NAARX vs. FMUAX
NAARX (American Funds Retirement Income Portfolio - Conservative) and FMUAX (Federated Hermes Municipal and Stock Advantage Fund) are both Diversified Portfolio funds. Over the past 10 years, NAARX returned 5.37%/yr vs 6.03%/yr for FMUAX. A 0.79 correlation means they provide meaningful diversification when combined. NAARX charges 0.34%/yr vs 1.00%/yr for FMUAX.
Performance
NAARX vs. FMUAX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, NAARX achieves a 3.77% return, which is significantly lower than FMUAX's 6.51% return. Over the past 10 years, NAARX has underperformed FMUAX with an annualized return of 5.37%, while FMUAX has yielded a comparatively higher 6.03% annualized return.
NAARX
- 1D
- 0.15%
- 1M
- 0.77%
- 6M
- 2.41%
- YTD
- 3.77%
- 1Y
- 9.27%
- 3Y*
- 9.09%
- 5Y*
- 4.46%
- 10Y*
- 5.37%
FMUAX
- 1D
- -0.24%
- 1M
- 0.78%
- 6M
- 5.31%
- YTD
- 6.51%
- 1Y
- 14.70%
- 3Y*
- 9.70%
- 5Y*
- 4.98%
- 10Y*
- 6.03%
NAARX vs. FMUAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NAARX American Funds Retirement Income Portfolio - Conservative | 3.77% | 13.24% | 6.80% | 6.89% | -10.04% | 8.51% | 8.40% | 13.11% | -2.76% | 8.89% |
FMUAX Federated Hermes Municipal and Stock Advantage Fund | 6.51% | 9.00% | 8.70% | 9.81% | -10.68% | 10.32% | 8.48% | 15.16% | -5.24% | 11.09% |
Correlation
The correlation between NAARX and FMUAX is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.79 |
The correlation between NAARX and FMUAX shifts across timeframes, from 0.64 (1 year) to 0.79 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
NAARX vs. FMUAX — Risk / Return Rank
NAARX
FMUAX
NAARX vs. FMUAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds Retirement Income Portfolio - Conservative (NAARX) and Federated Hermes Municipal and Stock Advantage Fund (FMUAX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| NAARX | FMUAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.15 | ||
| Sortino ratioReturn per unit of downside risk | -2.02 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.57 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 1.80 | 3.72 | -1.92 |
| Martin ratioReturn relative to average drawdown | 7.18 | 17.99 | -10.80 |
Loading charts...
Drawdowns
NAARX vs. FMUAX - Drawdown Comparison
The maximum NAARX drawdown since its inception was -15.66%, smaller than the maximum FMUAX drawdown of -22.43%. Use the drawdown chart below to compare losses from any high point for NAARX and FMUAX.
Loading charts...
Drawdown Indicators
| NAARX | FMUAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.66% | -22.43% | +6.77% |
Max Drawdown (1Y)Largest decline over 1 year | -5.21% | -4.94% | -0.27% |
Max Drawdown (3Y)Largest decline over 3 years | -6.21% | -10.18% | +3.97% |
Max Drawdown (5Y)Largest decline over 5 years | -15.66% | -15.93% | +0.27% |
Max Drawdown (10Y)Largest decline over 10 years | -15.66% | -21.46% | +5.80% |
Current DrawdownCurrent decline from peak | -0.22% | -0.30% | +0.08% |
Average DrawdownAverage peak-to-trough decline | -2.50% | -2.74% | +0.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.30% | 0.95% | +0.35% |
Volatility
NAARX vs. FMUAX - Volatility Comparison
The current volatility for American Funds Retirement Income Portfolio - Conservative (NAARX) is 1.19%, while Federated Hermes Municipal and Stock Advantage Fund (FMUAX) has a volatility of 1.57%. This indicates that NAARX experiences smaller price fluctuations and is considered to be less risky than FMUAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| NAARX | FMUAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.19% | 1.57% | -0.38% |
Volatility (6M)Calculated over the trailing 6-month period | 4.31% | 4.84% | -0.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.21% | 6.22% | -1.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.61% | 7.21% | -0.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.39% | 8.12% | -1.73% |
NAARX vs. FMUAX - Expense Ratio Comparison
NAARX has a 0.34% expense ratio, which is lower than FMUAX's 1.00% expense ratio.
Dividends
NAARX vs. FMUAX - Dividend Comparison
NAARX's dividend yield for the trailing twelve months is around 2.76%, more than FMUAX's 1.42% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMUAX Federated Hermes Municipal and Stock Advantage Fund | 1.42% | 1.23% | 2.01% | 2.53% | 2.25% | 4.56% | 2.12% | 4.00% | 7.98% | 2.17% | 2.36% | 2.80% |
NAARX American Funds Retirement Income Portfolio - Conservative | 2.76% | 3.27% | 3.37% | 3.17% | 3.19% | 2.98% | 3.84% | 3.28% | 3.33% | 2.23% | 2.21% | 0.00% |
Frequently Asked Questions
NAARX and FMUAX have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FMUAX has higher volatility (1.57%) compared to NAARX (1.19%). In terms of maximum drawdown, NAARX dropped -15.66% vs FMUAX's -22.43%.
FMUAX currently has the higher Sharpe Ratio (2.96 vs 1.80), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for NAARX and FMUAX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer