ASTEX vs. TEPAX
Compare and contrast key facts about American Funds Short-Term Tax Exempt Bond Fund (ASTEX) and American Funds Tax-Exempt Preservation Portfolio (TEPAX).
ASTEX is managed by American Funds. It was launched on Aug 6, 2009. TEPAX 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 TEPAX.
Performance
ASTEX vs. TEPAX - Performance Comparison
Returns By Period
In the year-to-date period, ASTEX achieves a 2.43% return, which is significantly higher than TEPAX's 2.28% return. Over the past 10 years, ASTEX has underperformed TEPAX with an annualized return of 1.07%, while TEPAX has yielded a comparatively higher 1.32% annualized return.
ASTEX
2.43%
-0.08%
2.66%
4.51%
1.02%
1.07%
TEPAX
2.28%
-0.12%
2.56%
4.68%
0.95%
1.32%
Key characteristics
| ASTEX | TEPAX | |
|---|---|---|
| Sharpe Ratio | 2.65 | 2.45 |
| Sortino Ratio | 4.49 | 3.74 |
| Omega Ratio | 1.78 | 1.62 |
| Calmar Ratio | 1.75 | 1.26 |
| Martin Ratio | 13.35 | 11.43 |
| Ulcer Index | 0.34% | 0.41% |
| Daily Std Dev | 1.70% | 1.91% |
| Max Drawdown | -5.66% | -7.13% |
| Current Drawdown | -0.58% | -0.63% |
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ASTEX vs. TEPAX - Expense Ratio Comparison
ASTEX has a 0.53% expense ratio, which is higher than TEPAX's 0.34% expense ratio.
Correlation
The correlation between ASTEX and TEPAX is 0.60, 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.
Risk-Adjusted Performance
ASTEX vs. TEPAX - 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 Tax-Exempt Preservation Portfolio (TEPAX). 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. TEPAX - Dividend Comparison
ASTEX's dividend yield for the trailing twelve months is around 2.47%, more than TEPAX's 2.24% 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% |
TEPAX American Funds Tax-Exempt Preservation Portfolio | 2.24% | 1.96% | 1.11% | 0.87% | 1.44% | 1.79% | 1.73% | 1.79% | 2.23% | 2.36% | 2.53% | 2.60% |
Drawdowns
ASTEX vs. TEPAX - Drawdown Comparison
The maximum ASTEX drawdown since its inception was -5.66%, smaller than the maximum TEPAX drawdown of -7.13%. Use the drawdown chart below to compare losses from any high point for ASTEX and TEPAX. For additional features, visit the drawdowns tool.
Volatility
ASTEX vs. TEPAX - Volatility Comparison
The current volatility for American Funds Short-Term Tax Exempt Bond Fund (ASTEX) is 0.75%, while American Funds Tax-Exempt Preservation Portfolio (TEPAX) has a volatility of 0.92%. This indicates that ASTEX experiences smaller price fluctuations and is considered to be less risky than TEPAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.