MIAQX vs. NDARX
Compare and contrast key facts about American Funds Multi-Sector Income Fund (MIAQX) and American Funds Retirement Income Portfolio - Enhanced (NDARX).
MIAQX is managed by American Funds. It was launched on Mar 21, 2019. NDARX is managed by American Funds. It was launched on Aug 27, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MIAQX or NDARX.
Key characteristics
| MIAQX | NDARX | |
|---|---|---|
| YTD Return | 6.17% | 12.45% |
| 1Y Return | 12.73% | 19.64% |
| 3Y Return (Ann) | 1.00% | 4.31% |
| 5Y Return (Ann) | 2.91% | 7.27% |
| Sharpe Ratio | 2.99 | 2.76 |
| Sortino Ratio | 4.79 | 3.91 |
| Omega Ratio | 1.61 | 1.53 |
| Calmar Ratio | 1.34 | 3.07 |
| Martin Ratio | 16.72 | 19.38 |
| Ulcer Index | 0.75% | 1.01% |
| Daily Std Dev | 4.18% | 7.13% |
| Max Drawdown | -17.39% | -23.62% |
| Current Drawdown | -1.49% | -1.34% |
Correlation
The correlation between MIAQX and NDARX is 0.48, 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.
Performance
MIAQX vs. NDARX - Performance Comparison
In the year-to-date period, MIAQX achieves a 6.17% return, which is significantly lower than NDARX's 12.45% 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. NDARX - Expense Ratio Comparison
MIAQX has a 0.78% expense ratio, which is higher than NDARX's 0.34% expense ratio.
Risk-Adjusted Performance
MIAQX vs. NDARX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds Multi-Sector Income Fund (MIAQX) and American Funds Retirement Income Portfolio - Enhanced (NDARX). 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. NDARX - Dividend Comparison
MIAQX's dividend yield for the trailing twelve months is around 6.00%, more than NDARX's 2.89% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
NDARX American Funds Retirement Income Portfolio - Enhanced | 2.89% | 3.03% | 2.93% | 2.25% | 2.59% | 2.61% | 2.88% | 2.39% | 2.50% | 0.71% |
Drawdowns
MIAQX vs. NDARX - Drawdown Comparison
The maximum MIAQX drawdown since its inception was -17.39%, smaller than the maximum NDARX drawdown of -23.62%. Use the drawdown chart below to compare losses from any high point for MIAQX and NDARX. For additional features, visit the drawdowns tool.
Volatility
MIAQX vs. NDARX - Volatility Comparison
The current volatility for American Funds Multi-Sector Income Fund (MIAQX) is 1.08%, while American Funds Retirement Income Portfolio - Enhanced (NDARX) has a volatility of 1.86%. This indicates that MIAQX experiences smaller price fluctuations and is considered to be less risky than NDARX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.