ASTEX vs. ANCFX
Compare and contrast key facts about American Funds Short-Term Tax Exempt Bond Fund (ASTEX) and American Funds Fundamental Investors Class A (ANCFX).
ASTEX is managed by American Funds. It was launched on Aug 6, 2009. ANCFX is managed by American Funds. It was launched on Jan 8, 1978.
Performance
ASTEX vs. ANCFX - Performance Comparison
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ASTEX vs. ANCFX - 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% |
ANCFX American Funds Fundamental Investors Class A | -6.13% | 24.21% | 22.73% | 25.86% | -16.66% | 22.43% | 14.92% | 27.07% | -8.13% | 22.80% |
Returns By Period
In the year-to-date period, ASTEX achieves a 0.02% return, which is significantly higher than ANCFX's -6.13% return. Over the past 10 years, ASTEX has underperformed ANCFX with an annualized return of 1.50%, while ANCFX has yielded a comparatively higher 12.92% 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%
ANCFX
- 1D
- -0.62%
- 1M
- -9.88%
- YTD
- -6.13%
- 6M
- -2.09%
- 1Y
- 20.46%
- 3Y*
- 19.35%
- 5Y*
- 11.57%
- 10Y*
- 12.92%
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ASTEX vs. ANCFX - Expense Ratio Comparison
ASTEX has a 0.53% expense ratio, which is lower than ANCFX's 0.59% expense ratio.
Return for Risk
ASTEX vs. ANCFX — Risk / Return Rank
ASTEX
ANCFX
ASTEX vs. ANCFX - 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 Fundamental Investors Class A (ANCFX). 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 | ANCFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.00 | 1.16 | +0.85 |
Sortino ratioReturn per unit of downside risk | 3.00 | 1.75 | +1.24 |
Omega ratioGain probability vs. loss probability | 1.68 | 1.25 | +0.43 |
Calmar ratioReturn relative to maximum drawdown | 2.27 | 1.61 | +0.66 |
Martin ratioReturn relative to average drawdown | 9.83 | 7.19 | +2.63 |
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 | ANCFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.00 | 1.16 | +0.85 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.82 | 0.70 | +0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.92 | 0.73 | +0.19 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.07 | 0.61 | +0.46 |
Correlation
The correlation between ASTEX and ANCFX is -0.03. 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.
Dividends
ASTEX vs. ANCFX - Dividend Comparison
ASTEX's dividend yield for the trailing twelve months is around 2.76%, less than ANCFX's 9.11% 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% |
ANCFX American Funds Fundamental Investors Class A | 9.11% | 8.54% | 8.90% | 5.80% | 4.98% | 10.97% | 2.61% | 6.91% | 9.31% | 7.28% | 4.71% | 6.08% |
Drawdowns
ASTEX vs. ANCFX - Drawdown Comparison
The maximum ASTEX drawdown since its inception was -5.73%, smaller than the maximum ANCFX drawdown of -53.29%. Use the drawdown chart below to compare losses from any high point for ASTEX and ANCFX.
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Drawdown Indicators
| ASTEX | ANCFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.73% | -53.29% | +47.56% |
Max Drawdown (1Y)Largest decline over 1 year | -1.90% | -11.35% | +9.45% |
Max Drawdown (5Y)Largest decline over 5 years | -5.62% | -25.07% | +19.45% |
Max Drawdown (10Y)Largest decline over 10 years | -5.73% | -33.93% | +28.20% |
Current DrawdownCurrent decline from peak | -1.28% | -10.66% | +9.38% |
Average DrawdownAverage peak-to-trough decline | -0.70% | -7.34% | +6.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.44% | 2.54% | -2.10% |
Volatility
ASTEX vs. ANCFX - Volatility Comparison
The current volatility for American Funds Short-Term Tax Exempt Bond Fund (ASTEX) is 0.49%, while American Funds Fundamental Investors Class A (ANCFX) has a volatility of 4.98%. This indicates that ASTEX experiences smaller price fluctuations and is considered to be less risky than ANCFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ASTEX | ANCFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.49% | 4.98% | -4.49% |
Volatility (6M)Calculated over the trailing 6-month period | 0.98% | 10.64% | -9.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.11% | 17.94% | -15.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.75% | 16.67% | -14.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.63% | 17.65% | -16.02% |