AFTEX vs. AMECX
Compare and contrast key facts about American Funds Tax Exempt Bond Fund (AFTEX) and American Funds The Income Fund of America Class A (AMECX).
AFTEX is managed by American Funds. It was launched on Oct 2, 1979. AMECX is managed by American Funds. It was launched on Dec 1, 1973.
Performance
AFTEX vs. AMECX - Performance Comparison
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AFTEX vs. AMECX - 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% |
AMECX American Funds The Income Fund of America Class A | 1.48% | 17.77% | 10.84% | 6.79% | -6.40% | 17.37% | 4.49% | 18.50% | -5.27% | 12.58% |
Returns By Period
In the year-to-date period, AFTEX achieves a -0.65% return, which is significantly lower than AMECX's 1.48% return. Over the past 10 years, AFTEX has underperformed AMECX with an annualized return of 2.08%, while AMECX has yielded a comparatively higher 8.21% 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%
AMECX
- 1D
- 0.23%
- 1M
- -5.74%
- YTD
- 1.48%
- 6M
- 4.22%
- 1Y
- 14.19%
- 3Y*
- 11.95%
- 5Y*
- 7.95%
- 10Y*
- 8.21%
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AFTEX vs. AMECX - Expense Ratio Comparison
AFTEX has a 0.50% expense ratio, which is lower than AMECX's 0.56% expense ratio.
Return for Risk
AFTEX vs. AMECX — Risk / Return Rank
AFTEX
AMECX
AFTEX vs. AMECX - 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 The Income Fund of America Class A (AMECX). 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 | AMECX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.96 | 1.55 | -0.59 |
Sortino ratioReturn per unit of downside risk | 1.31 | 2.13 | -0.82 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.32 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 1.05 | 1.71 | -0.66 |
Martin ratioReturn relative to average drawdown | 3.52 | 8.01 | -4.49 |
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 | AMECX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.96 | 1.55 | -0.59 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | 0.85 | -0.63 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | 0.77 | -0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.42 | 0.72 | +0.70 |
Correlation
The correlation between AFTEX and AMECX is 0.07, 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. AMECX - Dividend Comparison
AFTEX's dividend yield for the trailing twelve months is around 3.04%, less than AMECX's 9.86% 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% |
AMECX American Funds The Income Fund of America Class A | 9.86% | 9.94% | 6.38% | 2.93% | 6.98% | 6.67% | 2.80% | 5.01% | 7.48% | 4.26% | 3.09% | 5.09% |
Drawdowns
AFTEX vs. AMECX - Drawdown Comparison
The maximum AFTEX drawdown since its inception was -14.55%, smaller than the maximum AMECX drawdown of -41.92%. Use the drawdown chart below to compare losses from any high point for AFTEX and AMECX.
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Drawdown Indicators
| AFTEX | AMECX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.55% | -41.92% | +27.37% |
Max Drawdown (1Y)Largest decline over 1 year | -4.51% | -8.19% | +3.68% |
Max Drawdown (5Y)Largest decline over 5 years | -14.55% | -15.78% | +1.23% |
Max Drawdown (10Y)Largest decline over 10 years | -14.55% | -26.13% | +11.58% |
Current DrawdownCurrent decline from peak | -2.60% | -5.74% | +3.14% |
Average DrawdownAverage peak-to-trough decline | -1.67% | -4.46% | +2.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.34% | 1.74% | -0.40% |
Volatility
AFTEX vs. AMECX - Volatility Comparison
The current volatility for American Funds Tax Exempt Bond Fund (AFTEX) is 1.00%, while American Funds The Income Fund of America Class A (AMECX) has a volatility of 2.94%. This indicates that AFTEX experiences smaller price fluctuations and is considered to be less risky than AMECX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AFTEX | AMECX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.00% | 2.94% | -1.94% |
Volatility (6M)Calculated over the trailing 6-month period | 1.63% | 5.49% | -3.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.58% | 9.48% | -4.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.72% | 9.44% | -5.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.77% | 10.66% | -6.89% |