MIAQX vs. PONAX
Compare and contrast key facts about American Funds Multi-Sector Income Fund (MIAQX) and PIMCO Income Fund Class A (PONAX).
MIAQX is managed by American Funds. It was launched on Mar 21, 2019. PONAX is managed by PIMCO. It was launched on Apr 2, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MIAQX or PONAX.
Key characteristics
| MIAQX | PONAX | |
|---|---|---|
| YTD Return | 6.17% | 4.30% |
| 1Y Return | 12.73% | 9.36% |
| 3Y Return (Ann) | 1.00% | 1.53% |
| 5Y Return (Ann) | 2.91% | 2.72% |
| Sharpe Ratio | 2.99 | 2.08 |
| Sortino Ratio | 4.79 | 3.12 |
| Omega Ratio | 1.61 | 1.40 |
| Calmar Ratio | 1.34 | 1.88 |
| Martin Ratio | 16.72 | 10.33 |
| Ulcer Index | 0.75% | 0.87% |
| Daily Std Dev | 4.18% | 4.31% |
| Max Drawdown | -17.39% | -13.42% |
| Current Drawdown | -1.49% | -1.93% |
Correlation
The correlation between MIAQX and PONAX is 0.80, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
MIAQX vs. PONAX - Performance Comparison
In the year-to-date period, MIAQX achieves a 6.17% return, which is significantly higher than PONAX's 4.30% 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. PONAX - Expense Ratio Comparison
MIAQX has a 0.78% expense ratio, which is lower than PONAX's 1.02% expense ratio.
Risk-Adjusted Performance
MIAQX vs. PONAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds Multi-Sector Income Fund (MIAQX) and PIMCO Income Fund Class A (PONAX). 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. PONAX - Dividend Comparison
MIAQX's dividend yield for the trailing twelve months is around 6.00%, more than PONAX's 5.86% 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% |
PONAX PIMCO Income Fund Class A | 5.86% | 5.87% | 5.96% | 3.62% | 4.49% | 5.47% | 5.24% | 4.95% | 5.17% | 7.33% | 5.89% | 5.09% |
Drawdowns
MIAQX vs. PONAX - Drawdown Comparison
The maximum MIAQX drawdown since its inception was -17.39%, which is greater than PONAX's maximum drawdown of -13.42%. Use the drawdown chart below to compare losses from any high point for MIAQX and PONAX. For additional features, visit the drawdowns tool.
Volatility
MIAQX vs. PONAX - Volatility Comparison
American Funds Multi-Sector Income Fund (MIAQX) and PIMCO Income Fund Class A (PONAX) have volatilities of 1.08% and 1.09%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.