NDARX vs. ASBAX
Compare and contrast key facts about American Funds Retirement Income Portfolio - Enhanced (NDARX) and American Funds Short-Term Bond Fund of America (ASBAX).
NDARX 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: NDARX or ASBAX.
Performance
NDARX vs. ASBAX - Performance Comparison
Returns By Period
In the year-to-date period, NDARX achieves a 12.13% return, which is significantly higher than ASBAX's 3.51% return.
NDARX
12.13%
-1.00%
6.21%
18.41%
7.25%
N/A
ASBAX
3.51%
-0.18%
3.05%
5.14%
1.09%
1.10%
Key characteristics
| NDARX | ASBAX | |
|---|---|---|
| Sharpe Ratio | 2.55 | 2.36 |
| Sortino Ratio | 3.62 | 3.98 |
| Omega Ratio | 1.48 | 1.58 |
| Calmar Ratio | 3.20 | 1.46 |
| Martin Ratio | 17.59 | 14.14 |
| Ulcer Index | 1.04% | 0.37% |
| Daily Std Dev | 7.15% | 2.23% |
| Max Drawdown | -23.62% | -6.83% |
| Current Drawdown | -1.63% | -0.80% |
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NDARX vs. ASBAX - Expense Ratio Comparison
NDARX has a 0.34% expense ratio, which is lower than ASBAX's 0.66% expense ratio.
Correlation
The correlation between NDARX and ASBAX is 0.05, 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.
Risk-Adjusted Performance
NDARX vs. ASBAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds Retirement Income Portfolio - Enhanced (NDARX) 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
NDARX vs. ASBAX - Dividend Comparison
NDARX's dividend yield for the trailing twelve months is around 2.90%, less than ASBAX's 3.94% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NDARX American Funds Retirement Income Portfolio - Enhanced | 2.90% | 3.03% | 2.93% | 2.25% | 2.59% | 2.61% | 2.88% | 2.39% | 2.50% | 0.71% | 0.00% | 0.00% |
ASBAX American Funds Short-Term Bond Fund of America | 3.94% | 3.20% | 1.37% | 0.42% | 1.11% | 1.76% | 1.70% | 1.13% | 0.89% | 0.86% | 0.39% | 0.61% |
Drawdowns
NDARX vs. ASBAX - Drawdown Comparison
The maximum NDARX drawdown since its inception was -23.62%, which is greater than ASBAX's maximum drawdown of -6.83%. Use the drawdown chart below to compare losses from any high point for NDARX and ASBAX. For additional features, visit the drawdowns tool.
Volatility
NDARX vs. ASBAX - Volatility Comparison
American Funds Retirement Income Portfolio - Enhanced (NDARX) has a higher volatility of 1.92% compared to American Funds Short-Term Bond Fund of America (ASBAX) at 0.54%. This indicates that NDARX'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.