AFTEX vs. VOO
Compare and contrast key facts about American Funds Tax Exempt Bond Fund (AFTEX) and Vanguard S&P 500 ETF (VOO).
AFTEX is managed by American Funds. It was launched on Oct 2, 1979. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AFTEX or VOO.
Performance
AFTEX vs. VOO - Performance Comparison
Returns By Period
In the year-to-date period, AFTEX achieves a 2.48% return, which is significantly lower than VOO's 26.16% return. Over the past 10 years, AFTEX has underperformed VOO with an annualized return of 2.31%, while VOO has yielded a comparatively higher 13.18% annualized return.
AFTEX
2.48%
0.26%
3.36%
6.69%
1.16%
2.31%
VOO
26.16%
1.77%
13.62%
32.33%
15.68%
13.18%
Key characteristics
| AFTEX | VOO | |
|---|---|---|
| Sharpe Ratio | 2.12 | 2.70 |
| Sortino Ratio | 3.18 | 3.60 |
| Omega Ratio | 1.49 | 1.50 |
| Calmar Ratio | 0.88 | 3.90 |
| Martin Ratio | 8.66 | 17.65 |
| Ulcer Index | 0.79% | 1.86% |
| Daily Std Dev | 3.25% | 12.19% |
| Max Drawdown | -14.38% | -33.99% |
| Current Drawdown | -1.67% | -0.86% |
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AFTEX vs. VOO - Expense Ratio Comparison
AFTEX has a 0.50% expense ratio, which is higher than VOO's 0.03% expense ratio.
Correlation
The correlation between AFTEX and VOO is -0.09. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Risk-Adjusted Performance
AFTEX vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds Tax Exempt Bond Fund (AFTEX) and Vanguard S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
AFTEX's dividend yield for the trailing twelve months is around 2.86%, more than VOO's 1.24% 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% |
VOO Vanguard S&P 500 ETF | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
AFTEX vs. VOO - Drawdown Comparison
The maximum AFTEX drawdown since its inception was -14.38%, smaller than the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for AFTEX and VOO. For additional features, visit the drawdowns tool.
Volatility
AFTEX vs. VOO - Volatility Comparison
The current volatility for American Funds Tax Exempt Bond Fund (AFTEX) is 1.38%, while Vanguard S&P 500 ETF (VOO) has a volatility of 3.99%. This indicates that AFTEX experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.