LTEBX vs. AMHIX
Compare and contrast key facts about American Funds Limited Term Tax-Exempt Bond Fund (LTEBX) and American High-Income Municipal Bond Fund (AMHIX).
LTEBX is managed by American Funds. It was launched on Oct 5, 1993. AMHIX is managed by American Funds. It was launched on Sep 25, 1994.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: LTEBX or AMHIX.
Performance
LTEBX vs. AMHIX - Performance Comparison
Returns By Period
In the year-to-date period, LTEBX achieves a 2.07% return, which is significantly lower than AMHIX's 6.54% return. Over the past 10 years, LTEBX has underperformed AMHIX with an annualized return of 1.34%, while AMHIX has yielded a comparatively higher 3.63% annualized return.
LTEBX
2.07%
0.53%
2.99%
4.81%
0.82%
1.34%
AMHIX
6.54%
1.13%
5.33%
11.94%
2.20%
3.63%
Key characteristics
| LTEBX | AMHIX | |
|---|---|---|
| Sharpe Ratio | 2.20 | 3.02 |
| Sortino Ratio | 3.40 | 4.60 |
| Omega Ratio | 1.51 | 1.74 |
| Calmar Ratio | 1.04 | 1.18 |
| Martin Ratio | 8.50 | 14.52 |
| Ulcer Index | 0.57% | 0.82% |
| Daily Std Dev | 2.19% | 3.95% |
| Max Drawdown | -8.45% | -21.73% |
| Current Drawdown | -0.96% | -1.26% |
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LTEBX vs. AMHIX - Expense Ratio Comparison
LTEBX has a 0.57% expense ratio, which is lower than AMHIX's 0.63% expense ratio.
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.
Risk-Adjusted Performance
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.
Dividends
LTEBX vs. AMHIX - Dividend Comparison
LTEBX's dividend yield for the trailing twelve months is around 2.25%, less than AMHIX's 3.80% 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% |
AMHIX American High-Income Municipal Bond Fund | 3.80% | 3.77% | 3.39% | 2.72% | 3.25% | 3.39% | 3.68% | 3.71% | 3.89% | 4.01% | 4.20% | 4.55% |
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.
Volatility
LTEBX vs. AMHIX - Volatility Comparison
The current volatility for American Funds Limited Term Tax-Exempt Bond Fund (LTEBX) is 0.88%, while American High-Income Municipal Bond Fund (AMHIX) has a volatility of 1.56%. 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.