AHITX vs. SPHIX
AHITX (American Funds American High-Income Trust) and SPHIX (Fidelity High Income Fund) are both High Yield Bonds funds. Over the past 10 years, AHITX returned 5.47%/yr vs 4.86%/yr for SPHIX. Their 0.73 correlation means they have sometimes moved together and sometimes differently. Both charge a 0.69% expense ratio.
Performance
AHITX vs. SPHIX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, AHITX achieves a 0.99% return, which is significantly lower than SPHIX's 2.43% return. Over the past 10 years, AHITX has outperformed SPHIX with an annualized return of 5.47%, while SPHIX has yielded a comparatively lower 4.86% annualized return.
AHITX
- 1D
- 0.00%
- 1M
- -1.12%
- 6M
- 0.47%
- YTD
- 0.99%
- 1Y
- 4.72%
- 3Y*
- 8.04%
- 5Y*
- 3.95%
- 10Y*
- 5.47%
- ALL TIME*
- 7.25%
SPHIX
- 1D
- 0.12%
- 1M
- -0.98%
- 6M
- 1.57%
- YTD
- 2.43%
- 1Y
- 6.93%
- 3Y*
- 8.94%
- 5Y*
- 3.77%
- 10Y*
- 4.86%
- ALL TIME*
- 7.75%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
AHITX vs. SPHIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AHITX American Funds American High-Income Trust | 0.99% | 8.28% | 9.45% | 11.43% | -10.38% | 8.32% | 7.01% | 11.86% | -1.80% | 7.30% |
SPHIX Fidelity High Income Fund | 2.43% | 9.85% | 9.57% | 10.99% | -13.08% | 3.55% | 2.47% | 14.27% | -2.39% | 8.60% |
Correlation
The correlation between AHITX and SPHIX is 0.85, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.85 |
Correlation (3Y) Balances recent behavior with more history. | 0.88 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.91 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.88 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 1991 | 0.73 |
The correlation between AHITX and SPHIX shifts across timeframes, from 0.73 (all time) to 0.91 (5 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
AHITX vs. SPHIX — Risk / Return Rank
AHITX
SPHIX
AHITX vs. SPHIX - Risk-Adjusted Trends 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AHITX | SPHIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.67 | ||
| Sortino ratioReturn per unit of downside risk | -1.11 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.47 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 2.12 | 3.11 | -0.99 |
| Martin ratioReturn relative to average drawdown | 8.99 | 13.95 | -4.96 |
Loading charts...
Drawdowns
AHITX vs. SPHIX - Drawdown Comparison
The maximum AHITX drawdown since its inception was -34.81%, which is greater than SPHIX's maximum drawdown of -31.36%. Use the drawdown chart below to compare losses from any high point for AHITX and SPHIX.
Loading charts...
Drawdown Indicators
| AHITX | SPHIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.81% | -31.36% | -3.45% |
Max Drawdown (1Y)Largest decline over 1 year | -2.41% | -2.33% | -0.08% |
Max Drawdown (3Y)Largest decline over 3 years | -3.96% | -4.15% | +0.19% |
Max Drawdown (5Y)Largest decline over 5 years | -13.93% | -16.46% | +2.53% |
Max Drawdown (10Y)Largest decline over 10 years | -21.22% | -22.44% | +1.22% |
Current DrawdownCurrent decline from peak | -1.22% | -1.23% | +0.01% |
Average DrawdownAverage peak-to-trough decline | -2.66% | -3.46% | +0.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.57% | 0.52% | +0.05% |
Volatility
AHITX vs. SPHIX - Volatility Comparison
American Funds American High-Income Trust (AHITX) has a higher volatility of 0.66% compared to Fidelity High Income Fund (SPHIX) at 0.55%. This indicates that AHITX's price experiences larger fluctuations and is considered to be riskier than SPHIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| AHITX | SPHIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.66% | 0.55% | +0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 2.71% | 2.66% | +0.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.43% | 3.35% | +0.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.98% | 5.30% | -0.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.44% | 5.74% | -0.30% |
AHITX vs. SPHIX - Expense Ratio Comparison
Both AHITX and SPHIX have an expense ratio of 0.69%.
Dividends
AHITX vs. SPHIX - Dividend Comparison
AHITX's dividend yield for the trailing twelve months is around 5.83%, less than SPHIX's 5.98% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AHITX American Funds American High-Income Trust | 5.83% | 6.26% | 6.25% | 5.87% | 4.17% | 4.27% | 5.81% | 6.19% | 6.31% | 5.99% | 5.05% | 6.92% |
SPHIX Fidelity High Income Fund | 5.98% | 6.43% | 6.10% | 5.41% | 3.91% | 4.07% | 4.71% | 5.10% | 6.02% | 5.40% | 6.07% | 5.59% |
Frequently Asked Questions
AHITX and SPHIX have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AHITX has higher volatility (0.66%) compared to SPHIX (0.55%). In terms of maximum drawdown, AHITX dropped -34.81% vs SPHIX's -31.36%.
SPHIX currently has the higher Sharpe Ratio (2.16 vs 1.49), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for AHITX and SPHIX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer