ABNFX vs. AMHIX
Compare and contrast key facts about American Funds The Bond Fund of America® Class F-2 (ABNFX) and American High-Income Municipal Bond Fund (AMHIX).
ABNFX is managed by American Funds. It was launched on Aug 4, 2008. AMHIX is managed by American Funds. It was launched on Sep 25, 1994.
Performance
ABNFX vs. AMHIX - Performance Comparison
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ABNFX vs. AMHIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ABNFX American Funds The Bond Fund of America® Class F-2 | -0.82% | 7.42% | 1.42% | 4.29% | -13.08% | -0.88% | 10.86% | 8.08% | 0.15% | 3.48% |
AMHIX American High-Income Municipal Bond Fund | -0.51% | 5.70% | 6.19% | 7.18% | -12.59% | 5.28% | 4.39% | 8.88% | 1.59% | 8.89% |
Returns By Period
In the year-to-date period, ABNFX achieves a -0.82% return, which is significantly lower than AMHIX's -0.51% return. Over the past 10 years, ABNFX has underperformed AMHIX with an annualized return of 1.93%, while AMHIX has yielded a comparatively higher 3.20% annualized return.
ABNFX
- 1D
- 0.45%
- 1M
- -2.51%
- YTD
- -0.82%
- 6M
- 0.27%
- 1Y
- 3.61%
- 3Y*
- 3.09%
- 5Y*
- 0.00%
- 10Y*
- 1.93%
AMHIX
- 1D
- 0.07%
- 1M
- -2.70%
- YTD
- -0.51%
- 6M
- 1.18%
- 1Y
- 3.94%
- 3Y*
- 5.30%
- 5Y*
- 1.65%
- 10Y*
- 3.20%
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ABNFX vs. AMHIX - Expense Ratio Comparison
ABNFX has a 0.35% expense ratio, which is lower than AMHIX's 0.63% expense ratio.
Return for Risk
ABNFX vs. AMHIX — Risk / Return Rank
ABNFX
AMHIX
ABNFX vs. AMHIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds The Bond Fund of America® Class F-2 (ABNFX) and American High-Income Municipal Bond Fund (AMHIX). 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.
| ABNFX | AMHIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.96 | 0.77 | +0.19 |
Sortino ratioReturn per unit of downside risk | 1.38 | 1.04 | +0.34 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.23 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 1.61 | 0.94 | +0.68 |
Martin ratioReturn relative to average drawdown | 4.66 | 3.04 | +1.62 |
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
| ABNFX | AMHIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.96 | 0.77 | +0.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.00 | 0.35 | -0.35 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.40 | 0.71 | -0.32 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 1.39 | -0.74 |
Correlation
The correlation between ABNFX and AMHIX is 0.49, 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.
Dividends
ABNFX vs. AMHIX - Dividend Comparison
ABNFX's dividend yield for the trailing twelve months is around 4.02%, which matches AMHIX's 4.03% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ABNFX American Funds The Bond Fund of America® Class F-2 | 4.02% | 4.37% | 4.55% | 3.19% | 2.37% | 2.07% | 5.15% | 3.72% | 2.65% | 2.10% | 2.31% | 2.24% |
AMHIX American High-Income Municipal Bond Fund | 4.03% | 5.26% | 3.80% | 3.10% | 2.53% | 3.23% | 3.40% | 3.46% | 3.67% | 4.01% | 3.55% | 4.03% |
Drawdowns
ABNFX vs. AMHIX - Drawdown Comparison
The maximum ABNFX drawdown since its inception was -17.69%, smaller than the maximum AMHIX drawdown of -21.74%. Use the drawdown chart below to compare losses from any high point for ABNFX and AMHIX.
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Drawdown Indicators
| ABNFX | AMHIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.69% | -21.74% | +4.05% |
Max Drawdown (1Y)Largest decline over 1 year | -2.94% | -5.60% | +2.66% |
Max Drawdown (5Y)Largest decline over 5 years | -17.65% | -17.81% | +0.16% |
Max Drawdown (10Y)Largest decline over 10 years | -17.69% | -17.81% | +0.12% |
Current DrawdownCurrent decline from peak | -2.91% | -2.70% | -0.21% |
Average DrawdownAverage peak-to-trough decline | -3.30% | -2.13% | -1.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.02% | 1.72% | -0.70% |
Volatility
ABNFX vs. AMHIX - Volatility Comparison
American Funds The Bond Fund of America® Class F-2 (ABNFX) has a higher volatility of 1.51% compared to American High-Income Municipal Bond Fund (AMHIX) at 1.08%. This indicates that ABNFX's price experiences larger fluctuations and is considered to be riskier than AMHIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ABNFX | AMHIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.51% | 1.08% | +0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 2.48% | 1.84% | +0.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.39% | 6.43% | -2.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.91% | 4.80% | +1.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.87% | 4.51% | +0.36% |