AMHIX vs. ABALX
Compare and contrast key facts about American High-Income Municipal Bond Fund (AMHIX) and American Funds American Balanced Fund Class A (ABALX).
AMHIX is managed by American Funds. It was launched on Sep 25, 1994. ABALX is managed by American Funds. It was launched on Jul 26, 1975.
Performance
AMHIX vs. ABALX - Performance Comparison
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AMHIX vs. ABALX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AMHIX American High-Income Municipal Bond Fund | -0.51% | 5.70% | 6.19% | 7.18% | -12.59% | 5.28% | 4.39% | 8.88% | 1.59% | 8.89% |
ABALX American Funds American Balanced Fund Class A | -2.86% | 18.45% | 14.63% | 13.65% | -12.13% | 15.75% | 10.85% | 18.60% | -3.35% | 14.69% |
Returns By Period
In the year-to-date period, AMHIX achieves a -0.51% return, which is significantly higher than ABALX's -2.86% return. Over the past 10 years, AMHIX has underperformed ABALX with an annualized return of 3.20%, while ABALX has yielded a comparatively higher 8.98% annualized return.
AMHIX
- 1D
- 0.07%
- 1M
- -2.70%
- YTD
- -0.51%
- 6M
- 1.18%
- 1Y
- 3.94%
- 3Y*
- 5.30%
- 5Y*
- 1.65%
- 10Y*
- 3.20%
ABALX
- 1D
- -0.14%
- 1M
- -6.82%
- YTD
- -2.86%
- 6M
- 0.85%
- 1Y
- 15.33%
- 3Y*
- 13.40%
- 5Y*
- 8.00%
- 10Y*
- 8.98%
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AMHIX vs. ABALX - Expense Ratio Comparison
AMHIX has a 0.63% expense ratio, which is higher than ABALX's 0.56% expense ratio.
Return for Risk
AMHIX vs. ABALX — Risk / Return Rank
AMHIX
ABALX
AMHIX vs. ABALX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American High-Income Municipal Bond Fund (AMHIX) and American Funds American Balanced Fund Class A (ABALX). 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.
| AMHIX | ABALX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.77 | 1.43 | -0.66 |
Sortino ratioReturn per unit of downside risk | 1.04 | 2.09 | -1.05 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.29 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | 0.94 | 2.00 | -1.07 |
Martin ratioReturn relative to average drawdown | 3.04 | 8.51 | -5.48 |
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
| AMHIX | ABALX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.77 | 1.43 | -0.66 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.35 | 0.77 | -0.43 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.71 | 0.85 | -0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.39 | 0.79 | +0.60 |
Correlation
The correlation between AMHIX and ABALX is 0.03, 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
AMHIX vs. ABALX - Dividend Comparison
AMHIX's dividend yield for the trailing twelve months is around 4.03%, less than ABALX's 8.54% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMHIX American High-Income Municipal Bond Fund | 4.03% | 5.26% | 3.80% | 3.10% | 2.53% | 3.23% | 3.40% | 3.46% | 3.67% | 4.01% | 3.55% | 4.03% |
ABALX American Funds American Balanced Fund Class A | 8.54% | 8.27% | 6.87% | 2.05% | 2.30% | 4.30% | 4.35% | 3.49% | 5.49% | 4.72% | 4.24% | 5.60% |
Drawdowns
AMHIX vs. ABALX - Drawdown Comparison
The maximum AMHIX drawdown since its inception was -21.74%, smaller than the maximum ABALX drawdown of -40.20%. Use the drawdown chart below to compare losses from any high point for AMHIX and ABALX.
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Drawdown Indicators
| AMHIX | ABALX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.74% | -40.20% | +18.46% |
Max Drawdown (1Y)Largest decline over 1 year | -5.60% | -7.33% | +1.73% |
Max Drawdown (5Y)Largest decline over 5 years | -17.81% | -18.76% | +0.95% |
Max Drawdown (10Y)Largest decline over 10 years | -17.81% | -22.34% | +4.53% |
Current DrawdownCurrent decline from peak | -2.70% | -7.03% | +4.33% |
Average DrawdownAverage peak-to-trough decline | -2.13% | -3.86% | +1.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.72% | 1.73% | -0.01% |
Volatility
AMHIX vs. ABALX - Volatility Comparison
The current volatility for American High-Income Municipal Bond Fund (AMHIX) is 1.08%, while American Funds American Balanced Fund Class A (ABALX) has a volatility of 3.26%. This indicates that AMHIX experiences smaller price fluctuations and is considered to be less risky than ABALX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AMHIX | ABALX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.08% | 3.26% | -2.18% |
Volatility (6M)Calculated over the trailing 6-month period | 1.84% | 6.74% | -4.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.43% | 11.11% | -4.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.80% | 10.42% | -5.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.51% | 10.61% | -6.10% |