TAFTX vs. AMCPX
Compare and contrast key facts about American Funds Tax-Exempt Fund of California (TAFTX) and American Funds AMCAP Fund Class A (AMCPX).
TAFTX is managed by American Funds. It was launched on Oct 27, 1986. AMCPX is managed by American Funds. It was launched on Jan 5, 1967.
Performance
TAFTX vs. AMCPX - Performance Comparison
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TAFTX vs. AMCPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TAFTX American Funds Tax-Exempt Fund of California | -0.82% | 4.73% | 2.31% | 5.76% | -9.78% | 1.88% | 4.43% | 7.33% | 0.71% | 5.96% |
AMCPX American Funds AMCAP Fund Class A | -11.82% | 17.68% | 21.11% | 31.04% | -28.67% | 20.57% | 21.42% | 26.35% | -4.42% | 22.08% |
Returns By Period
In the year-to-date period, TAFTX achieves a -0.82% return, which is significantly higher than AMCPX's -11.82% return. Over the past 10 years, TAFTX has underperformed AMCPX with an annualized return of 1.95%, while AMCPX has yielded a comparatively higher 10.59% annualized return.
TAFTX
- 1D
- 0.24%
- 1M
- -2.81%
- YTD
- -0.82%
- 6M
- 0.72%
- 1Y
- 3.49%
- 3Y*
- 3.14%
- 5Y*
- 0.67%
- 10Y*
- 1.95%
AMCPX
- 1D
- -0.37%
- 1M
- -10.12%
- YTD
- -11.82%
- 6M
- -9.34%
- 1Y
- 11.06%
- 3Y*
- 14.39%
- 5Y*
- 6.22%
- 10Y*
- 10.59%
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TAFTX vs. AMCPX - Expense Ratio Comparison
TAFTX has a 0.57% expense ratio, which is lower than AMCPX's 0.65% expense ratio.
Return for Risk
TAFTX vs. AMCPX — Risk / Return Rank
TAFTX
AMCPX
TAFTX vs. AMCPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds Tax-Exempt Fund of California (TAFTX) and American Funds AMCAP Fund Class A (AMCPX). 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.
| TAFTX | AMCPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.83 | 0.56 | +0.27 |
Sortino ratioReturn per unit of downside risk | 1.13 | 0.94 | +0.19 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.13 | +0.10 |
Calmar ratioReturn relative to maximum drawdown | 0.88 | 0.59 | +0.29 |
Martin ratioReturn relative to average drawdown | 2.81 | 2.42 | +0.39 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TAFTX | AMCPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.83 | 0.56 | +0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.17 | 0.33 | -0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | 0.57 | -0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.27 | 0.57 | +0.70 |
Correlation
The correlation between TAFTX and AMCPX is 0.02, 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.
Dividends
TAFTX vs. AMCPX - Dividend Comparison
TAFTX's dividend yield for the trailing twelve months is around 3.05%, less than AMCPX's 9.90% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TAFTX American Funds Tax-Exempt Fund of California | 3.05% | 3.96% | 2.64% | 2.19% | 1.82% | 2.19% | 2.65% | 3.15% | 2.93% | 2.95% | 3.13% | 3.32% |
AMCPX American Funds AMCAP Fund Class A | 9.90% | 8.73% | 8.19% | 3.26% | 7.54% | 3.43% | 3.88% | 4.90% | 7.84% | 5.37% | 3.81% | 8.86% |
Drawdowns
TAFTX vs. AMCPX - Drawdown Comparison
The maximum TAFTX drawdown since its inception was -18.83%, smaller than the maximum AMCPX drawdown of -62.37%. Use the drawdown chart below to compare losses from any high point for TAFTX and AMCPX.
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Drawdown Indicators
| TAFTX | AMCPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.83% | -62.37% | +43.54% |
Max Drawdown (1Y)Largest decline over 1 year | -5.20% | -14.18% | +8.98% |
Max Drawdown (5Y)Largest decline over 5 years | -14.82% | -36.90% | +22.08% |
Max Drawdown (10Y)Largest decline over 10 years | -14.82% | -36.90% | +22.08% |
Current DrawdownCurrent decline from peak | -2.81% | -14.18% | +11.37% |
Average DrawdownAverage peak-to-trough decline | -1.94% | -9.60% | +7.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.63% | 3.47% | -1.84% |
Volatility
TAFTX vs. AMCPX - Volatility Comparison
The current volatility for American Funds Tax-Exempt Fund of California (TAFTX) is 1.13%, while American Funds AMCAP Fund Class A (AMCPX) has a volatility of 5.26%. This indicates that TAFTX experiences smaller price fluctuations and is considered to be less risky than AMCPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TAFTX | AMCPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.13% | 5.26% | -4.13% |
Volatility (6M)Calculated over the trailing 6-month period | 1.71% | 11.06% | -9.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.18% | 19.60% | -14.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.00% | 19.12% | -15.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.90% | 18.63% | -14.73% |