AMHIX vs. HHMIX
Compare and contrast key facts about American High-Income Municipal Bond Fund (AMHIX) and Hartford Municipal Opportunities Fund (HHMIX).
AMHIX is managed by American Funds. It was launched on Sep 25, 1994. HHMIX is managed by Hartford. It was launched on May 30, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AMHIX or HHMIX.
Performance
AMHIX vs. HHMIX - Performance Comparison
Returns By Period
In the year-to-date period, AMHIX achieves a 6.54% return, which is significantly higher than HHMIX's 2.75% return. Over the past 10 years, AMHIX has outperformed HHMIX with an annualized return of 3.64%, while HHMIX has yielded a comparatively lower 2.53% annualized return.
AMHIX
6.54%
0.28%
5.26%
11.94%
2.20%
3.64%
HHMIX
2.75%
0.14%
3.01%
6.61%
1.34%
2.53%
Key characteristics
| AMHIX | HHMIX | |
|---|---|---|
| Sharpe Ratio | 3.08 | 2.40 |
| Sortino Ratio | 4.69 | 3.85 |
| Omega Ratio | 1.75 | 1.58 |
| Calmar Ratio | 1.20 | 0.97 |
| Martin Ratio | 14.87 | 11.28 |
| Ulcer Index | 0.82% | 0.61% |
| Daily Std Dev | 3.95% | 2.86% |
| Max Drawdown | -21.73% | -27.37% |
| Current Drawdown | -1.26% | -1.04% |
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AMHIX vs. HHMIX - Expense Ratio Comparison
AMHIX has a 0.63% expense ratio, which is higher than HHMIX's 0.44% expense ratio.
Correlation
The correlation between AMHIX and HHMIX is 0.82, 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.
Risk-Adjusted Performance
AMHIX vs. HHMIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American High-Income Municipal Bond Fund (AMHIX) and Hartford Municipal Opportunities Fund (HHMIX). 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. HHMIX - Dividend Comparison
AMHIX's dividend yield for the trailing twelve months is around 3.80%, more than HHMIX's 3.23% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMHIX American High-Income Municipal Bond Fund | 3.80% | 3.77% | 3.39% | 2.72% | 3.25% | 3.39% | 3.68% | 3.71% | 3.89% | 4.01% | 4.20% | 4.55% |
HHMIX Hartford Municipal Opportunities Fund | 3.23% | 2.92% | 2.27% | 1.89% | 2.18% | 2.62% | 3.09% | 2.76% | 2.77% | 3.07% | 3.15% | 3.68% |
Drawdowns
AMHIX vs. HHMIX - Drawdown Comparison
The maximum AMHIX drawdown since its inception was -21.73%, smaller than the maximum HHMIX drawdown of -27.37%. Use the drawdown chart below to compare losses from any high point for AMHIX and HHMIX. For additional features, visit the drawdowns tool.
Volatility
AMHIX vs. HHMIX - Volatility Comparison
American High-Income Municipal Bond Fund (AMHIX) has a higher volatility of 1.56% compared to Hartford Municipal Opportunities Fund (HHMIX) at 1.06%. This indicates that AMHIX's price experiences larger fluctuations and is considered to be riskier than HHMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.