TEPAX vs. MGK
Compare and contrast key facts about American Funds Tax-Exempt Preservation Portfolio (TEPAX) and Vanguard Mega Cap Growth ETF (MGK).
TEPAX is managed by American Funds. It was launched on May 17, 2012. MGK is a passively managed fund by Vanguard that tracks the performance of the MSCI US Large Cap Growth Index. It was launched on Dec 17, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TEPAX or MGK.
Performance
TEPAX vs. MGK - Performance Comparison
Returns By Period
In the year-to-date period, TEPAX achieves a 2.39% return, which is significantly lower than MGK's 29.83% return. Over the past 10 years, TEPAX has underperformed MGK with an annualized return of 1.33%, while MGK has yielded a comparatively higher 16.23% annualized return.
TEPAX
2.39%
0.09%
2.88%
4.67%
0.97%
1.33%
MGK
29.83%
1.82%
14.74%
34.36%
20.06%
16.23%
Key characteristics
| TEPAX | MGK | |
|---|---|---|
| Sharpe Ratio | 2.50 | 2.03 |
| Sortino Ratio | 3.83 | 2.66 |
| Omega Ratio | 1.64 | 1.37 |
| Calmar Ratio | 1.33 | 2.59 |
| Martin Ratio | 11.66 | 9.82 |
| Ulcer Index | 0.41% | 3.57% |
| Daily Std Dev | 1.91% | 17.30% |
| Max Drawdown | -7.13% | -48.36% |
| Current Drawdown | -0.53% | -1.38% |
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TEPAX vs. MGK - Expense Ratio Comparison
TEPAX has a 0.34% expense ratio, which is higher than MGK's 0.07% expense ratio.
Correlation
The correlation between TEPAX and MGK is -0.02. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Risk-Adjusted Performance
TEPAX vs. MGK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds Tax-Exempt Preservation Portfolio (TEPAX) and Vanguard Mega Cap Growth ETF (MGK). 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. MGK - Dividend Comparison
TEPAX's dividend yield for the trailing twelve months is around 2.24%, more than MGK's 0.42% 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% |
MGK Vanguard Mega Cap Growth ETF | 0.42% | 0.50% | 0.70% | 0.41% | 0.65% | 0.85% | 1.12% | 1.23% | 1.53% | 1.43% | 1.25% | 1.29% |
Drawdowns
TEPAX vs. MGK - Drawdown Comparison
The maximum TEPAX drawdown since its inception was -7.13%, smaller than the maximum MGK drawdown of -48.36%. Use the drawdown chart below to compare losses from any high point for TEPAX and MGK. For additional features, visit the drawdowns tool.
Volatility
TEPAX vs. MGK - Volatility Comparison
The current volatility for American Funds Tax-Exempt Preservation Portfolio (TEPAX) is 0.81%, while Vanguard Mega Cap Growth ETF (MGK) has a volatility of 5.40%. This indicates that TEPAX experiences smaller price fluctuations and is considered to be less risky than MGK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.