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
Returns By Period
In the year-to-date period, ASTEX achieves a 2.43% return, which is significantly lower than AAATX's 8.22% return. Over the past 10 years, ASTEX has underperformed AAATX with an annualized return of 1.07%, while AAATX has yielded a comparatively higher 5.04% annualized return.
ASTEX
2.43%
-0.08%
2.66%
4.51%
1.02%
1.07%
AAATX
8.22%
-0.81%
5.25%
13.26%
5.17%
5.04%
Key characteristics
| ASTEX | AAATX | |
|---|---|---|
| Sharpe Ratio | 2.65 | 2.54 |
| Sortino Ratio | 4.49 | 3.69 |
| Omega Ratio | 1.78 | 1.49 |
| Calmar Ratio | 1.75 | 2.13 |
| Martin Ratio | 13.35 | 15.82 |
| Ulcer Index | 0.34% | 0.84% |
| Daily Std Dev | 1.70% | 5.21% |
| Max Drawdown | -5.66% | -37.63% |
| Current Drawdown | -0.58% | -1.53% |
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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.
Correlation
The correlation between ASTEX and AAATX is 0.06, 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.
Risk-Adjusted Performance
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.
Dividends
ASTEX vs. AAATX - Dividend Comparison
ASTEX's dividend yield for the trailing twelve months is around 2.47%, less than AAATX's 2.59% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASTEX American Funds Short-Term Tax Exempt Bond Fund | 2.47% | 2.09% | 1.07% | 0.50% | 1.04% | 1.51% | 1.44% | 1.23% | 1.07% | 1.03% | 1.05% | 1.10% |
AAATX American Funds 2010 Target Date Retirement Fund | 2.59% | 2.80% | 2.48% | 1.52% | 2.40% | 2.04% | 2.08% | 1.71% | 1.74% | 1.42% | 6.12% | 7.48% |
Drawdowns
ASTEX vs. AAATX - Drawdown Comparison
The maximum ASTEX drawdown since its inception was -5.66%, smaller than the maximum AAATX drawdown of -37.63%. Use the drawdown chart below to compare losses from any high point for ASTEX and AAATX. For additional features, visit the drawdowns tool.
Volatility
ASTEX vs. AAATX - Volatility Comparison
The current volatility for American Funds Short-Term Tax Exempt Bond Fund (ASTEX) is 0.75%, while American Funds 2010 Target Date Retirement Fund (AAATX) has a volatility of 1.35%. 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.