AFTEX vs. HYMB
Compare and contrast key facts about American Funds Tax Exempt Bond Fund (AFTEX) and SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF (HYMB).
AFTEX is managed by American Funds. It was launched on Oct 2, 1979. HYMB is a passively managed fund by State Street that tracks the performance of the Bloomberg Municipal Yield. It was launched on Apr 13, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AFTEX or HYMB.
Performance
AFTEX vs. HYMB - Performance Comparison
Returns By Period
In the year-to-date period, AFTEX achieves a 2.48% return, which is significantly lower than HYMB's 6.37% return. Over the past 10 years, AFTEX has underperformed HYMB with an annualized return of 2.31%, while HYMB has yielded a comparatively higher 3.07% annualized return.
AFTEX
2.48%
0.26%
3.36%
6.69%
1.16%
2.31%
HYMB
6.37%
0.35%
4.57%
10.88%
1.22%
3.07%
Key characteristics
| AFTEX | HYMB | |
|---|---|---|
| Sharpe Ratio | 2.12 | 2.10 |
| Sortino Ratio | 3.18 | 2.93 |
| Omega Ratio | 1.49 | 1.41 |
| Calmar Ratio | 0.88 | 0.86 |
| Martin Ratio | 8.66 | 13.02 |
| Ulcer Index | 0.79% | 0.87% |
| Daily Std Dev | 3.25% | 5.43% |
| Max Drawdown | -14.38% | -29.57% |
| Current Drawdown | -1.67% | -3.46% |
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AFTEX vs. HYMB - Expense Ratio Comparison
AFTEX has a 0.50% expense ratio, which is higher than HYMB's 0.35% expense ratio.
Correlation
The correlation between AFTEX and HYMB is 0.46, 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. HYMB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds Tax Exempt Bond Fund (AFTEX) and SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF (HYMB). 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. HYMB - Dividend Comparison
AFTEX's dividend yield for the trailing twelve months is around 2.86%, less than HYMB's 4.17% 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% |
HYMB SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF | 4.17% | 4.06% | 3.77% | 3.19% | 3.55% | 3.95% | 4.03% | 3.78% | 4.08% | 4.54% | 4.49% | 5.17% |
Drawdowns
AFTEX vs. HYMB - Drawdown Comparison
The maximum AFTEX drawdown since its inception was -14.38%, smaller than the maximum HYMB drawdown of -29.57%. Use the drawdown chart below to compare losses from any high point for AFTEX and HYMB. For additional features, visit the drawdowns tool.
Volatility
AFTEX vs. HYMB - Volatility Comparison
The current volatility for American Funds Tax Exempt Bond Fund (AFTEX) is 1.38%, while SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF (HYMB) has a volatility of 2.08%. This indicates that AFTEX experiences smaller price fluctuations and is considered to be less risky than HYMB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.