MIAQX vs. CWGIX
Compare and contrast key facts about American Funds Multi-Sector Income Fund (MIAQX) and American Funds Capital World Growth and Income Fund Class A (CWGIX).
MIAQX is managed by American Funds. It was launched on Mar 21, 2019. CWGIX is managed by American Funds. It was launched on Mar 26, 1993.
Performance
MIAQX vs. CWGIX - Performance Comparison
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MIAQX vs. CWGIX - 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% |
CWGIX American Funds Capital World Growth and Income Fund Class A | -4.19% | 24.68% | 13.85% | 20.55% | -17.32% | 14.74% | 15.31% | 13.03% |
Returns By Period
In the year-to-date period, MIAQX achieves a -1.59% return, which is significantly higher than CWGIX's -4.19% return.
MIAQX
- 1D
- 0.22%
- 1M
- -2.63%
- YTD
- -1.59%
- 6M
- -0.52%
- 1Y
- 4.53%
- 3Y*
- 6.16%
- 5Y*
- 2.08%
- 10Y*
- —
CWGIX
- 1D
- -0.47%
- 1M
- -9.84%
- YTD
- -4.19%
- 6M
- -0.07%
- 1Y
- 19.60%
- 3Y*
- 15.56%
- 5Y*
- 8.31%
- 10Y*
- 10.27%
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MIAQX vs. CWGIX - Expense Ratio Comparison
MIAQX has a 0.78% expense ratio, which is higher than CWGIX's 0.75% expense ratio.
Return for Risk
MIAQX vs. CWGIX — Risk / Return Rank
MIAQX
CWGIX
MIAQX vs. CWGIX - 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 Capital World Growth and Income Fund Class A (CWGIX). 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 | CWGIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.20 | 1.23 | -0.03 |
Sortino ratioReturn per unit of downside risk | 1.61 | 1.78 | -0.17 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.25 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.54 | 1.57 | -0.04 |
Martin ratioReturn relative to average drawdown | 6.10 | 6.75 | -0.64 |
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 | CWGIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.20 | 1.23 | -0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.45 | 0.56 | -0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.65 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.65 | -0.11 |
Correlation
The correlation between MIAQX and CWGIX is 0.39, 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. CWGIX - Dividend Comparison
MIAQX's dividend yield for the trailing twelve months is around 5.61%, less than CWGIX's 11.03% 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% |
CWGIX American Funds Capital World Growth and Income Fund Class A | 11.03% | 10.54% | 7.88% | 3.20% | 2.09% | 6.82% | 1.23% | 2.44% | 7.00% | 6.63% | 4.96% | 3.78% |
Drawdowns
MIAQX vs. CWGIX - Drawdown Comparison
The maximum MIAQX drawdown since its inception was -18.01%, smaller than the maximum CWGIX drawdown of -54.47%. Use the drawdown chart below to compare losses from any high point for MIAQX and CWGIX.
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Drawdown Indicators
| MIAQX | CWGIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.01% | -54.47% | +36.46% |
Max Drawdown (1Y)Largest decline over 1 year | -3.31% | -11.08% | +7.77% |
Max Drawdown (5Y)Largest decline over 5 years | -18.01% | -27.18% | +9.17% |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.00% | — |
Current DrawdownCurrent decline from peak | -2.63% | -10.52% | +7.89% |
Average DrawdownAverage peak-to-trough decline | -4.09% | -7.16% | +3.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.83% | 2.58% | -1.75% |
Volatility
MIAQX vs. CWGIX - Volatility Comparison
The current volatility for American Funds Multi-Sector Income Fund (MIAQX) is 1.46%, while American Funds Capital World Growth and Income Fund Class A (CWGIX) has a volatility of 5.20%. This indicates that MIAQX experiences smaller price fluctuations and is considered to be less risky than CWGIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MIAQX | CWGIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.46% | 5.20% | -3.74% |
Volatility (6M)Calculated over the trailing 6-month period | 2.31% | 10.06% | -7.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.24% | 15.77% | -11.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.71% | 14.98% | -10.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.37% | 15.94% | -10.57% |