LTEBX vs. ASTEX
Compare and contrast key facts about American Funds Limited Term Tax-Exempt Bond Fund (LTEBX) and American Funds Short-Term Tax Exempt Bond Fund (ASTEX).
LTEBX is managed by American Funds. It was launched on Oct 5, 1993. ASTEX is managed by American Funds. It was launched on Aug 6, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: LTEBX or ASTEX.
Performance
LTEBX vs. ASTEX - Performance Comparison
Returns By Period
In the year-to-date period, LTEBX achieves a 2.07% return, which is significantly lower than ASTEX's 2.43% return. Over the past 10 years, LTEBX has outperformed ASTEX with an annualized return of 1.34%, while ASTEX has yielded a comparatively lower 1.07% annualized return.
LTEBX
2.07%
0.53%
2.99%
4.81%
0.82%
1.34%
ASTEX
2.43%
0.42%
2.76%
4.40%
1.02%
1.07%
Key characteristics
| LTEBX | ASTEX | |
|---|---|---|
| Sharpe Ratio | 2.20 | 2.59 |
| Sortino Ratio | 3.40 | 4.39 |
| Omega Ratio | 1.51 | 1.77 |
| Calmar Ratio | 1.04 | 1.78 |
| Martin Ratio | 8.50 | 12.89 |
| Ulcer Index | 0.57% | 0.34% |
| Daily Std Dev | 2.19% | 1.70% |
| Max Drawdown | -8.45% | -5.66% |
| Current Drawdown | -0.96% | -0.58% |
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LTEBX vs. ASTEX - Expense Ratio Comparison
LTEBX has a 0.57% expense ratio, which is higher than ASTEX's 0.53% expense ratio.
Correlation
The correlation between LTEBX and ASTEX is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
LTEBX vs. ASTEX - 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 Short-Term Tax Exempt Bond Fund (ASTEX). 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. ASTEX - Dividend Comparison
LTEBX's dividend yield for the trailing twelve months is around 2.25%, less than ASTEX's 2.47% 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% |
ASTEX American Funds Short-Term Tax Exempt Bond Fund | 2.47% | 2.09% | 1.07% | 0.50% | 1.04% | 1.51% | 1.44% | 1.23% | 1.07% | 1.03% | 1.05% | 1.10% |
Drawdowns
LTEBX vs. ASTEX - Drawdown Comparison
The maximum LTEBX drawdown since its inception was -8.45%, which is greater than ASTEX's maximum drawdown of -5.66%. Use the drawdown chart below to compare losses from any high point for LTEBX and ASTEX. For additional features, visit the drawdowns tool.
Volatility
LTEBX vs. ASTEX - Volatility Comparison
American Funds Limited Term Tax-Exempt Bond Fund (LTEBX) has a higher volatility of 0.88% compared to American Funds Short-Term Tax Exempt Bond Fund (ASTEX) at 0.62%. This indicates that LTEBX's price experiences larger fluctuations and is considered to be riskier than ASTEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.