ASBAX Alternatives & Similar Mutual Funds

American Funds Short-Term Bond Fund of America (ASBAX) belongs to the Short-Term Bond category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with ASBAX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to ASBAX

ASBAX charges 0.66% annually. There are 86 mutual funds in the Short-Term Bond category with lower expense ratios, going as low as 0.02%.

Symbol	Name	Expense Ratio	AUM	Inception
VISTX	Vanguard Institutional Short-Term Bond Fund	0.02%	—	Jun 2015	ASBAX vs VISTX
VIITX	Vanguard Institutional Intermediate-Term Bond Fund	0.02%	—	Jun 2015	ASBAX vs VIITX
SWSBX	Schwab Short-Term Bond Index Fund	0.06%	—	Feb 2017	ASBAX vs SWSBX
TNSHX	TIAA-CREF Short-Term Bond Index Fund	0.09%	—	Aug 2015	ASBAX vs TNSHX
VBISX	Vanguard Short-Term Bond Index Fund	0.15%	—	Mar 1994	ASBAX vs VBISX

Best Risk-Adjusted Alternatives to ASBAX

ASBAX has a PortfoliosLab risk / return rank of 47. There are 109 mutual funds in the Short-Term Bond category with higher risk-adjusted ranks, going as high as 99.

Symbol	Name	Risk / Return Rank	AUM	Inception
DHEIX	Diamond Hill Short Duration Securitized Bond Fund ...	99	—	Jul 2016	ASBAX vs DHEIX
GPICX	GuidepathConservative Income Fund	99	—	Apr 2018	ASBAX vs GPICX
DFAIX	DFA Short-Duration Real Return Portfolio	99	—	Nov 2013	ASBAX vs DFAIX
DHEAX	Diamond Hill Short Duration Securitized Bond Fund	99	—	Jul 2016	ASBAX vs DHEAX
DBLSX	DoubleLine Low Duration Bond Fund	97	—	Sep 2011	ASBAX vs DBLSX

Top Performing ASBAX Alternatives (YTD)

ASBAX is at 0.35% YTD. There are 108 mutual funds in the Short-Term Bond category with higher YTD returns, going as high as 10.27%.

Symbol	Name	YTD Return	AUM	Inception
GPARX	GuidePath Absolute Return Allocation Fund	10.27%	—	Apr 2011	ASBAX vs GPARX
LCCMX	Leader Short Term High Yield Bond Fund	3.89%	—	Jul 2005	ASBAX vs LCCMX
DFAIX	DFA Short-Duration Real Return Portfolio	2.57%	—	Nov 2013	ASBAX vs DFAIX
HOBEX	Holbrook Income Fund	2.12%	—	Jul 2016	ASBAX vs HOBEX
BATAX	BlackRock Allocation Target Shares Series A Portfo...	1.87%	—	Sep 2015	ASBAX vs BATAX

Lowest Volatility Alternatives to ASBAX

ASBAX has 1.84% 1-year volatility. There are 41 mutual funds in the Short-Term Bond category with lower 1-year volatility, going as low as 0.83%.

Symbol	Name	Volatility 1Y	AUM	Inception
GPICX	GuidepathConservative Income Fund	0.83%	—	Apr 2018	ASBAX vs GPICX
DHEIX	Diamond Hill Short Duration Securitized Bond Fund ...	1.05%	—	Jul 2016	ASBAX vs DHEIX
DFEQX	DFA Short-Term Extended Quality Portfolio	1.07%	—	Mar 2009	ASBAX vs DFEQX
DFAIX	DFA Short-Duration Real Return Portfolio	1.10%	—	Nov 2013	ASBAX vs DFAIX
DHEAX	Diamond Hill Short Duration Securitized Bond Fund	1.11%	—	Jul 2016	ASBAX vs DHEAX

Lowest Drawdown Alternatives to ASBAX

ASBAX has a 1-year max drawdown of -1.24%. There are 55 mutual funds in the Short-Term Bond category with shallower 1-year drawdowns, going as shallow as -0.25%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
GPICX	GuidepathConservative Income Fund	-0.25%	—	Apr 2018	ASBAX vs GPICX
DFAIX	DFA Short-Duration Real Return Portfolio	-0.47%	—	Nov 2013	ASBAX vs DFAIX
DHEAX	Diamond Hill Short Duration Securitized Bond Fund	-0.50%	—	Jul 2016	ASBAX vs DHEAX
DHEIX	Diamond Hill Short Duration Securitized Bond Fund ...	-0.50%	—	Jul 2016	ASBAX vs DHEIX
HOBEX	Holbrook Income Fund	-0.61%	—	Jul 2016	ASBAX vs HOBEX

