AMHIX Alternatives & Similar Mutual Funds

American High-Income Municipal Bond Fund (AMHIX) belongs to the High Yield Muni category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with AMHIX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to AMHIX

AMHIX charges 0.63% annually. There are 22 mutual funds in the High Yield Muni category with lower expense ratios, going as low as 0.09%.

Symbol	Name	Expense Ratio	AUM	Inception
VWALX	Vanguard High-Yield Tax-Exempt Fund Admiral Shares	0.09%	17.60B	Nov 2001	AMHIX vs VWALX
BATEX	BlackRock Allocation Target Shares Series E Portfo...	0.11%	—	Aug 2014	AMHIX vs BATEX
VWAHX	Vanguard High-Yield Tax-Exempt Fund Investor Share...	0.17%	17.60B	Dec 1978	AMHIX vs VWAHX
EWHYX	Eaton Vance High Yield Municipal Income Fund Class...	0.18%	—	May 2007	AMHIX vs EWHYX
HIMFX	American High-Income Municipal Bond Fund Class F-3	0.31%	—	Jan 2017	AMHIX vs HIMFX

Best Risk-Adjusted Alternatives to AMHIX

AMHIX has a PortfoliosLab risk / return rank of 78. There are 10 mutual funds in the High Yield Muni category with higher risk-adjusted ranks, going as high as 93.

Symbol	Name	Risk / Return Rank	AUM	Inception
PRFHX	T. Rowe Price Tax Free High Yield Fund	93	—	Feb 1985	AMHIX vs PRFHX
FHTFX	Federated Hermes Municipal High Yield Advtg Fd	91	—	Apr 1987	AMHIX vs FHTFX
ISHYX	Invesco Short Duration High Yield Municipal Fund	90	—	Sep 2015	AMHIX vs ISHYX
SRHMX	Columbia High Yield Municipal Fund	83	—	Mar 1984	AMHIX vs SRHMX
EWHYX	Eaton Vance High Yield Municipal Income Fund Class...	82	—	May 2007	AMHIX vs EWHYX

Top Performing AMHIX Alternatives (YTD)

AMHIX is at 2.43% YTD. There are 36 mutual funds in the High Yield Muni category with higher YTD returns, going as high as 5.27%.

Symbol	Name	YTD Return	AUM	Inception
NMZ	Nuveen Municipal High Income Opportunity Fund	5.27%	—	Nov 2003	AMHIX vs NMZ
EWHYX	Eaton Vance High Yield Municipal Income Fund Class...	3.60%	—	May 2007	AMHIX vs EWHYX
NHMFX	Nuveen High Yield Municipal Bond Fund Class R6	3.49%	—	Jun 2016	AMHIX vs NHMFX
NHMRX	Nuveen High Yield Municipal Bond Fund	3.47%	—	Jun 1999	AMHIX vs NHMRX
NHMAX	Nuveen High Yield Municipal Bond Fund Class A	3.38%	—	Jun 1999	AMHIX vs NHMAX

Lowest Volatility Alternatives to AMHIX

AMHIX has 3.00% 1-year volatility. There are 9 mutual funds in the High Yield Muni category with lower 1-year volatility, going as low as 2.01%.

Symbol	Name	Volatility 1Y	AUM	Inception
RWMIX	Redwood Managed Municipal Income Fund	2.01%	—	Mar 2017	AMHIX vs RWMIX
SDHIX	Lord Abbett Short Duration High Income Municipal B...	2.06%	—	Jun 2015	AMHIX vs SDHIX
NVHIX	Nuveen Short Duration High Yield Municipal Bond Fu...	2.24%	—	Jan 2013	AMHIX vs NVHIX
ISHYX	Invesco Short Duration High Yield Municipal Fund	2.29%	—	Sep 2015	AMHIX vs ISHYX
TMNIX	Counterpoint Tactical Municipal Fund	2.55%	—	Jun 2018	AMHIX vs TMNIX

Lowest Drawdown Alternatives to AMHIX

AMHIX has a 1-year max drawdown of -2.76%. There are 15 mutual funds in the High Yield Muni category with shallower 1-year drawdowns, going as shallow as -1.80%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
NVHIX	Nuveen Short Duration High Yield Municipal Bond Fu...	-1.80%	—	Jan 2013	AMHIX vs NVHIX
ISHYX	Invesco Short Duration High Yield Municipal Fund	-1.89%	—	Sep 2015	AMHIX vs ISHYX
AHYMX	abrdn Short Duration High Yield Municipal Fund	-1.98%	—	May 2013	AMHIX vs AHYMX
SDHIX	Lord Abbett Short Duration High Income Municipal B...	-2.08%	—	Jun 2015	AMHIX vs SDHIX
TMNIX	Counterpoint Tactical Municipal Fund	-2.26%	—	Jun 2018	AMHIX vs TMNIX

