MIAQX vs. VOO
Compare and contrast key facts about American Funds Multi-Sector Income Fund (MIAQX) and Vanguard S&P 500 ETF (VOO).
MIAQX is managed by American Funds. It was launched on Mar 21, 2019. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MIAQX or VOO.
Correlation
The correlation between MIAQX and VOO is 0.35, 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. VOO - Performance Comparison
Key characteristics
MIAQX:
1.71
VOO:
0.32
MIAQX:
2.56
VOO:
0.57
MIAQX:
1.34
VOO:
1.08
MIAQX:
1.65
VOO:
0.32
MIAQX:
7.03
VOO:
1.42
MIAQX:
0.97%
VOO:
4.19%
MIAQX:
4.01%
VOO:
18.73%
MIAQX:
-17.39%
VOO:
-33.99%
MIAQX:
-2.66%
VOO:
-13.85%
Returns By Period
In the year-to-date period, MIAQX achieves a -0.46% return, which is significantly higher than VOO's -9.88% return.
MIAQX
-0.46%
-1.93%
-0.60%
6.62%
3.70%
N/A
VOO
-9.88%
-6.86%
-9.35%
6.85%
14.69%
11.66%
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MIAQX vs. VOO - Expense Ratio Comparison
MIAQX has a 0.78% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
MIAQX vs. VOO — Risk-Adjusted Performance Rank
MIAQX
VOO
MIAQX vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds Multi-Sector Income Fund (MIAQX) and Vanguard S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
MIAQX's dividend yield for the trailing twelve months is around 6.21%, more than VOO's 1.44% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MIAQX American Funds Multi-Sector Income Fund | 6.21% | 6.07% | 5.82% | 4.53% | 3.40% | 4.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.44% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% |
Drawdowns
MIAQX vs. VOO - Drawdown Comparison
The maximum MIAQX drawdown since its inception was -17.39%, smaller than the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for MIAQX and VOO. For additional features, visit the drawdowns tool.
Volatility
MIAQX vs. VOO - Volatility Comparison
The current volatility for American Funds Multi-Sector Income Fund (MIAQX) is 1.94%, while Vanguard S&P 500 ETF (VOO) has a volatility of 13.31%. This indicates that MIAQX experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.