ASBAX vs. AMUSX
Compare and contrast key facts about American Funds Short-Term Bond Fund of America (ASBAX) and American Funds U.S. Government Securities Fund (AMUSX).
ASBAX is managed by American Funds. It was launched on Oct 2, 2006. AMUSX is managed by American Funds. It was launched on Oct 16, 1985.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ASBAX or AMUSX.
Key characteristics
| ASBAX | AMUSX | |
|---|---|---|
| YTD Return | 3.72% | 1.13% |
| 1Y Return | 5.70% | 6.18% |
| 3Y Return (Ann) | 1.11% | -2.65% |
| 5Y Return (Ann) | 1.13% | -0.81% |
| 10Y Return (Ann) | 1.12% | 0.25% |
| Sharpe Ratio | 2.47 | 1.05 |
| Sortino Ratio | 4.21 | 1.56 |
| Omega Ratio | 1.60 | 1.19 |
| Calmar Ratio | 1.43 | 0.35 |
| Martin Ratio | 16.40 | 3.39 |
| Ulcer Index | 0.34% | 1.87% |
| Daily Std Dev | 2.26% | 6.06% |
| Max Drawdown | -6.83% | -20.15% |
| Current Drawdown | -0.59% | -12.20% |
Correlation
The correlation between ASBAX and AMUSX is 0.71, 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
ASBAX vs. AMUSX - Performance Comparison
In the year-to-date period, ASBAX achieves a 3.72% return, which is significantly higher than AMUSX's 1.13% return. Over the past 10 years, ASBAX has outperformed AMUSX with an annualized return of 1.12%, while AMUSX has yielded a comparatively lower 0.25% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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ASBAX vs. AMUSX - Expense Ratio Comparison
ASBAX has a 0.66% expense ratio, which is higher than AMUSX's 0.61% expense ratio.
Risk-Adjusted Performance
ASBAX vs. AMUSX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds Short-Term Bond Fund of America (ASBAX) and American Funds U.S. Government Securities Fund (AMUSX). 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
ASBAX vs. AMUSX - Dividend Comparison
ASBAX's dividend yield for the trailing twelve months is around 3.93%, less than AMUSX's 4.14% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASBAX American Funds Short-Term Bond Fund of America | 3.93% | 3.20% | 1.37% | 0.42% | 1.11% | 1.76% | 1.70% | 1.13% | 0.89% | 0.86% | 0.39% | 0.61% |
AMUSX American Funds U.S. Government Securities Fund | 4.14% | 3.44% | 2.60% | 1.06% | 1.01% | 1.85% | 1.72% | 1.22% | 1.13% | 1.31% | 1.01% | 1.79% |
Drawdowns
ASBAX vs. AMUSX - Drawdown Comparison
The maximum ASBAX drawdown since its inception was -6.83%, smaller than the maximum AMUSX drawdown of -20.15%. Use the drawdown chart below to compare losses from any high point for ASBAX and AMUSX. For additional features, visit the drawdowns tool.
Volatility
ASBAX vs. AMUSX - Volatility Comparison
The current volatility for American Funds Short-Term Bond Fund of America (ASBAX) is 0.53%, while American Funds U.S. Government Securities Fund (AMUSX) has a volatility of 1.44%. This indicates that ASBAX experiences smaller price fluctuations and is considered to be less risky than AMUSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.