MIAQX vs. ACP
MIAQX (American Funds Multi-Sector Income Fund) and ACP (abrdn Income Credit Strategies Fund) are both Multisector Bonds funds. Over the past 5 years, MIAQX returned 1.78%/yr vs -0.18%/yr for ACP. Their 0.32 correlation means their historical movements had little consistent relationship. MIAQX charges 0.78%/yr vs 1.97%/yr for ACP.
Performance
MIAQX vs. ACP - Performance Comparison
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Returns By Period
In the year-to-date period, MIAQX achieves a -0.01% return, which is significantly lower than ACP's 2.65% return.
MIAQX
- 1D
- -0.11%
- 1M
- -1.39%
- 6M
- -0.40%
- YTD
- -0.01%
- 1Y
- 2.96%
- 3Y*
- 6.35%
- 5Y*
- 1.78%
- 10Y*
- —
- ALL TIME*
- 2.99%
ACP
- 1D
- -0.79%
- 1M
- -3.51%
- 6M
- -2.71%
- YTD
- 2.65%
- 1Y
- -0.14%
- 3Y*
- 6.94%
- 5Y*
- -0.18%
- 10Y*
- 5.37%
- ALL TIME*
- 3.72%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.09M | $2.75M | $2.45M | |
| $0.00 | $0.00 | $0.00 |
MIAQX vs. ACP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
MIAQX American Funds Multi-Sector Income Fund | -0.01% | 7.81% | 6.08% | 9.47% | -13.04% | 2.10% | 8.29% | 3.20% |
ACP abrdn Income Credit Strategies Fund | 2.65% | 6.48% | 4.81% | 19.27% | -22.87% | 6.65% | 7.51% | 6.02% |
Correlation
The correlation between MIAQX and ACP is 0.29, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.29 |
Correlation (3Y) Balances recent behavior with more history. | 0.30 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.34 |
Correlation (All Time) Calculated using the full available price history since Mar 22, 2019 | 0.32 |
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Return for Risk
MIAQX vs. ACP — Risk / Return Rank
MIAQX
ACP
MIAQX vs. ACP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds Multi-Sector Income Fund (MIAQX) and abrdn Income Credit Strategies Fund (ACP). 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.
| MIAQX | ACP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.90 | ||
| Sortino ratioReturn per unit of downside risk | +1.29 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.01 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.12 | -0.01 | +1.13 |
| Martin ratioReturn relative to average drawdown | 4.64 | -0.04 | +4.67 |
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Drawdowns
MIAQX vs. ACP - Drawdown Comparison
The maximum MIAQX drawdown since its inception was -18.01%, smaller than the maximum ACP drawdown of -51.03%. Use the drawdown chart below to compare losses from any high point for MIAQX and ACP.
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Drawdown Indicators
| MIAQX | ACP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.01% | -51.03% | +33.02% |
Max Drawdown (1Y)Largest decline over 1 year | -2.84% | -10.51% | +7.67% |
Max Drawdown (3Y)Largest decline over 3 years | -4.17% | -18.97% | +14.80% |
Max Drawdown (5Y)Largest decline over 5 years | -18.01% | -38.83% | +20.82% |
Max Drawdown (10Y)Largest decline over 10 years | — | -51.03% | — |
Current DrawdownCurrent decline from peak | -1.54% | -7.88% | +6.34% |
Average DrawdownAverage peak-to-trough decline | -3.93% | -11.06% | +7.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.69% | 3.86% | -3.17% |
Volatility
MIAQX vs. ACP - Volatility Comparison
The current volatility for American Funds Multi-Sector Income Fund (MIAQX) is 0.88%, while abrdn Income Credit Strategies Fund (ACP) has a volatility of 3.78%. This indicates that MIAQX experiences smaller price fluctuations and is considered to be less risky than ACP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MIAQX | ACP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.88% | 3.78% | -2.90% |
Volatility (6M)Calculated over the trailing 6-month period | 3.02% | 10.07% | -7.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.65% | 12.30% | -8.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.80% | 17.03% | -12.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.33% | 21.09% | -15.76% |
MIAQX vs. ACP - Expense Ratio Comparison
MIAQX has a 0.78% expense ratio, which is lower than ACP's 1.97% expense ratio.
Dividends
MIAQX vs. ACP - Dividend Comparison
MIAQX's dividend yield for the trailing twelve months is around 5.61%, less than ACP's 18.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ACP abrdn Income Credit Strategies Fund | 18.53% | 17.19% | 19.72% | 17.65% | 17.70% | 11.76% | 12.73% | 12.27% | 12.60% | 10.26% | 10.72% | 12.69% |
MIAQX American Funds Multi-Sector Income Fund | 5.61% | 5.98% | 5.57% | 4.83% | 3.39% | 3.77% | 3.21% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MIAQX and ACP have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ACP has higher volatility (3.78%) compared to MIAQX (0.88%). In terms of maximum drawdown, MIAQX dropped -18.01% vs ACP's -51.03%.
MIAQX currently has the higher Sharpe Ratio (0.89 vs -0.01), 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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