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AHITX vs. SPY
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


AHITXSPY
YTD Return8.83%23.66%
1Y Return18.34%35.35%
3Y Return (Ann)3.81%10.96%
5Y Return (Ann)5.74%16.17%
10Y Return (Ann)4.89%13.96%
Sharpe Ratio4.342.85
Sortino Ratio8.273.80
Omega Ratio2.141.52
Calmar Ratio2.553.03
Martin Ratio39.1317.65
Ulcer Index0.46%2.00%
Daily Std Dev4.10%12.40%
Max Drawdown-34.94%-55.19%
Current Drawdown-0.30%-0.35%

Correlation

-0.50.00.51.00.3

The correlation between AHITX and SPY is 0.34, 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. SPY - Performance Comparison

In the year-to-date period, AHITX achieves a 8.83% return, which is significantly lower than SPY's 23.66% return. Over the past 10 years, AHITX has underperformed SPY with an annualized return of 4.89%, while SPY has yielded a comparatively higher 13.96% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


0.00%5.00%10.00%15.00%MayJuneJulyAugustSeptemberOctober
8.31%
17.07%
AHITX
SPY

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AHITX vs. SPY - Expense Ratio Comparison

AHITX has a 0.69% expense ratio, which is higher than SPY's 0.09% expense ratio.


AHITX
American Funds American High-Income Trust
Expense ratio chart for AHITX: current value at 0.69% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.69%
Expense ratio chart for SPY: current value at 0.09% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.09%

Risk-Adjusted Performance

AHITX vs. SPY - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for American Funds American High-Income Trust (AHITX) and SPDR S&P 500 ETF (SPY). 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.


AHITX
Sharpe ratio
The chart of Sharpe ratio for AHITX, currently valued at 4.34, compared to the broader market0.002.004.004.34
Sortino ratio
The chart of Sortino ratio for AHITX, currently valued at 8.27, compared to the broader market0.005.0010.008.27
Omega ratio
The chart of Omega ratio for AHITX, currently valued at 2.14, compared to the broader market1.002.003.004.002.14
Calmar ratio
The chart of Calmar ratio for AHITX, currently valued at 2.55, compared to the broader market0.005.0010.0015.0020.0025.002.55
Martin ratio
The chart of Martin ratio for AHITX, currently valued at 39.13, compared to the broader market0.0020.0040.0060.0080.00100.0039.13
SPY
Sharpe ratio
The chart of Sharpe ratio for SPY, currently valued at 2.85, compared to the broader market0.002.004.002.85
Sortino ratio
The chart of Sortino ratio for SPY, currently valued at 3.80, compared to the broader market0.005.0010.003.80
Omega ratio
The chart of Omega ratio for SPY, currently valued at 1.52, compared to the broader market1.002.003.004.001.52
Calmar ratio
The chart of Calmar ratio for SPY, currently valued at 3.03, compared to the broader market0.005.0010.0015.0020.0025.003.03
Martin ratio
The chart of Martin ratio for SPY, currently valued at 17.65, compared to the broader market0.0020.0040.0060.0080.00100.0017.65

AHITX vs. SPY - Sharpe Ratio Comparison

The current AHITX Sharpe Ratio is 4.34, which is higher than the SPY Sharpe Ratio of 2.85. The chart below compares the historical Sharpe Ratios of AHITX and SPY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio1.002.003.004.005.00MayJuneJulyAugustSeptemberOctober
4.34
2.85
AHITX
SPY

Dividends

AHITX vs. SPY - Dividend Comparison

AHITX's dividend yield for the trailing twelve months is around 6.22%, more than SPY's 1.20% yield.


TTM20232022202120202019201820172016201520142013
AHITX
American Funds American High-Income Trust
6.22%6.42%5.53%4.26%5.82%6.18%6.32%5.46%5.60%6.95%6.37%6.27%
SPY
SPDR S&P 500 ETF
1.20%1.40%1.65%1.20%1.52%1.75%2.04%1.80%2.03%2.06%1.87%1.81%

Drawdowns

AHITX vs. SPY - Drawdown Comparison

The maximum AHITX drawdown since its inception was -34.94%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for AHITX and SPY. For additional features, visit the drawdowns tool.


-8.00%-6.00%-4.00%-2.00%0.00%MayJuneJulyAugustSeptemberOctober
-0.30%
-0.35%
AHITX
SPY

Volatility

AHITX vs. SPY - Volatility Comparison

The current volatility for American Funds American High-Income Trust (AHITX) is 0.80%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.00%. This indicates that AHITX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


1.00%2.00%3.00%4.00%5.00%6.00%MayJuneJulyAugustSeptemberOctober
0.80%
3.00%
AHITX
SPY