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 87 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
FUMBX	Fidelity Short-Term Treasury Bond Index Fund	0.03%	—	Dec 2005	ASBAX vs FUMBX
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

Best Risk-Adjusted Alternatives to ASBAX

ASBAX has a PortfoliosLab risk / return rank of 36. There are 110 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
GPICX	GuidepathConservative Income Fund	99	—	Apr 2018	ASBAX vs GPICX
DHEIX	Diamond Hill Short Duration Securitized Bond Fund ...	99	—	Jul 2016	ASBAX vs DHEIX
DHEAX	Diamond Hill Short Duration Securitized Bond Fund	99	—	Jul 2016	ASBAX vs DHEAX
DFAIX	DFA Short-Duration Real Return Portfolio	98	—	Nov 2013	ASBAX vs DFAIX
BATAX	BlackRock Allocation Target Shares Series A Portfo...	97	—	Sep 2015	ASBAX vs BATAX

Top Performing ASBAX Alternatives (YTD)

ASBAX is at -0.07% YTD. There are 117 mutual funds in the Short-Term Bond category with higher YTD returns, going as high as 8.20%.

Symbol	Name	YTD Return	AUM	Inception
GPARX	GuidePath Absolute Return Allocation Fund	8.20%	—	Apr 2011	ASBAX vs GPARX
LCCMX	Leader Short Term High Yield Bond Fund	4.01%	—	Jul 2005	ASBAX vs LCCMX
DFAIX	DFA Short-Duration Real Return Portfolio	2.10%	—	Nov 2013	ASBAX vs DFAIX
HOBEX	Holbrook Income Fund	1.91%	—	Jul 2016	ASBAX vs HOBEX
DHEIX	Diamond Hill Short Duration Securitized Bond Fund ...	1.88%	—	Jul 2016	ASBAX vs DHEIX

Lowest Volatility Alternatives to ASBAX

ASBAX has 1.87% 1-year volatility. There are 44 mutual funds in the Short-Term Bond category with lower 1-year volatility, going as low as 0.80%.

Symbol	Name	Volatility 1Y	AUM	Inception
GPICX	GuidepathConservative Income Fund	0.80%	—	Apr 2018	ASBAX vs GPICX
DHEIX	Diamond Hill Short Duration Securitized Bond Fund ...	1.07%	—	Jul 2016	ASBAX vs DHEIX
DHEAX	Diamond Hill Short Duration Securitized Bond Fund	1.12%	—	Jul 2016	ASBAX vs DHEAX
DFEQX	DFA Short-Term Extended Quality Portfolio	1.13%	—	Mar 2009	ASBAX vs DFEQX
DLSNX	DoubleLine Low Duration Bond Fund Class N	1.19%	—	Sep 2011	ASBAX vs DLSNX

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, AWSHX and span 7 categories.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
ABALX	American Funds American Balanced Fund Class A	Diversified Portfolio	82	9.39%	—	Jul 1975	ASBAX vs ABALX
AIVSX	American Funds Investment Company of America Class...	Large Cap Blend Equities	45	8.86%	—	Jan 1934	ASBAX vs AIVSX
AWSHX	American Funds Washington Mutual Investors Fund Cl...	Large Cap Blend Equities	38	5.48%	—	Jul 1952	ASBAX vs AWSHX
RGAGX	American Funds The Growth Fund of America Class R-...	Large Cap Growth Equities	30	8.89%	—	Dec 1973	ASBAX vs RGAGX
RERGX	American Funds EUPAC Fund Class R-6	Foreign Large Cap Equities, Large Cap Growth Equities, Actively Managed	48	13.57%	—	May 2009	ASBAX vs RERGX
ANCFX	American Funds Fundamental Investors Class A	Large Cap Blend Equities, Actively Managed	68	14.25%	—	Aug 1978	ASBAX vs ANCFX
ANWPX	American Funds New Perspective Fund Class A	Global Equities, Large Cap Growth Equities, Actively Managed	28	6.46%	—	Mar 1973	ASBAX vs ANWPX
GFFFX	American Funds The Growth Fund of America Class F-...	Large Cap Growth Equities	30	8.83%	—	Dec 1973	ASBAX vs GFFFX
AMECX	American Funds The Income Fund of America Class A	Diversified Portfolio, Dividend	48	5.72%	—	Dec 1973	ASBAX vs AMECX
AMCPX	American Funds AMCAP Fund Class A	Large Cap Growth Equities	21	4.20%	—	Jan 1967	ASBAX vs AMCPX

