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
Returns By Period
In the year-to-date period, LTEBX achieves a 2.07% return, which is significantly lower than SGOV's 4.78% return.
LTEBX
2.07%
0.53%
2.99%
4.81%
0.82%
1.34%
SGOV
4.78%
0.41%
2.55%
5.34%
N/A
N/A
Key characteristics
| LTEBX | SGOV | |
|---|---|---|
| Sharpe Ratio | 2.20 | 21.75 |
| Sortino Ratio | 3.40 | 522.74 |
| Omega Ratio | 1.51 | 523.74 |
| Calmar Ratio | 1.04 | 536.49 |
| Martin Ratio | 8.50 | 8,516.56 |
| Ulcer Index | 0.57% | 0.00% |
| Daily Std Dev | 2.19% | 0.25% |
| Max Drawdown | -8.45% | -0.03% |
| Current Drawdown | -0.96% | 0.00% |
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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.
Correlation
The correlation between LTEBX and SGOV is 0.04, 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.
Risk-Adjusted Performance
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 2.25%, less than SGOV's 5.23% 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% |
SGOV iShares 0-3 Month Treasury Bond ETF | 5.23% | 4.87% | 1.45% | 0.03% | 0.04% | 0.00% | 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 0.88% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.08%. 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.