AFTEX vs. ASTEX
Compare and contrast key facts about American Funds Tax Exempt Bond Fund (AFTEX) and American Funds Short-Term Tax Exempt Bond Fund (ASTEX).
AFTEX is managed by American Funds. It was launched on Oct 2, 1979. 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: AFTEX or ASTEX.
Performance
AFTEX vs. ASTEX - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with AFTEX having a 2.48% return and ASTEX slightly lower at 2.43%. Over the past 10 years, AFTEX has outperformed ASTEX with an annualized return of 2.31%, while ASTEX has yielded a comparatively lower 1.07% annualized return.
AFTEX
2.48%
0.26%
3.36%
6.69%
1.16%
2.31%
ASTEX
2.43%
0.02%
2.76%
4.40%
1.02%
1.07%
Key characteristics
| AFTEX | ASTEX | |
|---|---|---|
| Sharpe Ratio | 2.12 | 2.65 |
| Sortino Ratio | 3.18 | 4.49 |
| Omega Ratio | 1.49 | 1.78 |
| Calmar Ratio | 0.88 | 1.82 |
| Martin Ratio | 8.66 | 13.28 |
| Ulcer Index | 0.79% | 0.34% |
| Daily Std Dev | 3.25% | 1.70% |
| Max Drawdown | -14.38% | -5.66% |
| Current Drawdown | -1.67% | -0.58% |
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AFTEX vs. ASTEX - Expense Ratio Comparison
AFTEX has a 0.50% expense ratio, which is lower than ASTEX's 0.53% expense ratio.
Correlation
The correlation between AFTEX and ASTEX is 0.64, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
AFTEX vs. ASTEX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds Tax Exempt Bond Fund (AFTEX) 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
AFTEX vs. ASTEX - Dividend Comparison
AFTEX's dividend yield for the trailing twelve months is around 2.86%, more than ASTEX's 2.47% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AFTEX American Funds Tax Exempt Bond Fund | 2.86% | 2.69% | 2.33% | 1.95% | 2.27% | 2.63% | 2.88% | 3.05% | 3.17% | 3.21% | 3.38% | 3.52% |
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
AFTEX vs. ASTEX - Drawdown Comparison
The maximum AFTEX drawdown since its inception was -14.38%, which is greater than ASTEX's maximum drawdown of -5.66%. Use the drawdown chart below to compare losses from any high point for AFTEX and ASTEX. For additional features, visit the drawdowns tool.
Volatility
AFTEX vs. ASTEX - Volatility Comparison
American Funds Tax Exempt Bond Fund (AFTEX) has a higher volatility of 1.38% compared to American Funds Short-Term Tax Exempt Bond Fund (ASTEX) at 0.62%. This indicates that AFTEX'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.