AHMFX vs. FAQTX
AHMFX (American High-Income Municipal Bond Fund Class F-2) and FAQTX (American Funds 2035 Target Date Retirement Fund Class F-1) are both mutual funds - AHMFX is a High Yield Muni fund actively managed by Capital Group, while FAQTX is a Target Retirement Date fund tracking the S&P Target Date 2035 Index. AHMFX is actively managed, while FAQTX is passively managed. Over the past 10 years, AHMFX returned 3.19%/yr vs 10.07%/yr for FAQTX. Their 0.03 correlation means their historical movements had little consistent relationship. AHMFX charges 0.42%/yr vs 0.70%/yr for FAQTX.
Performance
AHMFX vs. FAQTX - Performance Comparison
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Returns By Period
In the year-to-date period, AHMFX achieves a 1.26% return, which is significantly lower than FAQTX's 6.38% return. Over the past 10 years, AHMFX has underperformed FAQTX with an annualized return of 3.19%, while FAQTX has yielded a comparatively higher 10.07% annualized return.
AHMFX
- 1D
- -0.20%
- 1M
- -2.06%
- 6M
- 0.60%
- YTD
- 1.26%
- 1Y
- 6.46%
- 3Y*
- 5.69%
- 5Y*
- 1.36%
- 10Y*
- 3.19%
- ALL TIME*
- 5.92%
FAQTX
- 1D
- 0.36%
- 1M
- -0.45%
- 6M
- 4.07%
- YTD
- 6.38%
- 1Y
- 13.90%
- 3Y*
- 13.41%
- 5Y*
- 7.19%
- 10Y*
- 10.07%
- ALL TIME*
- 8.98%
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 |
AHMFX vs. FAQTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AHMFX American High-Income Municipal Bond Fund Class F-2 | 1.26% | 6.03% | 6.45% | 7.04% | -12.44% | 5.49% | 4.61% | 9.12% | 1.80% | 9.09% |
FAQTX American Funds 2035 Target Date Retirement Fund Class F-1 | 6.38% | 16.70% | 12.40% | 16.47% | -16.54% | 15.16% | 17.15% | 22.78% | -5.50% | 20.65% |
Correlation
The correlation between AHMFX and FAQTX is 0.29, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.29 |
Correlation (3Y) Balances recent behavior with more history. | 0.25 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.21 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.10 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2014 | 0.03 |
Over the past year, AHMFX and FAQTX have become more correlated (0.29) than their long-term average of 0.03, meaning their price movements have been converging.
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Return for Risk
AHMFX vs. FAQTX — Risk / Return Rank
AHMFX
FAQTX
AHMFX vs. FAQTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American High-Income Municipal Bond Fund Class F-2 (AHMFX) and American Funds 2035 Target Date Retirement Fund Class F-1 (FAQTX). 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.
| AHMFX | FAQTX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.84 | ||
| Sortino ratioReturn per unit of downside risk | +1.45 | ||
| Omega ratioGain probability vs. loss probability | 1.53 | 1.27 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 2.53 | 1.91 | +0.63 |
| Martin ratioReturn relative to average drawdown | 8.74 | 8.21 | +0.53 |
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Drawdowns
AHMFX vs. FAQTX - Drawdown Comparison
The maximum AHMFX drawdown since its inception was -17.65%, smaller than the maximum FAQTX drawdown of -26.70%. Use the drawdown chart below to compare losses from any high point for AHMFX and FAQTX.
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Drawdown Indicators
| AHMFX | FAQTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.65% | -26.70% | +9.05% |
Max Drawdown (1Y)Largest decline over 1 year | -2.76% | -7.01% | +4.25% |
Max Drawdown (3Y)Largest decline over 3 years | -5.68% | -10.56% | +4.88% |
Max Drawdown (5Y)Largest decline over 5 years | -17.65% | -23.34% | +5.69% |
Max Drawdown (10Y)Largest decline over 10 years | -17.65% | -26.70% | +9.05% |
Current DrawdownCurrent decline from peak | -2.06% | -0.95% | -1.11% |
Average DrawdownAverage peak-to-trough decline | -2.35% | -3.88% | +1.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.80% | 1.62% | -0.82% |
Volatility
AHMFX vs. FAQTX - Volatility Comparison
The current volatility for American High-Income Municipal Bond Fund Class F-2 (AHMFX) is 0.93%, while American Funds 2035 Target Date Retirement Fund Class F-1 (FAQTX) has a volatility of 2.28%. This indicates that AHMFX experiences smaller price fluctuations and is considered to be less risky than FAQTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AHMFX | FAQTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.93% | 2.28% | -1.35% |
Volatility (6M)Calculated over the trailing 6-month period | 2.39% | 7.36% | -4.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.08% | 9.09% | -6.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.88% | 11.51% | -6.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.55% | 12.66% | -8.11% |
AHMFX vs. FAQTX - Expense Ratio Comparison
AHMFX has a 0.42% expense ratio, which is lower than FAQTX's 0.70% expense ratio.
Dividends
AHMFX vs. FAQTX - Dividend Comparison
AHMFX's dividend yield for the trailing twelve months is around 3.81%, less than FAQTX's 5.64% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AHMFX American High-Income Municipal Bond Fund Class F-2 | 3.81% | 5.58% | 4.04% | 2.97% | 2.71% | 3.44% | 3.60% | 3.68% | 3.88% | 4.19% | 3.74% | 4.19% |
FAQTX American Funds 2035 Target Date Retirement Fund Class F-1 | 5.64% | 6.00% | 4.26% | 2.61% | 5.41% | 5.26% | 3.56% | 4.23% | 4.82% | 2.43% | 3.73% | 5.68% |
Frequently Asked Questions
AHMFX and FAQTX have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FAQTX has higher volatility (2.28%) compared to AHMFX (0.93%). In terms of maximum drawdown, AHMFX dropped -17.65% vs FAQTX's -26.70%.
AHMFX currently has the higher Sharpe Ratio (2.31 vs 1.47), 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.
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