ASTEX vs. INPAX
Compare and contrast key facts about American Funds Short-Term Tax Exempt Bond Fund (ASTEX) and American Funds Conservative Growth and Income Portfolio (INPAX).
ASTEX is managed by American Funds. It was launched on Aug 6, 2009. INPAX is managed by American Funds. It was launched on May 17, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ASTEX or INPAX.
Performance
ASTEX vs. INPAX - Performance Comparison
Returns By Period
In the year-to-date period, ASTEX achieves a 2.43% return, which is significantly lower than INPAX's 10.29% return. Over the past 10 years, ASTEX has underperformed INPAX with an annualized return of 1.07%, while INPAX has yielded a comparatively higher 5.83% annualized return.
ASTEX
2.43%
0.02%
2.76%
4.40%
1.02%
1.07%
INPAX
10.29%
-0.51%
6.84%
16.07%
6.21%
5.83%
Key characteristics
| ASTEX | INPAX | |
|---|---|---|
| Sharpe Ratio | 2.65 | 2.81 |
| Sortino Ratio | 4.49 | 4.02 |
| Omega Ratio | 1.78 | 1.54 |
| Calmar Ratio | 1.82 | 3.17 |
| Martin Ratio | 13.28 | 17.96 |
| Ulcer Index | 0.34% | 0.91% |
| Daily Std Dev | 1.70% | 5.79% |
| Max Drawdown | -5.66% | -21.25% |
| Current Drawdown | -0.58% | -1.09% |
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ASTEX vs. INPAX - Expense Ratio Comparison
ASTEX has a 0.53% expense ratio, which is higher than INPAX's 0.33% expense ratio.
Correlation
The correlation between ASTEX and INPAX 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. INPAX - 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 Conservative Growth and Income Portfolio (INPAX). 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. INPAX - Dividend Comparison
ASTEX's dividend yield for the trailing twelve months is around 2.47%, less than INPAX's 3.81% 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% |
INPAX American Funds Conservative Growth and Income Portfolio | 3.81% | 3.91% | 3.41% | 2.64% | 3.52% | 3.28% | 3.36% | 2.84% | 3.17% | 3.44% | 4.68% | 3.78% |
Drawdowns
ASTEX vs. INPAX - Drawdown Comparison
The maximum ASTEX drawdown since its inception was -5.66%, smaller than the maximum INPAX drawdown of -21.25%. Use the drawdown chart below to compare losses from any high point for ASTEX and INPAX. For additional features, visit the drawdowns tool.
Volatility
ASTEX vs. INPAX - Volatility Comparison
The current volatility for American Funds Short-Term Tax Exempt Bond Fund (ASTEX) is 0.62%, while American Funds Conservative Growth and Income Portfolio (INPAX) has a volatility of 1.51%. This indicates that ASTEX experiences smaller price fluctuations and is considered to be less risky than INPAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.