AHITX vs. SPY
Compare and contrast key facts about American Funds American High-Income Trust (AHITX) and SPDR S&P 500 ETF (SPY).
AHITX is managed by American Funds. It was launched on Feb 19, 1988. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AHITX or SPY.
Correlation
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
Key characteristics
AHITX:
2.72
SPY:
2.21
AHITX:
4.31
SPY:
2.93
AHITX:
1.59
SPY:
1.41
AHITX:
4.93
SPY:
3.26
AHITX:
18.29
SPY:
14.40
AHITX:
0.51%
SPY:
1.90%
AHITX:
3.42%
SPY:
12.44%
AHITX:
-34.94%
SPY:
-55.19%
AHITX:
-1.51%
SPY:
-1.83%
Returns By Period
In the year-to-date period, AHITX achieves a 8.28% return, which is significantly lower than SPY's 26.72% return. Over the past 10 years, AHITX has underperformed SPY with an annualized return of 4.97%, while SPY has yielded a comparatively higher 13.04% annualized return.
AHITX
8.28%
-0.81%
4.52%
9.16%
5.16%
4.97%
SPY
26.72%
0.20%
10.28%
27.17%
14.87%
13.04%
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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.
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.
Dividends
AHITX vs. SPY - Dividend Comparison
AHITX's dividend yield for the trailing twelve months is around 5.75%, more than SPY's 1.19% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AHITX American Funds American High-Income Trust | 5.75% | 6.43% | 5.52% | 4.28% | 5.81% | 6.19% | 6.31% | 5.47% | 5.60% | 6.95% | 6.37% | 6.27% |
SPY SPDR S&P 500 ETF | 1.19% | 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.
Volatility
AHITX vs. SPY - Volatility Comparison
The current volatility for American Funds American High-Income Trust (AHITX) is 0.90%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.83%. 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.