Other Mutual Funds from American Funds

The 10 most viewed American Funds mutual funds shown here include ABALX, AIVSX, RGAGX and span 6 categories.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
ABALX	American Funds American Balanced Fund Class A	Diversified Portfolio	85	9.98%	—	Jul 1975	ASBAX vs ABALX
AIVSX	American Funds Investment Company of America Class...	Large Cap Blend Equities	55	10.91%	—	Jan 1934	ASBAX vs AIVSX
RGAGX	American Funds The Growth Fund of America Class R-...	Large Cap Growth Equities	35	10.24%	—	Dec 1973	ASBAX vs RGAGX
AWSHX	American Funds Washington Mutual Investors Fund Cl...	Large Cap Blend Equities	38	5.89%	—	Jul 1952	ASBAX vs AWSHX
RERGX	American Funds EuroPacific Growth Fund Class R-6	Foreign Large Cap Equities, Large Cap Growth Equities	40	12.33%	—	—	ASBAX vs RERGX
ANCFX	American Funds Fundamental Investors Class A	Large Cap Blend Equities	75	15.14%	—	Jan 1978	ASBAX vs ANCFX
ANWPX	American Funds New Perspective Fund Class A	Large Cap Growth Equities, Global Equities	29	7.38%	—	Mar 1973	ASBAX vs ANWPX
GFFFX	American Funds The Growth Fund of America	Large Cap Growth Equities	34	10.19%	—	Dec 1973	ASBAX vs GFFFX
AMECX	American Funds The Income Fund of America Class A	Diversified Portfolio, Dividend	53	6.34%	—	Dec 1973	ASBAX vs AMECX
AMCPX	American Funds AMCAP Fund Class A	Large Cap Growth Equities	27	6.34%	—	Jan 1967	ASBAX vs AMCPX

Often Compared With ASBAX

Investors most often compare ASBAX with NDARX, GSSRX, AMUSX. These 20 comparison targets span 10 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
NDARX	American Funds Retirement Income Portfolio - Enhan...	Diversified Portfolio	64	7.00%	—	Aug 2015	ASBAX vs NDARX
GSSRX	Goldman Sachs Short Duration Bond Fund	Short-Term Bond	69	0.83%	—	Feb 2012	ASBAX vs GSSRX
AMUSX	American Funds U.S. Government Securities Fund	Government Bonds	14	-0.35%	—	Oct 1985	ASBAX vs AMUSX
SGOV	iShares 0-3 Month Treasury Bond ETF	Ultrashort Bond	100	1.51%	91.90B	May 2020	ASBAX vs SGOV
BND	Vanguard Total Bond Market ETF	Total Bond Market	37	0.27%	389.80B	Apr 2007	ASBAX vs BND
FXAIX	Fidelity 500 Index Fund	S&P 500	73	11.71%	—	Feb 1988	ASBAX vs FXAIX
FTBFX	Fidelity Total Bond Fund	Total Bond Market	27	0.57%	—	Oct 2002	ASBAX vs FTBFX
BIL	SPDR Bloomberg 1-3 Month T-Bill ETF	Government Bonds, Ultrashort Bond	100	1.49%	45.99B	May 2007	ASBAX vs BIL
FBND	Fidelity Total Bond ETF	Intermediate Core-Plus Bond	40	0.50%	25.56B	Oct 2014	ASBAX vs FBND
FXNAX	Fidelity U.S. Bond Index Fund	Total Bond Market	23	0.40%	—	Mar 1990	ASBAX vs FXNAX
TEPAX	American Funds Tax-Exempt Preservation Portfolio	Municipal Bonds	69	0.81%	—	May 2012	ASBAX vs TEPAX
NAARX	American Funds Retirement Income Portfolio - Conse...	Diversified Portfolio	50	3.45%	—	Aug 2015	ASBAX vs NAARX
DLDFX	Destinations Low Duration Fixed Income Fund	Short-Term Bond	94	1.61%	—	Mar 2017	ASBAX vs DLDFX
TSDLX	T. Rowe Price Short Duration Income Fund	Short-Term Bond	96	0.90%	—	Dec 2020	ASBAX vs TSDLX
STBFX	Sextant Short Term Bond Fund	Short-Term Bond	—	—	—	Sep 1995	ASBAX vs STBFX
DFCFX	DFA Two-Year Fixed Income Portfolio	Short-Term Bond	66	1.52%	—	Jun 1996	ASBAX vs DFCFX
CMFIX	CM Advisors Fixed Income Fund	Short-Term Bond	71	0.90%	—	Mar 2006	ASBAX vs CMFIX
CWGIX	American Funds Capital World Growth and Income Fun...	Global Equities	74	16.44%	—	Mar 1993	ASBAX vs CWGIX
SNSAX	SEI Asset Allocation Trust Defensive Strategy Fund	Short-Term Bond	89	1.86%	—	Nov 2003	ASBAX vs SNSAX
AGTHX	American Funds The Growth Fund of America Class A	Large Cap Growth Equities	34	10.09%	—	Dec 1973	ASBAX vs AGTHX

Compare ASBAX with Any Fund or Stock

Compare ASBAX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

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Diversifiers

Pair ASBAX with funds that move differently

American Funds Short-Term Bond Fund of America alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to ASBAX.

Explore ASBAX Diversifiers

American Funds Short-Term Bond Fund of America (ASBAX) Alternatives