AMHIX vs. MGK
Compare and contrast key facts about American High-Income Municipal Bond Fund (AMHIX) and Vanguard Mega Cap Growth ETF (MGK).
AMHIX is managed by American Funds. It was launched on Sep 25, 1994. MGK is a passively managed fund by Vanguard that tracks the performance of the MSCI US Large Cap Growth Index. It was launched on Dec 17, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AMHIX or MGK.
Key characteristics
| AMHIX | MGK | |
|---|---|---|
| YTD Return | 6.82% | 21.61% |
| 1Y Return | 12.19% | 31.50% |
| 3Y Return (Ann) | 0.55% | 9.19% |
| 5Y Return (Ann) | 2.64% | 19.39% |
| 10Y Return (Ann) | 3.92% | 16.02% |
| Sharpe Ratio | 2.73 | 1.82 |
| Daily Std Dev | 4.41% | 17.72% |
| Max Drawdown | -21.73% | -48.36% |
| Current Drawdown | 0.00% | -4.63% |
Correlation
The correlation between AMHIX and MGK is -0.08. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
AMHIX vs. MGK - Performance Comparison
In the year-to-date period, AMHIX achieves a 6.82% return, which is significantly lower than MGK's 21.61% return. Over the past 10 years, AMHIX has underperformed MGK with an annualized return of 3.92%, while MGK has yielded a comparatively higher 16.02% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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AMHIX vs. MGK - Expense Ratio Comparison
AMHIX has a 0.63% expense ratio, which is higher than MGK's 0.07% expense ratio.
Risk-Adjusted Performance
AMHIX vs. MGK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American High-Income Municipal Bond Fund (AMHIX) and Vanguard Mega Cap Growth ETF (MGK). 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. MGK - Dividend Comparison
AMHIX's dividend yield for the trailing twelve months is around 3.43%, more than MGK's 0.43% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMHIX American High-Income Municipal Bond Fund | 3.43% | 3.46% | 3.39% | 3.45% | 4.22% | 3.20% | 3.67% | 3.70% | 3.89% | 4.01% | 4.20% | 4.55% |
MGK Vanguard Mega Cap Growth ETF | 0.43% | 0.50% | 0.70% | 0.41% | 0.65% | 0.85% | 1.12% | 1.23% | 1.53% | 1.43% | 1.25% | 1.29% |
Drawdowns
AMHIX vs. MGK - Drawdown Comparison
The maximum AMHIX drawdown since its inception was -21.73%, smaller than the maximum MGK drawdown of -48.36%. Use the drawdown chart below to compare losses from any high point for AMHIX and MGK. For additional features, visit the drawdowns tool.
Volatility
AMHIX vs. MGK - Volatility Comparison
The current volatility for American High-Income Municipal Bond Fund (AMHIX) is 0.59%, while Vanguard Mega Cap Growth ETF (MGK) has a volatility of 5.87%. This indicates that AMHIX experiences smaller price fluctuations and is considered to be less risky than MGK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.