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AMUSX vs. AMHIX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between AMUSX and AMHIX is 0.50, 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.


-0.50.00.51.00.5

Performance

AMUSX vs. AMHIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Funds U.S. Government Securities Fund (AMUSX) and American High-Income Municipal Bond Fund (AMHIX). The values are adjusted to include any dividend payments, if applicable.

-2.00%-1.00%0.00%1.00%2.00%3.00%SeptemberOctoberNovemberDecember2025
-0.73%
1.13%
AMUSX
AMHIX

Key characteristics

Sharpe Ratio

AMUSX:

0.35

AMHIX:

1.82

Sortino Ratio

AMUSX:

0.53

AMHIX:

2.53

Omega Ratio

AMUSX:

1.07

AMHIX:

1.39

Calmar Ratio

AMUSX:

0.12

AMHIX:

1.21

Martin Ratio

AMUSX:

0.77

AMHIX:

6.56

Ulcer Index

AMUSX:

2.55%

AMHIX:

1.09%

Daily Std Dev

AMUSX:

5.59%

AMHIX:

3.94%

Max Drawdown

AMUSX:

-20.15%

AMHIX:

-21.73%

Current Drawdown

AMUSX:

-12.26%

AMHIX:

-1.59%

Returns By Period

In the year-to-date period, AMUSX achieves a 0.43% return, which is significantly higher than AMHIX's 0.20% return.


AMUSX

YTD

0.43%

1M

0.43%

6M

-0.73%

1Y

1.13%

5Y*

-1.03%

10Y*

0.00%

AMHIX

YTD

0.20%

1M

0.20%

6M

1.13%

1Y

5.96%

5Y*

1.68%

10Y*

3.30%

*Annualized

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


AMUSX vs. AMHIX - Expense Ratio Comparison

AMUSX has a 0.61% expense ratio, which is lower than AMHIX's 0.63% expense ratio.


AMHIX
American High-Income Municipal Bond Fund
Expense ratio chart for AMHIX: current value at 0.63% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.63%
Expense ratio chart for AMUSX: current value at 0.61% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.61%

Risk-Adjusted Performance

AMUSX vs. AMHIX — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AMUSX
The Risk-Adjusted Performance Rank of AMUSX is 1212
Overall Rank
The Sharpe Ratio Rank of AMUSX is 1414
Sharpe Ratio Rank
The Sortino Ratio Rank of AMUSX is 1414
Sortino Ratio Rank
The Omega Ratio Rank of AMUSX is 1212
Omega Ratio Rank
The Calmar Ratio Rank of AMUSX is 1010
Calmar Ratio Rank
The Martin Ratio Rank of AMUSX is 1212
Martin Ratio Rank

AMHIX
The Risk-Adjusted Performance Rank of AMHIX is 8181
Overall Rank
The Sharpe Ratio Rank of AMHIX is 8686
Sharpe Ratio Rank
The Sortino Ratio Rank of AMHIX is 8686
Sortino Ratio Rank
The Omega Ratio Rank of AMHIX is 8989
Omega Ratio Rank
The Calmar Ratio Rank of AMHIX is 7272
Calmar Ratio Rank
The Martin Ratio Rank of AMHIX is 7272
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

AMUSX vs. AMHIX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for American Funds U.S. Government Securities Fund (AMUSX) and American High-Income Municipal Bond Fund (AMHIX). 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.


Sharpe ratio
The chart of Sharpe ratio for AMUSX, currently valued at 0.35, compared to the broader market-1.000.001.002.003.004.000.351.82
The chart of Sortino ratio for AMUSX, currently valued at 0.53, compared to the broader market0.002.004.006.008.0010.0012.000.532.53
The chart of Omega ratio for AMUSX, currently valued at 1.07, compared to the broader market1.002.003.004.001.071.39
The chart of Calmar ratio for AMUSX, currently valued at 0.12, compared to the broader market0.005.0010.0015.0020.000.121.21
The chart of Martin ratio for AMUSX, currently valued at 0.77, compared to the broader market0.0020.0040.0060.0080.000.776.56
AMUSX
AMHIX

The current AMUSX Sharpe Ratio is 0.35, which is lower than the AMHIX Sharpe Ratio of 1.82. The chart below compares the historical Sharpe Ratios of AMUSX and AMHIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.001.002.003.004.00SeptemberOctoberNovemberDecember2025
0.35
1.82
AMUSX
AMHIX

Dividends

AMUSX vs. AMHIX - Dividend Comparison

AMUSX's dividend yield for the trailing twelve months is around 3.82%, more than AMHIX's 3.52% yield.


TTM20242023202220212020201920182017201620152014
AMUSX
American Funds U.S. Government Securities Fund
3.82%4.19%3.44%2.60%1.06%1.01%1.85%1.72%1.22%1.13%1.31%1.01%
AMHIX
American High-Income Municipal Bond Fund
3.52%3.84%3.77%3.39%2.72%3.25%3.39%3.68%3.71%3.89%4.01%4.20%

Drawdowns

AMUSX vs. AMHIX - Drawdown Comparison

The maximum AMUSX drawdown since its inception was -20.15%, smaller than the maximum AMHIX drawdown of -21.73%. Use the drawdown chart below to compare losses from any high point for AMUSX and AMHIX. For additional features, visit the drawdowns tool.


-14.00%-12.00%-10.00%-8.00%-6.00%-4.00%-2.00%0.00%SeptemberOctoberNovemberDecember2025
-12.26%
-1.59%
AMUSX
AMHIX

Volatility

AMUSX vs. AMHIX - Volatility Comparison

American Funds U.S. Government Securities Fund (AMUSX) has a higher volatility of 1.57% compared to American High-Income Municipal Bond Fund (AMHIX) at 1.20%. This indicates that AMUSX's price experiences larger fluctuations and is considered to be riskier than AMHIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.50%1.00%1.50%2.00%SeptemberOctoberNovemberDecember2025
1.57%
1.20%
AMUSX
AMHIX
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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