LTEBX vs. AMECX
Compare and contrast key facts about American Funds Limited Term Tax-Exempt Bond Fund (LTEBX) and American Funds The Income Fund of America Class A (AMECX).
LTEBX is managed by American Funds. It was launched on Oct 5, 1993. AMECX is managed by American Funds. It was launched on Dec 1, 1973.
Performance
LTEBX vs. AMECX - Performance Comparison
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LTEBX vs. AMECX - 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% |
AMECX American Funds The Income Fund of America Class A | 2.83% | 17.77% | 10.84% | 6.79% | -6.40% | 17.37% | 4.49% | 18.50% | -5.27% | 12.58% |
Returns By Period
In the year-to-date period, LTEBX achieves a -0.24% return, which is significantly lower than AMECX's 2.83% return. Over the past 10 years, LTEBX has underperformed AMECX with an annualized return of 1.73%, while AMECX has yielded a comparatively higher 8.35% 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%
AMECX
- 1D
- 1.33%
- 1M
- -4.18%
- YTD
- 2.83%
- 6M
- 5.30%
- 1Y
- 15.39%
- 3Y*
- 12.45%
- 5Y*
- 8.08%
- 10Y*
- 8.35%
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LTEBX vs. AMECX - Expense Ratio Comparison
LTEBX has a 0.57% expense ratio, which is higher than AMECX's 0.56% expense ratio.
Return for Risk
LTEBX vs. AMECX — Risk / Return Rank
LTEBX
AMECX
LTEBX vs. AMECX - 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 The Income Fund of America Class A (AMECX). 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 | AMECX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.50 | 1.65 | -0.15 |
Sortino ratioReturn per unit of downside risk | 2.00 | 2.27 | -0.28 |
Omega ratioGain probability vs. loss probability | 1.43 | 1.34 | +0.09 |
Calmar ratioReturn relative to maximum drawdown | 1.71 | 1.97 | -0.26 |
Martin ratioReturn relative to average drawdown | 6.81 | 9.13 | -2.32 |
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 | AMECX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.50 | 1.65 | -0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.56 | 0.86 | -0.30 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.75 | 0.79 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.47 | 0.72 | +0.75 |
Correlation
The correlation between LTEBX and AMECX 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. AMECX - Dividend Comparison
LTEBX's dividend yield for the trailing twelve months is around 2.59%, less than AMECX's 9.73% 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% |
AMECX American Funds The Income Fund of America Class A | 9.73% | 9.94% | 6.38% | 2.93% | 6.98% | 6.67% | 2.80% | 5.01% | 7.48% | 4.26% | 3.09% | 5.09% |
Drawdowns
LTEBX vs. AMECX - Drawdown Comparison
The maximum LTEBX drawdown since its inception was -8.33%, smaller than the maximum AMECX drawdown of -41.92%. Use the drawdown chart below to compare losses from any high point for LTEBX and AMECX.
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Drawdown Indicators
| LTEBX | AMECX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.33% | -41.92% | +33.59% |
Max Drawdown (1Y)Largest decline over 1 year | -2.91% | -8.19% | +5.28% |
Max Drawdown (5Y)Largest decline over 5 years | -8.33% | -15.78% | +7.45% |
Max Drawdown (10Y)Largest decline over 10 years | -8.33% | -26.13% | +17.80% |
Current DrawdownCurrent decline from peak | -2.08% | -4.48% | +2.40% |
Average DrawdownAverage peak-to-trough decline | -1.05% | -4.46% | +3.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.73% | 1.77% | -1.04% |
Volatility
LTEBX vs. AMECX - Volatility Comparison
The current volatility for American Funds Limited Term Tax-Exempt Bond Fund (LTEBX) is 0.82%, while American Funds The Income Fund of America Class A (AMECX) has a volatility of 3.35%. This indicates that LTEBX experiences smaller price fluctuations and is considered to be less risky than AMECX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LTEBX | AMECX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.82% | 3.35% | -2.53% |
Volatility (6M)Calculated over the trailing 6-month period | 1.24% | 5.64% | -4.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.94% | 9.54% | -6.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.28% | 9.45% | -7.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.33% | 10.67% | -8.34% |