LTEBX vs. VTEAX
Compare and contrast key facts about American Funds Limited Term Tax-Exempt Bond Fund (LTEBX) and Vanguard Tax-Exempt Bond Index Fund Admiral Shares (VTEAX).
LTEBX is managed by American Funds. It was launched on Oct 5, 1993. VTEAX is managed by Vanguard. It was launched on Aug 25, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: LTEBX or VTEAX.
Performance
LTEBX vs. VTEAX - Performance Comparison
Returns By Period
In the year-to-date period, LTEBX achieves a 2.07% return, which is significantly higher than VTEAX's 1.75% return.
LTEBX
2.07%
0.53%
2.99%
4.81%
0.82%
1.34%
VTEAX
1.75%
1.16%
3.25%
5.46%
1.18%
N/A
Key characteristics
| LTEBX | VTEAX | |
|---|---|---|
| Sharpe Ratio | 2.20 | 1.78 |
| Sortino Ratio | 3.40 | 2.60 |
| Omega Ratio | 1.51 | 1.41 |
| Calmar Ratio | 1.04 | 0.86 |
| Martin Ratio | 8.50 | 6.65 |
| Ulcer Index | 0.57% | 0.82% |
| Daily Std Dev | 2.19% | 3.06% |
| Max Drawdown | -8.45% | -12.74% |
| Current Drawdown | -0.96% | -1.22% |
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LTEBX vs. VTEAX - Expense Ratio Comparison
LTEBX has a 0.57% expense ratio, which is higher than VTEAX's 0.09% expense ratio.
Correlation
The correlation between LTEBX and VTEAX is 0.83, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
LTEBX vs. VTEAX - 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 Vanguard Tax-Exempt Bond Index Fund Admiral Shares (VTEAX). 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. VTEAX - Dividend Comparison
LTEBX's dividend yield for the trailing twelve months is around 2.25%, less than VTEAX's 3.06% 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% |
VTEAX Vanguard Tax-Exempt Bond Index Fund Admiral Shares | 3.06% | 2.75% | 2.06% | 1.61% | 1.97% | 2.28% | 2.24% | 0.34% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
LTEBX vs. VTEAX - Drawdown Comparison
The maximum LTEBX drawdown since its inception was -8.45%, smaller than the maximum VTEAX drawdown of -12.74%. Use the drawdown chart below to compare losses from any high point for LTEBX and VTEAX. For additional features, visit the drawdowns tool.
Volatility
LTEBX vs. VTEAX - Volatility Comparison
The current volatility for American Funds Limited Term Tax-Exempt Bond Fund (LTEBX) is 0.88%, while Vanguard Tax-Exempt Bond Index Fund Admiral Shares (VTEAX) has a volatility of 1.38%. This indicates that LTEBX experiences smaller price fluctuations and is considered to be less risky than VTEAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.