Correlation
The correlation between ASBAX and FTBFX is -0.15. 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.
ASBAX vs. FTBFX
Compare and contrast key facts about American Funds Short-Term Bond Fund of America (ASBAX) and Fidelity Total Bond Fund (FTBFX).
ASBAX is managed by American Funds. It was launched on Oct 2, 2006. FTBFX is managed by Fidelity. It was launched on Oct 15, 2002.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ASBAX or FTBFX.
Performance
ASBAX vs. FTBFX - Performance Comparison
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Key characteristics
ASBAX:
2.74
FTBFX:
0.95
ASBAX:
4.69
FTBFX:
1.41
ASBAX:
1.66
FTBFX:
1.17
ASBAX:
3.63
FTBFX:
0.55
ASBAX:
15.57
FTBFX:
2.75
ASBAX:
0.36%
FTBFX:
1.82%
ASBAX:
2.13%
FTBFX:
5.27%
ASBAX:
-6.83%
FTBFX:
-17.61%
ASBAX:
-0.62%
FTBFX:
-3.88%
Returns By Period
In the year-to-date period, ASBAX achieves a 1.75% return, which is significantly higher than FTBFX's 1.32% return. Over the past 10 years, ASBAX has underperformed FTBFX with an annualized return of 1.31%, while FTBFX has yielded a comparatively higher 2.30% annualized return.
ASBAX
1.75%
0.01%
2.44%
5.78%
2.93%
0.99%
1.31%
FTBFX
1.32%
-0.80%
0.38%
5.02%
2.35%
0.54%
2.30%
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ASBAX vs. FTBFX - Expense Ratio Comparison
ASBAX has a 0.66% expense ratio, which is higher than FTBFX's 0.45% expense ratio.
Risk-Adjusted Performance
ASBAX vs. FTBFX — Risk-Adjusted Performance Rank
ASBAX
FTBFX
ASBAX vs. FTBFX - 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 Fidelity Total Bond Fund (FTBFX). 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
ASBAX vs. FTBFX - Dividend Comparison
ASBAX's dividend yield for the trailing twelve months is around 4.02%, less than FTBFX's 4.53% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASBAX American Funds Short-Term Bond Fund of America | 4.02% | 4.00% | 3.20% | 1.37% | 0.42% | 2.08% | 1.79% | 1.70% | 1.13% | 0.92% | 1.05% | 0.46% |
FTBFX Fidelity Total Bond Fund | 4.53% | 4.51% | 4.15% | 3.33% | 2.24% | 5.22% | 3.03% | 3.19% | 2.98% | 3.21% | 3.71% | 3.14% |
Drawdowns
ASBAX vs. FTBFX - Drawdown Comparison
The maximum ASBAX drawdown since its inception was -6.83%, smaller than the maximum FTBFX drawdown of -17.61%. Use the drawdown chart below to compare losses from any high point for ASBAX and FTBFX.
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Volatility
ASBAX vs. FTBFX - Volatility Comparison
The current volatility for American Funds Short-Term Bond Fund of America (ASBAX) is 0.66%, while Fidelity Total Bond Fund (FTBFX) has a volatility of 1.43%. This indicates that ASBAX experiences smaller price fluctuations and is considered to be less risky than FTBFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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