LTEBX vs. FBNDX
Compare and contrast key facts about American Funds Limited Term Tax-Exempt Bond Fund (LTEBX) and Fidelity Investment Grade Bond Fund (FBNDX).
LTEBX is managed by American Funds. It was launched on Oct 5, 1993. FBNDX is managed by Fidelity. It was launched on Aug 6, 1971.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: LTEBX or FBNDX.
Correlation
The correlation between LTEBX and FBNDX is -0.04. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
LTEBX vs. FBNDX - Performance Comparison
Key characteristics
LTEBX:
0.75
FBNDX:
0.91
LTEBX:
1.02
FBNDX:
1.44
LTEBX:
1.18
FBNDX:
1.17
LTEBX:
0.77
FBNDX:
0.41
LTEBX:
2.92
FBNDX:
2.55
LTEBX:
0.84%
FBNDX:
2.13%
LTEBX:
3.19%
FBNDX:
5.60%
LTEBX:
-8.45%
FBNDX:
-20.16%
LTEBX:
-1.23%
FBNDX:
-7.94%
Returns By Period
In the year-to-date period, LTEBX achieves a 0.36% return, which is significantly lower than FBNDX's 1.95% return. Over the past 10 years, LTEBX has underperformed FBNDX with an annualized return of 1.35%, while FBNDX has yielded a comparatively higher 1.72% annualized return.
LTEBX
0.36%
1.73%
0.27%
2.39%
0.87%
1.35%
FBNDX
1.95%
0.14%
0.96%
5.13%
-0.58%
1.72%
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LTEBX vs. FBNDX - Expense Ratio Comparison
LTEBX has a 0.57% expense ratio, which is higher than FBNDX's 0.45% expense ratio.
Risk-Adjusted Performance
LTEBX vs. FBNDX — Risk-Adjusted Performance Rank
LTEBX
FBNDX
LTEBX vs. FBNDX - 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 Fidelity Investment Grade Bond Fund (FBNDX). 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. FBNDX - Dividend Comparison
LTEBX's dividend yield for the trailing twelve months is around 2.24%, less than FBNDX's 3.60% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LTEBX American Funds Limited Term Tax-Exempt Bond Fund | 2.24% | 2.35% | 1.92% | 1.17% | 0.81% | 1.35% | 1.86% | 2.04% | 2.04% | 2.09% | 2.35% | 2.44% |
FBNDX Fidelity Investment Grade Bond Fund | 3.60% | 3.99% | 3.56% | 2.67% | 1.53% | 1.88% | 2.77% | 2.85% | 2.36% | 2.31% | 2.90% | 2.59% |
Drawdowns
LTEBX vs. FBNDX - Drawdown Comparison
The maximum LTEBX drawdown since its inception was -8.45%, smaller than the maximum FBNDX drawdown of -20.16%. Use the drawdown chart below to compare losses from any high point for LTEBX and FBNDX. For additional features, visit the drawdowns tool.
Volatility
LTEBX vs. FBNDX - Volatility Comparison
The current volatility for American Funds Limited Term Tax-Exempt Bond Fund (LTEBX) is 1.44%, while Fidelity Investment Grade Bond Fund (FBNDX) has a volatility of 1.75%. This indicates that LTEBX experiences smaller price fluctuations and is considered to be less risky than FBNDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.