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AMHIX vs. AFTEX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between AMHIX and AFTEX is -0.04. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.


Performance

AMHIX vs. AFTEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American High-Income Municipal Bond Fund (AMHIX) and American Funds Tax Exempt Bond Fund (AFTEX). The values are adjusted to include any dividend payments, if applicable.

240.00%260.00%280.00%300.00%320.00%December2025FebruaryMarchAprilMay
311.16%
254.65%
AMHIX
AFTEX

Key characteristics

Sharpe Ratio

AMHIX:

0.45

AFTEX:

0.24

Sortino Ratio

AMHIX:

0.71

AFTEX:

0.42

Omega Ratio

AMHIX:

1.13

AFTEX:

1.07

Calmar Ratio

AMHIX:

0.53

AFTEX:

0.28

Martin Ratio

AMHIX:

1.89

AFTEX:

1.05

Ulcer Index

AMHIX:

1.68%

AFTEX:

1.44%

Daily Std Dev

AMHIX:

6.02%

AFTEX:

4.99%

Max Drawdown

AMHIX:

-21.73%

AFTEX:

-14.37%

Current Drawdown

AMHIX:

-3.43%

AFTEX:

-2.96%

Returns By Period

In the year-to-date period, AMHIX achieves a -1.56% return, which is significantly lower than AFTEX's -1.13% return. Over the past 10 years, AMHIX has outperformed AFTEX with an annualized return of 3.21%, while AFTEX has yielded a comparatively lower 2.05% annualized return.


AMHIX

YTD

-1.56%

1M

0.95%

6M

-0.88%

1Y

2.70%

5Y*

3.22%

10Y*

3.21%

AFTEX

YTD

-1.13%

1M

1.08%

6M

-0.52%

1Y

1.17%

5Y*

1.15%

10Y*

2.05%

*Annualized

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AMHIX vs. AFTEX - Expense Ratio Comparison

AMHIX has a 0.63% expense ratio, which is higher than AFTEX's 0.50% expense ratio.


Risk-Adjusted Performance

AMHIX vs. AFTEX — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AMHIX
The Risk-Adjusted Performance Rank of AMHIX is 5656
Overall Rank
The Sharpe Ratio Rank of AMHIX is 5050
Sharpe Ratio Rank
The Sortino Ratio Rank of AMHIX is 4949
Sortino Ratio Rank
The Omega Ratio Rank of AMHIX is 6060
Omega Ratio Rank
The Calmar Ratio Rank of AMHIX is 6565
Calmar Ratio Rank
The Martin Ratio Rank of AMHIX is 5656
Martin Ratio Rank

AFTEX
The Risk-Adjusted Performance Rank of AFTEX is 3838
Overall Rank
The Sharpe Ratio Rank of AFTEX is 3535
Sharpe Ratio Rank
The Sortino Ratio Rank of AFTEX is 3434
Sortino Ratio Rank
The Omega Ratio Rank of AFTEX is 3838
Omega Ratio Rank
The Calmar Ratio Rank of AFTEX is 4343
Calmar Ratio Rank
The Martin Ratio Rank of AFTEX is 4141
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

AMHIX vs. AFTEX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for American High-Income Municipal Bond Fund (AMHIX) and American Funds Tax Exempt Bond Fund (AFTEX). 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.


The current AMHIX Sharpe Ratio is 0.45, which is higher than the AFTEX Sharpe Ratio of 0.24. The chart below compares the historical Sharpe Ratios of AMHIX and AFTEX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.001.002.003.00December2025FebruaryMarchAprilMay
0.45
0.24
AMHIX
AFTEX

Dividends

AMHIX vs. AFTEX - Dividend Comparison

AMHIX's dividend yield for the trailing twelve months is around 3.62%, more than AFTEX's 2.77% yield.


TTM20242023202220212020201920182017201620152014
AMHIX
American High-Income Municipal Bond Fund
3.62%3.84%3.77%3.39%2.72%3.25%3.39%3.68%3.71%3.89%4.01%4.20%
AFTEX
American Funds Tax Exempt Bond Fund
2.77%2.93%2.50%2.33%2.46%2.43%2.63%2.86%3.05%3.17%3.21%3.38%

Drawdowns

AMHIX vs. AFTEX - Drawdown Comparison

The maximum AMHIX drawdown since its inception was -21.73%, which is greater than AFTEX's maximum drawdown of -14.37%. Use the drawdown chart below to compare losses from any high point for AMHIX and AFTEX. For additional features, visit the drawdowns tool.


-6.00%-5.00%-4.00%-3.00%-2.00%-1.00%0.00%December2025FebruaryMarchAprilMay
-3.43%
-2.96%
AMHIX
AFTEX

Volatility

AMHIX vs. AFTEX - Volatility Comparison

American High-Income Municipal Bond Fund (AMHIX) has a higher volatility of 3.64% compared to American Funds Tax Exempt Bond Fund (AFTEX) at 3.01%. This indicates that AMHIX's price experiences larger fluctuations and is considered to be riskier than AFTEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


1.00%2.00%3.00%4.00%5.00%December2025FebruaryMarchAprilMay
3.64%
3.01%
AMHIX
AFTEX