AMHIX vs. AMUSX
Compare and contrast key facts about American High-Income Municipal Bond Fund (AMHIX) and American Funds U.S. Government Securities Fund (AMUSX).
AMHIX is managed by American Funds. It was launched on Sep 25, 1994. AMUSX is managed by American Funds. It was launched on Oct 16, 1985.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AMHIX or AMUSX.
Key characteristics
| AMHIX | AMUSX | |
|---|---|---|
| YTD Return | 6.59% | 1.62% |
| 1Y Return | 16.93% | 10.01% |
| 3Y Return (Ann) | 0.91% | -2.25% |
| 5Y Return (Ann) | 2.53% | 0.18% |
| 10Y Return (Ann) | 3.78% | 1.03% |
| Sharpe Ratio | 4.35 | 1.67 |
| Sortino Ratio | 7.90 | 2.47 |
| Omega Ratio | 2.19 | 1.31 |
| Calmar Ratio | 1.23 | 0.62 |
| Martin Ratio | 27.35 | 6.13 |
| Ulcer Index | 0.62% | 1.71% |
| Daily Std Dev | 3.90% | 6.29% |
| Max Drawdown | -21.73% | -17.02% |
| Current Drawdown | -1.21% | -8.31% |
Correlation
The correlation between AMHIX and AMUSX is 0.50, 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.
Performance
AMHIX vs. AMUSX - Performance Comparison
In the year-to-date period, AMHIX achieves a 6.59% return, which is significantly higher than AMUSX's 1.62% return. Over the past 10 years, AMHIX has outperformed AMUSX with an annualized return of 3.78%, while AMUSX has yielded a comparatively lower 1.03% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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. AMUSX - Expense Ratio Comparison
AMHIX has a 0.63% expense ratio, which is higher than AMUSX's 0.61% expense ratio.
Risk-Adjusted Performance
AMHIX vs. AMUSX - 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 U.S. Government Securities Fund (AMUSX). 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.
Dividends
AMHIX vs. AMUSX - Dividend Comparison
AMHIX's dividend yield for the trailing twelve months is around 3.45%, less than AMUSX's 4.10% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMHIX American High-Income Municipal Bond Fund | 3.45% | 3.46% | 3.39% | 3.45% | 4.22% | 3.20% | 3.67% | 3.70% | 3.89% | 4.01% | 4.20% | 4.55% |
AMUSX American Funds U.S. Government Securities Fund | 4.10% | 3.44% | 2.60% | 1.06% | 1.01% | 1.85% | 1.72% | 1.22% | 1.13% | 1.31% | 1.01% | 1.79% |
Drawdowns
AMHIX vs. AMUSX - Drawdown Comparison
The maximum AMHIX drawdown since its inception was -21.73%, which is greater than AMUSX's maximum drawdown of -17.02%. Use the drawdown chart below to compare losses from any high point for AMHIX and AMUSX. For additional features, visit the drawdowns tool.
Volatility
AMHIX vs. AMUSX - Volatility Comparison
The current volatility for American High-Income Municipal Bond Fund (AMHIX) is 0.85%, while American Funds U.S. Government Securities Fund (AMUSX) has a volatility of 1.51%. This indicates that AMHIX experiences smaller price fluctuations and is considered to be less risky than AMUSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.