LTEBX vs. AAATX
Compare and contrast key facts about American Funds Limited Term Tax-Exempt Bond Fund (LTEBX) and American Funds 2010 Target Date Retirement Fund (AAATX).
LTEBX is managed by American Funds. It was launched on Oct 5, 1993. AAATX is managed by American Funds. It was launched on Jan 31, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: LTEBX or AAATX.
Performance
LTEBX vs. AAATX - Performance Comparison
Returns By Period
In the year-to-date period, LTEBX achieves a 2.07% return, which is significantly lower than AAATX's 8.66% return. Over the past 10 years, LTEBX has underperformed AAATX with an annualized return of 1.34%, while AAATX has yielded a comparatively higher 5.07% annualized return.
LTEBX
2.07%
0.53%
2.99%
4.81%
0.82%
1.34%
AAATX
8.66%
-0.08%
5.95%
13.62%
5.25%
5.07%
Key characteristics
| LTEBX | AAATX | |
|---|---|---|
| Sharpe Ratio | 2.20 | 2.61 |
| Sortino Ratio | 3.40 | 3.79 |
| Omega Ratio | 1.51 | 1.50 |
| Calmar Ratio | 1.04 | 2.19 |
| Martin Ratio | 8.50 | 16.12 |
| Ulcer Index | 0.57% | 0.85% |
| Daily Std Dev | 2.19% | 5.22% |
| Max Drawdown | -8.45% | -37.63% |
| Current Drawdown | -0.96% | -1.13% |
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LTEBX vs. AAATX - Expense Ratio Comparison
LTEBX has a 0.57% expense ratio, which is higher than AAATX's 0.34% expense ratio.
Correlation
The correlation between LTEBX and AAATX is -0.02. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Risk-Adjusted Performance
LTEBX vs. AAATX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds Limited Term Tax-Exempt Bond Fund (LTEBX) and American Funds 2010 Target Date Retirement Fund (AAATX). 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
LTEBX vs. AAATX - Dividend Comparison
LTEBX's dividend yield for the trailing twelve months is around 2.25%, less than AAATX's 2.58% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LTEBX American Funds Limited Term Tax-Exempt Bond Fund | 2.25% | 1.92% | 1.17% | 0.81% | 1.35% | 1.86% | 2.04% | 2.04% | 2.09% | 2.35% | 2.44% | 2.48% |
AAATX American Funds 2010 Target Date Retirement Fund | 2.58% | 2.80% | 2.48% | 1.52% | 2.40% | 2.04% | 2.08% | 1.71% | 1.74% | 1.42% | 6.12% | 7.48% |
Drawdowns
LTEBX vs. AAATX - Drawdown Comparison
The maximum LTEBX drawdown since its inception was -8.45%, smaller than the maximum AAATX drawdown of -37.63%. Use the drawdown chart below to compare losses from any high point for LTEBX and AAATX. For additional features, visit the drawdowns tool.
Volatility
LTEBX vs. AAATX - Volatility Comparison
The current volatility for American Funds Limited Term Tax-Exempt Bond Fund (LTEBX) is 0.88%, while American Funds 2010 Target Date Retirement Fund (AAATX) has a volatility of 1.34%. This indicates that LTEBX experiences smaller price fluctuations and is considered to be less risky than AAATX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.