ACTHX vs. CAPAX
Compare and contrast key facts about Invesco High Yield Municipal Fund (ACTHX) and Federated Hermes Capital Income Fund (CAPAX).
ACTHX is managed by Invesco. It was launched on Jan 1, 1986. CAPAX is managed by Federated. It was launched on May 26, 1988.
Performance
ACTHX vs. CAPAX - Performance Comparison
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ACTHX vs. CAPAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ACTHX Invesco High Yield Municipal Fund | -0.69% | 4.38% | 5.54% | 4.34% | -13.94% | 6.29% | 3.25% | 10.12% | 1.44% | 9.10% |
CAPAX Federated Hermes Capital Income Fund | -2.93% | 11.88% | 10.21% | 10.51% | -12.43% | 9.72% | 9.48% | 15.70% | -7.13% | 10.05% |
Returns By Period
In the year-to-date period, ACTHX achieves a -0.69% return, which is significantly higher than CAPAX's -2.93% return. Over the past 10 years, ACTHX has underperformed CAPAX with an annualized return of 2.70%, while CAPAX has yielded a comparatively higher 5.67% annualized return.
ACTHX
- 1D
- 0.37%
- 1M
- -2.63%
- YTD
- -0.69%
- 6M
- 0.53%
- 1Y
- 2.42%
- 3Y*
- 3.60%
- 5Y*
- 0.51%
- 10Y*
- 2.70%
CAPAX
- 1D
- 0.00%
- 1M
- -4.40%
- YTD
- -2.93%
- 6M
- -0.10%
- 1Y
- 9.31%
- 3Y*
- 9.04%
- 5Y*
- 4.23%
- 10Y*
- 5.67%
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ACTHX vs. CAPAX - Expense Ratio Comparison
ACTHX has a 1.39% expense ratio, which is higher than CAPAX's 0.88% expense ratio.
Return for Risk
ACTHX vs. CAPAX — Risk / Return Rank
ACTHX
CAPAX
ACTHX vs. CAPAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco High Yield Municipal Fund (ACTHX) and Federated Hermes Capital Income Fund (CAPAX). 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.
| ACTHX | CAPAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.56 | 1.23 | -0.66 |
Sortino ratioReturn per unit of downside risk | 0.82 | 1.64 | -0.82 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.30 | -0.14 |
Calmar ratioReturn relative to maximum drawdown | 0.61 | 1.41 | -0.80 |
Martin ratioReturn relative to average drawdown | 1.70 | 6.58 | -4.88 |
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
| ACTHX | CAPAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.56 | 1.23 | -0.66 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.09 | 0.55 | -0.46 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.51 | 0.66 | -0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.09 | 0.63 | +0.46 |
Correlation
The correlation between ACTHX and CAPAX is 0.08, 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
ACTHX vs. CAPAX - Dividend Comparison
ACTHX's dividend yield for the trailing twelve months is around 5.44%, more than CAPAX's 3.81% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ACTHX Invesco High Yield Municipal Fund | 5.44% | 7.14% | 5.64% | 4.22% | 4.72% | 3.95% | 4.33% | 4.70% | 4.78% | 4.71% | 5.11% | 4.93% |
CAPAX Federated Hermes Capital Income Fund | 3.81% | 3.33% | 3.24% | 3.36% | 3.70% | 3.31% | 3.43% | 3.62% | 4.42% | 3.91% | 4.23% | 5.54% |
Drawdowns
ACTHX vs. CAPAX - Drawdown Comparison
The maximum ACTHX drawdown since its inception was -27.29%, smaller than the maximum CAPAX drawdown of -46.13%. Use the drawdown chart below to compare losses from any high point for ACTHX and CAPAX.
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Drawdown Indicators
| ACTHX | CAPAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.29% | -46.13% | +18.84% |
Max Drawdown (1Y)Largest decline over 1 year | -6.45% | -6.16% | -0.29% |
Max Drawdown (5Y)Largest decline over 5 years | -19.83% | -17.75% | -2.08% |
Max Drawdown (10Y)Largest decline over 10 years | -19.83% | -23.36% | +3.53% |
Current DrawdownCurrent decline from peak | -2.63% | -4.44% | +1.81% |
Average DrawdownAverage peak-to-trough decline | -3.57% | -5.82% | +2.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.32% | 1.32% | +1.00% |
Volatility
ACTHX vs. CAPAX - Volatility Comparison
The current volatility for Invesco High Yield Municipal Fund (ACTHX) is 1.24%, while Federated Hermes Capital Income Fund (CAPAX) has a volatility of 2.25%. This indicates that ACTHX experiences smaller price fluctuations and is considered to be less risky than CAPAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ACTHX | CAPAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.24% | 2.25% | -1.01% |
Volatility (6M)Calculated over the trailing 6-month period | 2.21% | 4.27% | -2.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.89% | 7.43% | -0.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.67% | 7.78% | -2.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.36% | 8.61% | -3.25% |