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.
Performance
ASTEX vs. AAATX - Performance Comparison
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ASTEX vs. AAATX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ASTEX American Funds Short-Term Tax Exempt Bond Fund | 0.02% | 5.34% | 2.46% | 2.91% | -3.25% | -0.29% | 2.91% | 3.26% | 0.94% | 1.63% |
AAATX American Funds 2010 Target Date Retirement Fund | -0.82% | 12.73% | 7.83% | 8.44% | -9.50% | 9.02% | 8.84% | 13.51% | -2.85% | 9.97% |
Returns By Period
In the year-to-date period, ASTEX achieves a 0.02% return, which is significantly higher than AAATX's -0.82% return. Over the past 10 years, ASTEX has underperformed AAATX with an annualized return of 1.50%, while AAATX has yielded a comparatively higher 5.90% annualized return.
ASTEX
- 1D
- 0.00%
- 1M
- -1.28%
- YTD
- 0.02%
- 6M
- 0.65%
- 1Y
- 3.62%
- 3Y*
- 3.16%
- 5Y*
- 1.42%
- 10Y*
- 1.50%
AAATX
- 1D
- 0.25%
- 1M
- -4.18%
- YTD
- -0.82%
- 6M
- 1.09%
- 1Y
- 8.90%
- 3Y*
- 8.45%
- 5Y*
- 4.80%
- 10Y*
- 5.90%
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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.
Return for Risk
ASTEX vs. AAATX — Risk / Return Rank
ASTEX
AAATX
ASTEX vs. AAATX - Risk-Adjusted Trends 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.
| ASTEX | AAATX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.00 | 1.53 | +0.47 |
Sortino ratioReturn per unit of downside risk | 3.00 | 2.09 | +0.91 |
Omega ratioGain probability vs. loss probability | 1.68 | 1.32 | +0.36 |
Calmar ratioReturn relative to maximum drawdown | 2.27 | 1.99 | +0.28 |
Martin ratioReturn relative to average drawdown | 9.83 | 8.10 | +1.72 |
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
| ASTEX | AAATX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.00 | 1.53 | +0.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.82 | 0.74 | +0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.92 | 0.89 | +0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.07 | 0.54 | +0.54 |
Correlation
The correlation between ASTEX and AAATX is 0.08, 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
ASTEX vs. AAATX - Dividend Comparison
ASTEX's dividend yield for the trailing twelve months is around 2.76%, less than AAATX's 6.90% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASTEX American Funds Short-Term Tax Exempt Bond Fund | 2.76% | 3.66% | 2.53% | 1.73% | 0.78% | 0.68% | 1.31% | 1.62% | 1.44% | 1.32% | 0.97% | 1.03% |
AAATX American Funds 2010 Target Date Retirement Fund | 6.90% | 6.84% | 5.16% | 3.53% | 3.41% | 3.78% | 3.72% | 3.48% | 3.79% | 2.51% | 2.67% | 4.60% |
Drawdowns
ASTEX vs. AAATX - Drawdown Comparison
The maximum ASTEX drawdown since its inception was -5.73%, smaller than the maximum AAATX drawdown of -40.44%. Use the drawdown chart below to compare losses from any high point for ASTEX and AAATX.
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Drawdown Indicators
| ASTEX | AAATX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.73% | -40.44% | +34.71% |
Max Drawdown (1Y)Largest decline over 1 year | -1.90% | -4.52% | +2.62% |
Max Drawdown (5Y)Largest decline over 5 years | -5.62% | -14.99% | +9.37% |
Max Drawdown (10Y)Largest decline over 10 years | -5.73% | -15.13% | +9.40% |
Current DrawdownCurrent decline from peak | -1.28% | -4.18% | +2.90% |
Average DrawdownAverage peak-to-trough decline | -0.70% | -4.38% | +3.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.44% | 1.11% | -0.67% |
Volatility
ASTEX vs. AAATX - Volatility Comparison
The current volatility for American Funds Short-Term Tax Exempt Bond Fund (ASTEX) is 0.49%, while American Funds 2010 Target Date Retirement Fund (AAATX) has a volatility of 2.12%. 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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Volatility by Period
| ASTEX | AAATX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.49% | 2.12% | -1.63% |
Volatility (6M)Calculated over the trailing 6-month period | 0.98% | 3.53% | -2.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.11% | 6.10% | -3.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.75% | 6.50% | -4.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.63% | 6.66% | -5.03% |