AFTEX vs. LTEBX
Compare and contrast key facts about American Funds Tax Exempt Bond Fund (AFTEX) and American Funds Limited Term Tax-Exempt Bond Fund (LTEBX).
AFTEX is managed by American Funds. It was launched on Oct 2, 1979. LTEBX is managed by American Funds. It was launched on Oct 5, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AFTEX or LTEBX.
Key characteristics
| AFTEX | LTEBX | |
|---|---|---|
| YTD Return | -1.08% | -0.76% |
| 1Y Return | 2.68% | 1.76% |
| 3Y Return (Ann) | -1.15% | -0.63% |
| 5Y Return (Ann) | 1.23% | 0.97% |
| 10Y Return (Ann) | 2.37% | 1.34% |
| Sharpe Ratio | 0.77 | 0.86 |
| Daily Std Dev | 3.71% | 2.22% |
| Max Drawdown | -14.37% | -8.00% |
| Current Drawdown | -4.79% | -2.32% |
Correlation
The correlation between AFTEX and LTEBX is 0.87, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
AFTEX vs. LTEBX - Performance Comparison
In the year-to-date period, AFTEX achieves a -1.08% return, which is significantly lower than LTEBX's -0.76% return. Over the past 10 years, AFTEX has outperformed LTEBX with an annualized return of 2.37%, while LTEBX has yielded a comparatively lower 1.34% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
AFTEX vs. LTEBX - Expense Ratio Comparison
AFTEX has a 0.50% expense ratio, which is lower than LTEBX's 0.57% expense ratio.
Risk-Adjusted Performance
AFTEX vs. LTEBX - 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 Limited Term Tax-Exempt Bond Fund (LTEBX). 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. LTEBX - Dividend Comparison
AFTEX's dividend yield for the trailing twelve months is around 2.61%, more than LTEBX's 2.07% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AFTEX American Funds Tax Exempt Bond Fund | 2.61% | 2.50% | 2.33% | 2.46% | 2.43% | 2.63% | 2.86% | 3.05% | 3.17% | 3.21% | 3.38% | 3.52% |
LTEBX American Funds Limited Term Tax-Exempt Bond Fund | 2.07% | 1.91% | 1.18% | 1.29% | 1.92% | 2.05% | 2.03% | 2.04% | 2.09% | 2.35% | 2.44% | 2.48% |
Drawdowns
AFTEX vs. LTEBX - Drawdown Comparison
The maximum AFTEX drawdown since its inception was -14.37%, which is greater than LTEBX's maximum drawdown of -8.00%. Use the drawdown chart below to compare losses from any high point for AFTEX and LTEBX. For additional features, visit the drawdowns tool.
Volatility
AFTEX vs. LTEBX - Volatility Comparison
American Funds Tax Exempt Bond Fund (AFTEX) has a higher volatility of 0.87% compared to American Funds Limited Term Tax-Exempt Bond Fund (LTEBX) at 0.60%. This indicates that AFTEX's price experiences larger fluctuations and is considered to be riskier than LTEBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.