NAARX vs. ASBAX
Compare and contrast key facts about American Funds Retirement Income Portfolio - Conservative (NAARX) and American Funds Short-Term Bond Fund of America (ASBAX).
NAARX is managed by American Funds. It was launched on Aug 27, 2015. ASBAX is managed by American Funds. It was launched on Oct 2, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NAARX or ASBAX.
Correlation
The correlation between NAARX and ASBAX is 0.24, 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
NAARX vs. ASBAX - Performance Comparison
Key characteristics
NAARX:
2.07
ASBAX:
2.42
NAARX:
2.86
ASBAX:
4.15
NAARX:
1.40
ASBAX:
1.61
NAARX:
1.97
ASBAX:
2.25
NAARX:
9.17
ASBAX:
13.77
NAARX:
1.20%
ASBAX:
0.35%
NAARX:
5.29%
ASBAX:
2.02%
NAARX:
-16.36%
ASBAX:
-6.83%
NAARX:
0.00%
ASBAX:
-0.10%
Returns By Period
In the year-to-date period, NAARX achieves a 3.35% return, which is significantly higher than ASBAX's 0.44% return.
NAARX
3.35%
1.61%
2.99%
10.86%
3.87%
N/A
ASBAX
0.44%
0.44%
1.72%
4.89%
1.18%
1.23%
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NAARX vs. ASBAX - Expense Ratio Comparison
NAARX has a 0.34% expense ratio, which is lower than ASBAX's 0.66% expense ratio.
Risk-Adjusted Performance
NAARX vs. ASBAX — Risk-Adjusted Performance Rank
NAARX
ASBAX
NAARX vs. ASBAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds Retirement Income Portfolio - Conservative (NAARX) and American Funds Short-Term Bond Fund of America (ASBAX). 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
NAARX vs. ASBAX - Dividend Comparison
NAARX's dividend yield for the trailing twelve months is around 3.25%, less than ASBAX's 4.01% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NAARX American Funds Retirement Income Portfolio - Conservative | 3.25% | 3.36% | 3.17% | 3.19% | 2.01% | 3.12% | 2.59% | 2.54% | 2.05% | 2.07% | 0.69% | 0.00% |
ASBAX American Funds Short-Term Bond Fund of America | 4.01% | 4.00% | 3.20% | 1.37% | 0.42% | 1.11% | 1.76% | 1.70% | 1.13% | 0.89% | 0.86% | 0.39% |
Drawdowns
NAARX vs. ASBAX - Drawdown Comparison
The maximum NAARX drawdown since its inception was -16.36%, which is greater than ASBAX's maximum drawdown of -6.83%. Use the drawdown chart below to compare losses from any high point for NAARX and ASBAX. For additional features, visit the drawdowns tool.
Volatility
NAARX vs. ASBAX - Volatility Comparison
American Funds Retirement Income Portfolio - Conservative (NAARX) has a higher volatility of 1.22% compared to American Funds Short-Term Bond Fund of America (ASBAX) at 0.53%. This indicates that NAARX's price experiences larger fluctuations and is considered to be riskier than ASBAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.