TEPAX vs. ASBAX
Compare and contrast key facts about American Funds Tax-Exempt Preservation Portfolio (TEPAX) and American Funds Short-Term Bond Fund of America (ASBAX).
TEPAX is managed by American Funds. It was launched on May 17, 2012. ASBAX is managed by American Funds. It was launched on Oct 2, 2006.
Performance
TEPAX vs. ASBAX - Performance Comparison
Loading graphics...
TEPAX vs. ASBAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TEPAX American Funds Tax-Exempt Preservation Portfolio | -0.13% | 4.36% | 2.14% | 3.63% | -4.36% | -0.03% | 3.52% | 4.14% | 0.90% | 2.43% |
ASBAX American Funds Short-Term Bond Fund of America | -0.26% | 5.05% | 4.31% | 3.60% | -4.16% | -0.88% | 3.53% | 2.81% | 1.10% | 0.91% |
Returns By Period
In the year-to-date period, TEPAX achieves a -0.13% return, which is significantly higher than ASBAX's -0.26% return. Both investments have delivered pretty close results over the past 10 years, with TEPAX having a 1.50% annualized return and ASBAX not far ahead at 1.57%.
TEPAX
- 1D
- 0.10%
- 1M
- -1.72%
- YTD
- -0.13%
- 6M
- 0.56%
- 1Y
- 3.61%
- 3Y*
- 2.84%
- 5Y*
- 1.12%
- 10Y*
- 1.50%
ASBAX
- 1D
- 0.10%
- 1M
- -0.93%
- YTD
- -0.26%
- 6M
- 0.79%
- 1Y
- 3.11%
- 3Y*
- 3.72%
- 5Y*
- 1.51%
- 10Y*
- 1.57%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
TEPAX vs. ASBAX - Expense Ratio Comparison
TEPAX has a 0.34% expense ratio, which is lower than ASBAX's 0.66% expense ratio.
Return for Risk
TEPAX vs. ASBAX — Risk / Return Rank
TEPAX
ASBAX
TEPAX vs. ASBAX - 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 Short-Term Bond Fund of America (ASBAX). 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 | ASBAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.75 | 1.81 | -0.06 |
Sortino ratioReturn per unit of downside risk | 2.31 | 3.19 | -0.88 |
Omega ratioGain probability vs. loss probability | 1.52 | 1.44 | +0.08 |
Calmar ratioReturn relative to maximum drawdown | 1.90 | 2.95 | -1.05 |
Martin ratioReturn relative to average drawdown | 7.61 | 11.57 | -3.96 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| TEPAX | ASBAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.75 | 1.81 | -0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.58 | 0.69 | -0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.73 | 0.87 | -0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.83 | 0.96 | -0.13 |
Correlation
The correlation between TEPAX and ASBAX is 0.32, 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. ASBAX - Dividend Comparison
TEPAX's dividend yield for the trailing twelve months is around 2.41%, less than ASBAX's 3.50% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TEPAX American Funds Tax-Exempt Preservation Portfolio | 2.41% | 2.39% | 2.44% | 1.96% | 1.11% | 0.87% | 1.44% | 1.79% | 1.72% | 1.79% | 2.22% | 2.36% |
ASBAX American Funds Short-Term Bond Fund of America | 3.50% | 3.87% | 3.99% | 2.88% | 1.02% | 0.42% | 2.08% | 1.66% | 1.70% | 1.21% | 0.83% | 1.21% |
Drawdowns
TEPAX vs. ASBAX - Drawdown Comparison
The maximum TEPAX drawdown since its inception was -7.13%, which is greater than ASBAX's maximum drawdown of -6.29%. Use the drawdown chart below to compare losses from any high point for TEPAX and ASBAX.
Loading graphics...
Drawdown Indicators
| TEPAX | ASBAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.13% | -6.29% | -0.84% |
Max Drawdown (1Y)Largest decline over 1 year | -2.07% | -1.24% | -0.83% |
Max Drawdown (5Y)Largest decline over 5 years | -7.12% | -6.23% | -0.89% |
Max Drawdown (10Y)Largest decline over 10 years | -7.13% | -6.29% | -0.84% |
Current DrawdownCurrent decline from peak | -1.72% | -0.93% | -0.79% |
Average DrawdownAverage peak-to-trough decline | -1.25% | -0.68% | -0.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.52% | 0.32% | +0.20% |
Volatility
TEPAX vs. ASBAX - Volatility Comparison
American Funds Tax-Exempt Preservation Portfolio (TEPAX) and American Funds Short-Term Bond Fund of America (ASBAX) have volatilities of 0.61% and 0.60%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| TEPAX | ASBAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.61% | 0.60% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 0.98% | 1.22% | -0.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.14% | 1.93% | +0.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.93% | 2.20% | -0.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.06% | 1.81% | +0.25% |