AHITX vs. SPHIX
Compare and contrast key facts about American Funds American High-Income Trust (AHITX) and Fidelity High Income Fund (SPHIX).
AHITX is managed by American Funds. It was launched on Feb 19, 1988. SPHIX is managed by Fidelity. It was launched on Aug 29, 1990.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AHITX or SPHIX.
Key characteristics
| AHITX | SPHIX | |
|---|---|---|
| YTD Return | 8.95% | 9.60% |
| 1Y Return | 15.16% | 15.05% |
| 3Y Return (Ann) | 3.76% | 2.43% |
| 5Y Return (Ann) | 5.82% | 3.03% |
| 10Y Return (Ann) | 4.82% | 4.08% |
| Sharpe Ratio | 4.04 | 4.29 |
| Sortino Ratio | 7.21 | 7.51 |
| Omega Ratio | 2.01 | 2.15 |
| Calmar Ratio | 3.96 | 2.06 |
| Martin Ratio | 31.78 | 34.19 |
| Ulcer Index | 0.47% | 0.43% |
| Daily Std Dev | 3.69% | 3.42% |
| Max Drawdown | -34.94% | -31.35% |
| Current Drawdown | -0.30% | -0.38% |
Correlation
The correlation between AHITX and SPHIX is 0.73, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
AHITX vs. SPHIX - Performance Comparison
In the year-to-date period, AHITX achieves a 8.95% return, which is significantly lower than SPHIX's 9.60% return. Over the past 10 years, AHITX has outperformed SPHIX with an annualized return of 4.82%, while SPHIX has yielded a comparatively lower 4.08% 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. SPHIX - Expense Ratio Comparison
AHITX has a 0.69% expense ratio, which is lower than SPHIX's 0.70% expense ratio.
Risk-Adjusted Performance
AHITX vs. SPHIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds American High-Income Trust (AHITX) and Fidelity High Income Fund (SPHIX). 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. SPHIX - Dividend Comparison
AHITX's dividend yield for the trailing twelve months is around 6.21%, more than SPHIX's 5.70% 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% |
SPHIX Fidelity High Income Fund | 5.70% | 5.43% | 5.17% | 4.74% | 4.71% | 5.11% | 6.00% | 5.40% | 5.45% | 6.26% | 6.97% | 6.16% |
Drawdowns
AHITX vs. SPHIX - Drawdown Comparison
The maximum AHITX drawdown since its inception was -34.94%, which is greater than SPHIX's maximum drawdown of -31.35%. Use the drawdown chart below to compare losses from any high point for AHITX and SPHIX. For additional features, visit the drawdowns tool.
Volatility
AHITX vs. SPHIX - Volatility Comparison
American Funds American High-Income Trust (AHITX) and Fidelity High Income Fund (SPHIX) have volatilities of 0.74% and 0.72%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.