Income Portfolio - Conservative (NAARX) has a volatility of 2.59%. This indicates that ASBAX experiences smaller price fluctuations and is considered to be less risky than NAARX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ASBAX | NAARX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.61% | 2.59% | -1.98% |
Volatility (6M)Calculated over the trailing 6-month period | 1.23% | 3.83% | -2.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.92% | 6.10% | -4.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.20% | 6.55% | -4.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.81% | 6.39% | -4.58% |