AMHIX vs. LTEBX
Compare and contrast key facts about American High-Income Municipal Bond Fund (AMHIX) and American Funds Limited Term Tax-Exempt Bond Fund (LTEBX).
AMHIX is managed by American Funds. It was launched on Sep 25, 1994. LTEBX is managed by American Funds. It was launched on Oct 5, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AMHIX or LTEBX.
Performance
AMHIX vs. LTEBX - Performance Comparison
Returns By Period
In the year-to-date period, AMHIX achieves a 6.54% return, which is significantly higher than LTEBX's 2.07% return. Over the past 10 years, AMHIX has outperformed LTEBX with an annualized return of 3.64%, while LTEBX has yielded a comparatively lower 1.35% annualized return.
AMHIX
6.54%
0.28%
5.26%
11.94%
2.20%
3.64%
LTEBX
2.07%
0.01%
2.92%
4.81%
0.82%
1.35%
Key characteristics
| AMHIX | LTEBX | |
|---|---|---|
| Sharpe Ratio | 3.08 | 2.23 |
| Sortino Ratio | 4.69 | 3.45 |
| Omega Ratio | 1.75 | 1.51 |
| Calmar Ratio | 1.20 | 1.06 |
| Martin Ratio | 14.87 | 8.67 |
| Ulcer Index | 0.82% | 0.56% |
| Daily Std Dev | 3.95% | 2.19% |
| Max Drawdown | -21.73% | -8.45% |
| Current Drawdown | -1.26% | -0.96% |
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AMHIX vs. LTEBX - Expense Ratio Comparison
AMHIX has a 0.63% expense ratio, which is higher than LTEBX's 0.57% expense ratio.
Correlation
The correlation between AMHIX and LTEBX 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. LTEBX - 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 Limited Term Tax-Exempt Bond Fund (LTEBX). 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. LTEBX - Dividend Comparison
AMHIX's dividend yield for the trailing twelve months is around 3.80%, more than LTEBX's 2.25% 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% |
LTEBX American Funds Limited Term Tax-Exempt Bond Fund | 2.25% | 1.92% | 1.17% | 0.81% | 1.35% | 1.86% | 2.04% | 2.04% | 2.09% | 2.35% | 2.44% | 2.48% |
Drawdowns
AMHIX vs. LTEBX - Drawdown Comparison
The maximum AMHIX drawdown since its inception was -21.73%, which is greater than LTEBX's maximum drawdown of -8.45%. Use the drawdown chart below to compare losses from any high point for AMHIX and LTEBX. For additional features, visit the drawdowns tool.
Volatility
AMHIX vs. LTEBX - Volatility Comparison
American High-Income Municipal Bond Fund (AMHIX) has a higher volatility of 1.56% compared to American Funds Limited Term Tax-Exempt Bond Fund (LTEBX) at 0.88%. This indicates that AMHIX's price experiences larger fluctuations and is considered to be riskier than LTEBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.