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ASBAX vs. NDARX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between ASBAX and NDARX is 0.05, 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.


-0.50.00.51.00.1

Performance

ASBAX vs. NDARX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Funds Short-Term Bond Fund of America (ASBAX) and American Funds Retirement Income Portfolio - Enhanced (NDARX). The values are adjusted to include any dividend payments, if applicable.

0.00%2.00%4.00%6.00%8.00%JulyAugustSeptemberOctoberNovemberDecember
2.46%
5.18%
ASBAX
NDARX

Key characteristics

Sharpe Ratio

ASBAX:

1.86

NDARX:

1.77

Sortino Ratio

ASBAX:

3.02

NDARX:

2.42

Omega Ratio

ASBAX:

1.44

NDARX:

1.33

Calmar Ratio

ASBAX:

1.74

NDARX:

3.71

Martin Ratio

ASBAX:

9.41

NDARX:

11.83

Ulcer Index

ASBAX:

0.42%

NDARX:

1.09%

Daily Std Dev

ASBAX:

2.12%

NDARX:

7.33%

Max Drawdown

ASBAX:

-6.83%

NDARX:

-23.62%

Current Drawdown

ASBAX:

-0.80%

NDARX:

-2.04%

Returns By Period

In the year-to-date period, ASBAX achieves a 3.51% return, which is significantly lower than NDARX's 12.13% return.


ASBAX

YTD

3.51%

1M

0.11%

6M

2.47%

1Y

3.82%

5Y*

1.06%

10Y*

1.13%

NDARX

YTD

12.13%

1M

-0.71%

6M

5.18%

1Y

12.67%

5Y*

6.69%

10Y*

N/A

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


ASBAX vs. NDARX - Expense Ratio Comparison

ASBAX has a 0.66% expense ratio, which is higher than NDARX's 0.34% expense ratio.


ASBAX
American Funds Short-Term Bond Fund of America
Expense ratio chart for ASBAX: current value at 0.66% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.66%
Expense ratio chart for NDARX: current value at 0.34% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.34%

Risk-Adjusted Performance

ASBAX vs. NDARX - Risk-Adjusted Performance 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 - Enhanced (NDARX). 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.


Sharpe ratio
The chart of Sharpe ratio for ASBAX, currently valued at 1.86, compared to the broader market-1.000.001.002.003.004.001.861.77
The chart of Sortino ratio for ASBAX, currently valued at 3.02, compared to the broader market-2.000.002.004.006.008.0010.003.022.42
The chart of Omega ratio for ASBAX, currently valued at 1.44, compared to the broader market0.501.001.502.002.503.003.501.441.33
The chart of Calmar ratio for ASBAX, currently valued at 1.74, compared to the broader market0.002.004.006.008.0010.0012.0014.001.743.71
The chart of Martin ratio for ASBAX, currently valued at 9.41, compared to the broader market0.0020.0040.0060.009.4111.83
ASBAX
NDARX

The current ASBAX Sharpe Ratio is 1.86, which is comparable to the NDARX Sharpe Ratio of 1.77. The chart below compares the historical Sharpe Ratios of ASBAX and NDARX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio1.502.002.503.003.50JulyAugustSeptemberOctoberNovemberDecember
1.86
1.77
ASBAX
NDARX

Dividends

ASBAX vs. NDARX - Dividend Comparison

ASBAX's dividend yield for the trailing twelve months is around 3.63%, more than NDARX's 2.90% yield.


TTM20232022202120202019201820172016201520142013
ASBAX
American Funds Short-Term Bond Fund of America
3.63%3.20%1.37%0.42%1.11%1.76%1.70%1.13%0.89%0.86%0.39%0.61%
NDARX
American Funds Retirement Income Portfolio - Enhanced
2.90%3.03%2.93%2.25%2.59%2.61%2.88%2.39%2.50%0.71%0.00%0.00%

Drawdowns

ASBAX vs. NDARX - Drawdown Comparison

The maximum ASBAX drawdown since its inception was -6.83%, smaller than the maximum NDARX drawdown of -23.62%. Use the drawdown chart below to compare losses from any high point for ASBAX and NDARX. For additional features, visit the drawdowns tool.


-3.50%-3.00%-2.50%-2.00%-1.50%-1.00%-0.50%0.00%JulyAugustSeptemberOctoberNovemberDecember
-0.80%
-2.04%
ASBAX
NDARX

Volatility

ASBAX vs. NDARX - Volatility Comparison

The current volatility for American Funds Short-Term Bond Fund of America (ASBAX) is 0.42%, while American Funds Retirement Income Portfolio - Enhanced (NDARX) has a volatility of 2.67%. This indicates that ASBAX experiences smaller price fluctuations and is considered to be less risky than NDARX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%0.50%1.00%1.50%2.00%2.50%3.00%3.50%JulyAugustSeptemberOctoberNovemberDecember
0.42%
2.67%
ASBAX
NDARX
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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