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.
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
Key characteristics
MIAQX:
2.25
SGOV:
22.26
MIAQX:
3.48
SGOV:
504.73
MIAQX:
1.45
SGOV:
505.73
MIAQX:
1.94
SGOV:
517.56
MIAQX:
10.13
SGOV:
8,216.06
MIAQX:
0.84%
SGOV:
0.00%
MIAQX:
3.76%
SGOV:
0.23%
MIAQX:
-17.39%
SGOV:
-0.03%
MIAQX:
-0.11%
SGOV:
0.00%
Returns By Period
In the year-to-date period, MIAQX achieves a 1.25% return, which is significantly higher than SGOV's 0.62% return.
MIAQX
1.25%
0.93%
2.01%
8.34%
2.74%
N/A
SGOV
0.62%
0.37%
2.36%
5.11%
N/A
N/A
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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 Rank
MIAQX
SGOV
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 6.03%, more than SGOV's 4.99% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
MIAQX American Funds Multi-Sector Income Fund | 6.03% | 6.07% | 5.82% | 4.53% | 3.40% | 4.01% |
SGOV iShares 0-3 Month Treasury Bond ETF | 4.99% | 5.10% | 4.87% | 1.45% | 0.03% | 0.05% |
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 0.99% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.06%. 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.