MIAQX vs. AMECX
Compare and contrast key facts about American Funds Multi-Sector Income Fund (MIAQX) and American Funds The Income Fund of America Class A (AMECX).
MIAQX is managed by American Funds. It was launched on Mar 21, 2019. AMECX is managed by American Funds. It was launched on Dec 1, 1973.
Performance
MIAQX vs. AMECX - Performance Comparison
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MIAQX vs. AMECX - 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% |
AMECX American Funds The Income Fund of America Class A | 1.48% | 17.77% | 10.84% | 6.79% | -6.40% | 17.37% | 4.49% | 10.59% |
Returns By Period
In the year-to-date period, MIAQX achieves a -1.59% return, which is significantly lower than AMECX's 1.48% return.
MIAQX
- 1D
- 0.22%
- 1M
- -2.63%
- YTD
- -1.59%
- 6M
- -0.52%
- 1Y
- 4.53%
- 3Y*
- 6.16%
- 5Y*
- 2.08%
- 10Y*
- —
AMECX
- 1D
- 0.23%
- 1M
- -5.74%
- YTD
- 1.48%
- 6M
- 4.22%
- 1Y
- 14.19%
- 3Y*
- 11.95%
- 5Y*
- 7.95%
- 10Y*
- 8.21%
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MIAQX vs. AMECX - Expense Ratio Comparison
MIAQX has a 0.78% expense ratio, which is higher than AMECX's 0.56% expense ratio.
Return for Risk
MIAQX vs. AMECX — Risk / Return Rank
MIAQX
AMECX
MIAQX vs. AMECX - 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 The Income Fund of America Class A (AMECX). 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 | AMECX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.20 | 1.55 | -0.35 |
Sortino ratioReturn per unit of downside risk | 1.61 | 2.13 | -0.52 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.32 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 1.54 | 1.71 | -0.17 |
Martin ratioReturn relative to average drawdown | 6.10 | 8.01 | -1.91 |
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 | AMECX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.20 | 1.55 | -0.35 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.45 | 0.85 | -0.40 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.77 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.72 | -0.17 |
Correlation
The correlation between MIAQX and AMECX is 0.43, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
MIAQX vs. AMECX - Dividend Comparison
MIAQX's dividend yield for the trailing twelve months is around 5.61%, less than AMECX's 9.86% 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% |
AMECX American Funds The Income Fund of America Class A | 9.86% | 9.94% | 6.38% | 2.93% | 6.98% | 6.67% | 2.80% | 5.01% | 7.48% | 4.26% | 3.09% | 5.09% |
Drawdowns
MIAQX vs. AMECX - Drawdown Comparison
The maximum MIAQX drawdown since its inception was -18.01%, smaller than the maximum AMECX drawdown of -41.92%. Use the drawdown chart below to compare losses from any high point for MIAQX and AMECX.
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Drawdown Indicators
| MIAQX | AMECX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.01% | -41.92% | +23.91% |
Max Drawdown (1Y)Largest decline over 1 year | -3.31% | -8.19% | +4.88% |
Max Drawdown (5Y)Largest decline over 5 years | -18.01% | -15.78% | -2.23% |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.13% | — |
Current DrawdownCurrent decline from peak | -2.63% | -5.74% | +3.11% |
Average DrawdownAverage peak-to-trough decline | -4.09% | -4.46% | +0.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.83% | 1.74% | -0.91% |
Volatility
MIAQX vs. AMECX - Volatility Comparison
The current volatility for American Funds Multi-Sector Income Fund (MIAQX) is 1.46%, while American Funds The Income Fund of America Class A (AMECX) has a volatility of 2.94%. This indicates that MIAQX experiences smaller price fluctuations and is considered to be less risky than AMECX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MIAQX | AMECX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.46% | 2.94% | -1.48% |
Volatility (6M)Calculated over the trailing 6-month period | 2.31% | 5.49% | -3.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.24% | 9.48% | -5.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.71% | 9.44% | -4.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.37% | 10.66% | -5.29% |