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EBNAX vs. ASTEX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

Performance

EBNAX vs. ASTEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Funds Emerging Markets Bond Fund (EBNAX) and American Funds Short-Term Tax Exempt Bond Fund (ASTEX). The values are adjusted to include any dividend payments, if applicable.

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EBNAX vs. ASTEX - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
EBNAX
American Funds Emerging Markets Bond Fund
-2.39%15.91%0.33%12.11%-14.03%-3.96%7.65%13.16%-4.67%13.57%
ASTEX
American Funds Short-Term Tax Exempt Bond Fund
0.02%5.34%2.46%2.91%-3.25%-0.29%2.91%3.26%0.94%1.63%

Returns By Period

In the year-to-date period, EBNAX achieves a -2.39% return, which is significantly lower than ASTEX's 0.02% return.


EBNAX

1D
-0.25%
1M
-4.93%
YTD
-2.39%
6M
-0.08%
1Y
9.28%
3Y*
7.39%
5Y*
2.11%
10Y*

ASTEX

1D
0.00%
1M
-1.28%
YTD
0.02%
6M
0.65%
1Y
3.62%
3Y*
3.16%
5Y*
1.42%
10Y*
1.50%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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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.


Return for Risk

EBNAX vs. ASTEX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EBNAX
EBNAX Risk / Return Rank: 9090
Overall Rank
EBNAX Sharpe Ratio Rank: 9494
Sharpe Ratio Rank
EBNAX Sortino Ratio Rank: 9494
Sortino Ratio Rank
EBNAX Omega Ratio Rank: 9292
Omega Ratio Rank
EBNAX Calmar Ratio Rank: 8383
Calmar Ratio Rank
EBNAX Martin Ratio Rank: 8787
Martin Ratio Rank

ASTEX
ASTEX Risk / Return Rank: 9292
Overall Rank
ASTEX Sharpe Ratio Rank: 9292
Sharpe Ratio Rank
ASTEX Sortino Ratio Rank: 9494
Sortino Ratio Rank
ASTEX Omega Ratio Rank: 9797
Omega Ratio Rank
ASTEX Calmar Ratio Rank: 8787
Calmar Ratio Rank
ASTEX Martin Ratio Rank: 8989
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EBNAX vs. ASTEX - Risk-Adjusted Trends 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.


EBNAXASTEXDifference

Sharpe ratio

Return per unit of total volatility

2.12

2.00

+0.12

Sortino ratio

Return per unit of downside risk

2.92

3.00

-0.07

Omega ratio

Gain probability vs. loss probability

1.43

1.68

-0.25

Calmar ratio

Return relative to maximum drawdown

2.05

2.27

-0.22

Martin ratio

Return relative to average drawdown

9.34

9.83

-0.49

EBNAX vs. ASTEX - Sharpe Ratio Comparison

The current EBNAX Sharpe Ratio is 2.12, which is comparable to the ASTEX Sharpe Ratio of 2.00. The chart below compares the historical Sharpe Ratios of EBNAX and ASTEX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Sharpe Ratios by Period


EBNAXASTEXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.12

2.00

+0.12

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.32

0.82

-0.50

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.92

Sharpe Ratio (All Time)

Calculated using the full available price history

0.46

1.07

-0.61

Correlation

The correlation between EBNAX and ASTEX is 0.34, 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.


Dividends

EBNAX vs. ASTEX - Dividend Comparison

EBNAX's dividend yield for the trailing twelve months is around 5.61%, more than ASTEX's 2.76% yield.


TTM20252024202320222021202020192018201720162015
EBNAX
American Funds Emerging Markets Bond Fund
5.61%6.12%7.26%5.45%5.39%4.85%4.89%6.09%5.90%6.59%1.85%0.00%
ASTEX
American Funds Short-Term Tax Exempt Bond Fund
2.76%3.66%2.53%1.73%0.78%0.68%1.31%1.62%1.44%1.32%0.97%1.03%

Drawdowns

EBNAX vs. ASTEX - Drawdown Comparison

The maximum EBNAX drawdown since its inception was -26.27%, which is greater than ASTEX's maximum drawdown of -5.73%. Use the drawdown chart below to compare losses from any high point for EBNAX and ASTEX.


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Drawdown Indicators


EBNAXASTEXDifference

Max Drawdown

Largest peak-to-trough decline

-26.27%

-5.73%

-20.54%

Max Drawdown (1Y)

Largest decline over 1 year

-4.93%

-1.90%

-3.03%

Max Drawdown (5Y)

Largest decline over 5 years

-25.72%

-5.62%

-20.10%

Max Drawdown (10Y)

Largest decline over 10 years

-5.73%

Current Drawdown

Current decline from peak

-4.93%

-1.28%

-3.65%

Average Drawdown

Average peak-to-trough decline

-5.96%

-0.70%

-5.26%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.08%

0.44%

+0.64%

Volatility

EBNAX vs. ASTEX - Volatility Comparison

American Funds Emerging Markets Bond Fund (EBNAX) has a higher volatility of 2.23% compared to American Funds Short-Term Tax Exempt Bond Fund (ASTEX) at 0.49%. 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.


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Volatility by Period


EBNAXASTEXDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.23%

0.49%

+1.74%

Volatility (6M)

Calculated over the trailing 6-month period

3.27%

0.98%

+2.29%

Volatility (1Y)

Calculated over the trailing 1-year period

4.78%

2.11%

+2.67%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

6.67%

1.75%

+4.92%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

6.93%

1.63%

+5.30%