ASTEX vs. AMECX
Compare and contrast key facts about American Funds Short-Term Tax Exempt Bond Fund (ASTEX) and American Funds The Income Fund of America Class A (AMECX).
ASTEX is managed by American Funds. It was launched on Aug 6, 2009. AMECX is managed by American Funds. It was launched on Dec 1, 1973.
Performance
ASTEX vs. AMECX - Performance Comparison
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ASTEX vs. AMECX - 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% |
AMECX American Funds The Income Fund of America Class A | 1.48% | 17.77% | 10.84% | 6.79% | -6.40% | 17.37% | 4.49% | 18.50% | -5.27% | 12.58% |
Returns By Period
In the year-to-date period, ASTEX achieves a 0.02% return, which is significantly lower than AMECX's 1.48% return. Over the past 10 years, ASTEX has underperformed AMECX with an annualized return of 1.50%, while AMECX has yielded a comparatively higher 8.21% 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%
AMECX
- 1D
- 0.23%
- 1M
- -5.74%
- YTD
- 1.48%
- 6M
- 4.22%
- 1Y
- 14.19%
- 3Y*
- 11.95%
- 5Y*
- 7.95%
- 10Y*
- 8.21%
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ASTEX vs. AMECX - Expense Ratio Comparison
ASTEX has a 0.53% expense ratio, which is lower than AMECX's 0.56% expense ratio.
Return for Risk
ASTEX vs. AMECX — Risk / Return Rank
ASTEX
AMECX
ASTEX vs. AMECX - 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 The Income Fund of America Class A (AMECX). 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 | AMECX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.00 | 1.55 | +0.45 |
Sortino ratioReturn per unit of downside risk | 3.00 | 2.13 | +0.87 |
Omega ratioGain probability vs. loss probability | 1.68 | 1.32 | +0.36 |
Calmar ratioReturn relative to maximum drawdown | 2.27 | 1.71 | +0.56 |
Martin ratioReturn relative to average drawdown | 9.83 | 8.01 | +1.81 |
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 | AMECX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.00 | 1.55 | +0.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.82 | 0.85 | -0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.92 | 0.77 | +0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.07 | 0.72 | +0.36 |
Correlation
The correlation between ASTEX and AMECX is 0.01, 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. AMECX - Dividend Comparison
ASTEX's dividend yield for the trailing twelve months is around 2.76%, less than AMECX's 9.86% 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% |
AMECX American Funds The Income Fund of America Class A | 9.86% | 9.94% | 6.38% | 2.93% | 6.98% | 6.67% | 2.80% | 5.01% | 7.48% | 4.26% | 3.09% | 5.09% |
Drawdowns
ASTEX vs. AMECX - Drawdown Comparison
The maximum ASTEX drawdown since its inception was -5.73%, smaller than the maximum AMECX drawdown of -41.92%. Use the drawdown chart below to compare losses from any high point for ASTEX and AMECX.
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Drawdown Indicators
| ASTEX | AMECX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.73% | -41.92% | +36.19% |
Max Drawdown (1Y)Largest decline over 1 year | -1.90% | -8.19% | +6.29% |
Max Drawdown (5Y)Largest decline over 5 years | -5.62% | -15.78% | +10.16% |
Max Drawdown (10Y)Largest decline over 10 years | -5.73% | -26.13% | +20.40% |
Current DrawdownCurrent decline from peak | -1.28% | -5.74% | +4.46% |
Average DrawdownAverage peak-to-trough decline | -0.70% | -4.46% | +3.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.44% | 1.74% | -1.30% |
Volatility
ASTEX vs. AMECX - Volatility Comparison
The current volatility for American Funds Short-Term Tax Exempt Bond Fund (ASTEX) is 0.49%, while American Funds The Income Fund of America Class A (AMECX) has a volatility of 2.94%. This indicates that ASTEX experiences smaller price fluctuations and is considered to be less risky than AMECX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ASTEX | AMECX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.49% | 2.94% | -2.45% |
Volatility (6M)Calculated over the trailing 6-month period | 0.98% | 5.49% | -4.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.11% | 9.48% | -7.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.75% | 9.44% | -7.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.63% | 10.66% | -9.03% |