ASTEX vs. VGIT
Compare and contrast key facts about American Funds Short-Term Tax Exempt Bond Fund (ASTEX) and Vanguard Intermediate-Term Treasury ETF (VGIT).
ASTEX is managed by American Funds. It was launched on Aug 6, 2009. VGIT is a passively managed fund by Vanguard that tracks the performance of the Barclays U.S. 3-10 Year Government Float Adjusted Index. It was launched on Nov 19, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ASTEX or VGIT.
Performance
ASTEX vs. VGIT - Performance Comparison
Returns By Period
In the year-to-date period, ASTEX achieves a 2.43% return, which is significantly higher than VGIT's 1.34% return. Both investments have delivered pretty close results over the past 10 years, with ASTEX having a 1.07% annualized return and VGIT not far ahead at 1.11%.
ASTEX
2.43%
0.02%
2.76%
4.40%
1.02%
1.07%
VGIT
1.34%
-1.01%
2.91%
4.71%
-0.24%
1.11%
Key characteristics
| ASTEX | VGIT | |
|---|---|---|
| Sharpe Ratio | 2.65 | 0.95 |
| Sortino Ratio | 4.49 | 1.39 |
| Omega Ratio | 1.78 | 1.17 |
| Calmar Ratio | 1.82 | 0.36 |
| Martin Ratio | 13.28 | 2.74 |
| Ulcer Index | 0.34% | 1.70% |
| Daily Std Dev | 1.70% | 4.92% |
| Max Drawdown | -5.66% | -16.05% |
| Current Drawdown | -0.58% | -8.69% |
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ASTEX vs. VGIT - Expense Ratio Comparison
ASTEX has a 0.53% expense ratio, which is higher than VGIT's 0.04% expense ratio.
Correlation
The correlation between ASTEX and VGIT is 0.32, 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. VGIT - 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 Vanguard Intermediate-Term Treasury ETF (VGIT). 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. VGIT - Dividend Comparison
ASTEX's dividend yield for the trailing twelve months is around 2.47%, less than VGIT's 3.57% 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% |
VGIT Vanguard Intermediate-Term Treasury ETF | 3.57% | 2.72% | 1.74% | 1.69% | 2.23% | 2.24% | 2.05% | 1.67% | 1.69% | 1.69% | 1.54% | 1.63% |
Drawdowns
ASTEX vs. VGIT - Drawdown Comparison
The maximum ASTEX drawdown since its inception was -5.66%, smaller than the maximum VGIT drawdown of -16.05%. Use the drawdown chart below to compare losses from any high point for ASTEX and VGIT. For additional features, visit the drawdowns tool.
Volatility
ASTEX vs. VGIT - Volatility Comparison
The current volatility for American Funds Short-Term Tax Exempt Bond Fund (ASTEX) is 0.62%, while Vanguard Intermediate-Term Treasury ETF (VGIT) has a volatility of 1.15%. This indicates that ASTEX experiences smaller price fluctuations and is considered to be less risky than VGIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.