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 CRSP US Mega Cap Growth Index. It was launched on Dec 17, 2007.
Performance
TEPAX vs. MGK - Performance Comparison
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TEPAX vs. MGK - 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% |
MGK Vanguard Mega Cap Growth ETF | -9.86% | 20.67% | 32.94% | 51.67% | -33.59% | 28.58% | 41.01% | 37.38% | -2.91% | 29.49% |
Returns By Period
In the year-to-date period, TEPAX achieves a -0.02% return, which is significantly higher than MGK's -9.86% return. Over the past 10 years, TEPAX has underperformed MGK with an annualized return of 1.51%, while MGK has yielded a comparatively higher 16.97% 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%
MGK
- 1D
- 1.17%
- 1M
- -4.13%
- YTD
- -9.86%
- 6M
- -7.94%
- 1Y
- 19.83%
- 3Y*
- 22.59%
- 5Y*
- 12.64%
- 10Y*
- 16.97%
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TEPAX vs. MGK - Expense Ratio Comparison
TEPAX has a 0.34% expense ratio, which is higher than MGK's 0.05% expense ratio.
Return for Risk
TEPAX vs. MGK — Risk / Return Rank
TEPAX
MGK
TEPAX vs. MGK - Risk-Adjusted Trends 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.
| TEPAX | MGK | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.75 | 0.85 | +0.89 |
Sortino ratioReturn per unit of downside risk | 2.30 | 1.39 | +0.92 |
Omega ratioGain probability vs. loss probability | 1.52 | 1.19 | +0.32 |
Calmar ratioReturn relative to maximum drawdown | 1.85 | 1.23 | +0.61 |
Martin ratioReturn relative to average drawdown | 7.26 | 4.27 | +2.99 |
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 | MGK | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.75 | 0.85 | +0.89 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | 0.56 | +0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.73 | 0.78 | -0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.83 | 0.60 | +0.23 |
Correlation
The correlation between TEPAX and MGK is 0.00, 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. MGK - Dividend Comparison
TEPAX's dividend yield for the trailing twelve months is around 2.40%, more than MGK's 0.39% 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% |
MGK Vanguard Mega Cap Growth ETF | 0.39% | 0.35% | 0.43% | 0.50% | 0.70% | 0.41% | 0.65% | 0.85% | 1.12% | 1.23% | 1.53% | 1.43% |
Drawdowns
TEPAX vs. MGK - Drawdown Comparison
The maximum TEPAX drawdown since its inception was -7.13%, smaller than the maximum MGK drawdown of -47.97%. Use the drawdown chart below to compare losses from any high point for TEPAX and MGK.
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Drawdown Indicators
| TEPAX | MGK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.13% | -47.97% | +40.84% |
Max Drawdown (1Y)Largest decline over 1 year | -2.07% | -16.85% | +14.78% |
Max Drawdown (5Y)Largest decline over 5 years | -7.12% | -36.01% | +28.89% |
Max Drawdown (10Y)Largest decline over 10 years | -7.13% | -36.01% | +28.88% |
Current DrawdownCurrent decline from peak | -1.62% | -12.56% | +10.94% |
Average DrawdownAverage peak-to-trough decline | -1.25% | -7.51% | +6.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.53% | 4.87% | -4.34% |
Volatility
TEPAX vs. MGK - Volatility Comparison
The current volatility for American Funds Tax-Exempt Preservation Portfolio (TEPAX) is 0.62%, while Vanguard Mega Cap Growth ETF (MGK) has a volatility of 7.13%. 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.
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Volatility by Period
| TEPAX | MGK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.62% | 7.13% | -6.51% |
Volatility (6M)Calculated over the trailing 6-month period | 0.99% | 12.93% | -11.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.14% | 23.35% | -21.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.93% | 22.63% | -20.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.06% | 21.82% | -19.76% |