MIAQX vs. AIBAX
MIAQX (American Funds Multi-Sector Income Fund) and AIBAX (American Funds Intermediate Bond Fund of America) are both mutual funds - MIAQX is a Multisector Bonds fund managed by American Funds, while AIBAX is a Short-Term Bond fund managed by American Funds. Over the past 5 years, MIAQX returned 1.81%/yr vs 0.77%/yr for AIBAX. Their 0.64 correlation means they have sometimes moved together and sometimes differently. MIAQX charges 0.78%/yr vs 0.63%/yr for AIBAX.
Performance
MIAQX vs. AIBAX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MIAQX achieves a 0.10% return, which is significantly higher than AIBAX's -0.58% return.
MIAQX
- 1D
- 0.11%
- 1M
- -1.28%
- 6M
- -0.30%
- YTD
- 0.10%
- 1Y
- 3.07%
- 3Y*
- 6.23%
- 5Y*
- 1.81%
- 10Y*
- —
- ALL TIME*
- 3.01%
AIBAX
- 1D
- 0.00%
- 1M
- -0.72%
- 6M
- -0.72%
- YTD
- -0.58%
- 1Y
- 2.32%
- 3Y*
- 4.07%
- 5Y*
- 0.77%
- 10Y*
- 1.57%
- ALL TIME*
- 3.89%
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 |
MIAQX vs. AIBAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
MIAQX American Funds Multi-Sector Income Fund | 0.10% | 7.81% | 6.08% | 9.47% | -13.04% | 2.10% | 8.29% | 3.20% |
AIBAX American Funds Intermediate Bond Fund of America | -0.58% | 6.83% | 2.91% | 4.09% | -8.02% | -0.89% | 7.36% | 3.18% |
Correlation
The correlation between MIAQX and AIBAX is 0.80, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.80 |
Correlation (3Y) Balances recent behavior with more history. | 0.79 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.72 |
Correlation (All Time) Calculated using the full available price history since Mar 22, 2019 | 0.64 |
The correlation between MIAQX and AIBAX shifts across timeframes, from 0.64 (all time) to 0.80 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
MIAQX vs. AIBAX — Risk / Return Rank
MIAQX
AIBAX
MIAQX vs. AIBAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds Multi-Sector Income Fund (MIAQX) and American Funds Intermediate Bond Fund of America (AIBAX). 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 | AIBAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.13 | ||
| Sortino ratioReturn per unit of downside risk | +0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.17 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.39 | 1.23 | +0.16 |
| Martin ratioReturn relative to average drawdown | 5.79 | 3.06 | +2.73 |
Loading charts...
Drawdowns
MIAQX vs. AIBAX - Drawdown Comparison
The maximum MIAQX drawdown since its inception was -18.01%, which is greater than AIBAX's maximum drawdown of -11.42%. Use the drawdown chart below to compare losses from any high point for MIAQX and AIBAX.
Loading charts...
Drawdown Indicators
| MIAQX | AIBAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.01% | -11.42% | -6.59% |
Max Drawdown (1Y)Largest decline over 1 year | -2.84% | -2.18% | -0.66% |
Max Drawdown (3Y)Largest decline over 3 years | -4.17% | -2.65% | -1.52% |
Max Drawdown (5Y)Largest decline over 5 years | -18.01% | -11.27% | -6.74% |
Max Drawdown (10Y)Largest decline over 10 years | — | -11.42% | — |
Current DrawdownCurrent decline from peak | -1.43% | -1.70% | +0.27% |
Average DrawdownAverage peak-to-trough decline | -3.93% | -1.19% | -2.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.68% | 0.87% | -0.19% |
Volatility
MIAQX vs. AIBAX - Volatility Comparison
American Funds Multi-Sector Income Fund (MIAQX) has a higher volatility of 0.89% compared to American Funds Intermediate Bond Fund of America (AIBAX) at 0.74%. This indicates that MIAQX's price experiences larger fluctuations and is considered to be riskier than AIBAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| MIAQX | AIBAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.89% | 0.74% | +0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 3.02% | 2.23% | +0.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.66% | 2.84% | +0.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.80% | 4.22% | +0.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.33% | 3.30% | +2.03% |
MIAQX vs. AIBAX - Expense Ratio Comparison
MIAQX has a 0.78% expense ratio, which is higher than AIBAX's 0.63% expense ratio.
Dividends
MIAQX vs. AIBAX - Dividend Comparison
MIAQX's dividend yield for the trailing twelve months is around 5.61%, more than AIBAX's 3.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AIBAX American Funds Intermediate Bond Fund of America | 3.55% | 3.87% | 4.00% | 3.01% | 1.63% | 0.91% | 3.25% | 2.59% | 1.66% | 1.21% | 1.72% | 1.85% |
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 AIBAX have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MIAQX has higher volatility (0.89%) compared to AIBAX (0.74%). In terms of maximum drawdown, MIAQX dropped -18.01% vs AIBAX's -11.42%.
MIAQX currently has the higher Sharpe Ratio (1.08 vs 0.95), 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.
Find the right allocation for MIAQX and AIBAX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer