AMHIX vs. ABNDX
Compare and contrast key facts about American High-Income Municipal Bond Fund (AMHIX) and American Funds The Bond Fund of America (ABNDX).
AMHIX is managed by American Funds. It was launched on Sep 25, 1994. ABNDX is managed by American Funds. It was launched on May 28, 1974.
Performance
AMHIX vs. ABNDX - Performance Comparison
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AMHIX vs. ABNDX - 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% |
ABNDX American Funds The Bond Fund of America | -0.85% | 7.16% | 1.17% | 4.34% | -13.24% | -1.33% | 10.72% | 7.83% | -0.12% | 3.21% |
Returns By Period
In the year-to-date period, AMHIX achieves a -0.51% return, which is significantly higher than ABNDX's -0.85% return. Over the past 10 years, AMHIX has outperformed ABNDX with an annualized return of 3.20%, while ABNDX has yielded a comparatively lower 1.67% 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%
ABNDX
- 1D
- 0.45%
- 1M
- -2.51%
- YTD
- -0.85%
- 6M
- 0.16%
- 1Y
- 3.38%
- 3Y*
- 2.95%
- 5Y*
- -0.21%
- 10Y*
- 1.67%
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AMHIX vs. ABNDX - Expense Ratio Comparison
AMHIX has a 0.63% expense ratio, which is higher than ABNDX's 0.55% expense ratio.
Return for Risk
AMHIX vs. ABNDX — Risk / Return Rank
AMHIX
ABNDX
AMHIX vs. ABNDX - 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 The Bond Fund of America (ABNDX). 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 | ABNDX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.77 | 0.90 | -0.14 |
Sortino ratioReturn per unit of downside risk | 1.04 | 1.30 | -0.26 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.16 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 0.94 | 1.53 | -0.59 |
Martin ratioReturn relative to average drawdown | 3.04 | 4.38 | -1.34 |
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 | ABNDX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.77 | 0.90 | -0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.35 | -0.04 | +0.38 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.71 | 0.35 | +0.37 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.39 | 1.00 | +0.38 |
Correlation
The correlation between AMHIX and ABNDX is 0.51, 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
AMHIX vs. ABNDX - Dividend Comparison
AMHIX's dividend yield for the trailing twelve months is around 4.03%, more than ABNDX's 3.80% 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% |
ABNDX American Funds The Bond Fund of America | 3.80% | 4.13% | 4.30% | 3.24% | 2.17% | 1.62% | 5.03% | 3.49% | 2.38% | 1.84% | 1.77% | 2.00% |
Drawdowns
AMHIX vs. ABNDX - Drawdown Comparison
The maximum AMHIX drawdown since its inception was -21.74%, which is greater than ABNDX's maximum drawdown of -18.18%. Use the drawdown chart below to compare losses from any high point for AMHIX and ABNDX.
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Drawdown Indicators
| AMHIX | ABNDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.74% | -18.18% | -3.56% |
Max Drawdown (1Y)Largest decline over 1 year | -5.60% | -2.94% | -2.66% |
Max Drawdown (5Y)Largest decline over 5 years | -17.81% | -18.15% | +0.34% |
Max Drawdown (10Y)Largest decline over 10 years | -17.81% | -18.18% | +0.37% |
Current DrawdownCurrent decline from peak | -2.70% | -3.99% | +1.29% |
Average DrawdownAverage peak-to-trough decline | -2.13% | -3.22% | +1.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.72% | 1.02% | +0.70% |
Volatility
AMHIX vs. ABNDX - Volatility Comparison
The current volatility for American High-Income Municipal Bond Fund (AMHIX) is 1.08%, while American Funds The Bond Fund of America (ABNDX) has a volatility of 1.51%. This indicates that AMHIX experiences smaller price fluctuations and is considered to be less risky than ABNDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AMHIX | ABNDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.08% | 1.51% | -0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 1.84% | 2.47% | -0.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.43% | 4.37% | +2.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.80% | 5.91% | -1.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.51% | 4.86% | -0.35% |