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.
Performance
MIAQX vs. PONAX - Performance Comparison
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MIAQX vs. PONAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
MIAQX American Funds Multi-Sector Income Fund | -1.06% | 7.81% | 6.08% | 9.47% | -13.04% | 2.10% | 8.29% | 3.20% |
PONAX PIMCO Income Fund Class A | -1.05% | 10.63% | 5.02% | 8.96% | -9.34% | 2.21% | 5.40% | 5.03% |
Returns By Period
The year-to-date returns for both investments are quite close, with MIAQX having a -1.06% return and PONAX slightly higher at -1.05%.
MIAQX
- 1D
- 0.54%
- 1M
- -1.80%
- YTD
- -1.06%
- 6M
- -0.08%
- 1Y
- 4.87%
- 3Y*
- 6.35%
- 5Y*
- 2.14%
- 10Y*
- —
PONAX
- 1D
- 0.37%
- 1M
- -2.36%
- YTD
- -1.05%
- 6M
- 1.17%
- 1Y
- 5.88%
- 3Y*
- 6.92%
- 5Y*
- 3.04%
- 10Y*
- 4.29%
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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.
Return for Risk
MIAQX vs. PONAX — Risk / Return Rank
MIAQX
PONAX
MIAQX vs. PONAX - Risk-Adjusted Trends 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.
| MIAQX | PONAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.21 | 1.45 | -0.24 |
Sortino ratioReturn per unit of downside risk | 1.61 | 2.07 | -0.46 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.27 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.71 | 1.89 | -0.18 |
Martin ratioReturn relative to average drawdown | 6.70 | 7.46 | -0.76 |
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 | PONAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.21 | 1.45 | -0.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.46 | 0.65 | -0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.04 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 1.48 | -0.92 |
Correlation
The correlation between MIAQX and PONAX is 0.79, 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.
Dividends
MIAQX vs. PONAX - Dividend Comparison
MIAQX's dividend yield for the trailing twelve months is around 5.58%, more than PONAX's 5.18% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MIAQX American Funds Multi-Sector Income Fund | 5.58% | 5.98% | 5.57% | 4.83% | 3.39% | 3.77% | 3.21% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PONAX PIMCO Income Fund Class A | 5.18% | 5.61% | 5.86% | 5.86% | 4.66% | 3.62% | 4.48% | 5.42% | 5.24% | 4.97% | 5.13% | 7.45% |
Drawdowns
MIAQX vs. PONAX - Drawdown Comparison
The maximum MIAQX drawdown since its inception was -18.01%, which is greater than PONAX's maximum drawdown of -13.64%. Use the drawdown chart below to compare losses from any high point for MIAQX and PONAX.
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Drawdown Indicators
| MIAQX | PONAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.01% | -13.64% | -4.37% |
Max Drawdown (1Y)Largest decline over 1 year | -3.31% | -3.69% | +0.38% |
Max Drawdown (5Y)Largest decline over 5 years | -18.01% | -13.64% | -4.37% |
Max Drawdown (10Y)Largest decline over 10 years | — | -13.64% | — |
Current DrawdownCurrent decline from peak | -2.11% | -2.88% | +0.77% |
Average DrawdownAverage peak-to-trough decline | -4.09% | -1.80% | -2.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.84% | 0.94% | -0.10% |
Volatility
MIAQX vs. PONAX - Volatility Comparison
The current volatility for American Funds Multi-Sector Income Fund (MIAQX) is 1.59%, while PIMCO Income Fund Class A (PONAX) has a volatility of 1.90%. This indicates that MIAQX experiences smaller price fluctuations and is considered to be less risky than PONAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MIAQX | PONAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.59% | 1.90% | -0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 2.37% | 2.64% | -0.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.27% | 4.24% | +0.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.71% | 4.72% | -0.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.38% | 4.16% | +1.22% |