PortfoliosLab logo
PortfoliosLab logo
Tools
Performance Analysis
Portfolio Analysis
Factor Model
Portfolios
Lazy PortfoliosUser Portfolios
Discussions
NDARX vs. ASBAX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

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.


-0.50.00.51.00.1

Performance

NDARX vs. ASBAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Funds Retirement Income Portfolio - Enhanced (NDARX) and American Funds Short-Term Bond Fund of America (ASBAX). The values are adjusted to include any dividend payments, if applicable.

0.00%20.00%40.00%60.00%80.00%100.00%JulyAugustSeptemberOctoberNovemberDecember
92.27%
11.16%
NDARX
ASBAX

Key characteristics

Sharpe Ratio

NDARX:

1.80

ASBAX:

1.86

Sortino Ratio

NDARX:

2.46

ASBAX:

3.02

Omega Ratio

NDARX:

1.34

ASBAX:

1.44

Calmar Ratio

NDARX:

3.77

ASBAX:

1.74

Martin Ratio

NDARX:

12.12

ASBAX:

9.48

Ulcer Index

NDARX:

1.09%

ASBAX:

0.41%

Daily Std Dev

NDARX:

7.33%

ASBAX:

2.11%

Max Drawdown

NDARX:

-23.62%

ASBAX:

-6.83%

Current Drawdown

NDARX:

-2.46%

ASBAX:

-0.80%

Returns By Period

In the year-to-date period, NDARX achieves a 11.65% return, which is significantly higher than ASBAX's 3.51% return.


NDARX

YTD

11.65%

1M

-0.43%

6M

4.96%

1Y

12.45%

5Y*

6.61%

10Y*

N/A

ASBAX

YTD

3.51%

1M

0.00%

6M

2.47%

1Y

3.93%

5Y*

1.06%

10Y*

1.13%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


NDARX vs. ASBAX - Expense Ratio Comparison

NDARX has a 0.34% expense ratio, which is lower than ASBAX's 0.66% expense ratio.


ASBAX
American Funds Short-Term Bond Fund of America
Expense ratio chart for ASBAX: current value at 0.66% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.66%
Expense ratio chart for NDARX: current value at 0.34% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.34%

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.


Sharpe ratio
The chart of Sharpe ratio for NDARX, currently valued at 1.80, compared to the broader market-1.000.001.002.003.004.001.801.86
The chart of Sortino ratio for NDARX, currently valued at 2.46, compared to the broader market-2.000.002.004.006.008.0010.002.463.02
The chart of Omega ratio for NDARX, currently valued at 1.34, compared to the broader market0.501.001.502.002.503.003.501.341.44
The chart of Calmar ratio for NDARX, currently valued at 3.77, compared to the broader market0.002.004.006.008.0010.0012.0014.003.771.74
The chart of Martin ratio for NDARX, currently valued at 12.12, compared to the broader market0.0020.0040.0060.0012.129.48
NDARX
ASBAX

The current NDARX Sharpe Ratio is 1.80, which is comparable to the ASBAX Sharpe Ratio of 1.86. The chart below compares the historical Sharpe Ratios of NDARX and ASBAX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio1.502.002.503.003.50JulyAugustSeptemberOctoberNovemberDecember
1.80
1.86
NDARX
ASBAX

Dividends

NDARX vs. ASBAX - Dividend Comparison

NDARX's dividend yield for the trailing twelve months is around 2.91%, less than ASBAX's 3.63% yield.


TTM20232022202120202019201820172016201520142013
NDARX
American Funds Retirement Income Portfolio - Enhanced
2.91%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
3.63%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.


-3.50%-3.00%-2.50%-2.00%-1.50%-1.00%-0.50%0.00%JulyAugustSeptemberOctoberNovemberDecember
-2.46%
-0.80%
NDARX
ASBAX

Volatility

NDARX vs. ASBAX - Volatility Comparison

American Funds Retirement Income Portfolio - Enhanced (NDARX) has a higher volatility of 2.67% compared to American Funds Short-Term Bond Fund of America (ASBAX) at 0.43%. 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.


0.00%0.50%1.00%1.50%2.00%2.50%3.00%3.50%JulyAugustSeptemberOctoberNovemberDecember
2.67%
0.43%
NDARX
ASBAX
PortfoliosLab logo
Performance Analysis
Portfolio AnalysisPortfolio PerformanceStock ComparisonSharpe RatioMartin RatioTreynor RatioSortino RatioOmega RatioCalmar RatioSummers Ratio
Community
Discussions


Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

Copyright © 2024 PortfoliosLab