Other Mutual Funds from American Funds

The 10 most viewed American Funds mutual funds shown here include ABALX, AIVSX, AWSHX and span 7 categories.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
ABALX	American Funds American Balanced Fund Class A	Diversified Portfolio	83	9.77%	—	Jul 1975	AMHIX vs ABALX
AIVSX	American Funds Investment Company of America Class...	Large Cap Blend Equities	47	9.70%	—	Jan 1934	AMHIX vs AIVSX
AWSHX	American Funds Washington Mutual Investors Fund Cl...	Large Cap Blend Equities	40	5.96%	—	Jul 1952	AMHIX vs AWSHX
RGAGX	American Funds The Growth Fund of America Class R-...	Large Cap Growth Equities	30	9.46%	—	Dec 1973	AMHIX vs RGAGX
RERGX	American Funds EUPAC Fund Class R-6	Foreign Large Cap Equities, Large Cap Growth Equities, Actively Managed	43	12.66%	—	May 2009	AMHIX vs RERGX
ANCFX	American Funds Fundamental Investors Class A	Large Cap Blend Equities, Actively Managed	70	14.88%	—	Aug 1978	AMHIX vs ANCFX
ANWPX	American Funds New Perspective Fund Class A	Global Equities, Large Cap Growth Equities, Actively Managed	27	6.61%	—	Mar 1973	AMHIX vs ANWPX
GFFFX	American Funds The Growth Fund of America Class F-...	Large Cap Growth Equities	30	9.40%	—	Dec 1973	AMHIX vs GFFFX
AMECX	American Funds The Income Fund of America Class A	Diversified Portfolio, Dividend	46	5.48%	—	Dec 1973	AMHIX vs AMECX
AMCPX	American Funds AMCAP Fund Class A	Large Cap Growth Equities	23	5.53%	—	Jan 1967	AMHIX vs AMCPX

Often Compared With AMHIX

Investors most often compare AMHIX with AFTEX, ORNAX, HHMIX. These 20 comparison targets span 8 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
AFTEX	American Funds Tax Exempt Bond Fund	Municipal Bonds	70	1.66%	—	Oct 1979	AMHIX vs AFTEX
ORNAX	Invesco Rochester Municipal Opportunities Fund	High Yield Muni	40	1.99%	—	Sep 1993	AMHIX vs ORNAX
HHMIX	Hartford Municipal Opportunities Fund	Municipal Bonds	67	1.46%	—	May 2007	AMHIX vs HHMIX
LTEBX	American Funds Limited Term Tax-Exempt Bond Fund	Municipal Bonds	66	0.93%	—	Oct 1993	AMHIX vs LTEBX
AMUSX	American Funds U.S. Government Securities Fund	Government Bonds	12	-0.60%	—	Oct 1985	AMHIX vs AMUSX
FLMI	Franklin Liberty Federal Intermediate Tax-Free Bon...	Municipal Bonds	78	2.51%	2.24B	Aug 2017	AMHIX vs FLMI
VTEB	Vanguard Tax-Exempt Bond ETF	Municipal Bonds	73	1.72%	47.60B	Aug 2015	AMHIX vs VTEB
MGK	Vanguard Mega Cap Growth ETF	Large Cap Growth Equities	39	5.89%	35.00B	Dec 2007	AMHIX vs MGK
SHYTX	DWS Strategic High Yield Tax	High Yield Muni	65	2.18%	—	Jan 1987	AMHIX vs SHYTX
CGMU	Capital Group Municipal Income ETF	Municipal Bonds	74	1.72%	6.23B	Oct 2022	AMHIX vs CGMU
FSMNX	Fidelity SAI Municipal Income Fund	Municipal Bonds	69	1.71%	—	Oct 2018	AMHIX vs FSMNX
VOO	Vanguard S&P 500 ETF	S&P 500	68	9.75%	1.70T	Sep 2010	AMHIX vs VOO
SCHD	Schwab U.S. Dividend Equity ETF	Dividend	76	17.24%	99.95B	Oct 2011	AMHIX vs SCHD
RTHAX	Russell Investments Tax-Exempt High Yield Bond Fun...	High Yield Muni	68	2.98%	—	May 2015	AMHIX vs RTHAX
AHMFX	American High-Income Municipal Bond Fund Class F-2	High Yield Muni	80	2.52%	—	Aug 2008	AMHIX vs AHMFX
FQTHX	Franklin Templeton SMACS: Series H	High Yield Muni	77	3.32%	—	Jun 2019	AMHIX vs FQTHX
STMYX	Sierra Tactical Municipal Fund	High Yield Muni	61	2.16%	—	Dec 2018	AMHIX vs STMYX
ABNFX	American Funds The Bond Fund of America® Class F-2	Intermediate Core Bond	19	0.10%	—	Aug 2008	AMHIX vs ABNFX
DHMBX	BNY Mellon High Yield Municipal Bond Fund	High Yield Muni	68	3.32%	—	Sep 2005	AMHIX vs DHMBX
JMST	JPMorgan Ultra-Short Municipal Income ETF	Ultrashort Bond	98	1.11%	6.59B	Oct 2018	AMHIX vs JMST

Compare AMHIX with Any Fund or Stock

Compare AMHIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

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Diversifiers

Pair AMHIX with funds that move differently

American High-Income Municipal Bond Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to AMHIX.

Explore AMHIX Diversifiers

American High-Income Municipal Bond Fund (AMHIX) Alternatives