NDARX vs. MIAQX
Compare and contrast key facts about American Funds Retirement Income Portfolio - Enhanced (NDARX) and American Funds Multi-Sector Income Fund (MIAQX).
NDARX is managed by American Funds. It was launched on Aug 27, 2015. MIAQX is managed by American Funds. It was launched on Mar 21, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NDARX or MIAQX.
Key characteristics
| NDARX | MIAQX | |
|---|---|---|
| YTD Return | 11.92% | 7.26% |
| 1Y Return | 19.24% | 14.49% |
| 3Y Return (Ann) | 5.11% | 1.12% |
| 5Y Return (Ann) | 7.69% | 3.47% |
| Sharpe Ratio | 2.44 | 2.97 |
| Daily Std Dev | 7.83% | 4.88% |
| Max Drawdown | -23.62% | -17.40% |
| Current Drawdown | -0.14% | 0.00% |
Correlation
The correlation between NDARX and MIAQX is 0.48, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
NDARX vs. MIAQX - Performance Comparison
In the year-to-date period, NDARX achieves a 11.92% return, which is significantly higher than MIAQX's 7.26% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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NDARX vs. MIAQX - Expense Ratio Comparison
NDARX has a 0.34% expense ratio, which is lower than MIAQX's 0.78% expense ratio.
Risk-Adjusted Performance
NDARX vs. MIAQX - 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 Multi-Sector Income Fund (MIAQX). 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. MIAQX - Dividend Comparison
NDARX's dividend yield for the trailing twelve months is around 3.10%, less than MIAQX's 5.90% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
NDARX American Funds Retirement Income Portfolio - Enhanced | 3.10% | 3.37% | 5.60% | 4.29% | 2.91% | 4.03% | 4.29% | 2.68% | 2.86% | 0.71% |
MIAQX American Funds Multi-Sector Income Fund | 5.90% | 5.82% | 4.52% | 3.40% | 4.37% | 3.35% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
NDARX vs. MIAQX - Drawdown Comparison
The maximum NDARX drawdown since its inception was -23.62%, which is greater than MIAQX's maximum drawdown of -17.40%. Use the drawdown chart below to compare losses from any high point for NDARX and MIAQX. For additional features, visit the drawdowns tool.
Volatility
NDARX vs. MIAQX - Volatility Comparison
American Funds Retirement Income Portfolio - Enhanced (NDARX) has a higher volatility of 2.24% compared to American Funds Multi-Sector Income Fund (MIAQX) at 0.60%. This indicates that NDARX's price experiences larger fluctuations and is considered to be riskier than MIAQX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.