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.
Key characteristics
| ASBAX | FTBFX | |
|---|---|---|
| YTD Return | 3.40% | 3.24% |
| 1Y Return | 5.48% | 9.71% |
| 3Y Return (Ann) | 1.03% | -1.27% |
| 5Y Return (Ann) | 1.05% | 0.57% |
| 10Y Return (Ann) | 1.09% | 2.01% |
| Sharpe Ratio | 2.47 | 1.53 |
| Sortino Ratio | 4.22 | 2.29 |
| Omega Ratio | 1.60 | 1.28 |
| Calmar Ratio | 1.47 | 0.66 |
| Martin Ratio | 15.91 | 6.07 |
| Ulcer Index | 0.35% | 1.40% |
| Daily Std Dev | 2.26% | 5.69% |
| Max Drawdown | -6.83% | -18.19% |
| Current Drawdown | -0.90% | -5.47% |
Correlation
The correlation between ASBAX and FTBFX is 0.65, 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. FTBFX - Performance Comparison
The year-to-date returns for both stocks are quite close, with ASBAX having a 3.40% return and FTBFX slightly lower at 3.24%. Over the past 10 years, ASBAX has underperformed FTBFX with an annualized return of 1.09%, while FTBFX has yielded a comparatively higher 2.01% 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. 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 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.
Dividends
ASBAX vs. FTBFX - Dividend Comparison
ASBAX's dividend yield for the trailing twelve months is around 3.94%, less than FTBFX's 4.62% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASBAX American Funds Short-Term Bond Fund of America | 3.94% | 3.20% | 1.37% | 0.42% | 1.11% | 1.76% | 1.70% | 1.13% | 0.89% | 0.86% | 0.39% | 0.61% |
FTBFX Fidelity Total Bond Fund | 4.62% | 4.15% | 3.34% | 2.19% | 2.53% | 2.95% | 3.19% | 2.74% | 2.95% | 3.71% | 2.99% | 3.91% |
Drawdowns
ASBAX vs. FTBFX - Drawdown Comparison
The maximum ASBAX drawdown since its inception was -6.83%, smaller than the maximum FTBFX drawdown of -18.19%. Use the drawdown chart below to compare losses from any high point for ASBAX and FTBFX. For additional features, visit the drawdowns tool.
Volatility
ASBAX vs. FTBFX - Volatility Comparison
The current volatility for American Funds Short-Term Bond Fund of America (ASBAX) is 0.53%, while Fidelity Total Bond Fund (FTBFX) has a volatility of 1.63%. 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.