AAATX vs. ASTEX
Compare and contrast key facts about American Funds 2010 Target Date Retirement Fund (AAATX) and American Funds Short-Term Tax Exempt Bond Fund (ASTEX).
AAATX is managed by American Funds. It was launched on Jan 31, 2007. ASTEX is managed by American Funds. It was launched on Aug 6, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AAATX or ASTEX.
Performance
AAATX vs. ASTEX - Performance Comparison
Returns By Period
In the year-to-date period, AAATX achieves a 8.22% return, which is significantly higher than ASTEX's 2.43% return. Over the past 10 years, AAATX has outperformed ASTEX with an annualized return of 5.04%, while ASTEX has yielded a comparatively lower 1.07% annualized return.
AAATX
8.22%
-0.81%
5.25%
13.26%
5.17%
5.04%
ASTEX
2.43%
-0.08%
2.66%
4.51%
1.02%
1.07%
Key characteristics
| AAATX | ASTEX | |
|---|---|---|
| Sharpe Ratio | 2.54 | 2.65 |
| Sortino Ratio | 3.69 | 4.49 |
| Omega Ratio | 1.49 | 1.78 |
| Calmar Ratio | 2.13 | 1.75 |
| Martin Ratio | 15.82 | 13.35 |
| Ulcer Index | 0.84% | 0.34% |
| Daily Std Dev | 5.21% | 1.70% |
| Max Drawdown | -37.63% | -5.66% |
| Current Drawdown | -1.53% | -0.58% |
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AAATX vs. ASTEX - Expense Ratio Comparison
AAATX has a 0.34% expense ratio, which is lower than ASTEX's 0.53% expense ratio.
Correlation
The correlation between AAATX and ASTEX is 0.06, 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.
Risk-Adjusted Performance
AAATX vs. ASTEX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds 2010 Target Date Retirement Fund (AAATX) and American Funds Short-Term Tax Exempt Bond Fund (ASTEX). 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
AAATX vs. ASTEX - Dividend Comparison
AAATX's dividend yield for the trailing twelve months is around 2.59%, more than ASTEX's 2.47% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AAATX American Funds 2010 Target Date Retirement Fund | 2.59% | 2.80% | 2.48% | 1.52% | 2.40% | 2.04% | 2.08% | 1.71% | 1.74% | 1.42% | 6.12% | 7.48% |
ASTEX American Funds Short-Term Tax Exempt Bond Fund | 2.47% | 2.09% | 1.07% | 0.50% | 1.04% | 1.51% | 1.44% | 1.23% | 1.07% | 1.03% | 1.05% | 1.10% |
Drawdowns
AAATX vs. ASTEX - Drawdown Comparison
The maximum AAATX drawdown since its inception was -37.63%, which is greater than ASTEX's maximum drawdown of -5.66%. Use the drawdown chart below to compare losses from any high point for AAATX and ASTEX. For additional features, visit the drawdowns tool.
Volatility
AAATX vs. ASTEX - Volatility Comparison
American Funds 2010 Target Date Retirement Fund (AAATX) has a higher volatility of 1.35% compared to American Funds Short-Term Tax Exempt Bond Fund (ASTEX) at 0.75%. This indicates that AAATX's price experiences larger fluctuations and is considered to be riskier than ASTEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.