AFTEX vs. ANCFX
Compare and contrast key facts about American Funds Tax Exempt Bond Fund (AFTEX) and American Funds Fundamental Investors Class A (ANCFX).
AFTEX is managed by American Funds. It was launched on Oct 2, 1979. ANCFX is managed by American Funds. It was launched on Jan 8, 1978.
Performance
AFTEX vs. ANCFX - Performance Comparison
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AFTEX vs. ANCFX - 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% |
ANCFX American Funds Fundamental Investors Class A | -6.13% | 24.21% | 22.73% | 25.86% | -16.66% | 22.43% | 14.92% | 27.07% | -8.13% | 22.80% |
Returns By Period
In the year-to-date period, AFTEX achieves a -0.65% return, which is significantly higher than ANCFX's -6.13% return. Over the past 10 years, AFTEX has underperformed ANCFX with an annualized return of 2.08%, while ANCFX has yielded a comparatively higher 12.92% 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%
ANCFX
- 1D
- -0.62%
- 1M
- -9.88%
- YTD
- -6.13%
- 6M
- -2.09%
- 1Y
- 20.46%
- 3Y*
- 19.35%
- 5Y*
- 11.57%
- 10Y*
- 12.92%
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AFTEX vs. ANCFX - Expense Ratio Comparison
AFTEX has a 0.50% expense ratio, which is lower than ANCFX's 0.59% expense ratio.
Return for Risk
AFTEX vs. ANCFX — Risk / Return Rank
AFTEX
ANCFX
AFTEX vs. ANCFX - 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 Fundamental Investors Class A (ANCFX). 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 | ANCFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.96 | 1.16 | -0.19 |
Sortino ratioReturn per unit of downside risk | 1.31 | 1.75 | -0.44 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.25 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.05 | 1.61 | -0.56 |
Martin ratioReturn relative to average drawdown | 3.52 | 7.19 | -3.67 |
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 | ANCFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.96 | 1.16 | -0.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | 0.70 | -0.48 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | 0.73 | -0.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.42 | 0.61 | +0.81 |
Correlation
The correlation between AFTEX and ANCFX is 0.01, 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. ANCFX - Dividend Comparison
AFTEX's dividend yield for the trailing twelve months is around 3.04%, less than ANCFX's 9.11% 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% |
ANCFX American Funds Fundamental Investors Class A | 9.11% | 8.54% | 8.90% | 5.80% | 4.98% | 10.97% | 2.61% | 6.91% | 9.31% | 7.28% | 4.71% | 6.08% |
Drawdowns
AFTEX vs. ANCFX - Drawdown Comparison
The maximum AFTEX drawdown since its inception was -14.55%, smaller than the maximum ANCFX drawdown of -53.29%. Use the drawdown chart below to compare losses from any high point for AFTEX and ANCFX.
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Drawdown Indicators
| AFTEX | ANCFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.55% | -53.29% | +38.74% |
Max Drawdown (1Y)Largest decline over 1 year | -4.51% | -11.35% | +6.84% |
Max Drawdown (5Y)Largest decline over 5 years | -14.55% | -25.07% | +10.52% |
Max Drawdown (10Y)Largest decline over 10 years | -14.55% | -33.93% | +19.38% |
Current DrawdownCurrent decline from peak | -2.60% | -10.66% | +8.06% |
Average DrawdownAverage peak-to-trough decline | -1.67% | -7.34% | +5.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.34% | 2.54% | -1.20% |
Volatility
AFTEX vs. ANCFX - Volatility Comparison
The current volatility for American Funds Tax Exempt Bond Fund (AFTEX) is 1.00%, while American Funds Fundamental Investors Class A (ANCFX) has a volatility of 4.98%. This indicates that AFTEX experiences smaller price fluctuations and is considered to be less risky than ANCFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AFTEX | ANCFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.00% | 4.98% | -3.98% |
Volatility (6M)Calculated over the trailing 6-month period | 1.63% | 10.64% | -9.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.58% | 17.94% | -13.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.72% | 16.67% | -12.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.77% | 17.65% | -13.88% |