MFAAX vs. AWSHX
MFAAX (American Funds Mortgage Fund) and AWSHX (American Funds Washington Mutual Investors Fund Class A) are both mutual funds - MFAAX is a Government Bonds fund managed by American Funds, while AWSHX is a Large Cap Blend Equities fund actively managed by American Funds. Over the past 10 years, MFAAX returned 1.06%/yr vs 12.88%/yr for AWSHX. Their -0.08 correlation means they have often moved in opposite directions in the past. MFAAX charges 0.64%/yr vs 0.58%/yr for AWSHX.
Performance
MFAAX vs. AWSHX - Performance Comparison
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Returns By Period
In the year-to-date period, MFAAX achieves a -1.18% return, which is significantly lower than AWSHX's 8.99% return. Over the past 10 years, MFAAX has underperformed AWSHX with an annualized return of 1.06%, while AWSHX has yielded a comparatively higher 12.88% annualized return.
MFAAX
- 1D
- -0.12%
- 1M
- -1.14%
- 6M
- -1.29%
- YTD
- -1.18%
- 1Y
- 1.69%
- 3Y*
- 3.39%
- 5Y*
- -0.27%
- 10Y*
- 1.06%
- ALL TIME*
- 1.61%
AWSHX
- 1D
- -0.03%
- 1M
- 1.00%
- 6M
- 6.70%
- YTD
- 8.99%
- 1Y
- 17.35%
- 3Y*
- 17.11%
- 5Y*
- 12.38%
- 10Y*
- 12.88%
- ALL TIME*
- 10.17%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
MFAAX vs. AWSHX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MFAAX American Funds Mortgage Fund | -1.18% | 8.46% | 0.55% | 2.87% | -10.52% | -0.64% | 6.59% | 4.70% | 0.49% | 1.35% |
AWSHX American Funds Washington Mutual Investors Fund Class A | 8.99% | 17.20% | 19.02% | 17.21% | -8.45% | 28.44% | 7.69% | 24.86% | -6.16% | 20.03% |
Correlation
The correlation between MFAAX and AWSHX is 0.33, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.33 |
Correlation (3Y) Balances recent behavior with more history. | 0.21 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.16 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.01 |
Correlation (All Time) Calculated using the full available price history since Nov 3, 2010 | -0.08 |
The correlation between MFAAX and AWSHX shifts across timeframes, from -0.08 (all time) to 0.33 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
MFAAX vs. AWSHX — Risk / Return Rank
MFAAX
AWSHX
MFAAX vs. AWSHX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds Mortgage Fund (MFAAX) and American Funds Washington Mutual Investors Fund Class A (AWSHX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MFAAX | AWSHX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.72 | ||
| Sortino ratioReturn per unit of downside risk | -0.95 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.28 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 0.98 | 1.93 | -0.95 |
| Martin ratioReturn relative to average drawdown | 2.52 | 8.35 | -5.83 |
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Drawdowns
MFAAX vs. AWSHX - Drawdown Comparison
The maximum MFAAX drawdown since its inception was -16.60%, smaller than the maximum AWSHX drawdown of -53.95%. Use the drawdown chart below to compare losses from any high point for MFAAX and AWSHX.
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Drawdown Indicators
| MFAAX | AWSHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.60% | -53.95% | +37.35% |
Max Drawdown (1Y)Largest decline over 1 year | -3.33% | -8.37% | +5.04% |
Max Drawdown (3Y)Largest decline over 3 years | -6.25% | -14.66% | +8.41% |
Max Drawdown (5Y)Largest decline over 5 years | -16.60% | -18.64% | +2.04% |
Max Drawdown (10Y)Largest decline over 10 years | -16.60% | -34.65% | +18.05% |
Current DrawdownCurrent decline from peak | -2.70% | -0.54% | -2.16% |
Average DrawdownAverage peak-to-trough decline | -2.62% | -6.39% | +3.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.29% | 1.93% | -0.64% |
Volatility
MFAAX vs. AWSHX - Volatility Comparison
The current volatility for American Funds Mortgage Fund (MFAAX) is 1.07%, while American Funds Washington Mutual Investors Fund Class A (AWSHX) has a volatility of 2.38%. This indicates that MFAAX experiences smaller price fluctuations and is considered to be less risky than AWSHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MFAAX | AWSHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.07% | 2.38% | -1.31% |
Volatility (6M)Calculated over the trailing 6-month period | 3.20% | 7.81% | -4.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.01% | 10.52% | -6.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.43% | 14.05% | -7.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.85% | 16.28% | -11.43% |
MFAAX vs. AWSHX - Expense Ratio Comparison
MFAAX has a 0.64% expense ratio, which is higher than AWSHX's 0.58% expense ratio.
Dividends
MFAAX vs. AWSHX - Dividend Comparison
MFAAX's dividend yield for the trailing twelve months is around 3.82%, less than AWSHX's 9.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AWSHX American Funds Washington Mutual Investors Fund Class A | 9.49% | 10.08% | 10.06% | 6.14% | 6.31% | 6.05% | 3.06% | 6.19% | 4.36% | 7.26% | 6.37% | 6.25% |
MFAAX American Funds Mortgage Fund | 3.82% | 4.18% | 4.49% | 3.24% | 1.36% | 0.33% | 4.38% | 2.90% | 1.77% | 1.65% | 2.34% | 2.44% |
Frequently Asked Questions
MFAAX and AWSHX have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AWSHX has higher volatility (2.38%) compared to MFAAX (1.07%). In terms of maximum drawdown, MFAAX dropped -16.60% vs AWSHX's -53.95%.
AWSHX currently has the higher Sharpe Ratio (1.54 vs 0.81), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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