TEPAX vs. ASTEX
Compare and contrast key facts about American Funds Tax-Exempt Preservation Portfolio (TEPAX) and American Funds Short-Term Tax Exempt Bond Fund (ASTEX).
TEPAX is managed by American Funds. It was launched on May 17, 2012. ASTEX is managed by American Funds. It was launched on Aug 6, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TEPAX or ASTEX.
Performance
TEPAX vs. ASTEX - Performance Comparison
Returns By Period
In the year-to-date period, TEPAX achieves a 2.28% return, which is significantly lower than ASTEX's 2.43% return. Over the past 10 years, TEPAX has outperformed ASTEX with an annualized return of 1.32%, while ASTEX has yielded a comparatively lower 1.07% annualized return.
TEPAX
2.28%
-0.12%
2.56%
4.68%
0.95%
1.32%
ASTEX
2.43%
-0.08%
2.66%
4.51%
1.02%
1.07%
Key characteristics
| TEPAX | ASTEX | |
|---|---|---|
| Sharpe Ratio | 2.45 | 2.65 |
| Sortino Ratio | 3.74 | 4.49 |
| Omega Ratio | 1.62 | 1.78 |
| Calmar Ratio | 1.26 | 1.75 |
| Martin Ratio | 11.43 | 13.35 |
| Ulcer Index | 0.41% | 0.34% |
| Daily Std Dev | 1.91% | 1.70% |
| Max Drawdown | -7.13% | -5.66% |
| Current Drawdown | -0.63% | -0.58% |
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TEPAX vs. ASTEX - Expense Ratio Comparison
TEPAX has a 0.34% expense ratio, which is lower than ASTEX's 0.53% expense ratio.
Correlation
The correlation between TEPAX and ASTEX is 0.60, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
TEPAX vs. ASTEX - 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 Short-Term Tax Exempt Bond Fund (ASTEX). 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. ASTEX - Dividend Comparison
TEPAX's dividend yield for the trailing twelve months is around 2.24%, less than ASTEX's 2.47% 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% |
ASTEX American Funds Short-Term Tax Exempt Bond Fund | 2.47% | 2.09% | 1.07% | 0.50% | 1.04% | 1.51% | 1.44% | 1.23% | 1.07% | 1.03% | 1.05% | 1.10% |
Drawdowns
TEPAX vs. ASTEX - Drawdown Comparison
The maximum TEPAX drawdown since its inception was -7.13%, which is greater than ASTEX's maximum drawdown of -5.66%. Use the drawdown chart below to compare losses from any high point for TEPAX and ASTEX. For additional features, visit the drawdowns tool.
Volatility
TEPAX vs. ASTEX - Volatility Comparison
American Funds Tax-Exempt Preservation Portfolio (TEPAX) has a higher volatility of 0.92% compared to American Funds Short-Term Tax Exempt Bond Fund (ASTEX) at 0.75%. This indicates that TEPAX's price experiences larger fluctuations and is considered to be riskier than ASTEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.