EBNAX vs. ASTEX
Compare and contrast key facts about American Funds Emerging Markets Bond Fund (EBNAX) and American Funds Short-Term Tax Exempt Bond Fund (ASTEX).
EBNAX is managed by American Funds. It was launched on Apr 21, 2016. ASTEX is managed by American Funds. It was launched on Aug 6, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EBNAX or ASTEX.
Performance
EBNAX vs. ASTEX - Performance Comparison
Returns By Period
In the year-to-date period, EBNAX achieves a 1.78% return, which is significantly lower than ASTEX's 2.43% return.
EBNAX
1.78%
-1.18%
1.65%
6.99%
1.55%
N/A
ASTEX
2.43%
-0.08%
2.66%
4.51%
1.02%
1.07%
Key characteristics
| EBNAX | ASTEX | |
|---|---|---|
| Sharpe Ratio | 1.26 | 2.65 |
| Sortino Ratio | 1.91 | 4.49 |
| Omega Ratio | 1.23 | 1.78 |
| Calmar Ratio | 0.75 | 1.75 |
| Martin Ratio | 4.39 | 13.35 |
| Ulcer Index | 1.59% | 0.34% |
| Daily Std Dev | 5.54% | 1.70% |
| Max Drawdown | -24.75% | -5.66% |
| Current Drawdown | -3.99% | -0.58% |
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EBNAX vs. ASTEX - Expense Ratio Comparison
EBNAX has a 0.98% expense ratio, which is higher than ASTEX's 0.53% expense ratio.
Correlation
The correlation between EBNAX and ASTEX 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
EBNAX vs. ASTEX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds Emerging Markets Bond Fund (EBNAX) and American Funds Short-Term Tax Exempt Bond Fund (ASTEX). 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
EBNAX vs. ASTEX - Dividend Comparison
EBNAX's dividend yield for the trailing twelve months is around 6.98%, more than ASTEX's 2.47% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EBNAX American Funds Emerging Markets Bond Fund | 6.98% | 6.53% | 7.35% | 4.85% | 4.89% | 6.31% | 6.36% | 5.90% | 3.00% | 0.00% | 0.00% | 0.00% |
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% |
Drawdowns
EBNAX vs. ASTEX - Drawdown Comparison
The maximum EBNAX drawdown since its inception was -24.75%, which is greater than ASTEX's maximum drawdown of -5.66%. Use the drawdown chart below to compare losses from any high point for EBNAX and ASTEX. For additional features, visit the drawdowns tool.
Volatility
EBNAX vs. ASTEX - Volatility Comparison
American Funds Emerging Markets Bond Fund (EBNAX) has a higher volatility of 1.83% compared to American Funds Short-Term Tax Exempt Bond Fund (ASTEX) at 0.75%. This indicates that EBNAX's price experiences larger fluctuations and is considered to be riskier than ASTEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.