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ASTEX vs. MIAQX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between ASTEX and MIAQX is 0.45, 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.


-0.50.00.51.00.4

Performance

ASTEX vs. MIAQX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Funds Short-Term Tax Exempt Bond Fund (ASTEX) and American Funds Multi-Sector Income Fund (MIAQX). The values are adjusted to include any dividend payments, if applicable.

10.00%15.00%20.00%OctoberNovemberDecember2025FebruaryMarch
8.21%
21.12%
ASTEX
MIAQX

Key characteristics

Sharpe Ratio

ASTEX:

2.14

MIAQX:

2.37

Sortino Ratio

ASTEX:

3.33

MIAQX:

3.66

Omega Ratio

ASTEX:

1.58

MIAQX:

1.47

Calmar Ratio

ASTEX:

3.24

MIAQX:

2.04

Martin Ratio

ASTEX:

9.54

MIAQX:

10.68

Ulcer Index

ASTEX:

0.38%

MIAQX:

0.83%

Daily Std Dev

ASTEX:

1.69%

MIAQX:

3.74%

Max Drawdown

ASTEX:

-5.66%

MIAQX:

-17.39%

Current Drawdown

ASTEX:

-0.10%

MIAQX:

0.00%

Returns By Period

In the year-to-date period, ASTEX achieves a 0.93% return, which is significantly lower than MIAQX's 1.79% return.


ASTEX

YTD

0.93%

1M

0.30%

6M

1.12%

1Y

3.35%

5Y*

0.92%

10Y*

1.18%

MIAQX

YTD

1.79%

1M

0.74%

6M

2.35%

1Y

8.16%

5Y*

2.70%

10Y*

N/A

*Annualized

Compare stocks, funds, or ETFs

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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.


Expense ratio chart for MIAQX: current value at 0.78% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.78%
Expense ratio chart for ASTEX: current value at 0.53% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.53%

Risk-Adjusted Performance

ASTEX vs. MIAQX — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ASTEX
The Risk-Adjusted Performance Rank of ASTEX is 9090
Overall Rank
The Sharpe Ratio Rank of ASTEX is 8989
Sharpe Ratio Rank
The Sortino Ratio Rank of ASTEX is 9090
Sortino Ratio Rank
The Omega Ratio Rank of ASTEX is 9292
Omega Ratio Rank
The Calmar Ratio Rank of ASTEX is 9292
Calmar Ratio Rank
The Martin Ratio Rank of ASTEX is 8888
Martin Ratio Rank

MIAQX
The Risk-Adjusted Performance Rank of MIAQX is 9090
Overall Rank
The Sharpe Ratio Rank of MIAQX is 9191
Sharpe Ratio Rank
The Sortino Ratio Rank of MIAQX is 9191
Sortino Ratio Rank
The Omega Ratio Rank of MIAQX is 9090
Omega Ratio Rank
The Calmar Ratio Rank of MIAQX is 8787
Calmar Ratio Rank
The Martin Ratio Rank of MIAQX is 9090
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


The chart of Sharpe ratio for ASTEX, currently valued at 2.14, compared to the broader market-1.000.001.002.003.004.002.142.37
The chart of Sortino ratio for ASTEX, currently valued at 3.33, compared to the broader market0.002.004.006.008.0010.003.333.66
The chart of Omega ratio for ASTEX, currently valued at 1.58, compared to the broader market1.002.003.004.001.581.47
The chart of Calmar ratio for ASTEX, currently valued at 3.24, compared to the broader market0.005.0010.0015.003.242.04
The chart of Martin ratio for ASTEX, currently valued at 9.54, compared to the broader market0.0020.0040.0060.0080.009.5410.68
ASTEX
MIAQX

The current ASTEX Sharpe Ratio is 2.14, which is comparable to the MIAQX Sharpe Ratio of 2.37. The chart below compares the historical Sharpe Ratios of ASTEX and MIAQX, 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 Ratio1.502.002.503.003.504.00OctoberNovemberDecember2025FebruaryMarch
2.14
2.37
ASTEX
MIAQX

Dividends

ASTEX vs. MIAQX - Dividend Comparison

ASTEX's dividend yield for the trailing twelve months is around 2.37%, less than MIAQX's 5.53% yield.


TTM20242023202220212020201920182017201620152014
ASTEX
American Funds Short-Term Tax Exempt Bond Fund
2.37%2.55%2.09%1.07%0.50%1.04%1.51%1.44%1.23%1.07%1.03%1.05%
MIAQX
American Funds Multi-Sector Income Fund
5.53%6.07%5.82%4.53%3.40%4.01%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.


-2.00%-1.50%-1.00%-0.50%0.00%OctoberNovemberDecember2025FebruaryMarch
-0.10%
0
ASTEX
MIAQX

Volatility

ASTEX vs. MIAQX - Volatility Comparison

The current volatility for American Funds Short-Term Tax Exempt Bond Fund (ASTEX) is 0.44%, while American Funds Multi-Sector Income Fund (MIAQX) has a volatility of 1.00%. 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.


0.20%0.40%0.60%0.80%1.00%1.20%OctoberNovemberDecember2025FebruaryMarch
0.44%
1.00%
ASTEX
MIAQX