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:
2.05
SPY:
0.30
AHITX:
2.88
SPY:
0.56
AHITX:
1.45
SPY:
1.08
AHITX:
2.07
SPY:
0.31
AHITX:
9.94
SPY:
1.40
AHITX:
0.82%
SPY:
4.18%
AHITX:
4.00%
SPY:
19.64%
AHITX:
-34.94%
SPY:
-55.19%
AHITX:
-2.63%
SPY:
-13.86%
Returns By Period
In the year-to-date period, AHITX achieves a -0.68% return, which is significantly higher than SPY's -9.91% return. Over the past 10 years, AHITX has underperformed SPY with an annualized return of 4.66%, while SPY has yielded a comparatively higher 11.59% annualized return.
AHITX
-0.68%
-1.94%
0.00%
8.30%
7.18%
4.66%
SPY
-9.91%
-6.90%
-9.38%
6.72%
14.62%
11.59%
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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 Rank
AHITX
SPY
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 6.39%, more than SPY's 1.36% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AHITX American Funds American High-Income Trust | 6.39% | 6.25% | 6.43% | 5.52% | 4.28% | 5.81% | 6.19% | 6.31% | 5.47% | 5.60% | 6.95% | 6.37% |
SPY SPDR S&P 500 ETF | 1.36% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
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 2.33%, while SPDR S&P 500 ETF (SPY) has a volatility of 14.52%. 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.