AHMFX vs. NUAG
Compare and contrast key facts about American High-Income Municipal Bond Fund Class F-2 (AHMFX) and Nuveen Enhanced Yield U.S. Aggregate Bond ETF (NUAG).
AHMFX is an actively managed fund by Capital Group. It was launched on Aug 1, 2008. NUAG is a passively managed fund by Nuveen that tracks the performance of the ICE BofA Enhanced Yield US Broad Bond. It was launched on Sep 14, 2016.
Performance
AHMFX vs. NUAG - Performance Comparison
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AHMFX vs. NUAG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AHMFX American High-Income Municipal Bond Fund Class F-2 | -0.15% | 6.03% | 6.45% | 7.04% | -12.44% | 5.49% | 4.61% | 9.12% | 1.80% | 9.09% |
NUAG Nuveen Enhanced Yield U.S. Aggregate Bond ETF | -0.03% | 7.37% | 2.02% | 7.52% | -13.97% | -2.03% | 7.48% | 10.13% | -1.45% | 3.98% |
Returns By Period
In the year-to-date period, AHMFX achieves a -0.15% return, which is significantly lower than NUAG's -0.03% 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%
NUAG
- 1D
- 0.03%
- 1M
- -1.41%
- YTD
- -0.03%
- 6M
- 0.67%
- 1Y
- 4.34%
- 3Y*
- 4.46%
- 5Y*
- 0.54%
- 10Y*
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AHMFX vs. NUAG - Expense Ratio Comparison
AHMFX has a 0.42% expense ratio, which is higher than NUAG's 0.19% expense ratio.
Return for Risk
AHMFX vs. NUAG — Risk / Return Rank
AHMFX
NUAG
AHMFX vs. NUAG - 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 Enhanced Yield U.S. Aggregate Bond ETF (NUAG). 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 | NUAG | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.71 | 1.02 | -0.31 |
Sortino ratioReturn per unit of downside risk | 0.97 | 1.45 | -0.48 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.19 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 0.99 | 1.90 | -0.91 |
Martin ratioReturn relative to average drawdown | 3.25 | 5.51 | -2.26 |
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 | NUAG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.71 | 1.02 | -0.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.39 | 0.09 | +0.30 |
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 | 0.30 | +1.22 |
Correlation
The correlation between AHMFX and NUAG is 0.45, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
AHMFX vs. NUAG - Dividend Comparison
AHMFX's dividend yield for the trailing twelve months is around 4.25%, less than NUAG's 4.54% 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% |
NUAG Nuveen Enhanced Yield U.S. Aggregate Bond ETF | 4.54% | 4.43% | 4.44% | 3.95% | 3.60% | 2.27% | 2.93% | 3.54% | 3.79% | 3.38% | 0.48% | 0.00% |
Drawdowns
AHMFX vs. NUAG - Drawdown Comparison
The maximum AHMFX drawdown since its inception was -17.65%, smaller than the maximum NUAG drawdown of -19.79%. Use the drawdown chart below to compare losses from any high point for AHMFX and NUAG.
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Drawdown Indicators
| AHMFX | NUAG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.65% | -19.79% | +2.14% |
Max Drawdown (1Y)Largest decline over 1 year | -5.60% | -2.54% | -3.06% |
Max Drawdown (5Y)Largest decline over 5 years | -17.65% | -19.19% | +1.54% |
Max Drawdown (10Y)Largest decline over 10 years | -17.65% | — | — |
Current DrawdownCurrent decline from peak | -2.38% | -1.75% | -0.63% |
Average DrawdownAverage peak-to-trough decline | -2.38% | -5.01% | +2.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.70% | 0.88% | +0.82% |
Volatility
AHMFX vs. NUAG - Volatility Comparison
The current volatility for American High-Income Municipal Bond Fund Class F-2 (AHMFX) is 1.15%, while Nuveen Enhanced Yield U.S. Aggregate Bond ETF (NUAG) has a volatility of 1.66%. This indicates that AHMFX experiences smaller price fluctuations and is considered to be less risky than NUAG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AHMFX | NUAG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.15% | 1.66% | -0.51% |
Volatility (6M)Calculated over the trailing 6-month period | 1.88% | 2.44% | -0.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.45% | 4.28% | +2.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.82% | 6.00% | -1.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.53% | 5.51% | -0.98% |