RERGX vs. TEPAX

Last updated Jun 5, 2026

RERGX (American Funds EuroPacific Growth Fund Class R-6) and TEPAX (American Funds Tax-Exempt Preservation Portfolio) are both mutual funds - RERGX is a Foreign Large Cap Equities fund managed by American Funds, while TEPAX is a Municipal Bonds fund managed by American Funds. Over the past 10 years, RERGX returned 9.12%/yr vs 1.54%/yr for TEPAX. At a 0.01 correlation, their price movements are largely independent. RERGX charges 0.46%/yr vs 0.34%/yr for TEPAX.

Performance

RERGX vs. TEPAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Funds EuroPacific Growth Fund Class R-6 (RERGX) and American Funds Tax-Exempt Preservation Portfolio (TEPAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RERGX achieves a 11.44% return, which is significantly higher than TEPAX's 0.81% return. Over the past 10 years, RERGX has outperformed TEPAX with an annualized return of 9.12%, while TEPAX has yielded a comparatively lower 1.54% annualized return.

RERGX

• 1D: -0.79%
• 1M: 5.62%
• YTD: 11.44%
• 6M: 13.85%
• 1Y: 27.52%
• 3Y*: 16.05%
• 5Y*: 5.07%
• 10Y*: 9.12%

TEPAX

• 1D: 0.00%
• 1M: 0.42%
• YTD: 0.81%
• 6M: 1.09%
• 1Y: 4.12%
• 3Y*: 3.42%
• 5Y*: 1.23%
• 10Y*: 1.54%

*Multi-year figures are annualized to reflect compound growth (CAGR)

RERGX vs. TEPAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RERGX American Funds EuroPacific Growth Fund Class R-6	11.44%	29.34%	3.00%	16.11%	-22.77%	2.84%	25.27%	27.40%	-17.33%	31.19%
TEPAX American Funds Tax-Exempt Preservation Portfolio	0.81%	4.36%	2.14%	3.63%	-4.36%	-0.03%	3.52%	4.14%	0.90%	2.43%

Correlation

The correlation between RERGX and TEPAX is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.22
Correlation (3Y) Calculated over the trailing 3-year period	0.19
Correlation (5Y) Calculated over the trailing 5-year period	0.15
Correlation (10Y) Calculated over the trailing 10-year period	0.05
Correlation (All Time) Calculated using the full available price history since Jan 3, 2013	0.01

Over the past year, RERGX and TEPAX have become more correlated (0.22) than their long-term average of 0.01, meaning their price movements have been converging.

Return for Risk

RERGX vs. TEPAX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

RERGX

RERGX Risk / Return Rank: 39
RERGX Sharpe Ratio Rank: 40
RERGX Sortino Ratio Rank: 40
RERGX Omega Ratio Rank: 40
RERGX Calmar Ratio Rank: 36
RERGX Martin Ratio Rank: 40

TEPAX

TEPAX Risk / Return Rank: 69
TEPAX Sharpe Ratio Rank: 90
TEPAX Sortino Ratio Rank: 90
TEPAX Omega Ratio Rank: 96
TEPAX Calmar Ratio Rank: 39
TEPAX Martin Ratio Rank: 32

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

RERGX vs. TEPAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Funds EuroPacific Growth Fund Class R-6 (RERGX) and American Funds Tax-Exempt Preservation Portfolio (TEPAX). 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.

	RERGX	TEPAX	Difference
Sharpe ratio: Return per unit of total volatility	1.85	3.01	-1.15
Sortino ratio: Return per unit of downside risk	2.64	4.45	-1.81
Omega ratio: Gain probability vs. loss probability	1.34	1.85	-0.50
Calmar ratio: Return relative to maximum drawdown	2.28	2.33	-0.05
Martin ratio: Return relative to average drawdown	8.58	7.18	+1.40
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RERGX vs. TEPAX - Sharpe Ratio Comparison

The current RERGX Sharpe Ratio is 1.85, which is lower than the TEPAX Sharpe Ratio of 3.01. The chart below compares the historical Sharpe Ratios of RERGX and TEPAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	RERGX	TEPAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.85	3.01	-1.15
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.31	0.63	-0.33
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.54	0.75	-0.20
Sharpe Ratio (All Time) Calculated using the full available price history	0.42	0.85	-0.43

Drawdowns

RERGX vs. TEPAX - Drawdown Comparison

The maximum RERGX drawdown since its inception was -37.30%, which is greater than TEPAX's maximum drawdown of -7.13%. Use the drawdown chart below to compare losses from any high point for RERGX and TEPAX.

Drawdown Indicators

	RERGX	TEPAX	Difference
Max Drawdown Largest peak-to-trough decline	-37.30%	-7.13%	-30.17%
Max Drawdown (1Y) Largest decline over 1 year	-12.52%	-1.82%	-10.70%
Max Drawdown (3Y) Largest decline over 3 years	-15.62%	-2.23%	-13.39%
Max Drawdown (5Y) Largest decline over 5 years	-37.30%	-7.12%	-30.18%
Max Drawdown (10Y) Largest decline over 10 years	-37.30%	-7.13%	-30.17%
Current Drawdown Current decline from peak	-0.79%	-0.80%	+0.01%
Average Drawdown Average peak-to-trough decline	-9.21%	-1.24%	-7.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.31%	0.59%	+2.72%

Volatility

RERGX vs. TEPAX - Volatility Comparison

American Funds EuroPacific Growth Fund Class R-6 (RERGX) has a higher volatility of 5.52% compared to American Funds Tax-Exempt Preservation Portfolio (TEPAX) at 0.57%. This indicates that RERGX's price experiences larger fluctuations and is considered to be riskier than TEPAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RERGX	TEPAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.52%	0.57%	+4.95%
Volatility (6M) Calculated over the trailing 6-month period	12.93%	1.14%	+11.79%
Volatility (1Y) Calculated over the trailing 1-year period	15.39%	1.41%	+13.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.67%	1.95%	+14.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.93%	2.07%	+14.86%

RERGX vs. TEPAX - Expense Ratio Comparison

RERGX has a 0.46% expense ratio, which is higher than TEPAX's 0.34% expense ratio.

Dividends

RERGX vs. TEPAX - Dividend Comparison

RERGX's dividend yield for the trailing twelve months is around 12.52%, more than TEPAX's 2.38% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RERGX American Funds EuroPacific Growth Fund Class R-6	12.52%	13.95%	4.96%	3.95%	2.02%	10.19%	0.41%	3.14%	3.17%	4.99%	1.64%	3.43%
TEPAX American Funds Tax-Exempt Preservation Portfolio	2.38%	2.39%	2.44%	1.96%	1.11%	0.87%	1.44%	1.79%	1.72%	1.79%	2.22%	2.36%

Frequently Asked Questions

Can I hold both RERGX and TEPAX in my portfolio?

RERGX and TEPAX have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RERGX or TEPAX?

RERGX has higher volatility (5.52%) compared to TEPAX (0.57%). In terms of maximum drawdown, RERGX dropped -37.30% vs TEPAX's -7.13%.

Which has better risk-adjusted returns?

TEPAX currently has the higher Sharpe Ratio (3.01 vs 1.85), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.