HFQAX vs. MIAQX
Compare and contrast key facts about Janus Henderson Global Equity Income Fund (HFQAX) and American Funds Multi-Sector Income Fund (MIAQX).
HFQAX is managed by Janus Henderson. It was launched on Nov 29, 2006. 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: HFQAX or MIAQX.
Key characteristics
| HFQAX | MIAQX | |
|---|---|---|
| YTD Return | 8.71% | 6.84% |
| 1Y Return | 18.27% | 14.48% |
| 3Y Return (Ann) | 4.72% | 0.96% |
| 5Y Return (Ann) | 5.95% | 3.06% |
| Sharpe Ratio | 1.77 | 3.25 |
| Sortino Ratio | 2.44 | 5.30 |
| Omega Ratio | 1.31 | 1.69 |
| Calmar Ratio | 2.20 | 1.38 |
| Martin Ratio | 10.88 | 19.17 |
| Ulcer Index | 1.68% | 0.73% |
| Daily Std Dev | 10.32% | 4.29% |
| Max Drawdown | -48.93% | -17.39% |
| Current Drawdown | -3.46% | -0.86% |
Correlation
The correlation between HFQAX and MIAQX is 0.37, 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
HFQAX vs. MIAQX - Performance Comparison
In the year-to-date period, HFQAX achieves a 8.71% return, which is significantly higher than MIAQX's 6.84% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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HFQAX vs. MIAQX - Expense Ratio Comparison
HFQAX has a 1.24% expense ratio, which is higher than MIAQX's 0.78% expense ratio.
Risk-Adjusted Performance
HFQAX vs. MIAQX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Global Equity Income Fund (HFQAX) 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
HFQAX vs. MIAQX - Dividend Comparison
HFQAX's dividend yield for the trailing twelve months is around 7.71%, more than MIAQX's 5.96% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HFQAX Janus Henderson Global Equity Income Fund | 7.71% | 7.90% | 8.03% | 6.93% | 7.27% | 6.81% | 7.67% | 6.04% | 6.77% | 6.62% | 6.20% | 5.82% |
MIAQX American Funds Multi-Sector Income Fund | 5.96% | 5.82% | 4.53% | 3.40% | 4.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
HFQAX vs. MIAQX - Drawdown Comparison
The maximum HFQAX drawdown since its inception was -48.93%, which is greater than MIAQX's maximum drawdown of -17.39%. Use the drawdown chart below to compare losses from any high point for HFQAX and MIAQX. For additional features, visit the drawdowns tool.
Volatility
HFQAX vs. MIAQX - Volatility Comparison
Janus Henderson Global Equity Income Fund (HFQAX) has a higher volatility of 2.42% compared to American Funds Multi-Sector Income Fund (MIAQX) at 1.05%. This indicates that HFQAX's price experiences larger fluctuations and is considered to be riskier than MIAQX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.