AFTEX vs. AWSHX
Compare and contrast key facts about American Funds Tax Exempt Bond Fund (AFTEX) and American Funds Washington Mutual Investors Fund Class A (AWSHX).
AFTEX is managed by American Funds. It was launched on Oct 2, 1979. AWSHX is managed by American Funds. It was launched on Jul 31, 1952.
Performance
AFTEX vs. AWSHX - Performance Comparison
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AFTEX vs. AWSHX - 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% |
AWSHX American Funds Washington Mutual Investors Fund Class A | -5.27% | 17.20% | 19.02% | 17.21% | -8.45% | 28.44% | 7.69% | 24.86% | -6.16% | 20.03% |
Returns By Period
In the year-to-date period, AFTEX achieves a -0.65% return, which is significantly higher than AWSHX's -5.27% return. Over the past 10 years, AFTEX has underperformed AWSHX with an annualized return of 2.08%, while AWSHX has yielded a comparatively higher 11.82% 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%
AWSHX
- 1D
- -0.03%
- 1M
- -7.89%
- YTD
- -5.27%
- 6M
- -3.14%
- 1Y
- 10.70%
- 3Y*
- 15.28%
- 5Y*
- 10.91%
- 10Y*
- 11.82%
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AFTEX vs. AWSHX - Expense Ratio Comparison
AFTEX has a 0.50% expense ratio, which is lower than AWSHX's 0.58% expense ratio.
Return for Risk
AFTEX vs. AWSHX — Risk / Return Rank
AFTEX
AWSHX
AFTEX vs. AWSHX - 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 Washington Mutual Investors Fund Class A (AWSHX). 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 | AWSHX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.96 | 0.76 | +0.20 |
Sortino ratioReturn per unit of downside risk | 1.31 | 1.19 | +0.12 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.17 | +0.09 |
Calmar ratioReturn relative to maximum drawdown | 1.05 | 0.96 | +0.09 |
Martin ratioReturn relative to average drawdown | 3.52 | 4.37 | -0.84 |
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 | AWSHX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.96 | 0.76 | +0.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | 0.78 | -0.57 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | 0.73 | -0.17 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.42 | 0.62 | +0.80 |
Correlation
The correlation between AFTEX and AWSHX 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. AWSHX - Dividend Comparison
AFTEX's dividend yield for the trailing twelve months is around 3.04%, less than AWSHX's 10.67% 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% |
AWSHX American Funds Washington Mutual Investors Fund Class A | 10.67% | 10.08% | 10.06% | 6.14% | 6.31% | 6.05% | 3.06% | 6.19% | 4.36% | 7.26% | 6.37% | 6.25% |
Drawdowns
AFTEX vs. AWSHX - Drawdown Comparison
The maximum AFTEX drawdown since its inception was -14.55%, smaller than the maximum AWSHX drawdown of -53.95%. Use the drawdown chart below to compare losses from any high point for AFTEX and AWSHX.
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Drawdown Indicators
| AFTEX | AWSHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.55% | -53.95% | +39.40% |
Max Drawdown (1Y)Largest decline over 1 year | -4.51% | -10.37% | +5.86% |
Max Drawdown (5Y)Largest decline over 5 years | -14.55% | -18.64% | +4.09% |
Max Drawdown (10Y)Largest decline over 10 years | -14.55% | -34.65% | +20.10% |
Current DrawdownCurrent decline from peak | -2.60% | -8.37% | +5.77% |
Average DrawdownAverage peak-to-trough decline | -1.67% | -6.43% | +4.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.34% | 2.29% | -0.95% |
Volatility
AFTEX vs. AWSHX - Volatility Comparison
The current volatility for American Funds Tax Exempt Bond Fund (AFTEX) is 1.00%, while American Funds Washington Mutual Investors Fund Class A (AWSHX) has a volatility of 3.58%. This indicates that AFTEX experiences smaller price fluctuations and is considered to be less risky than AWSHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AFTEX | AWSHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.00% | 3.58% | -2.58% |
Volatility (6M)Calculated over the trailing 6-month period | 1.63% | 7.98% | -6.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.58% | 15.18% | -10.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.72% | 14.09% | -10.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.77% | 16.31% | -12.54% |