MIAQX vs. SGOV
Compare and contrast key facts about American Funds Multi-Sector Income Fund (MIAQX) and iShares 0-3 Month Treasury Bond ETF (SGOV).
MIAQX is managed by American Funds. It was launched on Mar 21, 2019. SGOV is a passively managed fund by iShares that tracks the performance of the ICE 0-3 Month US Treasury Bill Index. It was launched on May 26, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MIAQX or SGOV.
Key characteristics
| MIAQX | SGOV | |
|---|---|---|
| YTD Return | 6.17% | 4.65% |
| 1Y Return | 12.73% | 5.37% |
| 3Y Return (Ann) | 1.00% | 3.79% |
| Sharpe Ratio | 2.99 | 21.83 |
| Sortino Ratio | 4.79 | 525.73 |
| Omega Ratio | 1.61 | 526.73 |
| Calmar Ratio | 1.34 | 539.64 |
| Martin Ratio | 16.72 | 8,566.56 |
| Ulcer Index | 0.75% | 0.00% |
| Daily Std Dev | 4.18% | 0.25% |
| Max Drawdown | -17.39% | -0.03% |
| Current Drawdown | -1.49% | 0.00% |
Correlation
The correlation between MIAQX and SGOV is 0.03, 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. SGOV - Performance Comparison
In the year-to-date period, MIAQX achieves a 6.17% return, which is significantly higher than SGOV's 4.65% 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. SGOV - Expense Ratio Comparison
MIAQX has a 0.78% expense ratio, which is higher than SGOV's 0.03% expense ratio.
Risk-Adjusted Performance
MIAQX vs. SGOV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds Multi-Sector Income Fund (MIAQX) and iShares 0-3 Month Treasury Bond ETF (SGOV). 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. SGOV - Dividend Comparison
MIAQX's dividend yield for the trailing twelve months is around 6.00%, more than SGOV's 5.24% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
MIAQX American Funds Multi-Sector Income Fund | 6.00% | 5.82% | 4.53% | 3.40% | 4.01% |
SGOV iShares 0-3 Month Treasury Bond ETF | 5.24% | 4.87% | 1.45% | 0.03% | 0.04% |
Drawdowns
MIAQX vs. SGOV - Drawdown Comparison
The maximum MIAQX drawdown since its inception was -17.39%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for MIAQX and SGOV. For additional features, visit the drawdowns tool.
Volatility
MIAQX vs. SGOV - Volatility Comparison
American Funds Multi-Sector Income Fund (MIAQX) has a higher volatility of 1.08% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.08%. This indicates that MIAQX's price experiences larger fluctuations and is considered to be riskier than SGOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.