MIAQX vs. ANCFX
Compare and contrast key facts about American Funds Multi-Sector Income Fund (MIAQX) and American Funds Fundamental Investors Class A (ANCFX).
MIAQX is managed by American Funds. It was launched on Mar 21, 2019. ANCFX is managed by American Funds. It was launched on Jan 8, 1978.
Performance
MIAQX vs. ANCFX - Performance Comparison
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MIAQX vs. ANCFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
MIAQX American Funds Multi-Sector Income Fund | -1.06% | 7.81% | 6.08% | 9.47% | -13.04% | 2.10% | 8.29% | 3.20% |
ANCFX American Funds Fundamental Investors Class A | -3.35% | 24.21% | 22.73% | 25.86% | -16.66% | 22.43% | 14.92% | 14.71% |
Returns By Period
In the year-to-date period, MIAQX achieves a -1.06% return, which is significantly higher than ANCFX's -3.35% return.
MIAQX
- 1D
- 0.54%
- 1M
- -1.80%
- YTD
- -1.06%
- 6M
- -0.08%
- 1Y
- 4.87%
- 3Y*
- 6.35%
- 5Y*
- 2.14%
- 10Y*
- —
ANCFX
- 1D
- 2.96%
- 1M
- -7.05%
- YTD
- -3.35%
- 6M
- 0.12%
- 1Y
- 23.25%
- 3Y*
- 20.52%
- 5Y*
- 11.90%
- 10Y*
- 13.25%
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MIAQX vs. ANCFX - Expense Ratio Comparison
MIAQX has a 0.78% expense ratio, which is higher than ANCFX's 0.59% expense ratio.
Return for Risk
MIAQX vs. ANCFX — Risk / Return Rank
MIAQX
ANCFX
MIAQX vs. ANCFX - 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 Fundamental Investors Class A (ANCFX). 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 | ANCFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.21 | 1.33 | -0.12 |
Sortino ratioReturn per unit of downside risk | 1.61 | 2.00 | -0.38 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.28 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.71 | 2.13 | -0.42 |
Martin ratioReturn relative to average drawdown | 6.70 | 9.34 | -2.64 |
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 | ANCFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.21 | 1.33 | -0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.46 | 0.72 | -0.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.75 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.62 | -0.06 |
Correlation
The correlation between MIAQX and ANCFX 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. ANCFX - Dividend Comparison
MIAQX's dividend yield for the trailing twelve months is around 5.58%, less than ANCFX's 8.85% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MIAQX American Funds Multi-Sector Income Fund | 5.58% | 5.98% | 5.57% | 4.83% | 3.39% | 3.77% | 3.21% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ANCFX American Funds Fundamental Investors Class A | 8.85% | 8.54% | 8.90% | 5.80% | 4.98% | 10.97% | 2.61% | 6.91% | 9.31% | 7.28% | 4.71% | 6.08% |
Drawdowns
MIAQX vs. ANCFX - Drawdown Comparison
The maximum MIAQX drawdown since its inception was -18.01%, smaller than the maximum ANCFX drawdown of -53.29%. Use the drawdown chart below to compare losses from any high point for MIAQX and ANCFX.
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Drawdown Indicators
| MIAQX | ANCFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.01% | -53.29% | +35.28% |
Max Drawdown (1Y)Largest decline over 1 year | -3.31% | -11.35% | +8.04% |
Max Drawdown (5Y)Largest decline over 5 years | -18.01% | -25.07% | +7.06% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.93% | — |
Current DrawdownCurrent decline from peak | -2.11% | -8.02% | +5.91% |
Average DrawdownAverage peak-to-trough decline | -4.09% | -7.34% | +3.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.84% | 2.59% | -1.75% |
Volatility
MIAQX vs. ANCFX - Volatility Comparison
The current volatility for American Funds Multi-Sector Income Fund (MIAQX) is 1.59%, while American Funds Fundamental Investors Class A (ANCFX) has a volatility of 6.04%. This indicates that MIAQX experiences smaller price fluctuations and is considered to be less risky than ANCFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MIAQX | ANCFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.59% | 6.04% | -4.45% |
Volatility (6M)Calculated over the trailing 6-month period | 2.37% | 11.03% | -8.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.27% | 18.13% | -13.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.71% | 16.72% | -12.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.38% | 17.67% | -12.29% |