AMHIX vs. PRFHX
Compare and contrast key facts about American High-Income Municipal Bond Fund (AMHIX) and T. Rowe Price Tax Free High Yield Fund (PRFHX).
AMHIX is managed by American Funds. It was launched on Sep 25, 1994. PRFHX is managed by T. Rowe Price. It was launched on Feb 28, 1985.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AMHIX or PRFHX.
Correlation
The correlation between AMHIX and PRFHX is -0.03. 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. PRFHX - Performance Comparison
Key characteristics
AMHIX:
0.45
PRFHX:
0.23
AMHIX:
0.71
PRFHX:
0.45
AMHIX:
1.13
PRFHX:
1.08
AMHIX:
0.53
PRFHX:
0.29
AMHIX:
1.89
PRFHX:
1.14
AMHIX:
1.68%
PRFHX:
1.81%
AMHIX:
6.02%
PRFHX:
6.49%
AMHIX:
-21.73%
PRFHX:
-24.76%
AMHIX:
-3.43%
PRFHX:
-4.11%
Returns By Period
In the year-to-date period, AMHIX achieves a -1.56% return, which is significantly higher than PRFHX's -2.14% return. Over the past 10 years, AMHIX has outperformed PRFHX with an annualized return of 3.21%, while PRFHX has yielded a comparatively lower 2.66% annualized return.
AMHIX
-1.56%
0.95%
-0.88%
2.70%
3.22%
3.21%
PRFHX
-2.14%
1.13%
-1.62%
1.51%
2.88%
2.66%
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AMHIX vs. PRFHX - Expense Ratio Comparison
Both AMHIX and PRFHX have an expense ratio of 0.63%.
Risk-Adjusted Performance
AMHIX vs. PRFHX — Risk-Adjusted Performance Rank
AMHIX
PRFHX
AMHIX vs. PRFHX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American High-Income Municipal Bond Fund (AMHIX) and T. Rowe Price Tax Free High Yield Fund (PRFHX). 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. PRFHX - Dividend Comparison
AMHIX's dividend yield for the trailing twelve months is around 3.62%, which matches PRFHX's 3.63% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMHIX American High-Income Municipal Bond Fund | 3.62% | 3.84% | 3.77% | 3.39% | 2.72% | 3.25% | 3.39% | 3.68% | 3.71% | 3.89% | 4.01% | 4.20% |
PRFHX T. Rowe Price Tax Free High Yield Fund | 3.63% | 3.80% | 3.62% | 3.75% | 2.98% | 3.50% | 3.53% | 3.68% | 3.62% | 3.89% | 4.01% | 4.13% |
Drawdowns
AMHIX vs. PRFHX - Drawdown Comparison
The maximum AMHIX drawdown since its inception was -21.73%, smaller than the maximum PRFHX drawdown of -24.76%. Use the drawdown chart below to compare losses from any high point for AMHIX and PRFHX. For additional features, visit the drawdowns tool.
Volatility
AMHIX vs. PRFHX - Volatility Comparison
The current volatility for American High-Income Municipal Bond Fund (AMHIX) is 3.64%, while T. Rowe Price Tax Free High Yield Fund (PRFHX) has a volatility of 4.23%. This indicates that AMHIX experiences smaller price fluctuations and is considered to be less risky than PRFHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.