TEPAX vs. SGOV
Compare and contrast key facts about American Funds Tax-Exempt Preservation Portfolio (TEPAX) and iShares 0-3 Month Treasury Bond ETF (SGOV).
TEPAX is managed by American Funds. It was launched on May 17, 2012. SGOV is a passively managed fund by iShares that tracks the performance of the ICE 0-3 Month US Treasury Bill Index. It was launched on May 26, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TEPAX or SGOV.
Performance
TEPAX vs. SGOV - Performance Comparison
Returns By Period
In the year-to-date period, TEPAX achieves a 2.39% return, which is significantly lower than SGOV's 4.75% return.
TEPAX
2.39%
0.09%
2.88%
4.67%
0.97%
1.33%
SGOV
4.75%
0.38%
2.53%
5.31%
N/A
N/A
Key characteristics
| TEPAX | SGOV | |
|---|---|---|
| Sharpe Ratio | 2.50 | 21.74 |
| Sortino Ratio | 3.83 | 523.74 |
| Omega Ratio | 1.64 | 524.74 |
| Calmar Ratio | 1.33 | 537.55 |
| Martin Ratio | 11.66 | 8,533.31 |
| Ulcer Index | 0.41% | 0.00% |
| Daily Std Dev | 1.91% | 0.25% |
| Max Drawdown | -7.13% | -0.03% |
| Current Drawdown | -0.53% | 0.00% |
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TEPAX vs. SGOV - Expense Ratio Comparison
TEPAX has a 0.34% expense ratio, which is higher than SGOV's 0.03% expense ratio.
Correlation
The correlation between TEPAX and SGOV is 0.06, 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.
Risk-Adjusted Performance
TEPAX vs. SGOV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds Tax-Exempt Preservation Portfolio (TEPAX) and iShares 0-3 Month Treasury Bond ETF (SGOV). 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. SGOV - Dividend Comparison
TEPAX's dividend yield for the trailing twelve months is around 2.24%, less than SGOV's 5.24% 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% |
SGOV iShares 0-3 Month Treasury Bond ETF | 5.24% | 4.87% | 1.45% | 0.03% | 0.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
TEPAX vs. SGOV - Drawdown Comparison
The maximum TEPAX drawdown since its inception was -7.13%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for TEPAX and SGOV. For additional features, visit the drawdowns tool.
Volatility
TEPAX vs. SGOV - Volatility Comparison
American Funds Tax-Exempt Preservation Portfolio (TEPAX) has a higher volatility of 0.81% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.08%. This indicates that TEPAX's price experiences larger fluctuations and is considered to be riskier than SGOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.