AMHIX vs. VTEB
Compare and contrast key facts about American High-Income Municipal Bond Fund (AMHIX) and Vanguard Tax-Exempt Bond ETF (VTEB).
AMHIX is managed by American Funds. It was launched on Sep 25, 1994. VTEB is a passively managed fund by Vanguard that tracks the performance of the S&P National AMT-Free Municipal Bond Index. It was launched on Aug 21, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AMHIX or VTEB.
Key characteristics
| AMHIX | VTEB | |
|---|---|---|
| YTD Return | 6.59% | 1.78% |
| 1Y Return | 16.93% | 10.50% |
| 3Y Return (Ann) | 0.91% | 0.09% |
| 5Y Return (Ann) | 2.53% | 1.25% |
| Sharpe Ratio | 4.35 | 2.60 |
| Sortino Ratio | 7.90 | 4.23 |
| Omega Ratio | 2.19 | 1.52 |
| Calmar Ratio | 1.23 | 0.95 |
| Martin Ratio | 27.35 | 12.25 |
| Ulcer Index | 0.62% | 0.82% |
| Daily Std Dev | 3.90% | 3.84% |
| Max Drawdown | -21.73% | -17.00% |
| Current Drawdown | -1.21% | -1.03% |
Correlation
The correlation between AMHIX and VTEB is 0.64, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
AMHIX vs. VTEB - Performance Comparison
In the year-to-date period, AMHIX achieves a 6.59% return, which is significantly higher than VTEB's 1.78% 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. VTEB - Expense Ratio Comparison
AMHIX has a 0.63% expense ratio, which is higher than VTEB's 0.05% expense ratio.
Risk-Adjusted Performance
AMHIX vs. VTEB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American High-Income Municipal Bond Fund (AMHIX) and Vanguard Tax-Exempt Bond ETF (VTEB). 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. VTEB - Dividend Comparison
AMHIX's dividend yield for the trailing twelve months is around 3.45%, more than VTEB's 3.06% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMHIX American High-Income Municipal Bond Fund | 3.45% | 3.46% | 3.39% | 3.45% | 4.22% | 3.20% | 3.67% | 3.70% | 3.89% | 4.01% | 4.20% | 4.55% |
VTEB Vanguard Tax-Exempt Bond ETF | 3.06% | 2.79% | 2.09% | 1.64% | 1.99% | 2.30% | 2.25% | 1.96% | 1.66% | 0.58% | 0.00% | 0.00% |
Drawdowns
AMHIX vs. VTEB - Drawdown Comparison
The maximum AMHIX drawdown since its inception was -21.73%, which is greater than VTEB's maximum drawdown of -17.00%. Use the drawdown chart below to compare losses from any high point for AMHIX and VTEB. For additional features, visit the drawdowns tool.
Volatility
AMHIX vs. VTEB - Volatility Comparison
American High-Income Municipal Bond Fund (AMHIX) has a higher volatility of 0.85% compared to Vanguard Tax-Exempt Bond ETF (VTEB) at 0.78%. This indicates that AMHIX's price experiences larger fluctuations and is considered to be riskier than VTEB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.