LTEBX vs. ABALX
Compare and contrast key facts about American Funds Limited Term Tax-Exempt Bond Fund (LTEBX) and American Funds American Balanced Fund Class A (ABALX).
LTEBX is managed by American Funds. It was launched on Oct 5, 1993. ABALX is managed by American Funds. It was launched on Jul 26, 1975.
Performance
LTEBX vs. ABALX - Performance Comparison
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LTEBX vs. ABALX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LTEBX American Funds Limited Term Tax-Exempt Bond Fund | -0.24% | 6.02% | 1.97% | 3.82% | -5.12% | -0.01% | 4.01% | 4.67% | 1.08% | 2.95% |
ABALX American Funds American Balanced Fund Class A | -1.12% | 18.45% | 14.63% | 13.65% | -12.13% | 15.75% | 10.85% | 18.60% | -3.35% | 14.69% |
Returns By Period
In the year-to-date period, LTEBX achieves a -0.24% return, which is significantly higher than ABALX's -1.12% return. Over the past 10 years, LTEBX has underperformed ABALX with an annualized return of 1.73%, while ABALX has yielded a comparatively higher 9.17% annualized return.
LTEBX
- 1D
- 0.19%
- 1M
- -1.83%
- YTD
- -0.24%
- 6M
- 0.63%
- 1Y
- 4.04%
- 3Y*
- 3.28%
- 5Y*
- 1.27%
- 10Y*
- 1.73%
ABALX
- 1D
- 1.79%
- 1M
- -4.88%
- YTD
- -1.12%
- 6M
- 2.08%
- 1Y
- 16.95%
- 3Y*
- 14.07%
- 5Y*
- 8.20%
- 10Y*
- 9.17%
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LTEBX vs. ABALX - Expense Ratio Comparison
LTEBX has a 0.57% expense ratio, which is higher than ABALX's 0.56% expense ratio.
Return for Risk
LTEBX vs. ABALX — Risk / Return Rank
LTEBX
ABALX
LTEBX vs. ABALX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds Limited Term Tax-Exempt Bond Fund (LTEBX) and American Funds American Balanced Fund Class A (ABALX). 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.
| LTEBX | ABALX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.50 | 1.56 | -0.05 |
Sortino ratioReturn per unit of downside risk | 2.00 | 2.28 | -0.29 |
Omega ratioGain probability vs. loss probability | 1.43 | 1.32 | +0.11 |
Calmar ratioReturn relative to maximum drawdown | 1.71 | 2.43 | -0.72 |
Martin ratioReturn relative to average drawdown | 6.81 | 10.15 | -3.34 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| LTEBX | ABALX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.50 | 1.56 | -0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.56 | 0.79 | -0.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.75 | 0.87 | -0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.47 | 0.79 | +0.68 |
Correlation
The correlation between LTEBX and ABALX is 0.04, 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
LTEBX vs. ABALX - Dividend Comparison
LTEBX's dividend yield for the trailing twelve months is around 2.59%, less than ABALX's 8.39% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LTEBX American Funds Limited Term Tax-Exempt Bond Fund | 2.59% | 3.39% | 2.34% | 1.74% | 0.87% | 1.24% | 1.92% | 2.19% | 2.04% | 2.21% | 1.92% | 2.34% |
ABALX American Funds American Balanced Fund Class A | 8.39% | 8.27% | 6.87% | 2.05% | 2.30% | 4.30% | 4.35% | 3.49% | 5.49% | 4.72% | 4.24% | 5.60% |
Drawdowns
LTEBX vs. ABALX - Drawdown Comparison
The maximum LTEBX drawdown since its inception was -8.33%, smaller than the maximum ABALX drawdown of -40.20%. Use the drawdown chart below to compare losses from any high point for LTEBX and ABALX.
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Drawdown Indicators
| LTEBX | ABALX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.33% | -40.20% | +31.87% |
Max Drawdown (1Y)Largest decline over 1 year | -2.91% | -7.33% | +4.42% |
Max Drawdown (5Y)Largest decline over 5 years | -8.33% | -18.76% | +10.43% |
Max Drawdown (10Y)Largest decline over 10 years | -8.33% | -22.34% | +14.01% |
Current DrawdownCurrent decline from peak | -2.08% | -5.37% | +3.29% |
Average DrawdownAverage peak-to-trough decline | -1.05% | -3.86% | +2.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.73% | 1.76% | -1.03% |
Volatility
LTEBX vs. ABALX - Volatility Comparison
The current volatility for American Funds Limited Term Tax-Exempt Bond Fund (LTEBX) is 0.82%, while American Funds American Balanced Fund Class A (ABALX) has a volatility of 3.89%. This indicates that LTEBX experiences smaller price fluctuations and is considered to be less risky than ABALX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LTEBX | ABALX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.82% | 3.89% | -3.07% |
Volatility (6M)Calculated over the trailing 6-month period | 1.24% | 6.96% | -5.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.94% | 11.22% | -8.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.28% | 10.45% | -8.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.33% | 10.63% | -8.30% |