Correlation
The correlation between LTEBX and SGOV is 0.00, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
LTEBX vs. SGOV
Compare and contrast key facts about American Funds Limited Term Tax-Exempt Bond Fund (LTEBX) and iShares 0-3 Month Treasury Bond ETF (SGOV).
LTEBX is managed by American Funds. It was launched on Oct 5, 1993. SGOV is a passively managed fund by iShares that tracks the performance of the ICE 0-3 Month US Treasury Bill Index. It was launched on May 26, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: LTEBX or SGOV.
Performance
LTEBX vs. SGOV - Performance Comparison
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Key characteristics
LTEBX:
1.23
SGOV:
21.63
LTEBX:
1.53
SGOV:
474.39
LTEBX:
1.27
SGOV:
475.39
LTEBX:
1.16
SGOV:
485.71
LTEBX:
4.35
SGOV:
7,710.35
LTEBX:
0.85%
SGOV:
0.00%
LTEBX:
3.20%
SGOV:
0.22%
LTEBX:
-8.45%
SGOV:
-0.03%
LTEBX:
-0.82%
SGOV:
0.00%
Returns By Period
In the year-to-date period, LTEBX achieves a 0.78% return, which is significantly lower than SGOV's 1.75% return.
LTEBX
0.78%
0.33%
0.04%
3.91%
2.23%
0.61%
1.41%
SGOV
1.75%
0.35%
2.15%
4.82%
4.55%
2.74%
N/A
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LTEBX vs. SGOV - Expense Ratio Comparison
LTEBX has a 0.57% expense ratio, which is higher than SGOV's 0.03% expense ratio.
Risk-Adjusted Performance
LTEBX vs. SGOV — Risk-Adjusted Performance Rank
LTEBX
SGOV
LTEBX vs. SGOV - 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 iShares 0-3 Month Treasury Bond ETF (SGOV). 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.
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Dividends
LTEBX vs. SGOV - Dividend Comparison
LTEBX's dividend yield for the trailing twelve months is around 2.45%, less than SGOV's 4.69% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LTEBX American Funds Limited Term Tax-Exempt Bond Fund | 2.45% | 2.35% | 1.92% | 1.17% | 1.31% | 1.93% | 2.20% | 2.04% | 2.04% | 2.09% | 2.35% | 2.44% |
SGOV iShares 0-3 Month Treasury Bond ETF | 4.69% | 5.10% | 4.87% | 1.45% | 0.03% | 0.05% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
LTEBX vs. SGOV - Drawdown Comparison
The maximum LTEBX drawdown since its inception was -8.45%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for LTEBX and SGOV.
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Volatility
LTEBX vs. SGOV - Volatility Comparison
American Funds Limited Term Tax-Exempt Bond Fund (LTEBX) has a higher volatility of 0.41% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.06%. This indicates that LTEBX's price experiences larger fluctuations and is considered to be riskier than SGOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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