CAPAX vs. ACTHX
Compare and contrast key facts about Federated Hermes Capital Income Fund (CAPAX) and Invesco High Yield Municipal Fund (ACTHX).
CAPAX is managed by Federated. It was launched on May 26, 1988. ACTHX is managed by Invesco. It was launched on Jan 1, 1986.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CAPAX or ACTHX.
Correlation
The correlation between CAPAX and ACTHX is 0.07, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
CAPAX vs. ACTHX - Performance Comparison
Key characteristics
CAPAX:
1.56
ACTHX:
1.19
CAPAX:
2.17
ACTHX:
1.67
CAPAX:
1.29
ACTHX:
1.26
CAPAX:
2.99
ACTHX:
0.55
CAPAX:
8.67
ACTHX:
4.18
CAPAX:
1.06%
ACTHX:
1.34%
CAPAX:
5.91%
ACTHX:
4.72%
CAPAX:
-59.16%
ACTHX:
-27.29%
CAPAX:
-1.76%
ACTHX:
-3.57%
Returns By Period
In the year-to-date period, CAPAX achieves a 0.76% return, which is significantly lower than ACTHX's 1.26% return. Over the past 10 years, CAPAX has outperformed ACTHX with an annualized return of 4.43%, while ACTHX has yielded a comparatively lower 3.22% annualized return.
CAPAX
0.76%
-1.42%
2.51%
8.82%
5.85%
4.43%
ACTHX
1.26%
0.70%
1.23%
5.61%
0.38%
3.22%
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CAPAX vs. ACTHX - Expense Ratio Comparison
CAPAX has a 0.88% expense ratio, which is lower than ACTHX's 1.39% expense ratio.
Risk-Adjusted Performance
CAPAX vs. ACTHX — Risk-Adjusted Performance Rank
CAPAX
ACTHX
CAPAX vs. ACTHX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Federated Hermes Capital Income Fund (CAPAX) and Invesco High Yield Municipal Fund (ACTHX). 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
CAPAX vs. ACTHX - Dividend Comparison
CAPAX's dividend yield for the trailing twelve months is around 3.24%, less than ACTHX's 4.73% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CAPAX Federated Hermes Capital Income Fund | 3.24% | 3.23% | 3.37% | 3.69% | 3.31% | 3.45% | 3.64% | 4.43% | 3.91% | 4.23% | 5.54% | 6.10% |
ACTHX Invesco High Yield Municipal Fund | 4.73% | 5.21% | 5.06% | 4.73% | 3.95% | 4.30% | 4.32% | 4.75% | 4.72% | 5.17% | 4.99% | 5.21% |
Drawdowns
CAPAX vs. ACTHX - Drawdown Comparison
The maximum CAPAX drawdown since its inception was -59.16%, which is greater than ACTHX's maximum drawdown of -27.29%. Use the drawdown chart below to compare losses from any high point for CAPAX and ACTHX. For additional features, visit the drawdowns tool.
Volatility
CAPAX vs. ACTHX - Volatility Comparison
Federated Hermes Capital Income Fund (CAPAX) has a higher volatility of 1.74% compared to Invesco High Yield Municipal Fund (ACTHX) at 1.18%. This indicates that CAPAX's price experiences larger fluctuations and is considered to be riskier than ACTHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.