ASBAX vs. BND
Compare and contrast key facts about American Funds Short-Term Bond Fund of America (ASBAX) and Vanguard Total Bond Market ETF (BND).
ASBAX is managed by American Funds. It was launched on Oct 2, 2006. BND is a passively managed fund by Vanguard that tracks the performance of the Barclays Capital U.S. Aggregate Bond Index. It was launched on Apr 3, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ASBAX or BND.
Key characteristics
| ASBAX | BND | |
|---|---|---|
| YTD Return | 3.62% | 1.45% |
| 1Y Return | 5.47% | 7.43% |
| 3Y Return (Ann) | 1.04% | -2.66% |
| 5Y Return (Ann) | 1.11% | -0.18% |
| 10Y Return (Ann) | 1.10% | 1.39% |
| Sharpe Ratio | 2.42 | 1.37 |
| Sortino Ratio | 4.13 | 2.00 |
| Omega Ratio | 1.59 | 1.24 |
| Calmar Ratio | 1.40 | 0.50 |
| Martin Ratio | 16.13 | 4.97 |
| Ulcer Index | 0.34% | 1.61% |
| Daily Std Dev | 2.26% | 5.83% |
| Max Drawdown | -6.83% | -18.84% |
| Current Drawdown | -0.70% | -9.29% |
Correlation
The correlation between ASBAX and BND is 0.59, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
ASBAX vs. BND - Performance Comparison
In the year-to-date period, ASBAX achieves a 3.62% return, which is significantly higher than BND's 1.45% return. Over the past 10 years, ASBAX has underperformed BND with an annualized return of 1.10%, while BND has yielded a comparatively higher 1.39% 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. BND - Expense Ratio Comparison
ASBAX has a 0.66% expense ratio, which is higher than BND's 0.03% expense ratio.
Risk-Adjusted Performance
ASBAX vs. BND - 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 Vanguard Total Bond Market ETF (BND). 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. BND - Dividend Comparison
ASBAX's dividend yield for the trailing twelve months is around 3.93%, more than BND's 3.58% 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% |
BND Vanguard Total Bond Market ETF | 3.58% | 3.09% | 2.60% | 1.97% | 2.22% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% | 2.79% | 2.78% |
Drawdowns
ASBAX vs. BND - Drawdown Comparison
The maximum ASBAX drawdown since its inception was -6.83%, smaller than the maximum BND drawdown of -18.84%. Use the drawdown chart below to compare losses from any high point for ASBAX and BND. For additional features, visit the drawdowns tool.
Volatility
ASBAX vs. BND - Volatility Comparison
The current volatility for American Funds Short-Term Bond Fund of America (ASBAX) is 0.54%, while Vanguard Total Bond Market ETF (BND) has a volatility of 1.45%. This indicates that ASBAX experiences smaller price fluctuations and is considered to be less risky than BND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.