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.
Correlation
The correlation between LTEBX and SGOV is 0.05, 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.
Performance
LTEBX vs. SGOV - Performance Comparison
Key characteristics
LTEBX:
1.34
SGOV:
22.09
LTEBX:
1.91
SGOV:
505.14
LTEBX:
1.28
SGOV:
506.14
LTEBX:
0.93
SGOV:
518.07
LTEBX:
4.38
SGOV:
8,224.15
LTEBX:
0.68%
SGOV:
0.00%
LTEBX:
2.23%
SGOV:
0.23%
LTEBX:
-8.45%
SGOV:
-0.03%
LTEBX:
-0.72%
SGOV:
0.00%
Returns By Period
The year-to-date returns for both stocks are quite close, with LTEBX having a 0.33% return and SGOV slightly lower at 0.32%.
LTEBX
0.33%
0.70%
1.49%
2.91%
0.66%
1.24%
SGOV
0.32%
0.35%
2.44%
5.19%
N/A
N/A
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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.
Dividends
LTEBX vs. SGOV - Dividend Comparison
LTEBX's dividend yield for the trailing twelve months is around 2.34%, less than SGOV's 5.08% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LTEBX American Funds Limited Term Tax-Exempt Bond Fund | 2.34% | 2.35% | 1.92% | 1.17% | 0.81% | 1.35% | 1.86% | 2.04% | 2.04% | 2.09% | 2.35% | 2.44% |
SGOV iShares 0-3 Month Treasury Bond ETF | 5.08% | 5.10% | 4.87% | 1.45% | 0.03% | 0.04% | 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. For additional features, visit the drawdowns tool.
Volatility
LTEBX vs. SGOV - Volatility Comparison
American Funds Limited Term Tax-Exempt Bond Fund (LTEBX) has a higher volatility of 0.61% 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.