AFTEX vs. MMIBX
Compare and contrast key facts about American Funds Tax Exempt Bond Fund (AFTEX) and MFS Municipal Income Fund (MMIBX).
AFTEX is managed by American Funds. It was launched on Oct 2, 1979. MMIBX is managed by MFS. It was launched on Dec 28, 1986.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AFTEX or MMIBX.
Performance
AFTEX vs. MMIBX - Performance Comparison
Returns By Period
In the year-to-date period, AFTEX achieves a 2.56% return, which is significantly lower than MMIBX's 3.19% return. Over the past 10 years, AFTEX has outperformed MMIBX with an annualized return of 2.31%, while MMIBX has yielded a comparatively lower 1.83% annualized return.
AFTEX
2.56%
0.02%
3.19%
6.96%
1.17%
2.31%
MMIBX
3.19%
-0.11%
3.51%
8.26%
0.49%
1.83%
Key characteristics
| AFTEX | MMIBX | |
|---|---|---|
| Sharpe Ratio | 2.20 | 2.15 |
| Sortino Ratio | 3.30 | 3.21 |
| Omega Ratio | 1.51 | 1.49 |
| Calmar Ratio | 0.89 | 0.72 |
| Martin Ratio | 9.03 | 9.37 |
| Ulcer Index | 0.79% | 0.90% |
| Daily Std Dev | 3.25% | 3.90% |
| Max Drawdown | -14.38% | -16.77% |
| Current Drawdown | -1.59% | -4.32% |
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AFTEX vs. MMIBX - Expense Ratio Comparison
AFTEX has a 0.50% expense ratio, which is lower than MMIBX's 1.45% expense ratio.
Correlation
The correlation between AFTEX and MMIBX is 0.79, 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.
Risk-Adjusted Performance
AFTEX vs. MMIBX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds Tax Exempt Bond Fund (AFTEX) and MFS Municipal Income Fund (MMIBX). 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. MMIBX - Dividend Comparison
AFTEX's dividend yield for the trailing twelve months is around 2.86%, more than MMIBX's 2.71% 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% |
MMIBX MFS Municipal Income Fund | 2.71% | 2.47% | 1.92% | 1.45% | 1.86% | 2.29% | 2.69% | 2.69% | 2.88% | 2.75% | 2.70% | 3.06% |
Drawdowns
AFTEX vs. MMIBX - Drawdown Comparison
The maximum AFTEX drawdown since its inception was -14.38%, smaller than the maximum MMIBX drawdown of -16.77%. Use the drawdown chart below to compare losses from any high point for AFTEX and MMIBX. For additional features, visit the drawdowns tool.
Volatility
AFTEX vs. MMIBX - Volatility Comparison
The current volatility for American Funds Tax Exempt Bond Fund (AFTEX) is 1.58%, while MFS Municipal Income Fund (MMIBX) has a volatility of 1.89%. This indicates that AFTEX experiences smaller price fluctuations and is considered to be less risky than MMIBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.