GFFFX vs. ASTEX
GFFFX (American Funds The Growth Fund of America Class F-2) and ASTEX (American Funds Short-Term Tax Exempt Bond Fund) are both mutual funds - GFFFX is a Large Cap Growth Equities fund actively managed by American Funds, while ASTEX is a Municipal Bonds fund managed by American Funds. Over the past 10 years, GFFFX returned 15.72%/yr vs 1.50%/yr for ASTEX. Their -0.01 correlation means they have often moved in opposite directions in the past. GFFFX charges 0.40%/yr vs 0.53%/yr for ASTEX.
Performance
GFFFX vs. ASTEX - Performance Comparison
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Returns By Period
In the year-to-date period, GFFFX achieves a 9.59% return, which is significantly higher than ASTEX's 0.72% return. Over the past 10 years, GFFFX has outperformed ASTEX with an annualized return of 15.72%, while ASTEX has yielded a comparatively lower 1.50% annualized return.
GFFFX
- 1D
- 1.95%
- 1M
- 0.41%
- 6M
- 11.75%
- YTD
- 9.59%
- 1Y
- 17.56%
- 3Y*
- 22.78%
- 5Y*
- 11.08%
- 10Y*
- 15.72%
- ALL TIME*
- 15.28%
ASTEX
- 1D
- 0.10%
- 1M
- -0.50%
- 6M
- -0.09%
- YTD
- 0.72%
- 1Y
- 2.23%
- 3Y*
- 3.68%
- 5Y*
- 1.49%
- 10Y*
- 1.50%
- ALL TIME*
- 1.48%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
GFFFX vs. ASTEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GFFFX American Funds The Growth Fund of America Class F-2 | 9.59% | 19.96% | 28.28% | 37.51% | -30.61% | 19.55% | 38.16% | 28.43% | -2.96% | 26.38% |
ASTEX American Funds Short-Term Tax Exempt Bond Fund | 0.72% | 5.34% | 2.46% | 2.91% | -3.25% | -0.29% | 2.91% | 3.26% | 0.94% | 1.63% |
Correlation
The correlation between GFFFX and ASTEX is 0.26, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.26 |
Correlation (3Y) Balances recent behavior with more history. | 0.12 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.09 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.04 |
Correlation (All Time) Calculated using the full available price history since Aug 10, 2009 | -0.01 |
The correlation between GFFFX and ASTEX shifts across timeframes, from -0.01 (all time) to 0.26 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
GFFFX vs. ASTEX — Risk / Return Rank
GFFFX
ASTEX
GFFFX vs. ASTEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds The Growth Fund of America Class F-2 (GFFFX) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| GFFFX | ASTEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.64 | ||
| Sortino ratioReturn per unit of downside risk | -1.21 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.45 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 1.19 | 1.76 | -0.57 |
| Martin ratioReturn relative to average drawdown | 4.30 | 5.27 | -0.97 |
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Drawdowns
GFFFX vs. ASTEX - Drawdown Comparison
The maximum GFFFX drawdown since its inception was -36.26%, which is greater than ASTEX's maximum drawdown of -5.73%. Use the drawdown chart below to compare losses from any high point for GFFFX and ASTEX.
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Drawdown Indicators
| GFFFX | ASTEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.26% | -5.73% | -30.53% |
Max Drawdown (1Y)Largest decline over 1 year | -13.74% | -1.28% | -12.46% |
Max Drawdown (3Y)Largest decline over 3 years | -21.55% | -1.90% | -19.65% |
Max Drawdown (5Y)Largest decline over 5 years | -36.26% | -5.62% | -30.64% |
Max Drawdown (10Y)Largest decline over 10 years | -36.26% | -5.73% | -30.53% |
Current DrawdownCurrent decline from peak | -0.86% | -0.59% | -0.27% |
Average DrawdownAverage peak-to-trough decline | -5.54% | -0.70% | -4.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.79% | 0.43% | +3.36% |
Volatility
GFFFX vs. ASTEX - Volatility Comparison
American Funds The Growth Fund of America Class F-2 (GFFFX) has a higher volatility of 5.50% compared to American Funds Short-Term Tax Exempt Bond Fund (ASTEX) at 0.41%. This indicates that GFFFX'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
| GFFFX | ASTEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.50% | 0.41% | +5.09% |
Volatility (6M)Calculated over the trailing 6-month period | 13.86% | 1.06% | +12.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.04% | 1.40% | +15.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.56% | 1.78% | +18.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.78% | 1.65% | +18.13% |
GFFFX vs. ASTEX - Expense Ratio Comparison
GFFFX has a 0.40% expense ratio, which is lower than ASTEX's 0.53% expense ratio.
Dividends
GFFFX vs. ASTEX - Dividend Comparison
GFFFX's dividend yield for the trailing twelve months is around 9.99%, more than ASTEX's 2.52% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASTEX American Funds Short-Term Tax Exempt Bond Fund | 2.52% | 3.66% | 2.53% | 1.73% | 0.78% | 0.68% | 1.31% | 1.62% | 1.44% | 1.32% | 0.97% | 1.03% |
GFFFX American Funds The Growth Fund of America Class F-2 | 9.99% | 10.95% | 9.23% | 7.64% | 4.32% | 8.42% | 4.51% | 7.38% | 12.29% | 7.27% | 6.87% | 9.13% |
Frequently Asked Questions
GFFFX and ASTEX have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GFFFX has higher volatility (5.50%) compared to ASTEX (0.41%). In terms of maximum drawdown, GFFFX dropped -36.26% vs ASTEX's -5.73%.
ASTEX currently has the higher Sharpe Ratio (1.61 vs 0.97), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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