AFTEX vs. AIVSX
Compare and contrast key facts about American Funds Tax Exempt Bond Fund (AFTEX) and American Funds Investment Company of America Class A (AIVSX).
AFTEX is managed by American Funds. It was launched on Oct 2, 1979. AIVSX is managed by American Funds. It was launched on Jan 1, 1934.
Performance
AFTEX vs. AIVSX - Performance Comparison
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AFTEX vs. AIVSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AFTEX American Funds Tax Exempt Bond Fund | -0.65% | 4.88% | 2.28% | 5.96% | -9.68% | 1.87% | 4.73% | 7.42% | 0.78% | 5.83% |
AIVSX American Funds Investment Company of America Class A | -7.68% | 20.47% | 24.90% | 28.56% | -15.50% | 25.10% | 14.47% | 24.10% | -8.21% | 19.54% |
Returns By Period
In the year-to-date period, AFTEX achieves a -0.65% return, which is significantly higher than AIVSX's -7.68% return. Over the past 10 years, AFTEX has underperformed AIVSX with an annualized return of 2.08%, while AIVSX has yielded a comparatively higher 12.54% annualized return.
AFTEX
- 1D
- 0.16%
- 1M
- -2.60%
- YTD
- -0.65%
- 6M
- 0.77%
- 1Y
- 3.69%
- 3Y*
- 3.27%
- 5Y*
- 0.79%
- 10Y*
- 2.08%
AIVSX
- 1D
- -0.31%
- 1M
- -8.80%
- YTD
- -7.68%
- 6M
- -5.63%
- 1Y
- 14.65%
- 3Y*
- 18.86%
- 5Y*
- 12.03%
- 10Y*
- 12.54%
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AFTEX vs. AIVSX - Expense Ratio Comparison
AFTEX has a 0.50% expense ratio, which is lower than AIVSX's 0.57% expense ratio.
Return for Risk
AFTEX vs. AIVSX — Risk / Return Rank
AFTEX
AIVSX
AFTEX vs. AIVSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds Tax Exempt Bond Fund (AFTEX) and American Funds Investment Company of America Class A (AIVSX). 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.
| AFTEX | AIVSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.96 | 0.87 | +0.09 |
Sortino ratioReturn per unit of downside risk | 1.31 | 1.35 | -0.04 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.20 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 1.05 | 1.18 | -0.13 |
Martin ratioReturn relative to average drawdown | 3.52 | 5.00 | -1.48 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AFTEX | AIVSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.96 | 0.87 | +0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | 0.76 | -0.55 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | 0.76 | -0.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.42 | 0.67 | +0.75 |
Correlation
The correlation between AFTEX and AIVSX is 0.02, 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.
Dividends
AFTEX vs. AIVSX - Dividend Comparison
AFTEX's dividend yield for the trailing twelve months is around 3.04%, less than AIVSX's 11.51% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AFTEX American Funds Tax Exempt Bond Fund | 3.04% | 3.98% | 2.90% | 2.22% | 1.75% | 2.31% | 2.43% | 2.83% | 2.86% | 3.30% | 2.90% | 3.21% |
AIVSX American Funds Investment Company of America Class A | 11.51% | 10.60% | 9.29% | 4.96% | 6.12% | 6.94% | 1.65% | 6.15% | 9.61% | 7.08% | 5.48% | 8.95% |
Drawdowns
AFTEX vs. AIVSX - Drawdown Comparison
The maximum AFTEX drawdown since its inception was -14.55%, smaller than the maximum AIVSX drawdown of -50.90%. Use the drawdown chart below to compare losses from any high point for AFTEX and AIVSX.
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Drawdown Indicators
| AFTEX | AIVSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.55% | -50.90% | +36.35% |
Max Drawdown (1Y)Largest decline over 1 year | -4.51% | -10.76% | +6.25% |
Max Drawdown (5Y)Largest decline over 5 years | -14.55% | -24.31% | +9.76% |
Max Drawdown (10Y)Largest decline over 10 years | -14.55% | -31.09% | +16.54% |
Current DrawdownCurrent decline from peak | -2.60% | -10.08% | +7.48% |
Average DrawdownAverage peak-to-trough decline | -1.67% | -5.93% | +4.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.34% | 2.54% | -1.20% |
Volatility
AFTEX vs. AIVSX - Volatility Comparison
The current volatility for American Funds Tax Exempt Bond Fund (AFTEX) is 1.00%, while American Funds Investment Company of America Class A (AIVSX) has a volatility of 4.60%. This indicates that AFTEX experiences smaller price fluctuations and is considered to be less risky than AIVSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AFTEX | AIVSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.00% | 4.60% | -3.60% |
Volatility (6M)Calculated over the trailing 6-month period | 1.63% | 9.45% | -7.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.58% | 17.34% | -12.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.72% | 15.91% | -12.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.77% | 16.52% | -12.75% |