TAFTX vs. NMTRX
Compare and contrast key facts about American Funds Tax-Exempt Fund of California (TAFTX) and Nuveen Municipal Total Return Managed Accounts (NMTRX).
TAFTX is managed by American Funds. It was launched on Oct 27, 1986. NMTRX is managed by BlackRock. It was launched on May 30, 2007.
Performance
TAFTX vs. NMTRX - Performance Comparison
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TAFTX vs. NMTRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TAFTX American Funds Tax-Exempt Fund of California | -0.58% | 4.73% | 2.31% | 5.76% | -9.78% | 1.88% | 4.43% | 7.33% | 0.71% | 5.96% |
NMTRX Nuveen Municipal Total Return Managed Accounts | -0.12% | 3.90% | 1.99% | 6.21% | -11.98% | 2.69% | 5.25% | 9.26% | 1.06% | 7.41% |
Returns By Period
In the year-to-date period, TAFTX achieves a -0.58% return, which is significantly lower than NMTRX's -0.12% return. Over the past 10 years, TAFTX has underperformed NMTRX with an annualized return of 1.97%, while NMTRX has yielded a comparatively higher 2.27% annualized return.
TAFTX
- 1D
- 0.24%
- 1M
- -2.29%
- YTD
- -0.58%
- 6M
- 0.84%
- 1Y
- 3.36%
- 3Y*
- 3.22%
- 5Y*
- 0.71%
- 10Y*
- 1.97%
NMTRX
- 1D
- 0.20%
- 1M
- -1.97%
- YTD
- -0.12%
- 6M
- 1.65%
- 1Y
- 3.78%
- 3Y*
- 3.22%
- 5Y*
- 0.38%
- 10Y*
- 2.27%
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TAFTX vs. NMTRX - Expense Ratio Comparison
TAFTX has a 0.57% expense ratio, which is higher than NMTRX's 0.05% expense ratio.
Return for Risk
TAFTX vs. NMTRX — Risk / Return Rank
TAFTX
NMTRX
TAFTX vs. NMTRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds Tax-Exempt Fund of California (TAFTX) and Nuveen Municipal Total Return Managed Accounts (NMTRX). 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 | NMTRX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.73 | 0.84 | -0.11 |
Sortino ratioReturn per unit of downside risk | 0.99 | 1.16 | -0.16 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.23 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 0.87 | 0.99 | -0.12 |
Martin ratioReturn relative to average drawdown | 2.76 | 2.89 | -0.13 |
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 | NMTRX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.73 | 0.84 | -0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.18 | 0.10 | +0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.51 | 0.52 | -0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.27 | 0.97 | +0.30 |
Correlation
The correlation between TAFTX and NMTRX is 0.85, 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.
Dividends
TAFTX vs. NMTRX - Dividend Comparison
TAFTX's dividend yield for the trailing twelve months is around 3.04%, less than NMTRX's 4.19% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TAFTX American Funds Tax-Exempt Fund of California | 3.04% | 3.96% | 2.64% | 2.19% | 1.82% | 2.19% | 2.65% | 3.15% | 2.93% | 2.95% | 3.13% | 3.32% |
NMTRX Nuveen Municipal Total Return Managed Accounts | 4.19% | 4.46% | 3.55% | 3.67% | 3.28% | 2.73% | 2.92% | 3.20% | 3.47% | 3.28% | 3.71% | 3.91% |
Drawdowns
TAFTX vs. NMTRX - Drawdown Comparison
The maximum TAFTX drawdown since its inception was -18.83%, which is greater than NMTRX's maximum drawdown of -16.36%. Use the drawdown chart below to compare losses from any high point for TAFTX and NMTRX.
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Drawdown Indicators
| TAFTX | NMTRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.83% | -16.36% | -2.47% |
Max Drawdown (1Y)Largest decline over 1 year | -5.20% | -4.75% | -0.45% |
Max Drawdown (5Y)Largest decline over 5 years | -14.82% | -16.36% | +1.54% |
Max Drawdown (10Y)Largest decline over 10 years | -14.82% | -16.36% | +1.54% |
Current DrawdownCurrent decline from peak | -2.58% | -2.25% | -0.33% |
Average DrawdownAverage peak-to-trough decline | -1.94% | -2.93% | +0.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.64% | 1.62% | +0.02% |
Volatility
TAFTX vs. NMTRX - Volatility Comparison
American Funds Tax-Exempt Fund of California (TAFTX) has a higher volatility of 1.18% compared to Nuveen Municipal Total Return Managed Accounts (NMTRX) at 1.07%. This indicates that TAFTX's price experiences larger fluctuations and is considered to be riskier than NMTRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TAFTX | NMTRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.18% | 1.07% | +0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 1.71% | 1.82% | -0.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.17% | 4.93% | +0.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.00% | 3.97% | +0.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.90% | 4.38% | -0.48% |