ASTEX vs. LTEBX
Compare and contrast key facts about American Funds Short-Term Tax Exempt Bond Fund (ASTEX) and American Funds Limited Term Tax-Exempt Bond Fund (LTEBX).
ASTEX is managed by American Funds. It was launched on Aug 6, 2009. LTEBX is managed by American Funds. It was launched on Oct 5, 1993.
Performance
ASTEX vs. LTEBX - Performance Comparison
Loading graphics...
ASTEX vs. LTEBX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ASTEX American Funds Short-Term Tax Exempt Bond Fund | 0.12% | 5.34% | 2.46% | 2.91% | -3.25% | -0.29% | 2.91% | 3.26% | 0.94% | 1.63% |
LTEBX American Funds Limited Term Tax-Exempt Bond Fund | -0.24% | 6.02% | 1.97% | 3.82% | -5.12% | -0.01% | 4.01% | 4.67% | 1.08% | 2.95% |
Returns By Period
In the year-to-date period, ASTEX achieves a 0.12% return, which is significantly higher than LTEBX's -0.24% return. Over the past 10 years, ASTEX has underperformed LTEBX with an annualized return of 1.51%, while LTEBX has yielded a comparatively higher 1.73% annualized return.
ASTEX
- 1D
- 0.10%
- 1M
- -1.08%
- YTD
- 0.12%
- 6M
- 0.75%
- 1Y
- 3.52%
- 3Y*
- 3.20%
- 5Y*
- 1.44%
- 10Y*
- 1.51%
LTEBX
- 1D
- 0.19%
- 1M
- -1.83%
- YTD
- -0.24%
- 6M
- 0.63%
- 1Y
- 4.04%
- 3Y*
- 3.28%
- 5Y*
- 1.27%
- 10Y*
- 1.73%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
ASTEX vs. LTEBX - Expense Ratio Comparison
ASTEX has a 0.53% expense ratio, which is lower than LTEBX's 0.57% expense ratio.
Return for Risk
ASTEX vs. LTEBX — Risk / Return Rank
ASTEX
LTEBX
ASTEX vs. LTEBX - 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 Limited Term Tax-Exempt Bond Fund (LTEBX). 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 | LTEBX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.84 | 1.50 | +0.33 |
Sortino ratioReturn per unit of downside risk | 2.66 | 2.00 | +0.67 |
Omega ratioGain probability vs. loss probability | 1.60 | 1.43 | +0.17 |
Calmar ratioReturn relative to maximum drawdown | 2.27 | 1.71 | +0.56 |
Martin ratioReturn relative to average drawdown | 9.69 | 6.81 | +2.88 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| ASTEX | LTEBX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.84 | 1.50 | +0.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.83 | 0.56 | +0.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.93 | 0.75 | +0.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.08 | 1.47 | -0.39 |
Correlation
The correlation between ASTEX and LTEBX is 0.70, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
ASTEX vs. LTEBX - Dividend Comparison
ASTEX's dividend yield for the trailing twelve months is around 2.75%, more than LTEBX's 2.59% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASTEX American Funds Short-Term Tax Exempt Bond Fund | 2.75% | 3.66% | 2.53% | 1.73% | 0.78% | 0.68% | 1.31% | 1.62% | 1.44% | 1.32% | 0.97% | 1.03% |
LTEBX American Funds Limited Term Tax-Exempt Bond Fund | 2.59% | 3.39% | 2.34% | 1.74% | 0.87% | 1.24% | 1.92% | 2.19% | 2.04% | 2.21% | 1.92% | 2.34% |
Drawdowns
ASTEX vs. LTEBX - Drawdown Comparison
The maximum ASTEX drawdown since its inception was -5.73%, smaller than the maximum LTEBX drawdown of -8.33%. Use the drawdown chart below to compare losses from any high point for ASTEX and LTEBX.
Loading graphics...
Drawdown Indicators
| ASTEX | LTEBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.73% | -8.33% | +2.60% |
Max Drawdown (1Y)Largest decline over 1 year | -1.90% | -2.91% | +1.01% |
Max Drawdown (5Y)Largest decline over 5 years | -5.62% | -8.33% | +2.71% |
Max Drawdown (10Y)Largest decline over 10 years | -5.73% | -8.33% | +2.60% |
Current DrawdownCurrent decline from peak | -1.18% | -2.08% | +0.90% |
Average DrawdownAverage peak-to-trough decline | -0.70% | -1.05% | +0.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.44% | 0.73% | -0.29% |
Volatility
ASTEX vs. LTEBX - Volatility Comparison
The current volatility for American Funds Short-Term Tax Exempt Bond Fund (ASTEX) is 0.51%, while American Funds Limited Term Tax-Exempt Bond Fund (LTEBX) has a volatility of 0.82%. This indicates that ASTEX experiences smaller price fluctuations and is considered to be less risky than LTEBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| ASTEX | LTEBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.51% | 0.82% | -0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 0.98% | 1.24% | -0.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.11% | 2.94% | -0.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.75% | 2.28% | -0.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.63% | 2.33% | -0.70% |