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ASTEX vs. AAATX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

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.


Performance

ASTEX vs. AAATX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Funds Short-Term Tax Exempt Bond Fund (ASTEX) and American Funds 2010 Target Date Retirement Fund (AAATX). The values are adjusted to include any dividend payments, if applicable.

50.00%100.00%150.00%December2025FebruaryMarchAprilMay
22.27%
170.62%
ASTEX
AAATX

Key characteristics

Sharpe Ratio

ASTEX:

1.42

AAATX:

0.96

Sortino Ratio

ASTEX:

2.04

AAATX:

1.38

Omega Ratio

ASTEX:

1.38

AAATX:

1.20

Calmar Ratio

ASTEX:

1.75

AAATX:

1.20

Martin Ratio

ASTEX:

6.61

AAATX:

4.09

Ulcer Index

ASTEX:

0.50%

AAATX:

1.65%

Daily Std Dev

ASTEX:

2.28%

AAATX:

6.65%

Max Drawdown

ASTEX:

-5.67%

AAATX:

-37.63%

Current Drawdown

ASTEX:

-0.58%

AAATX:

-1.16%

Returns By Period

In the year-to-date period, ASTEX achieves a 0.91% return, which is significantly lower than AAATX's 2.93% return. Over the past 10 years, ASTEX has underperformed AAATX with an annualized return of 1.21%, while AAATX has yielded a comparatively higher 3.41% annualized return.


ASTEX

YTD

0.91%

1M

1.35%

6M

0.96%

1Y

3.22%

5Y*

1.06%

10Y*

1.21%

AAATX

YTD

2.93%

1M

2.49%

6M

-0.60%

1Y

6.36%

5Y*

4.47%

10Y*

3.41%

*Annualized

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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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ASTEX
The Risk-Adjusted Performance Rank of ASTEX is 9090
Overall Rank
The Sharpe Ratio Rank of ASTEX is 8989
Sharpe Ratio Rank
The Sortino Ratio Rank of ASTEX is 8888
Sortino Ratio Rank
The Omega Ratio Rank of ASTEX is 9191
Omega Ratio Rank
The Calmar Ratio Rank of ASTEX is 9292
Calmar Ratio Rank
The Martin Ratio Rank of ASTEX is 9191
Martin Ratio Rank

AAATX
The Risk-Adjusted Performance Rank of AAATX is 8282
Overall Rank
The Sharpe Ratio Rank of AAATX is 8080
Sharpe Ratio Rank
The Sortino Ratio Rank of AAATX is 7979
Sortino Ratio Rank
The Omega Ratio Rank of AAATX is 8282
Omega Ratio Rank
The Calmar Ratio Rank of AAATX is 8888
Calmar Ratio Rank
The Martin Ratio Rank of AAATX is 8383
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


The current ASTEX Sharpe Ratio is 1.42, which is higher than the AAATX Sharpe Ratio of 0.96. The chart below compares the historical Sharpe Ratios of ASTEX and AAATX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.501.001.502.002.503.00December2025FebruaryMarchAprilMay
1.42
0.96
ASTEX
AAATX

Dividends

ASTEX vs. AAATX - Dividend Comparison

ASTEX's dividend yield for the trailing twelve months is around 2.67%, less than AAATX's 2.96% yield.


TTM20242023202220212020201920182017201620152014
ASTEX
American Funds Short-Term Tax Exempt Bond Fund
2.67%2.55%2.09%1.07%0.50%1.04%1.51%1.44%1.23%1.07%1.03%1.05%
AAATX
American Funds 2010 Target Date Retirement Fund
2.96%3.05%2.80%2.48%1.52%2.40%2.04%2.08%1.71%1.74%1.42%6.12%

Drawdowns

ASTEX vs. AAATX - Drawdown Comparison

The maximum ASTEX drawdown since its inception was -5.67%, 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.


-6.00%-5.00%-4.00%-3.00%-2.00%-1.00%0.00%December2025FebruaryMarchAprilMay
-0.58%
-1.16%
ASTEX
AAATX

Volatility

ASTEX vs. AAATX - Volatility Comparison

The current volatility for American Funds Short-Term Tax Exempt Bond Fund (ASTEX) is 0.96%, while American Funds 2010 Target Date Retirement Fund (AAATX) has a volatility of 2.06%. 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.


0.00%1.00%2.00%3.00%4.00%December2025FebruaryMarchAprilMay
0.96%
2.06%
ASTEX
AAATX