TEPAX vs. ABALX
Compare and contrast key facts about American Funds Tax-Exempt Preservation Portfolio (TEPAX) and American Funds American Balanced Fund Class A (ABALX).
TEPAX is managed by American Funds. It was launched on May 17, 2012. ABALX is managed by American Funds. It was launched on Jul 26, 1975.
Performance
TEPAX vs. ABALX - Performance Comparison
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TEPAX vs. ABALX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TEPAX American Funds Tax-Exempt Preservation Portfolio | -0.02% | 4.36% | 2.14% | 3.63% | -4.36% | -0.03% | 3.52% | 4.14% | 0.90% | 2.43% |
ABALX American Funds American Balanced Fund Class A | -1.12% | 18.45% | 14.63% | 13.65% | -12.13% | 15.75% | 10.85% | 18.60% | -3.35% | 14.69% |
Returns By Period
In the year-to-date period, TEPAX achieves a -0.02% return, which is significantly higher than ABALX's -1.12% return. Over the past 10 years, TEPAX has underperformed ABALX with an annualized return of 1.51%, while ABALX has yielded a comparatively higher 9.17% annualized return.
TEPAX
- 1D
- 0.10%
- 1M
- -1.42%
- YTD
- -0.02%
- 6M
- 0.67%
- 1Y
- 3.50%
- 3Y*
- 2.87%
- 5Y*
- 1.14%
- 10Y*
- 1.51%
ABALX
- 1D
- 1.79%
- 1M
- -4.88%
- YTD
- -1.12%
- 6M
- 2.08%
- 1Y
- 16.95%
- 3Y*
- 14.07%
- 5Y*
- 8.20%
- 10Y*
- 9.17%
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TEPAX vs. ABALX - Expense Ratio Comparison
TEPAX has a 0.34% expense ratio, which is lower than ABALX's 0.56% expense ratio.
Return for Risk
TEPAX vs. ABALX — Risk / Return Rank
TEPAX
ABALX
TEPAX vs. ABALX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds Tax-Exempt Preservation Portfolio (TEPAX) and American Funds American Balanced Fund Class A (ABALX). 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.
| TEPAX | ABALX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.75 | 1.56 | +0.19 |
Sortino ratioReturn per unit of downside risk | 2.30 | 2.28 | +0.02 |
Omega ratioGain probability vs. loss probability | 1.52 | 1.32 | +0.19 |
Calmar ratioReturn relative to maximum drawdown | 1.85 | 2.43 | -0.59 |
Martin ratioReturn relative to average drawdown | 7.26 | 10.15 | -2.89 |
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
| TEPAX | ABALX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.75 | 1.56 | +0.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | 0.79 | -0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.73 | 0.87 | -0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.83 | 0.79 | +0.04 |
Correlation
The correlation between TEPAX and ABALX is 0.05, 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
TEPAX vs. ABALX - Dividend Comparison
TEPAX's dividend yield for the trailing twelve months is around 2.40%, less than ABALX's 8.39% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TEPAX American Funds Tax-Exempt Preservation Portfolio | 2.40% | 2.39% | 2.44% | 1.96% | 1.11% | 0.87% | 1.44% | 1.79% | 1.72% | 1.79% | 2.22% | 2.36% |
ABALX American Funds American Balanced Fund Class A | 8.39% | 8.27% | 6.87% | 2.05% | 2.30% | 4.30% | 4.35% | 3.49% | 5.49% | 4.72% | 4.24% | 5.60% |
Drawdowns
TEPAX vs. ABALX - Drawdown Comparison
The maximum TEPAX drawdown since its inception was -7.13%, smaller than the maximum ABALX drawdown of -40.20%. Use the drawdown chart below to compare losses from any high point for TEPAX and ABALX.
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Drawdown Indicators
| TEPAX | ABALX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.13% | -40.20% | +33.07% |
Max Drawdown (1Y)Largest decline over 1 year | -2.07% | -7.33% | +5.26% |
Max Drawdown (5Y)Largest decline over 5 years | -7.12% | -18.76% | +11.64% |
Max Drawdown (10Y)Largest decline over 10 years | -7.13% | -22.34% | +15.21% |
Current DrawdownCurrent decline from peak | -1.62% | -5.37% | +3.75% |
Average DrawdownAverage peak-to-trough decline | -1.25% | -3.86% | +2.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.53% | 1.76% | -1.23% |
Volatility
TEPAX vs. ABALX - Volatility Comparison
The current volatility for American Funds Tax-Exempt Preservation Portfolio (TEPAX) is 0.62%, while American Funds American Balanced Fund Class A (ABALX) has a volatility of 3.89%. This indicates that TEPAX experiences smaller price fluctuations and is considered to be less risky than ABALX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TEPAX | ABALX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.62% | 3.89% | -3.27% |
Volatility (6M)Calculated over the trailing 6-month period | 0.99% | 6.96% | -5.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.14% | 11.22% | -9.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.93% | 10.45% | -8.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.06% | 10.63% | -8.57% |