AHMFX vs. NMCO
Compare and contrast key facts about American High-Income Municipal Bond Fund Class F-2 (AHMFX) and Nuveen Municipal Credit Opportunities Fund (NMCO).
AHMFX is an actively managed fund by Capital Group. It was launched on Aug 1, 2008. NMCO is managed by Nuveen. It was launched on Apr 18, 2019.
Performance
AHMFX vs. NMCO - Performance Comparison
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AHMFX vs. NMCO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
AHMFX American High-Income Municipal Bond Fund Class F-2 | -0.15% | 6.03% | 6.45% | 7.04% | -12.44% | 5.49% | 4.61% | 1.74% |
NMCO Nuveen Municipal Credit Opportunities Fund | 6.43% | 4.18% | 13.64% | -4.19% | -25.66% | 26.98% | -11.55% | 2.16% |
Returns By Period
In the year-to-date period, AHMFX achieves a -0.15% return, which is significantly lower than NMCO's 6.43% return.
AHMFX
- 1D
- 0.33%
- 1M
- -2.06%
- YTD
- -0.15%
- 6M
- 1.48%
- 1Y
- 4.18%
- 3Y*
- 5.55%
- 5Y*
- 1.86%
- 10Y*
- 3.42%
NMCO
- 1D
- 0.95%
- 1M
- -1.65%
- YTD
- 6.43%
- 6M
- 1.82%
- 1Y
- 7.40%
- 3Y*
- 4.68%
- 5Y*
- 0.59%
- 10Y*
- —
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AHMFX vs. NMCO - Expense Ratio Comparison
AHMFX has a 0.42% expense ratio, which is higher than NMCO's 0.04% expense ratio.
Return for Risk
AHMFX vs. NMCO — Risk / Return Rank
AHMFX
NMCO
AHMFX vs. NMCO - 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 Nuveen Municipal Credit Opportunities Fund (NMCO). 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.
| AHMFX | NMCO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.71 | 0.67 | +0.05 |
Sortino ratioReturn per unit of downside risk | 0.97 | 0.95 | +0.02 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.13 | +0.08 |
Calmar ratioReturn relative to maximum drawdown | 0.99 | 0.90 | +0.09 |
Martin ratioReturn relative to average drawdown | 3.25 | 2.43 | +0.82 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AHMFX | NMCO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.71 | 0.67 | +0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.39 | 0.04 | +0.35 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.76 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.52 | 0.02 | +1.50 |
Correlation
The correlation between AHMFX and NMCO is 0.38, 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.
Dividends
AHMFX vs. NMCO - Dividend Comparison
AHMFX's dividend yield for the trailing twelve months is around 4.25%, less than NMCO's 7.70% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AHMFX American High-Income Municipal Bond Fund Class F-2 | 4.25% | 5.58% | 4.04% | 2.97% | 2.71% | 3.44% | 3.60% | 3.68% | 3.88% | 4.19% | 3.74% | 4.19% |
NMCO Nuveen Municipal Credit Opportunities Fund | 7.70% | 8.04% | 6.79% | 5.96% | 6.65% | 4.75% | 5.57% | 0.83% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
AHMFX vs. NMCO - Drawdown Comparison
The maximum AHMFX drawdown since its inception was -17.65%, smaller than the maximum NMCO drawdown of -42.03%. Use the drawdown chart below to compare losses from any high point for AHMFX and NMCO.
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Drawdown Indicators
| AHMFX | NMCO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.65% | -42.03% | +24.38% |
Max Drawdown (1Y)Largest decline over 1 year | -5.60% | -8.68% | +3.08% |
Max Drawdown (5Y)Largest decline over 5 years | -17.65% | -39.82% | +22.17% |
Max Drawdown (10Y)Largest decline over 10 years | -17.65% | — | — |
Current DrawdownCurrent decline from peak | -2.38% | -11.48% | +9.10% |
Average DrawdownAverage peak-to-trough decline | -2.38% | -16.19% | +13.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.70% | 3.26% | -1.56% |
Volatility
AHMFX vs. NMCO - Volatility Comparison
The current volatility for American High-Income Municipal Bond Fund Class F-2 (AHMFX) is 1.15%, while Nuveen Municipal Credit Opportunities Fund (NMCO) has a volatility of 3.52%. This indicates that AHMFX experiences smaller price fluctuations and is considered to be less risky than NMCO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AHMFX | NMCO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.15% | 3.52% | -2.37% |
Volatility (6M)Calculated over the trailing 6-month period | 1.88% | 6.63% | -4.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.45% | 11.15% | -4.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.82% | 14.08% | -9.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.53% | 19.71% | -15.18% |