TEPAX vs. AHITX
Compare and contrast key facts about American Funds Tax-Exempt Preservation Portfolio (TEPAX) and American Funds American High-Income Trust (AHITX).
TEPAX is managed by American Funds. It was launched on May 17, 2012. AHITX is managed by American Funds. It was launched on Feb 19, 1988.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TEPAX or AHITX.
Performance
TEPAX vs. AHITX - Performance Comparison
Returns By Period
In the year-to-date period, TEPAX achieves a 2.28% return, which is significantly lower than AHITX's 8.95% return. Over the past 10 years, TEPAX has underperformed AHITX with an annualized return of 1.32%, while AHITX has yielded a comparatively higher 4.85% annualized return.
TEPAX
2.28%
-0.12%
2.56%
4.68%
0.95%
1.32%
AHITX
8.95%
0.43%
5.63%
14.90%
5.89%
4.85%
Key characteristics
| TEPAX | AHITX | |
|---|---|---|
| Sharpe Ratio | 2.45 | 4.05 |
| Sortino Ratio | 3.74 | 7.23 |
| Omega Ratio | 1.62 | 2.01 |
| Calmar Ratio | 1.26 | 4.33 |
| Martin Ratio | 11.43 | 31.61 |
| Ulcer Index | 0.41% | 0.47% |
| Daily Std Dev | 1.91% | 3.68% |
| Max Drawdown | -7.13% | -34.94% |
| Current Drawdown | -0.63% | -0.30% |
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TEPAX vs. AHITX - Expense Ratio Comparison
TEPAX has a 0.34% expense ratio, which is lower than AHITX's 0.69% expense ratio.
Correlation
The correlation between TEPAX and AHITX is 0.10, 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.
Risk-Adjusted Performance
TEPAX vs. AHITX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds Tax-Exempt Preservation Portfolio (TEPAX) and American Funds American High-Income Trust (AHITX). 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
TEPAX vs. AHITX - Dividend Comparison
TEPAX's dividend yield for the trailing twelve months is around 2.24%, less than AHITX's 6.21% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TEPAX American Funds Tax-Exempt Preservation Portfolio | 2.24% | 1.96% | 1.11% | 0.87% | 1.44% | 1.79% | 1.73% | 1.79% | 2.23% | 2.36% | 2.53% | 2.60% |
AHITX American Funds American High-Income Trust | 6.21% | 6.43% | 5.52% | 4.28% | 5.81% | 6.19% | 6.31% | 5.47% | 5.60% | 6.95% | 6.37% | 6.27% |
Drawdowns
TEPAX vs. AHITX - Drawdown Comparison
The maximum TEPAX drawdown since its inception was -7.13%, smaller than the maximum AHITX drawdown of -34.94%. Use the drawdown chart below to compare losses from any high point for TEPAX and AHITX. For additional features, visit the drawdowns tool.
Volatility
TEPAX vs. AHITX - Volatility Comparison
American Funds Tax-Exempt Preservation Portfolio (TEPAX) has a higher volatility of 0.92% compared to American Funds American High-Income Trust (AHITX) at 0.73%. This indicates that TEPAX's price experiences larger fluctuations and is considered to be riskier than AHITX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.