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LTEBX vs. AMHIX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between LTEBX and AMHIX is 0.82, 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.


-0.50.00.51.00.8

Performance

LTEBX vs. AMHIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Funds Limited Term Tax-Exempt Bond Fund (LTEBX) and American High-Income Municipal Bond Fund (AMHIX). The values are adjusted to include any dividend payments, if applicable.

-0.50%0.00%0.50%1.00%1.50%2.00%2.50%3.00%SeptemberOctoberNovemberDecember2025
1.16%
1.13%
LTEBX
AMHIX

Key characteristics

Sharpe Ratio

LTEBX:

1.37

AMHIX:

1.82

Sortino Ratio

LTEBX:

1.95

AMHIX:

2.53

Omega Ratio

LTEBX:

1.29

AMHIX:

1.39

Calmar Ratio

LTEBX:

0.96

AMHIX:

1.21

Martin Ratio

LTEBX:

4.46

AMHIX:

6.56

Ulcer Index

LTEBX:

0.68%

AMHIX:

1.09%

Daily Std Dev

LTEBX:

2.23%

AMHIX:

3.94%

Max Drawdown

LTEBX:

-8.45%

AMHIX:

-21.73%

Current Drawdown

LTEBX:

-0.59%

AMHIX:

-1.59%

Returns By Period

In the year-to-date period, LTEBX achieves a 0.46% return, which is significantly higher than AMHIX's 0.20% return. Over the past 10 years, LTEBX has underperformed AMHIX with an annualized return of 1.25%, while AMHIX has yielded a comparatively higher 3.30% annualized return.


LTEBX

YTD

0.46%

1M

0.46%

6M

1.16%

1Y

2.52%

5Y*

0.65%

10Y*

1.25%

AMHIX

YTD

0.20%

1M

0.20%

6M

1.13%

1Y

5.96%

5Y*

1.68%

10Y*

3.30%

*Annualized

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. AMHIX - Expense Ratio Comparison

LTEBX has a 0.57% expense ratio, which is lower than AMHIX's 0.63% expense ratio.


AMHIX
American High-Income Municipal Bond Fund
Expense ratio chart for AMHIX: current value at 0.63% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.63%
Expense ratio chart for LTEBX: current value at 0.57% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.57%

Risk-Adjusted Performance

LTEBX vs. AMHIX — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

LTEBX
The Risk-Adjusted Performance Rank of LTEBX is 6868
Overall Rank
The Sharpe Ratio Rank of LTEBX is 7070
Sharpe Ratio Rank
The Sortino Ratio Rank of LTEBX is 7272
Sortino Ratio Rank
The Omega Ratio Rank of LTEBX is 7878
Omega Ratio Rank
The Calmar Ratio Rank of LTEBX is 6464
Calmar Ratio Rank
The Martin Ratio Rank of LTEBX is 5757
Martin Ratio Rank

AMHIX
The Risk-Adjusted Performance Rank of AMHIX is 8181
Overall Rank
The Sharpe Ratio Rank of AMHIX is 8686
Sharpe Ratio Rank
The Sortino Ratio Rank of AMHIX is 8686
Sortino Ratio Rank
The Omega Ratio Rank of AMHIX is 8989
Omega Ratio Rank
The Calmar Ratio Rank of AMHIX is 7272
Calmar Ratio Rank
The Martin Ratio Rank of AMHIX is 7272
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

LTEBX vs. AMHIX - 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 High-Income Municipal Bond Fund (AMHIX). 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.


Sharpe ratio
The chart of Sharpe ratio for LTEBX, currently valued at 1.37, compared to the broader market-1.000.001.002.003.004.001.371.82
The chart of Sortino ratio for LTEBX, currently valued at 1.95, compared to the broader market0.002.004.006.008.0010.0012.001.952.53
The chart of Omega ratio for LTEBX, currently valued at 1.29, compared to the broader market1.002.003.004.001.291.39
The chart of Calmar ratio for LTEBX, currently valued at 0.95, compared to the broader market0.005.0010.0015.0020.000.961.21
The chart of Martin ratio for LTEBX, currently valued at 4.46, compared to the broader market0.0020.0040.0060.0080.004.466.56
LTEBX
AMHIX

The current LTEBX Sharpe Ratio is 1.37, which is comparable to the AMHIX Sharpe Ratio of 1.82. The chart below compares the historical Sharpe Ratios of LTEBX and AMHIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio1.002.003.004.00SeptemberOctoberNovemberDecember2025
1.37
1.82
LTEBX
AMHIX

Dividends

LTEBX vs. AMHIX - Dividend Comparison

LTEBX's dividend yield for the trailing twelve months is around 2.15%, less than AMHIX's 3.52% yield.


TTM20242023202220212020201920182017201620152014
LTEBX
American Funds Limited Term Tax-Exempt Bond Fund
2.15%2.35%1.92%1.17%0.81%1.35%1.86%2.04%2.04%2.09%2.35%2.44%
AMHIX
American High-Income Municipal Bond Fund
3.52%3.84%3.77%3.39%2.72%3.25%3.39%3.68%3.71%3.89%4.01%4.20%

Drawdowns

LTEBX vs. AMHIX - Drawdown Comparison

The maximum LTEBX drawdown since its inception was -8.45%, smaller than the maximum AMHIX drawdown of -21.73%. Use the drawdown chart below to compare losses from any high point for LTEBX and AMHIX. For additional features, visit the drawdowns tool.


-3.50%-3.00%-2.50%-2.00%-1.50%-1.00%-0.50%0.00%SeptemberOctoberNovemberDecember2025
-0.59%
-1.59%
LTEBX
AMHIX

Volatility

LTEBX vs. AMHIX - Volatility Comparison

The current volatility for American Funds Limited Term Tax-Exempt Bond Fund (LTEBX) is 0.62%, while American High-Income Municipal Bond Fund (AMHIX) has a volatility of 1.20%. This indicates that LTEBX experiences smaller price fluctuations and is considered to be less risky than AMHIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.50%1.00%1.50%2.00%SeptemberOctoberNovemberDecember2025
0.62%
1.20%
LTEBX
AMHIX
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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