AMHIX vs. AMECX
Compare and contrast key facts about American High-Income Municipal Bond Fund (AMHIX) and American Funds The Income Fund of America Class A (AMECX).
AMHIX is managed by American Funds. It was launched on Sep 25, 1994. AMECX is managed by American Funds. It was launched on Dec 1, 1973.
Performance
AMHIX vs. AMECX - Performance Comparison
Loading graphics...
AMHIX vs. AMECX - 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% |
AMECX American Funds The Income Fund of America Class A | 1.48% | 17.77% | 10.84% | 6.79% | -6.40% | 17.37% | 4.49% | 18.50% | -5.27% | 12.58% |
Returns By Period
In the year-to-date period, AMHIX achieves a -0.51% return, which is significantly lower than AMECX's 1.48% return. Over the past 10 years, AMHIX has underperformed AMECX with an annualized return of 3.20%, while AMECX has yielded a comparatively higher 8.21% 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%
AMECX
- 1D
- 0.23%
- 1M
- -5.74%
- YTD
- 1.48%
- 6M
- 4.22%
- 1Y
- 14.19%
- 3Y*
- 11.95%
- 5Y*
- 7.95%
- 10Y*
- 8.21%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
AMHIX vs. AMECX - Expense Ratio Comparison
AMHIX has a 0.63% expense ratio, which is higher than AMECX's 0.56% expense ratio.
Return for Risk
AMHIX vs. AMECX — Risk / Return Rank
AMHIX
AMECX
AMHIX vs. AMECX - 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 Income Fund of America Class A (AMECX). 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 | AMECX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.77 | 1.55 | -0.78 |
Sortino ratioReturn per unit of downside risk | 1.04 | 2.13 | -1.08 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.32 | -0.09 |
Calmar ratioReturn relative to maximum drawdown | 0.94 | 1.71 | -0.77 |
Martin ratioReturn relative to average drawdown | 3.04 | 8.01 | -4.98 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| AMHIX | AMECX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.77 | 1.55 | -0.78 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.35 | 0.85 | -0.50 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.71 | 0.77 | -0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.39 | 0.72 | +0.67 |
Correlation
The correlation between AMHIX and AMECX is 0.02, 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. AMECX - Dividend Comparison
AMHIX's dividend yield for the trailing twelve months is around 4.03%, less than AMECX's 9.86% 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% |
AMECX American Funds The Income Fund of America Class A | 9.86% | 9.94% | 6.38% | 2.93% | 6.98% | 6.67% | 2.80% | 5.01% | 7.48% | 4.26% | 3.09% | 5.09% |
Drawdowns
AMHIX vs. AMECX - Drawdown Comparison
The maximum AMHIX drawdown since its inception was -21.74%, smaller than the maximum AMECX drawdown of -41.92%. Use the drawdown chart below to compare losses from any high point for AMHIX and AMECX.
Loading graphics...
Drawdown Indicators
| AMHIX | AMECX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.74% | -41.92% | +20.18% |
Max Drawdown (1Y)Largest decline over 1 year | -5.60% | -8.19% | +2.59% |
Max Drawdown (5Y)Largest decline over 5 years | -17.81% | -15.78% | -2.03% |
Max Drawdown (10Y)Largest decline over 10 years | -17.81% | -26.13% | +8.32% |
Current DrawdownCurrent decline from peak | -2.70% | -5.74% | +3.04% |
Average DrawdownAverage peak-to-trough decline | -2.13% | -4.46% | +2.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.72% | 1.74% | -0.02% |
Volatility
AMHIX vs. AMECX - Volatility Comparison
The current volatility for American High-Income Municipal Bond Fund (AMHIX) is 1.08%, while American Funds The Income Fund of America Class A (AMECX) has a volatility of 2.94%. This indicates that AMHIX experiences smaller price fluctuations and is considered to be less risky than AMECX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| AMHIX | AMECX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.08% | 2.94% | -1.86% |
Volatility (6M)Calculated over the trailing 6-month period | 1.84% | 5.49% | -3.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.43% | 9.48% | -3.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.80% | 9.44% | -4.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.51% | 10.66% | -6.15% |