AHMFX vs. NSIOX
Compare and contrast key facts about American High-Income Municipal Bond Fund Class F-2 (AHMFX) and Nuveen Strategic Municipal Opportunities Fund (NSIOX).
AHMFX is an actively managed fund by Capital Group. It was launched on Aug 1, 2008. NSIOX is managed by Nuveen. It was launched on Dec 15, 2014.
Performance
AHMFX vs. NSIOX - Performance Comparison
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AHMFX vs. NSIOX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AHMFX American High-Income Municipal Bond Fund Class F-2 | -0.48% | 6.03% | 6.45% | 7.04% | -12.44% | 5.49% | 4.61% | 9.12% | 1.80% | 9.09% |
NSIOX Nuveen Strategic Municipal Opportunities Fund | -0.66% | 3.19% | 4.61% | 7.17% | -13.81% | 5.21% | 6.82% | 10.07% | 3.31% | 9.77% |
Returns By Period
In the year-to-date period, AHMFX achieves a -0.48% return, which is significantly higher than NSIOX's -0.66% return. Over the past 10 years, AHMFX has outperformed NSIOX with an annualized return of 3.39%, while NSIOX has yielded a comparatively lower 3.07% annualized return.
AHMFX
- 1D
- 0.07%
- 1M
- -2.70%
- YTD
- -0.48%
- 6M
- 1.28%
- 1Y
- 4.18%
- 3Y*
- 5.44%
- 5Y*
- 1.81%
- 10Y*
- 3.39%
NSIOX
- 1D
- 0.21%
- 1M
- -2.71%
- YTD
- -0.66%
- 6M
- 0.60%
- 1Y
- 2.41%
- 3Y*
- 3.79%
- 5Y*
- 0.65%
- 10Y*
- 3.07%
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AHMFX vs. NSIOX - Expense Ratio Comparison
AHMFX has a 0.42% expense ratio, which is lower than NSIOX's 0.56% expense ratio.
Return for Risk
AHMFX vs. NSIOX — Risk / Return Rank
AHMFX
NSIOX
AHMFX vs. NSIOX - 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 Strategic Municipal Opportunities Fund (NSIOX). 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 | NSIOX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.81 | 0.58 | +0.23 |
Sortino ratioReturn per unit of downside risk | 1.10 | 0.79 | +0.31 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.16 | +0.08 |
Calmar ratioReturn relative to maximum drawdown | 0.99 | 0.58 | +0.41 |
Martin ratioReturn relative to average drawdown | 3.26 | 1.64 | +1.62 |
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 | NSIOX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.81 | 0.58 | +0.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.38 | 0.15 | +0.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.75 | 0.66 | +0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.52 | 0.74 | +0.78 |
Correlation
The correlation between AHMFX and NSIOX is 0.84, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
AHMFX vs. NSIOX - Dividend Comparison
AHMFX's dividend yield for the trailing twelve months is around 4.27%, which matches NSIOX's 4.25% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AHMFX American High-Income Municipal Bond Fund Class F-2 | 4.27% | 5.58% | 4.04% | 2.97% | 2.71% | 3.44% | 3.60% | 3.68% | 3.88% | 4.19% | 3.74% | 4.19% |
NSIOX Nuveen Strategic Municipal Opportunities Fund | 4.25% | 4.53% | 3.91% | 3.85% | 4.20% | 4.25% | 2.88% | 3.25% | 3.12% | 3.22% | 4.09% | 2.48% |
Drawdowns
AHMFX vs. NSIOX - Drawdown Comparison
The maximum AHMFX drawdown since its inception was -17.65%, roughly equal to the maximum NSIOX drawdown of -18.38%. Use the drawdown chart below to compare losses from any high point for AHMFX and NSIOX.
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Drawdown Indicators
| AHMFX | NSIOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.65% | -18.38% | +0.73% |
Max Drawdown (1Y)Largest decline over 1 year | -5.60% | -5.20% | -0.40% |
Max Drawdown (5Y)Largest decline over 5 years | -17.65% | -18.38% | +0.73% |
Max Drawdown (10Y)Largest decline over 10 years | -17.65% | -18.38% | +0.73% |
Current DrawdownCurrent decline from peak | -2.70% | -2.71% | +0.01% |
Average DrawdownAverage peak-to-trough decline | -2.38% | -3.61% | +1.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.69% | 1.83% | -0.14% |
Volatility
AHMFX vs. NSIOX - Volatility Comparison
American High-Income Municipal Bond Fund Class F-2 (AHMFX) and Nuveen Strategic Municipal Opportunities Fund (NSIOX) have volatilities of 1.08% and 1.04%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AHMFX | NSIOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.08% | 1.04% | +0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 1.86% | 1.82% | +0.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.45% | 5.21% | +1.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.82% | 4.47% | +0.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.53% | 4.68% | -0.15% |