TEPAX vs. AMECX
Compare and contrast key facts about American Funds Tax-Exempt Preservation Portfolio (TEPAX) and American Funds The Income Fund of America Class A (AMECX).
TEPAX is managed by American Funds. It was launched on May 17, 2012. AMECX is managed by American Funds. It was launched on Dec 1, 1973.
Performance
TEPAX vs. AMECX - Performance Comparison
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TEPAX vs. AMECX - 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% |
AMECX American Funds The Income Fund of America Class A | 2.83% | 17.77% | 10.84% | 6.79% | -6.40% | 17.37% | 4.49% | 18.50% | -5.27% | 12.58% |
Returns By Period
In the year-to-date period, TEPAX achieves a -0.02% return, which is significantly lower than AMECX's 2.83% return. Over the past 10 years, TEPAX has underperformed AMECX with an annualized return of 1.51%, while AMECX has yielded a comparatively higher 8.35% 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%
AMECX
- 1D
- 1.33%
- 1M
- -4.18%
- YTD
- 2.83%
- 6M
- 5.30%
- 1Y
- 15.39%
- 3Y*
- 12.45%
- 5Y*
- 8.08%
- 10Y*
- 8.35%
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TEPAX vs. AMECX - Expense Ratio Comparison
TEPAX has a 0.34% expense ratio, which is lower than AMECX's 0.56% expense ratio.
Return for Risk
TEPAX vs. AMECX — Risk / Return Rank
TEPAX
AMECX
TEPAX vs. AMECX - 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 The Income Fund of America Class A (AMECX). 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 | AMECX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.75 | 1.65 | +0.09 |
Sortino ratioReturn per unit of downside risk | 2.30 | 2.27 | +0.03 |
Omega ratioGain probability vs. loss probability | 1.52 | 1.34 | +0.17 |
Calmar ratioReturn relative to maximum drawdown | 1.85 | 1.97 | -0.12 |
Martin ratioReturn relative to average drawdown | 7.26 | 9.13 | -1.87 |
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 | AMECX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.75 | 1.65 | +0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | 0.86 | -0.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.73 | 0.79 | -0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.83 | 0.72 | +0.11 |
Correlation
The correlation between TEPAX and AMECX is 0.04, 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. AMECX - Dividend Comparison
TEPAX's dividend yield for the trailing twelve months is around 2.40%, less than AMECX's 9.73% 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% |
AMECX American Funds The Income Fund of America Class A | 9.73% | 9.94% | 6.38% | 2.93% | 6.98% | 6.67% | 2.80% | 5.01% | 7.48% | 4.26% | 3.09% | 5.09% |
Drawdowns
TEPAX vs. AMECX - Drawdown Comparison
The maximum TEPAX drawdown since its inception was -7.13%, smaller than the maximum AMECX drawdown of -41.92%. Use the drawdown chart below to compare losses from any high point for TEPAX and AMECX.
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Drawdown Indicators
| TEPAX | AMECX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.13% | -41.92% | +34.79% |
Max Drawdown (1Y)Largest decline over 1 year | -2.07% | -8.19% | +6.12% |
Max Drawdown (5Y)Largest decline over 5 years | -7.12% | -15.78% | +8.66% |
Max Drawdown (10Y)Largest decline over 10 years | -7.13% | -26.13% | +19.00% |
Current DrawdownCurrent decline from peak | -1.62% | -4.48% | +2.86% |
Average DrawdownAverage peak-to-trough decline | -1.25% | -4.46% | +3.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.53% | 1.77% | -1.24% |
Volatility
TEPAX vs. AMECX - Volatility Comparison
The current volatility for American Funds Tax-Exempt Preservation Portfolio (TEPAX) is 0.62%, while American Funds The Income Fund of America Class A (AMECX) has a volatility of 3.35%. This indicates that TEPAX experiences smaller price fluctuations and is considered to be less risky than AMECX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TEPAX | AMECX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.62% | 3.35% | -2.73% |
Volatility (6M)Calculated over the trailing 6-month period | 0.99% | 5.64% | -4.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.14% | 9.54% | -7.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.93% | 9.45% | -7.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.06% | 10.67% | -8.61% |