AAATX vs. LTEBX
Compare and contrast key facts about American Funds 2010 Target Date Retirement Fund (AAATX) and American Funds Limited Term Tax-Exempt Bond Fund (LTEBX).
AAATX is managed by American Funds. It was launched on Jan 31, 2007. LTEBX is managed by American Funds. It was launched on Oct 5, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AAATX or LTEBX.
Performance
AAATX vs. LTEBX - Performance Comparison
Returns By Period
In the year-to-date period, AAATX achieves a 8.22% return, which is significantly higher than LTEBX's 2.07% return. Over the past 10 years, AAATX has outperformed LTEBX with an annualized return of 5.04%, while LTEBX has yielded a comparatively lower 1.34% annualized return.
AAATX
8.22%
-0.81%
5.25%
13.26%
5.17%
5.04%
LTEBX
2.07%
-0.19%
2.72%
4.88%
0.83%
1.34%
Key characteristics
| AAATX | LTEBX | |
|---|---|---|
| Sharpe Ratio | 2.54 | 2.29 |
| Sortino Ratio | 3.69 | 3.55 |
| Omega Ratio | 1.49 | 1.53 |
| Calmar Ratio | 2.13 | 1.07 |
| Martin Ratio | 15.82 | 8.98 |
| Ulcer Index | 0.84% | 0.56% |
| Daily Std Dev | 5.21% | 2.19% |
| Max Drawdown | -37.63% | -8.45% |
| Current Drawdown | -1.53% | -0.96% |
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AAATX vs. LTEBX - Expense Ratio Comparison
AAATX has a 0.34% expense ratio, which is lower than LTEBX's 0.57% expense ratio.
Correlation
The correlation between AAATX and LTEBX is -0.02. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Risk-Adjusted Performance
AAATX vs. LTEBX - 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 Limited Term Tax-Exempt Bond Fund (LTEBX). 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. LTEBX - Dividend Comparison
AAATX's dividend yield for the trailing twelve months is around 2.59%, more than LTEBX's 2.25% 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% |
LTEBX American Funds Limited Term Tax-Exempt Bond Fund | 2.25% | 1.92% | 1.17% | 0.81% | 1.35% | 1.86% | 2.04% | 2.04% | 2.09% | 2.35% | 2.44% | 2.48% |
Drawdowns
AAATX vs. LTEBX - Drawdown Comparison
The maximum AAATX drawdown since its inception was -37.63%, which is greater than LTEBX's maximum drawdown of -8.45%. Use the drawdown chart below to compare losses from any high point for AAATX and LTEBX. For additional features, visit the drawdowns tool.
Volatility
AAATX vs. LTEBX - Volatility Comparison
American Funds 2010 Target Date Retirement Fund (AAATX) has a higher volatility of 1.35% compared to American Funds Limited Term Tax-Exempt Bond Fund (LTEBX) at 1.03%. This indicates that AAATX's price experiences larger fluctuations and is considered to be riskier than LTEBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.