MIAQX vs. FXAIX
Compare and contrast key facts about American Funds Multi-Sector Income Fund (MIAQX) and Fidelity 500 Index Fund (FXAIX).
MIAQX is managed by American Funds. It was launched on Mar 21, 2019. FXAIX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MIAQX or FXAIX.
Key characteristics
| MIAQX | FXAIX | |
|---|---|---|
| YTD Return | 6.17% | 26.20% |
| 1Y Return | 12.73% | 33.96% |
| 3Y Return (Ann) | 1.00% | 10.01% |
| 5Y Return (Ann) | 2.91% | 15.63% |
| Sharpe Ratio | 2.99 | 2.81 |
| Sortino Ratio | 4.79 | 3.75 |
| Omega Ratio | 1.61 | 1.53 |
| Calmar Ratio | 1.34 | 4.05 |
| Martin Ratio | 16.72 | 18.33 |
| Ulcer Index | 0.75% | 1.87% |
| Daily Std Dev | 4.18% | 12.16% |
| Max Drawdown | -17.39% | -33.79% |
| Current Drawdown | -1.49% | -0.85% |
Correlation
The correlation between MIAQX and FXAIX is 0.35, 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.
Performance
MIAQX vs. FXAIX - Performance Comparison
In the year-to-date period, MIAQX achieves a 6.17% return, which is significantly lower than FXAIX's 26.20% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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MIAQX vs. FXAIX - Expense Ratio Comparison
MIAQX has a 0.78% expense ratio, which is higher than FXAIX's 0.02% expense ratio.
Risk-Adjusted Performance
MIAQX vs. FXAIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds Multi-Sector Income Fund (MIAQX) and Fidelity 500 Index Fund (FXAIX). 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.
Dividends
MIAQX vs. FXAIX - Dividend Comparison
MIAQX's dividend yield for the trailing twelve months is around 6.00%, more than FXAIX's 1.22% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MIAQX American Funds Multi-Sector Income Fund | 6.00% | 5.82% | 4.53% | 3.40% | 4.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FXAIX Fidelity 500 Index Fund | 1.22% | 1.45% | 1.69% | 1.22% | 1.60% | 1.95% | 2.07% | 1.81% | 2.01% | 2.56% | 2.63% | 1.84% |
Drawdowns
MIAQX vs. FXAIX - Drawdown Comparison
The maximum MIAQX drawdown since its inception was -17.39%, smaller than the maximum FXAIX drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for MIAQX and FXAIX. For additional features, visit the drawdowns tool.
Volatility
MIAQX vs. FXAIX - Volatility Comparison
The current volatility for American Funds Multi-Sector Income Fund (MIAQX) is 1.08%, while Fidelity 500 Index Fund (FXAIX) has a volatility of 3.80%. This indicates that MIAQX experiences smaller price fluctuations and is considered to be less risky than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.