Often Compared With ASBAX

Investors most often compare ASBAX with GSSRX, NDARX, AMUSX. These 20 comparison targets span 9 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
GSSRX	Goldman Sachs Short Duration Bond Fund	Short-Term Bond	70	0.62%	—	Feb 2012	ASBAX vs GSSRX
NDARX	American Funds Retirement Income Portfolio - Enhan...	Diversified Portfolio	59	6.40%	—	Aug 2015	ASBAX vs NDARX
AMUSX	American Funds U.S. Government Securities Fund	Government Bonds	10	-0.94%	—	Oct 1985	ASBAX vs AMUSX
SGOV	iShares 0-3 Month Treasury Bond ETF	Ultrashort Bond	100	1.71%	95.28B	May 2020	ASBAX vs SGOV
BND	Vanguard Total Bond Market ETF	Total Bond Market	32	0.49%	394.40B	Apr 2007	ASBAX vs BND
FXAIX	Fidelity 500 Index Fund	S&P 500	65	9.79%	—	Feb 1988	ASBAX vs FXAIX
FTBFX	Fidelity Total Bond Fund	Intermediate Core-Plus Bond	22	0.25%	—	Oct 2002	ASBAX vs FTBFX
BIL	SPDR Bloomberg 1-3 Month T-Bill ETF	Government Bonds, Ultrashort Bond	100	1.67%	46.54B	May 2007	ASBAX vs BIL
FBND	Fidelity Total Bond ETF	Intermediate Core-Plus Bond	35	0.72%	26.06B	Oct 2014	ASBAX vs FBND
FXNAX	Fidelity U.S. Bond Index Fund	Total Bond Market	18	0.11%	—	Mar 1990	ASBAX vs FXNAX
TEPAX	American Funds Tax-Exempt Preservation Portfolio	Municipal Bonds	67	0.81%	—	May 2012	ASBAX vs TEPAX
NAARX	American Funds Retirement Income Portfolio - Conse...	Diversified Portfolio	44	2.98%	—	Aug 2015	ASBAX vs NAARX
VBISX	Vanguard Short-Term Bond Index Fund	Short-Term Bond	29	-0.13%	—	Mar 1994	ASBAX vs VBISX
DLDFX	Destinations Low Duration Fixed Income Fund	Short-Term Bond	95	1.72%	—	Mar 2017	ASBAX vs DLDFX
TSDLX	T. Rowe Price Short Duration Income Fund	Short-Term Bond	86	0.58%	—	Dec 2020	ASBAX vs TSDLX
DBLSX	DoubleLine Low Duration Bond Fund	Short-Term Bond	97	1.06%	—	Sep 2011	ASBAX vs DBLSX
CMFIX	CM Advisors Fixed Income Fund	Short-Term Bond	70	0.73%	—	Mar 2006	ASBAX vs CMFIX
STBFX	Sextant Short Term Bond Fund	Short-Term Bond	—	—	—	Sep 1995	ASBAX vs STBFX
DFCFX	DFA Two-Year Fixed Income Portfolio	Short-Term Bond	65	1.62%	—	Jun 1996	ASBAX vs DFCFX
CWGIX	American Funds Capital World Growth and Income Fun...	Global Equities	71	15.66%	—	Mar 1993	ASBAX vs CWGIX

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