NDARX vs. CGIAX

Last updated Jun 5, 2026

NDARX (American Funds Retirement Income Portfolio - Enhanced) and CGIAX (American Funds International Growth and Income Fund) are both mutual funds - NDARX is a Diversified Portfolio fund managed by American Funds, while CGIAX is a Foreign Large Cap Equities fund managed by American Funds. Over the past 10 years, NDARX returned 8.45%/yr vs 9.51%/yr for CGIAX. Their correlation of 0.87 suggests significant overlap in exposure. NDARX charges 0.34%/yr vs 0.93%/yr for CGIAX.

Performance

NDARX vs. CGIAX - 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 International Growth and Income Fund (CGIAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NDARX achieves a 6.53% return, which is significantly lower than CGIAX's 12.65% return. Over the past 10 years, NDARX has underperformed CGIAX with an annualized return of 8.45%, while CGIAX has yielded a comparatively higher 9.51% annualized return.

NDARX

• 1D: -0.43%
• 1M: 1.77%
• YTD: 6.53%
• 6M: 7.20%
• 1Y: 17.36%
• 3Y*: 14.61%
• 5Y*: 7.81%
• 10Y*: 8.45%

CGIAX

• 1D: -0.66%
• 1M: 3.62%
• YTD: 12.65%
• 6M: 15.09%
• 1Y: 28.70%
• 3Y*: 18.97%
• 5Y*: 8.33%
• 10Y*: 9.51%

*Multi-year figures are annualized to reflect compound growth (CAGR)

NDARX vs. CGIAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NDARX American Funds Retirement Income Portfolio - Enhanced	6.53%	17.21%	11.68%	12.03%	-10.98%	15.09%	7.10%	17.88%	-4.99%	13.62%
CGIAX American Funds International Growth and Income Fund	12.65%	35.04%	3.26%	15.22%	-15.49%	9.79%	7.73%	27.06%	-14.45%	26.00%

Correlation

The correlation between NDARX and CGIAX is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.87
Correlation (3Y) Calculated over the trailing 3-year period	0.84
Correlation (5Y) Calculated over the trailing 5-year period	0.86
Correlation (10Y) Calculated over the trailing 10-year period	0.86
Correlation (All Time) Calculated using the full available price history since Jan 5, 2016	0.87

The correlation between NDARX and CGIAX has been stable across timeframes, ranging from 0.84 to 0.87 - a consistent structural relationship.

Return for Risk

NDARX vs. CGIAX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NDARX

NDARX Risk / Return Rank: 59
NDARX Sharpe Ratio Rank: 63
NDARX Sortino Ratio Rank: 61
NDARX Omega Ratio Rank: 64
NDARX Calmar Ratio Rank: 47
NDARX Martin Ratio Rank: 59

CGIAX

CGIAX Risk / Return Rank: 55
CGIAX Sharpe Ratio Rank: 59
CGIAX Sortino Ratio Rank: 57
CGIAX Omega Ratio Rank: 60
CGIAX Calmar Ratio Rank: 51
CGIAX Martin Ratio Rank: 51

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NDARX vs. CGIAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Funds Retirement Income Portfolio - Enhanced (NDARX) and American Funds International Growth and Income Fund (CGIAX). 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.

	NDARX	CGIAX	Difference
Sharpe ratio: Return per unit of total volatility	2.33	2.25	+0.08
Sortino ratio: Return per unit of downside risk	3.29	3.17	+0.12
Omega ratio: Gain probability vs. loss probability	1.44	1.42	+0.02
Calmar ratio: Return relative to maximum drawdown	2.59	2.71	-0.12
Martin ratio: Return relative to average drawdown	11.68	10.21	+1.47
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NDARX vs. CGIAX - Sharpe Ratio Comparison

The current NDARX Sharpe Ratio is 2.33, which is comparable to the CGIAX Sharpe Ratio of 2.25. The chart below compares the historical Sharpe Ratios of NDARX and CGIAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	NDARX	CGIAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.33	2.25	+0.08
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.83	0.57	+0.25
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.83	0.60	+0.23
Sharpe Ratio (All Time) Calculated using the full available price history	0.86	0.47	+0.39

Drawdowns

NDARX vs. CGIAX - Drawdown Comparison

The maximum NDARX drawdown since its inception was -23.62%, smaller than the maximum CGIAX drawdown of -35.78%. Use the drawdown chart below to compare losses from any high point for NDARX and CGIAX.

Drawdown Indicators

	NDARX	CGIAX	Difference
Max Drawdown Largest peak-to-trough decline	-23.62%	-35.78%	+12.16%
Max Drawdown (1Y) Largest decline over 1 year	-6.86%	-10.90%	+4.04%
Max Drawdown (3Y) Largest decline over 3 years	-9.18%	-12.58%	+3.40%
Max Drawdown (5Y) Largest decline over 5 years	-18.37%	-30.60%	+12.23%
Max Drawdown (10Y) Largest decline over 10 years	-23.62%	-35.78%	+12.16%
Current Drawdown Current decline from peak	-0.43%	-0.66%	+0.23%
Average Drawdown Average peak-to-trough decline	-3.09%	-7.94%	+4.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.52%	2.89%	-1.37%

Volatility

NDARX vs. CGIAX - Volatility Comparison

The current volatility for American Funds Retirement Income Portfolio - Enhanced (NDARX) is 2.33%, while American Funds International Growth and Income Fund (CGIAX) has a volatility of 4.86%. This indicates that NDARX experiences smaller price fluctuations and is considered to be less risky than CGIAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NDARX	CGIAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.33%	4.86%	-2.53%
Volatility (6M) Calculated over the trailing 6-month period	6.12%	11.07%	-4.95%
Volatility (1Y) Calculated over the trailing 1-year period	7.63%	13.13%	-5.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.49%	14.61%	-5.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.21%	15.91%	-5.70%

NDARX vs. CGIAX - Expense Ratio Comparison

NDARX has a 0.34% expense ratio, which is lower than CGIAX's 0.93% expense ratio.

Dividends

NDARX vs. CGIAX - Dividend Comparison

NDARX's dividend yield for the trailing twelve months is around 4.91%, less than CGIAX's 7.32% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CGIAX American Funds International Growth and Income Fund	7.32%	8.13%	3.34%	2.27%	3.99%	6.90%	1.35%	2.36%	2.74%	1.80%	2.29%	3.17%
NDARX American Funds Retirement Income Portfolio - Enhanced	4.91%	5.78%	3.07%	3.37%	5.60%	4.29%	2.91%	4.03%	4.29%	2.68%	2.86%	0.00%

Frequently Asked Questions

Can I hold both NDARX and CGIAX in my portfolio?

NDARX and CGIAX have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NDARX or CGIAX?

CGIAX has higher volatility (4.86%) compared to NDARX (2.33%). In terms of maximum drawdown, NDARX dropped -23.62% vs CGIAX's -35.78%.

Which has better risk-adjusted returns?

NDARX currently has the higher Sharpe Ratio (2.33 vs 2.25), 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.