INPAX vs. ASTEX
Compare and contrast key facts about American Funds Conservative Growth and Income Portfolio (INPAX) and American Funds Short-Term Tax Exempt Bond Fund (ASTEX).
INPAX is managed by American Funds. It was launched on May 17, 2012. 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: INPAX or ASTEX.
Performance
INPAX vs. ASTEX - Performance Comparison
Returns By Period
In the year-to-date period, INPAX achieves a 10.61% return, which is significantly higher than ASTEX's 2.43% return. Over the past 10 years, INPAX has outperformed ASTEX with an annualized return of 5.86%, while ASTEX has yielded a comparatively lower 1.07% annualized return.
INPAX
10.61%
0.15%
6.83%
16.41%
6.27%
5.86%
ASTEX
2.43%
0.42%
2.76%
4.40%
1.02%
1.07%
Key characteristics
| INPAX | ASTEX | |
|---|---|---|
| Sharpe Ratio | 2.83 | 2.59 |
| Sortino Ratio | 4.06 | 4.39 |
| Omega Ratio | 1.55 | 1.77 |
| Calmar Ratio | 3.25 | 1.78 |
| Martin Ratio | 18.10 | 12.89 |
| Ulcer Index | 0.91% | 0.34% |
| Daily Std Dev | 5.79% | 1.70% |
| Max Drawdown | -21.25% | -5.66% |
| Current Drawdown | -0.80% | -0.58% |
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INPAX vs. ASTEX - Expense Ratio Comparison
INPAX has a 0.33% expense ratio, which is lower than ASTEX's 0.53% expense ratio.
Correlation
The correlation between INPAX and ASTEX is 0.06, 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
INPAX vs. ASTEX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds Conservative Growth and Income Portfolio (INPAX) 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
INPAX vs. ASTEX - Dividend Comparison
INPAX's dividend yield for the trailing twelve months is around 3.80%, more than ASTEX's 2.47% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
INPAX American Funds Conservative Growth and Income Portfolio | 3.80% | 3.91% | 3.41% | 2.64% | 3.52% | 3.28% | 3.36% | 2.84% | 3.17% | 3.44% | 4.68% | 3.78% |
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
INPAX vs. ASTEX - Drawdown Comparison
The maximum INPAX drawdown since its inception was -21.25%, which is greater than ASTEX's maximum drawdown of -5.66%. Use the drawdown chart below to compare losses from any high point for INPAX and ASTEX. For additional features, visit the drawdowns tool.
Volatility
INPAX vs. ASTEX - Volatility Comparison
American Funds Conservative Growth and Income Portfolio (INPAX) has a higher volatility of 1.54% compared to American Funds Short-Term Tax Exempt Bond Fund (ASTEX) at 0.62%. This indicates that INPAX'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.