LTEBX vs. GFFFX
Compare and contrast key facts about American Funds Limited Term Tax-Exempt Bond Fund (LTEBX) and American Funds The Growth Fund of America (GFFFX).
LTEBX is managed by American Funds. It was launched on Oct 5, 1993. GFFFX is managed by American Funds. It was launched on Dec 1, 1973.
Performance
LTEBX vs. GFFFX - Performance Comparison
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LTEBX vs. GFFFX - 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% |
GFFFX American Funds The Growth Fund of America | -8.03% | 19.96% | 28.28% | 37.51% | -30.61% | 19.55% | 38.16% | 28.43% | -2.96% | 26.38% |
Returns By Period
In the year-to-date period, LTEBX achieves a -0.24% return, which is significantly higher than GFFFX's -8.03% return. Over the past 10 years, LTEBX has underperformed GFFFX with an annualized return of 1.73%, while GFFFX has yielded a comparatively higher 14.56% 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%
GFFFX
- 1D
- 3.56%
- 1M
- -6.33%
- YTD
- -8.03%
- 6M
- -7.08%
- 1Y
- 17.05%
- 3Y*
- 20.50%
- 5Y*
- 9.18%
- 10Y*
- 14.56%
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LTEBX vs. GFFFX - Expense Ratio Comparison
LTEBX has a 0.57% expense ratio, which is higher than GFFFX's 0.40% expense ratio.
Return for Risk
LTEBX vs. GFFFX — Risk / Return Rank
LTEBX
GFFFX
LTEBX vs. GFFFX - 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 Growth Fund of America (GFFFX). 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 | GFFFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.50 | 0.85 | +0.65 |
Sortino ratioReturn per unit of downside risk | 2.00 | 1.36 | +0.64 |
Omega ratioGain probability vs. loss probability | 1.43 | 1.19 | +0.24 |
Calmar ratioReturn relative to maximum drawdown | 1.71 | 1.28 | +0.43 |
Martin ratioReturn relative to average drawdown | 6.81 | 4.85 | +1.95 |
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 | GFFFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.50 | 0.85 | +0.65 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.56 | 0.46 | +0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.75 | 0.74 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.47 | 0.75 | +0.71 |
Correlation
The correlation between LTEBX and GFFFX is -0.08. 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.
Dividends
LTEBX vs. GFFFX - Dividend Comparison
LTEBX's dividend yield for the trailing twelve months is around 2.59%, less than GFFFX's 11.90% 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% |
GFFFX American Funds The Growth Fund of America | 11.90% | 10.95% | 9.23% | 7.64% | 4.32% | 8.42% | 4.51% | 7.38% | 12.29% | 7.27% | 6.87% | 9.13% |
Drawdowns
LTEBX vs. GFFFX - Drawdown Comparison
The maximum LTEBX drawdown since its inception was -8.33%, smaller than the maximum GFFFX drawdown of -36.26%. Use the drawdown chart below to compare losses from any high point for LTEBX and GFFFX.
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Drawdown Indicators
| LTEBX | GFFFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.33% | -36.26% | +27.93% |
Max Drawdown (1Y)Largest decline over 1 year | -2.91% | -13.74% | +10.83% |
Max Drawdown (5Y)Largest decline over 5 years | -8.33% | -36.26% | +27.93% |
Max Drawdown (10Y)Largest decline over 10 years | -8.33% | -36.26% | +27.93% |
Current DrawdownCurrent decline from peak | -2.08% | -10.67% | +8.59% |
Average DrawdownAverage peak-to-trough decline | -1.05% | -5.60% | +4.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.73% | 3.62% | -2.89% |
Volatility
LTEBX vs. GFFFX - Volatility Comparison
The current volatility for American Funds Limited Term Tax-Exempt Bond Fund (LTEBX) is 0.82%, while American Funds The Growth Fund of America (GFFFX) has a volatility of 6.76%. This indicates that LTEBX experiences smaller price fluctuations and is considered to be less risky than GFFFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LTEBX | GFFFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.82% | 6.76% | -5.94% |
Volatility (6M)Calculated over the trailing 6-month period | 1.24% | 12.14% | -10.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.94% | 21.02% | -18.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.28% | 20.23% | -17.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.33% | 19.64% | -17.31% |