AHITX vs. MGK
Compare and contrast key facts about American Funds American High-Income Trust (AHITX) and Vanguard Mega Cap Growth ETF (MGK).
AHITX is managed by American Funds. It was launched on Feb 19, 1988. MGK is a passively managed fund by Vanguard that tracks the performance of the MSCI US Large Cap Growth Index. It was launched on Dec 17, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AHITX or MGK.
Key characteristics
| AHITX | MGK | |
|---|---|---|
| YTD Return | 8.95% | 30.86% |
| 1Y Return | 15.16% | 37.81% |
| 3Y Return (Ann) | 3.76% | 10.10% |
| 5Y Return (Ann) | 5.82% | 20.14% |
| 10Y Return (Ann) | 4.82% | 16.54% |
| Sharpe Ratio | 4.04 | 2.19 |
| Sortino Ratio | 7.21 | 2.86 |
| Omega Ratio | 2.01 | 1.40 |
| Calmar Ratio | 3.96 | 2.78 |
| Martin Ratio | 31.78 | 10.57 |
| Ulcer Index | 0.47% | 3.56% |
| Daily Std Dev | 3.69% | 17.17% |
| Max Drawdown | -34.94% | -48.36% |
| Current Drawdown | -0.30% | -0.60% |
Correlation
The correlation between AHITX and MGK is 0.37, 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.
Performance
AHITX vs. MGK - Performance Comparison
In the year-to-date period, AHITX achieves a 8.95% return, which is significantly lower than MGK's 30.86% return. Over the past 10 years, AHITX has underperformed MGK with an annualized return of 4.82%, while MGK has yielded a comparatively higher 16.54% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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AHITX vs. MGK - Expense Ratio Comparison
AHITX has a 0.69% expense ratio, which is higher than MGK's 0.07% expense ratio.
Risk-Adjusted Performance
AHITX vs. MGK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds American High-Income Trust (AHITX) 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.
Dividends
AHITX vs. MGK - Dividend Comparison
AHITX's dividend yield for the trailing twelve months is around 6.21%, more than MGK's 0.42% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AHITX American Funds American High-Income Trust | 6.21% | 6.43% | 5.52% | 4.28% | 5.81% | 6.19% | 6.31% | 5.47% | 5.60% | 6.95% | 6.37% | 6.27% |
MGK Vanguard Mega Cap Growth ETF | 0.42% | 0.50% | 0.70% | 0.41% | 0.65% | 0.85% | 1.12% | 1.23% | 1.53% | 1.43% | 1.25% | 1.29% |
Drawdowns
AHITX vs. MGK - Drawdown Comparison
The maximum AHITX drawdown since its inception was -34.94%, smaller than the maximum MGK drawdown of -48.36%. Use the drawdown chart below to compare losses from any high point for AHITX and MGK. For additional features, visit the drawdowns tool.
Volatility
AHITX vs. MGK - Volatility Comparison
The current volatility for American Funds American High-Income Trust (AHITX) is 0.74%, while Vanguard Mega Cap Growth ETF (MGK) has a volatility of 5.12%. This indicates that AHITX 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.