AMUSX vs. AMHIX
Compare and contrast key facts about American Funds U.S. Government Securities Fund (AMUSX) and American High-Income Municipal Bond Fund (AMHIX).
AMUSX is managed by American Funds. It was launched on Oct 16, 1985. AMHIX is managed by American Funds. It was launched on Sep 25, 1994.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AMUSX or AMHIX.
Performance
AMUSX vs. AMHIX - Performance Comparison
Returns By Period
In the year-to-date period, AMUSX achieves a 0.36% return, which is significantly lower than AMHIX's 6.54% return. Over the past 10 years, AMUSX has underperformed AMHIX with an annualized return of 0.16%, while AMHIX has yielded a comparatively higher 3.64% annualized return.
AMUSX
0.36%
-1.24%
2.59%
4.57%
-1.05%
0.16%
AMHIX
6.54%
-0.05%
4.98%
12.18%
2.20%
3.64%
Key characteristics
| AMUSX | AMHIX | |
|---|---|---|
| Sharpe Ratio | 0.80 | 3.14 |
| Sortino Ratio | 1.18 | 4.77 |
| Omega Ratio | 1.14 | 1.77 |
| Calmar Ratio | 0.27 | 1.20 |
| Martin Ratio | 2.31 | 15.23 |
| Ulcer Index | 2.01% | 0.81% |
| Daily Std Dev | 5.79% | 3.96% |
| Max Drawdown | -20.15% | -21.73% |
| Current Drawdown | -12.86% | -1.26% |
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AMUSX vs. AMHIX - Expense Ratio Comparison
AMUSX has a 0.61% expense ratio, which is lower than AMHIX's 0.63% expense ratio.
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.
Risk-Adjusted Performance
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.
Dividends
AMUSX vs. AMHIX - Dividend Comparison
AMUSX's dividend yield for the trailing twelve months is around 4.17%, more than AMHIX's 3.80% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMUSX American Funds U.S. Government Securities Fund | 4.17% | 3.44% | 2.60% | 1.06% | 1.01% | 1.85% | 1.72% | 1.22% | 1.13% | 1.31% | 1.01% | 1.79% |
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% |
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.
Volatility
AMUSX vs. AMHIX - Volatility Comparison
The current volatility for American Funds U.S. Government Securities Fund (AMUSX) is 1.26%, while American High-Income Municipal Bond Fund (AMHIX) has a volatility of 1.80%. This indicates that AMUSX experiences smaller price fluctuations and is considered to be less risky than AMHIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.