ASBAX vs. NDARX
Compare and contrast key facts about American Funds Short-Term Bond Fund of America (ASBAX) and American Funds Retirement Income Portfolio - Enhanced (NDARX).
ASBAX is managed by American Funds. It was launched on Oct 2, 2006. NDARX is managed by American Funds. It was launched on Aug 27, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ASBAX or NDARX.
Key characteristics
| ASBAX | NDARX | |
|---|---|---|
| YTD Return | 3.62% | 13.98% |
| 1Y Return | 5.70% | 24.15% |
| 3Y Return (Ann) | 1.04% | 4.73% |
| 5Y Return (Ann) | 1.11% | 7.67% |
| Sharpe Ratio | 2.47 | 3.20 |
| Sortino Ratio | 4.21 | 4.62 |
| Omega Ratio | 1.60 | 1.63 |
| Calmar Ratio | 1.43 | 2.73 |
| Martin Ratio | 16.29 | 23.28 |
| Ulcer Index | 0.34% | 1.01% |
| Daily Std Dev | 2.26% | 7.31% |
| Max Drawdown | -6.83% | -23.62% |
| Current Drawdown | -0.70% | 0.00% |
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.
Performance
ASBAX vs. NDARX - Performance Comparison
In the year-to-date period, ASBAX achieves a 3.62% return, which is significantly lower than NDARX's 13.98% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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.
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.
Dividends
ASBAX vs. NDARX - Dividend Comparison
ASBAX's dividend yield for the trailing twelve months is around 3.93%, more than NDARX's 2.85% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASBAX American Funds Short-Term Bond Fund of America | 3.93% | 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 | 2.85% | 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.
Volatility
ASBAX vs. NDARX - Volatility Comparison
The current volatility for American Funds Short-Term Bond Fund of America (ASBAX) is 0.54%, while American Funds Retirement Income Portfolio - Enhanced (NDARX) has a volatility of 1.85%. 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.