Correlation
The correlation between ASTEX and AAATX is -0.04. 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.
ASTEX vs. AAATX
Compare and contrast key facts about American Funds Short-Term Tax Exempt Bond Fund (ASTEX) and American Funds 2010 Target Date Retirement Fund (AAATX).
ASTEX is managed by American Funds. It was launched on Aug 6, 2009. AAATX is managed by American Funds. It was launched on Jan 31, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ASTEX or AAATX.
Performance
ASTEX vs. AAATX - Performance Comparison
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Key characteristics
ASTEX:
1.85
AAATX:
1.71
ASTEX:
2.45
AAATX:
2.21
ASTEX:
1.46
AAATX:
1.32
ASTEX:
2.08
AAATX:
2.06
ASTEX:
7.74
AAATX:
9.24
ASTEX:
0.51%
AAATX:
1.12%
ASTEX:
2.26%
AAATX:
6.37%
ASTEX:
-5.65%
AAATX:
-40.19%
ASTEX:
-0.38%
AAATX:
0.00%
Returns By Period
In the year-to-date period, ASTEX achieves a 1.11% return, which is significantly lower than AAATX's 4.66% return. Over the past 10 years, ASTEX has underperformed AAATX with an annualized return of 1.21%, while AAATX has yielded a comparatively higher 5.18% annualized return.
ASTEX
1.11%
0.30%
0.65%
4.17%
2.33%
0.83%
1.21%
AAATX
4.66%
1.76%
2.85%
10.79%
5.59%
5.88%
5.18%
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ASTEX vs. AAATX - Expense Ratio Comparison
ASTEX has a 0.53% expense ratio, which is higher than AAATX's 0.34% expense ratio.
Risk-Adjusted Performance
ASTEX vs. AAATX — Risk-Adjusted Performance Rank
ASTEX
AAATX
ASTEX vs. AAATX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds Short-Term Tax Exempt Bond Fund (ASTEX) and American Funds 2010 Target Date Retirement Fund (AAATX). 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
ASTEX vs. AAATX - Dividend Comparison
ASTEX's dividend yield for the trailing twelve months is around 2.66%, less than AAATX's 4.93% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASTEX American Funds Short-Term Tax Exempt Bond Fund | 2.66% | 2.55% | 2.10% | 1.07% | 0.49% | 1.31% | 1.50% | 1.44% | 1.23% | 1.07% | 1.03% | 1.05% |
AAATX American Funds 2010 Target Date Retirement Fund | 4.93% | 5.16% | 3.52% | 3.41% | 3.78% | 3.72% | 3.49% | 3.79% | 2.51% | 2.66% | 4.60% | 4.61% |
Drawdowns
ASTEX vs. AAATX - Drawdown Comparison
The maximum ASTEX drawdown since its inception was -5.65%, smaller than the maximum AAATX drawdown of -40.19%. Use the drawdown chart below to compare losses from any high point for ASTEX and AAATX.
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Volatility
ASTEX vs. AAATX - Volatility Comparison
The current volatility for American Funds Short-Term Tax Exempt Bond Fund (ASTEX) is 0.34%, while American Funds 2010 Target Date Retirement Fund (AAATX) has a volatility of 1.49%. This indicates that ASTEX experiences smaller price fluctuations and is considered to be less risky than AAATX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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