ASTEX vs. MIAQX
Compare and contrast key facts about American Funds Short-Term Tax Exempt Bond Fund (ASTEX) and American Funds Multi-Sector Income Fund (MIAQX).
ASTEX is managed by American Funds. It was launched on Aug 6, 2009. MIAQX is managed by American Funds. It was launched on Mar 21, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ASTEX or MIAQX.
Performance
ASTEX vs. MIAQX - Performance Comparison
Returns By Period
In the year-to-date period, ASTEX achieves a 2.43% return, which is significantly lower than MIAQX's 6.05% return.
ASTEX
2.43%
-0.08%
2.66%
4.51%
1.02%
1.07%
MIAQX
6.05%
-0.24%
4.29%
11.85%
2.89%
N/A
Key characteristics
| ASTEX | MIAQX | |
|---|---|---|
| Sharpe Ratio | 2.65 | 2.87 |
| Sortino Ratio | 4.49 | 4.61 |
| Omega Ratio | 1.78 | 1.59 |
| Calmar Ratio | 1.75 | 1.38 |
| Martin Ratio | 13.35 | 15.50 |
| Ulcer Index | 0.34% | 0.77% |
| Daily Std Dev | 1.70% | 4.17% |
| Max Drawdown | -5.66% | -17.39% |
| Current Drawdown | -0.58% | -1.59% |
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ASTEX vs. MIAQX - Expense Ratio Comparison
ASTEX has a 0.53% expense ratio, which is lower than MIAQX's 0.78% expense ratio.
Correlation
The correlation between ASTEX and MIAQX is 0.43, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
ASTEX vs. MIAQX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds Short-Term Tax Exempt Bond Fund (ASTEX) and American Funds Multi-Sector Income Fund (MIAQX). 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
ASTEX vs. MIAQX - Dividend Comparison
ASTEX's dividend yield for the trailing twelve months is around 2.47%, less than MIAQX's 6.01% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASTEX American Funds Short-Term Tax Exempt Bond Fund | 2.47% | 2.09% | 1.07% | 0.50% | 1.04% | 1.51% | 1.44% | 1.23% | 1.07% | 1.03% | 1.05% | 1.10% |
MIAQX American Funds Multi-Sector Income Fund | 6.01% | 5.82% | 4.53% | 3.40% | 4.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
ASTEX vs. MIAQX - Drawdown Comparison
The maximum ASTEX drawdown since its inception was -5.66%, smaller than the maximum MIAQX drawdown of -17.39%. Use the drawdown chart below to compare losses from any high point for ASTEX and MIAQX. For additional features, visit the drawdowns tool.
Volatility
ASTEX vs. MIAQX - Volatility Comparison
The current volatility for American Funds Short-Term Tax Exempt Bond Fund (ASTEX) is 0.75%, while American Funds Multi-Sector Income Fund (MIAQX) has a volatility of 0.99%. This indicates that ASTEX experiences smaller price fluctuations and is considered to be less risky than MIAQX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.