ASBAX vs. TEPAX
Compare and contrast key facts about American Funds Short-Term Bond Fund of America (ASBAX) and American Funds Tax-Exempt Preservation Portfolio (TEPAX).
ASBAX is managed by American Funds. It was launched on Oct 2, 2006. TEPAX is managed by American Funds. It was launched on May 17, 2012.
Performance
ASBAX vs. TEPAX - Performance Comparison
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ASBAX vs. TEPAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ASBAX American Funds Short-Term Bond Fund of America | -0.26% | 5.05% | 4.31% | 3.60% | -4.16% | -0.88% | 3.53% | 2.81% | 1.10% | 0.91% |
TEPAX American Funds Tax-Exempt Preservation Portfolio | -0.13% | 4.36% | 2.14% | 3.63% | -4.36% | -0.03% | 3.52% | 4.14% | 0.90% | 2.43% |
Returns By Period
In the year-to-date period, ASBAX achieves a -0.26% return, which is significantly lower than TEPAX's -0.13% return. Both investments have delivered pretty close results over the past 10 years, with ASBAX having a 1.57% annualized return and TEPAX not far behind at 1.50%.
ASBAX
- 1D
- 0.10%
- 1M
- -0.93%
- YTD
- -0.26%
- 6M
- 0.79%
- 1Y
- 3.11%
- 3Y*
- 3.72%
- 5Y*
- 1.51%
- 10Y*
- 1.57%
TEPAX
- 1D
- 0.10%
- 1M
- -1.72%
- YTD
- -0.13%
- 6M
- 0.56%
- 1Y
- 3.61%
- 3Y*
- 2.84%
- 5Y*
- 1.12%
- 10Y*
- 1.50%
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ASBAX vs. TEPAX - Expense Ratio Comparison
ASBAX has a 0.66% expense ratio, which is higher than TEPAX's 0.34% expense ratio.
Return for Risk
ASBAX vs. TEPAX — Risk / Return Rank
ASBAX
TEPAX
ASBAX vs. TEPAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds Short-Term Bond Fund of America (ASBAX) and American Funds Tax-Exempt Preservation Portfolio (TEPAX). 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.
| ASBAX | TEPAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.81 | 1.75 | +0.06 |
Sortino ratioReturn per unit of downside risk | 3.19 | 2.31 | +0.88 |
Omega ratioGain probability vs. loss probability | 1.44 | 1.52 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 2.95 | 1.90 | +1.05 |
Martin ratioReturn relative to average drawdown | 11.57 | 7.61 | +3.96 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ASBAX | TEPAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.81 | 1.75 | +0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 0.58 | +0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.87 | 0.73 | +0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.96 | 0.83 | +0.13 |
Correlation
The correlation between ASBAX and TEPAX is 0.32, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
ASBAX vs. TEPAX - Dividend Comparison
ASBAX's dividend yield for the trailing twelve months is around 3.50%, more than TEPAX's 2.41% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASBAX American Funds Short-Term Bond Fund of America | 3.50% | 3.87% | 3.99% | 2.88% | 1.02% | 0.42% | 2.08% | 1.66% | 1.70% | 1.21% | 0.83% | 1.21% |
TEPAX American Funds Tax-Exempt Preservation Portfolio | 2.41% | 2.39% | 2.44% | 1.96% | 1.11% | 0.87% | 1.44% | 1.79% | 1.72% | 1.79% | 2.22% | 2.36% |
Drawdowns
ASBAX vs. TEPAX - Drawdown Comparison
The maximum ASBAX drawdown since its inception was -6.29%, smaller than the maximum TEPAX drawdown of -7.13%. Use the drawdown chart below to compare losses from any high point for ASBAX and TEPAX.
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Drawdown Indicators
| ASBAX | TEPAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.29% | -7.13% | +0.84% |
Max Drawdown (1Y)Largest decline over 1 year | -1.24% | -2.07% | +0.83% |
Max Drawdown (5Y)Largest decline over 5 years | -6.23% | -7.12% | +0.89% |
Max Drawdown (10Y)Largest decline over 10 years | -6.29% | -7.13% | +0.84% |
Current DrawdownCurrent decline from peak | -0.93% | -1.72% | +0.79% |
Average DrawdownAverage peak-to-trough decline | -0.68% | -1.25% | +0.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.32% | 0.52% | -0.20% |
Volatility
ASBAX vs. TEPAX - Volatility Comparison
American Funds Short-Term Bond Fund of America (ASBAX) and American Funds Tax-Exempt Preservation Portfolio (TEPAX) have volatilities of 0.60% and 0.61%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ASBAX | TEPAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.60% | 0.61% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 1.22% | 0.98% | +0.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.93% | 2.14% | -0.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.20% | 1.93% | +0.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.81% | 2.06% | -0.25% |