MIAQX vs. ASTEX
Compare and contrast key facts about American Funds Multi-Sector Income Fund (MIAQX) and American Funds Short-Term Tax Exempt Bond Fund (ASTEX).
MIAQX is managed by American Funds. It was launched on Mar 21, 2019. ASTEX is managed by American Funds. It was launched on Aug 6, 2009.
Performance
MIAQX vs. ASTEX - Performance Comparison
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MIAQX vs. ASTEX - 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% |
ASTEX American Funds Short-Term Tax Exempt Bond Fund | 0.02% | 5.34% | 2.46% | 2.91% | -3.25% | -0.29% | 2.91% | 2.29% |
Returns By Period
In the year-to-date period, MIAQX achieves a -1.59% return, which is significantly lower than ASTEX's 0.02% return.
MIAQX
- 1D
- 0.22%
- 1M
- -2.63%
- YTD
- -1.59%
- 6M
- -0.52%
- 1Y
- 4.53%
- 3Y*
- 6.16%
- 5Y*
- 2.08%
- 10Y*
- —
ASTEX
- 1D
- 0.00%
- 1M
- -1.28%
- YTD
- 0.02%
- 6M
- 0.65%
- 1Y
- 3.62%
- 3Y*
- 3.16%
- 5Y*
- 1.42%
- 10Y*
- 1.50%
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MIAQX vs. ASTEX - Expense Ratio Comparison
MIAQX has a 0.78% expense ratio, which is higher than ASTEX's 0.53% expense ratio.
Return for Risk
MIAQX vs. ASTEX — Risk / Return Rank
MIAQX
ASTEX
MIAQX vs. ASTEX - 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 Short-Term Tax Exempt Bond Fund (ASTEX). 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 | ASTEX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.20 | 2.00 | -0.80 |
Sortino ratioReturn per unit of downside risk | 1.61 | 3.00 | -1.39 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.68 | -0.42 |
Calmar ratioReturn relative to maximum drawdown | 1.54 | 2.27 | -0.73 |
Martin ratioReturn relative to average drawdown | 6.10 | 9.83 | -3.72 |
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 | ASTEX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.20 | 2.00 | -0.80 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.45 | 0.82 | -0.37 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.92 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 1.07 | -0.53 |
Correlation
The correlation between MIAQX and ASTEX is 0.45, 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. ASTEX - Dividend Comparison
MIAQX's dividend yield for the trailing twelve months is around 5.61%, more than ASTEX's 2.76% 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% |
ASTEX American Funds Short-Term Tax Exempt Bond Fund | 2.76% | 3.66% | 2.53% | 1.73% | 0.78% | 0.68% | 1.31% | 1.62% | 1.44% | 1.32% | 0.97% | 1.03% |
Drawdowns
MIAQX vs. ASTEX - Drawdown Comparison
The maximum MIAQX drawdown since its inception was -18.01%, which is greater than ASTEX's maximum drawdown of -5.73%. Use the drawdown chart below to compare losses from any high point for MIAQX and ASTEX.
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Drawdown Indicators
| MIAQX | ASTEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.01% | -5.73% | -12.28% |
Max Drawdown (1Y)Largest decline over 1 year | -3.31% | -1.90% | -1.41% |
Max Drawdown (5Y)Largest decline over 5 years | -18.01% | -5.62% | -12.39% |
Max Drawdown (10Y)Largest decline over 10 years | — | -5.73% | — |
Current DrawdownCurrent decline from peak | -2.63% | -1.28% | -1.35% |
Average DrawdownAverage peak-to-trough decline | -4.09% | -0.70% | -3.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.83% | 0.44% | +0.39% |
Volatility
MIAQX vs. ASTEX - Volatility Comparison
American Funds Multi-Sector Income Fund (MIAQX) has a higher volatility of 1.46% compared to American Funds Short-Term Tax Exempt Bond Fund (ASTEX) at 0.49%. This indicates that MIAQX's price experiences larger fluctuations and is considered to be riskier than ASTEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MIAQX | ASTEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.46% | 0.49% | +0.97% |
Volatility (6M)Calculated over the trailing 6-month period | 2.31% | 0.98% | +1.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.24% | 2.11% | +2.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.71% | 1.75% | +2.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.37% | 1.63% | +3.74% |