AMHIX vs. EWHYX
Compare and contrast key facts about American High-Income Municipal Bond Fund (AMHIX) and Eaton Vance High Yield Municipal Income Fund Class W (EWHYX).
AMHIX is managed by American Funds. It was launched on Sep 25, 1994. EWHYX is an actively managed fund by Eaton Vance. It was launched on May 9, 2007.
Performance
AMHIX vs. EWHYX - Performance Comparison
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AMHIX vs. EWHYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
AMHIX American High-Income Municipal Bond Fund | -0.18% | 5.70% | 6.19% | 7.18% | -12.59% | 0.49% |
EWHYX Eaton Vance High Yield Municipal Income Fund Class W | 0.37% | 3.59% | 5.42% | 7.74% | -11.72% | 0.21% |
Returns By Period
In the year-to-date period, AMHIX achieves a -0.18% return, which is significantly lower than EWHYX's 0.37% return.
AMHIX
- 1D
- 0.33%
- 1M
- -2.06%
- YTD
- -0.18%
- 6M
- 1.38%
- 1Y
- 3.94%
- 3Y*
- 5.41%
- 5Y*
- 1.70%
- 10Y*
- 3.24%
EWHYX
- 1D
- 0.38%
- 1M
- -2.08%
- YTD
- 0.37%
- 6M
- 2.18%
- 1Y
- 3.60%
- 3Y*
- 4.88%
- 5Y*
- —
- 10Y*
- —
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AMHIX vs. EWHYX - Expense Ratio Comparison
AMHIX has a 0.63% expense ratio, which is higher than EWHYX's 0.18% expense ratio.
Return for Risk
AMHIX vs. EWHYX — Risk / Return Rank
AMHIX
EWHYX
AMHIX vs. EWHYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American High-Income Municipal Bond Fund (AMHIX) and Eaton Vance High Yield Municipal Income Fund Class W (EWHYX). 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 | EWHYX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.68 | 0.61 | +0.07 |
Sortino ratioReturn per unit of downside risk | 0.92 | 0.84 | +0.08 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.16 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | 0.94 | 0.71 | +0.23 |
Martin ratioReturn relative to average drawdown | 3.03 | 1.85 | +1.18 |
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 | EWHYX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.68 | 0.61 | +0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.72 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.39 | 0.19 | +1.20 |
Correlation
The correlation between AMHIX and EWHYX is 0.92, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
AMHIX vs. EWHYX - Dividend Comparison
AMHIX's dividend yield for the trailing twelve months is around 4.02%, less than EWHYX's 4.73% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMHIX American High-Income Municipal Bond Fund | 4.02% | 5.26% | 3.80% | 3.10% | 2.53% | 3.23% | 3.40% | 3.46% | 3.67% | 4.01% | 3.55% | 4.03% |
EWHYX Eaton Vance High Yield Municipal Income Fund Class W | 4.73% | 5.06% | 4.92% | 3.97% | 4.60% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
AMHIX vs. EWHYX - Drawdown Comparison
The maximum AMHIX drawdown since its inception was -21.74%, which is greater than EWHYX's maximum drawdown of -16.52%. Use the drawdown chart below to compare losses from any high point for AMHIX and EWHYX.
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Drawdown Indicators
| AMHIX | EWHYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.74% | -16.52% | -5.22% |
Max Drawdown (1Y)Largest decline over 1 year | -5.60% | -6.59% | +0.99% |
Max Drawdown (5Y)Largest decline over 5 years | -17.81% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -17.81% | — | — |
Current DrawdownCurrent decline from peak | -2.38% | -2.43% | +0.05% |
Average DrawdownAverage peak-to-trough decline | -2.13% | -5.55% | +3.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.73% | 2.53% | -0.80% |
Volatility
AMHIX vs. EWHYX - Volatility Comparison
American High-Income Municipal Bond Fund (AMHIX) and Eaton Vance High Yield Municipal Income Fund Class W (EWHYX) have volatilities of 1.15% and 1.21%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AMHIX | EWHYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.15% | 1.21% | -0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 1.86% | 2.17% | -0.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.42% | 6.62% | -0.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.80% | 5.27% | -0.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.51% | 5.27% | -0.76% |