Correlation
The correlation between AFTEX and SGOV is 0.00, 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.
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
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Key characteristics
AFTEX:
0.44
SGOV:
21.63
AFTEX:
0.51
SGOV:
474.39
AFTEX:
1.09
SGOV:
475.39
AFTEX:
0.37
SGOV:
485.71
AFTEX:
1.18
SGOV:
7,710.35
AFTEX:
1.56%
SGOV:
0.00%
AFTEX:
5.01%
SGOV:
0.22%
AFTEX:
-14.37%
SGOV:
-0.03%
AFTEX:
-2.95%
SGOV:
0.00%
Returns By Period
In the year-to-date period, AFTEX achieves a -1.45% return, which is significantly lower than SGOV's 1.75% return.
AFTEX
-1.45%
-0.58%
-2.64%
2.17%
1.71%
0.83%
2.08%
SGOV
1.75%
0.35%
2.15%
4.82%
4.55%
2.74%
N/A
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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.
Risk-Adjusted Performance
AFTEX vs. SGOV — Risk-Adjusted Performance Rank
AFTEX
SGOV
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.
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Dividends
AFTEX vs. SGOV - Dividend Comparison
AFTEX's dividend yield for the trailing twelve months is around 3.04%, less than SGOV's 4.69% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AFTEX American Funds Tax Exempt Bond Fund | 3.04% | 2.91% | 2.69% | 2.33% | 2.46% | 2.42% | 2.63% | 2.88% | 3.05% | 3.17% | 3.21% | 3.38% |
SGOV iShares 0-3 Month Treasury Bond ETF | 4.69% | 5.10% | 4.87% | 1.45% | 0.03% | 0.05% | 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 -14.37%, 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.
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Volatility
AFTEX vs. SGOV - Volatility Comparison
American Funds Tax Exempt Bond Fund (AFTEX) has a higher volatility of 0.66% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.06%. 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.
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