MIAQX vs. AMCPX
Compare and contrast key facts about American Funds Multi-Sector Income Fund (MIAQX) and American Funds AMCAP Fund Class A (AMCPX).
MIAQX is managed by American Funds. It was launched on Mar 21, 2019. AMCPX is managed by American Funds. It was launched on Jan 5, 1967.
Performance
MIAQX vs. AMCPX - Performance Comparison
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MIAQX vs. AMCPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
MIAQX American Funds Multi-Sector Income Fund | -1.59% | 7.81% | 6.08% | 9.47% | -13.04% | 2.10% | 8.29% | 3.20% |
AMCPX American Funds AMCAP Fund Class A | -8.56% | 17.68% | 21.11% | 31.04% | -28.67% | 20.57% | 21.42% | 13.60% |
Returns By Period
In the year-to-date period, MIAQX achieves a -1.59% return, which is significantly higher than AMCPX's -8.56% return.
MIAQX
- 1D
- 0.22%
- 1M
- -2.63%
- YTD
- -1.59%
- 6M
- -0.52%
- 1Y
- 4.53%
- 3Y*
- 6.16%
- 5Y*
- 2.08%
- 10Y*
- —
AMCPX
- 1D
- 3.69%
- 1M
- -6.51%
- YTD
- -8.56%
- 6M
- -6.41%
- 1Y
- 14.53%
- 3Y*
- 15.78%
- 5Y*
- 6.65%
- 10Y*
- 11.00%
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MIAQX vs. AMCPX - Expense Ratio Comparison
MIAQX has a 0.78% expense ratio, which is higher than AMCPX's 0.65% expense ratio.
Return for Risk
MIAQX vs. AMCPX — Risk / Return Rank
MIAQX
AMCPX
MIAQX vs. AMCPX - 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 AMCAP Fund Class A (AMCPX). 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.
| MIAQX | AMCPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.20 | 0.77 | +0.44 |
Sortino ratioReturn per unit of downside risk | 1.61 | 1.23 | +0.37 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.17 | +0.09 |
Calmar ratioReturn relative to maximum drawdown | 1.54 | 1.06 | +0.47 |
Martin ratioReturn relative to average drawdown | 6.10 | 4.25 | +1.86 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MIAQX | AMCPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.20 | 0.77 | +0.44 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.45 | 0.35 | +0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.59 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.58 | -0.03 |
Correlation
The correlation between MIAQX and AMCPX is 0.36, 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.
Dividends
MIAQX vs. AMCPX - Dividend Comparison
MIAQX's dividend yield for the trailing twelve months is around 5.61%, less than AMCPX's 9.54% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
AMCPX American Funds AMCAP Fund Class A | 9.54% | 8.73% | 8.19% | 3.26% | 7.54% | 3.43% | 3.88% | 4.90% | 7.84% | 5.37% | 3.81% | 8.86% |
Drawdowns
MIAQX vs. AMCPX - Drawdown Comparison
The maximum MIAQX drawdown since its inception was -18.01%, smaller than the maximum AMCPX drawdown of -62.37%. Use the drawdown chart below to compare losses from any high point for MIAQX and AMCPX.
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Drawdown Indicators
| MIAQX | AMCPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.01% | -62.37% | +44.36% |
Max Drawdown (1Y)Largest decline over 1 year | -3.31% | -14.18% | +10.87% |
Max Drawdown (5Y)Largest decline over 5 years | -18.01% | -36.90% | +18.89% |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.90% | — |
Current DrawdownCurrent decline from peak | -2.63% | -11.01% | +8.38% |
Average DrawdownAverage peak-to-trough decline | -4.09% | -9.60% | +5.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.83% | 3.54% | -2.71% |
Volatility
MIAQX vs. AMCPX - Volatility Comparison
The current volatility for American Funds Multi-Sector Income Fund (MIAQX) is 1.46%, while American Funds AMCAP Fund Class A (AMCPX) has a volatility of 6.69%. This indicates that MIAQX experiences smaller price fluctuations and is considered to be less risky than AMCPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MIAQX | AMCPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.46% | 6.69% | -5.23% |
Volatility (6M)Calculated over the trailing 6-month period | 2.31% | 11.65% | -9.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.24% | 19.90% | -15.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.71% | 19.19% | -14.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.37% | 18.67% | -13.30% |