LTEBX vs. AFTEX
Compare and contrast key facts about American Funds Limited Term Tax-Exempt Bond Fund (LTEBX) and American Funds Tax Exempt Bond Fund (AFTEX).
LTEBX is managed by American Funds. It was launched on Oct 5, 1993. AFTEX is managed by American Funds. It was launched on Oct 2, 1979.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: LTEBX or AFTEX.
Performance
LTEBX vs. AFTEX - Performance Comparison
Returns By Period
In the year-to-date period, LTEBX achieves a 2.07% return, which is significantly lower than AFTEX's 2.56% return. Over the past 10 years, LTEBX has underperformed AFTEX with an annualized return of 1.34%, while AFTEX has yielded a comparatively higher 2.31% annualized return.
LTEBX
2.07%
0.53%
2.99%
4.81%
0.82%
1.34%
AFTEX
2.56%
1.07%
3.53%
6.78%
1.17%
2.31%
Key characteristics
| LTEBX | AFTEX | |
|---|---|---|
| Sharpe Ratio | 2.20 | 2.09 |
| Sortino Ratio | 3.40 | 3.14 |
| Omega Ratio | 1.51 | 1.48 |
| Calmar Ratio | 1.04 | 0.87 |
| Martin Ratio | 8.50 | 8.51 |
| Ulcer Index | 0.57% | 0.80% |
| Daily Std Dev | 2.19% | 3.24% |
| Max Drawdown | -8.45% | -14.38% |
| Current Drawdown | -0.96% | -1.59% |
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LTEBX vs. AFTEX - Expense Ratio Comparison
LTEBX has a 0.57% expense ratio, which is higher than AFTEX's 0.50% expense ratio.
Correlation
The correlation between LTEBX and AFTEX is 0.87, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
LTEBX vs. AFTEX - 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 Tax Exempt Bond Fund (AFTEX). 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. AFTEX - Dividend Comparison
LTEBX's dividend yield for the trailing twelve months is around 2.25%, less than AFTEX's 2.86% 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% |
AFTEX American Funds Tax Exempt Bond Fund | 2.86% | 2.69% | 2.33% | 1.95% | 2.27% | 2.63% | 2.88% | 3.05% | 3.17% | 3.21% | 3.38% | 3.52% |
Drawdowns
LTEBX vs. AFTEX - Drawdown Comparison
The maximum LTEBX drawdown since its inception was -8.45%, smaller than the maximum AFTEX drawdown of -14.38%. Use the drawdown chart below to compare losses from any high point for LTEBX and AFTEX. For additional features, visit the drawdowns tool.
Volatility
LTEBX vs. AFTEX - Volatility Comparison
The current volatility for American Funds Limited Term Tax-Exempt Bond Fund (LTEBX) is 0.88%, while American Funds Tax Exempt Bond Fund (AFTEX) has a volatility of 1.38%. This indicates that LTEBX experiences smaller price fluctuations and is considered to be less risky than AFTEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.