AFTEX vs. SGOV
Compare and contrast key facts about American Funds Tax Exempt Bond Fund (AFTEX) and iShares 0-3 Month Treasury Bond ETF (SGOV).
AFTEX is managed by American Funds. It was launched on Oct 2, 1979. SGOV is a passively managed fund by iShares that tracks the performance of the ICE 0-3 Month US Treasury Bill Index. It was launched on May 26, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AFTEX or SGOV.
Performance
AFTEX vs. SGOV - Performance Comparison
Returns By Period
In the year-to-date period, AFTEX achieves a 2.48% return, which is significantly lower than SGOV's 4.75% return.
AFTEX
2.48%
0.26%
3.36%
6.69%
1.16%
2.31%
SGOV
4.75%
0.38%
2.53%
5.31%
N/A
N/A
Key characteristics
| AFTEX | SGOV | |
|---|---|---|
| Sharpe Ratio | 2.12 | 21.74 |
| Sortino Ratio | 3.18 | 523.74 |
| Omega Ratio | 1.49 | 524.74 |
| Calmar Ratio | 0.88 | 537.55 |
| Martin Ratio | 8.66 | 8,533.31 |
| Ulcer Index | 0.79% | 0.00% |
| Daily Std Dev | 3.25% | 0.25% |
| Max Drawdown | -14.38% | -0.03% |
| Current Drawdown | -1.67% | 0.00% |
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AFTEX vs. SGOV - Expense Ratio Comparison
AFTEX has a 0.50% expense ratio, which is higher than SGOV's 0.03% expense ratio.
Correlation
The correlation between AFTEX and SGOV is 0.03, 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.
Risk-Adjusted Performance
AFTEX vs. SGOV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds Tax Exempt Bond Fund (AFTEX) and iShares 0-3 Month Treasury Bond ETF (SGOV). 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. SGOV - Dividend Comparison
AFTEX's dividend yield for the trailing twelve months is around 2.86%, less than SGOV's 5.24% 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% |
SGOV iShares 0-3 Month Treasury Bond ETF | 5.24% | 4.87% | 1.45% | 0.03% | 0.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
AFTEX vs. SGOV - Drawdown Comparison
The maximum AFTEX drawdown since its inception was -14.38%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for AFTEX and SGOV. For additional features, visit the drawdowns tool.
Volatility
AFTEX vs. SGOV - Volatility Comparison
American Funds Tax Exempt Bond Fund (AFTEX) has a higher volatility of 1.38% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.08%. This indicates that AFTEX's price experiences larger fluctuations and is considered to be riskier than SGOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.