MIAQX vs. ANWPX
Compare and contrast key facts about American Funds Multi-Sector Income Fund (MIAQX) and American Funds New Perspective Fund Class A (ANWPX).
MIAQX is managed by American Funds. It was launched on Mar 21, 2019. ANWPX is managed by American Funds. It was launched on Mar 13, 1973.
Performance
MIAQX vs. ANWPX - Performance Comparison
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MIAQX vs. ANWPX - 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% |
ANWPX American Funds New Perspective Fund Class A | -5.30% | 21.33% | 16.76% | 24.63% | -25.92% | 17.64% | 33.42% | 15.73% |
Returns By Period
In the year-to-date period, MIAQX achieves a -1.06% return, which is significantly higher than ANWPX's -5.30% return.
MIAQX
- 1D
- 0.54%
- 1M
- -1.80%
- YTD
- -1.06%
- 6M
- -0.08%
- 1Y
- 4.87%
- 3Y*
- 6.35%
- 5Y*
- 2.14%
- 10Y*
- —
ANWPX
- 1D
- 3.10%
- 1M
- -6.93%
- YTD
- -5.30%
- 6M
- -3.65%
- 1Y
- 16.52%
- 3Y*
- 14.90%
- 5Y*
- 7.06%
- 10Y*
- 12.32%
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MIAQX vs. ANWPX - Expense Ratio Comparison
MIAQX has a 0.78% expense ratio, which is higher than ANWPX's 0.72% expense ratio.
Return for Risk
MIAQX vs. ANWPX — Risk / Return Rank
MIAQX
ANWPX
MIAQX vs. ANWPX - 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 New Perspective Fund Class A (ANWPX). 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 | ANWPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.21 | 1.01 | +0.19 |
Sortino ratioReturn per unit of downside risk | 1.61 | 1.55 | +0.07 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.21 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.71 | 1.42 | +0.29 |
Martin ratioReturn relative to average drawdown | 6.70 | 5.78 | +0.92 |
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 | ANWPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.21 | 1.01 | +0.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.46 | 0.41 | +0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.70 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.65 | -0.10 |
Correlation
The correlation between MIAQX and ANWPX is 0.40, 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. ANWPX - Dividend Comparison
MIAQX's dividend yield for the trailing twelve months is around 5.58%, less than ANWPX's 6.94% 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% |
ANWPX American Funds New Perspective Fund Class A | 6.94% | 6.57% | 5.13% | 5.36% | 4.16% | 7.01% | 4.13% | 3.67% | 7.59% | 5.50% | 3.86% | 6.14% |
Drawdowns
MIAQX vs. ANWPX - Drawdown Comparison
The maximum MIAQX drawdown since its inception was -18.01%, smaller than the maximum ANWPX drawdown of -52.34%. Use the drawdown chart below to compare losses from any high point for MIAQX and ANWPX.
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Drawdown Indicators
| MIAQX | ANWPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.01% | -52.34% | +34.33% |
Max Drawdown (1Y)Largest decline over 1 year | -3.31% | -11.75% | +8.44% |
Max Drawdown (5Y)Largest decline over 5 years | -18.01% | -34.45% | +16.44% |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.45% | — |
Current DrawdownCurrent decline from peak | -2.11% | -8.73% | +6.62% |
Average DrawdownAverage peak-to-trough decline | -4.09% | -8.13% | +4.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.84% | 2.89% | -2.05% |
Volatility
MIAQX vs. ANWPX - Volatility Comparison
The current volatility for American Funds Multi-Sector Income Fund (MIAQX) is 1.59%, while American Funds New Perspective Fund Class A (ANWPX) has a volatility of 6.24%. This indicates that MIAQX experiences smaller price fluctuations and is considered to be less risky than ANWPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MIAQX | ANWPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.59% | 6.24% | -4.65% |
Volatility (6M)Calculated over the trailing 6-month period | 2.37% | 10.32% | -7.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.27% | 17.02% | -12.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.71% | 17.15% | -12.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.38% | 17.77% | -12.39% |