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.
Performance
LTEBX vs. AFTEX - Performance Comparison
Loading graphics...
LTEBX vs. AFTEX - 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% |
AFTEX American Funds Tax Exempt Bond Fund | -0.33% | 4.88% | 2.28% | 5.96% | -9.68% | 1.87% | 4.73% | 7.42% | 0.78% | 5.83% |
Returns By Period
In the year-to-date period, LTEBX achieves a -0.24% return, which is significantly higher than AFTEX's -0.33% return. Over the past 10 years, LTEBX has underperformed AFTEX with an annualized return of 1.73%, while AFTEX has yielded a comparatively higher 2.11% 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%
AFTEX
- 1D
- 0.32%
- 1M
- -2.06%
- YTD
- -0.33%
- 6M
- 1.01%
- 1Y
- 3.60%
- 3Y*
- 3.38%
- 5Y*
- 0.84%
- 10Y*
- 2.11%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
LTEBX vs. AFTEX - Expense Ratio Comparison
LTEBX has a 0.57% expense ratio, which is higher than AFTEX's 0.50% expense ratio.
Return for Risk
LTEBX vs. AFTEX — Risk / Return Rank
LTEBX
AFTEX
LTEBX vs. AFTEX - 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 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.
| LTEBX | AFTEX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.50 | 0.89 | +0.61 |
Sortino ratioReturn per unit of downside risk | 2.00 | 1.20 | +0.79 |
Omega ratioGain probability vs. loss probability | 1.43 | 1.24 | +0.19 |
Calmar ratioReturn relative to maximum drawdown | 1.71 | 1.05 | +0.66 |
Martin ratioReturn relative to average drawdown | 6.81 | 3.50 | +3.31 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| LTEBX | AFTEX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.50 | 0.89 | +0.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.56 | 0.23 | +0.33 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.75 | 0.56 | +0.19 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.47 | 1.42 | +0.05 |
Correlation
The correlation between LTEBX and AFTEX is 0.88, 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.
Dividends
LTEBX vs. AFTEX - Dividend Comparison
LTEBX's dividend yield for the trailing twelve months is around 2.59%, less than AFTEX's 3.03% 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% |
AFTEX American Funds Tax Exempt Bond Fund | 3.03% | 3.98% | 2.90% | 2.22% | 1.75% | 2.31% | 2.43% | 2.83% | 2.86% | 3.30% | 2.90% | 3.21% |
Drawdowns
LTEBX vs. AFTEX - Drawdown Comparison
The maximum LTEBX drawdown since its inception was -8.33%, smaller than the maximum AFTEX drawdown of -14.55%. Use the drawdown chart below to compare losses from any high point for LTEBX and AFTEX.
Loading graphics...
Drawdown Indicators
| LTEBX | AFTEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.33% | -14.55% | +6.22% |
Max Drawdown (1Y)Largest decline over 1 year | -2.91% | -4.51% | +1.60% |
Max Drawdown (5Y)Largest decline over 5 years | -8.33% | -14.55% | +6.22% |
Max Drawdown (10Y)Largest decline over 10 years | -8.33% | -14.55% | +6.22% |
Current DrawdownCurrent decline from peak | -2.08% | -2.29% | +0.21% |
Average DrawdownAverage peak-to-trough decline | -1.05% | -1.67% | +0.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.73% | 1.35% | -0.62% |
Volatility
LTEBX vs. AFTEX - Volatility Comparison
The current volatility for American Funds Limited Term Tax-Exempt Bond Fund (LTEBX) is 0.82%, while American Funds Tax Exempt Bond Fund (AFTEX) has a volatility of 1.09%. 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.
Loading graphics...
Volatility by Period
| LTEBX | AFTEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.82% | 1.09% | -0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 1.24% | 1.65% | -0.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.94% | 4.58% | -1.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.28% | 3.72% | -1.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.33% | 3.77% | -1.44% |