CGFAX vs. HIMFX
CGFAX (American Funds The Growth Fund of America Class 529-A) and HIMFX (American High-Income Municipal Bond Fund Class F-3) are both mutual funds - CGFAX is a Large Cap Growth Equities fund actively managed by Capital Group, while HIMFX is a High Yield Muni fund actively managed by Capital Group. Both are actively managed. Over the past 5 years, CGFAX returned 9.95%/yr vs 1.37%/yr for HIMFX. Their 0.06 correlation means their historical movements had little consistent relationship. CGFAX charges 0.62%/yr vs 0.31%/yr for HIMFX.
Performance
CGFAX vs. HIMFX - Performance Comparison
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Returns By Period
In the year-to-date period, CGFAX achieves a 4.27% return, which is significantly higher than HIMFX's 1.72% return.
CGFAX
- 1D
- -0.38%
- 1M
- -2.33%
- 6M
- 2.17%
- YTD
- 4.27%
- 1Y
- 10.07%
- 3Y*
- 19.69%
- 5Y*
- 9.95%
- 10Y*
- 14.97%
- ALL TIME*
- 10.57%
HIMFX
- 1D
- 0.20%
- 1M
- -1.15%
- 6M
- 1.52%
- YTD
- 1.72%
- 1Y
- 8.29%
- 3Y*
- 5.53%
- 5Y*
- 1.37%
- 10Y*
- —
- ALL TIME*
- 3.78%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
CGFAX vs. HIMFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CGFAX American Funds The Growth Fund of America Class 529-A | 4.27% | 19.69% | 27.99% | 37.14% | -30.76% | 19.26% | 37.81% | 28.09% | -3.25% | 20.59% |
HIMFX American High-Income Municipal Bond Fund Class F-3 | 1.72% | 4.69% | 6.23% | 7.89% | -12.36% | 5.60% | 4.74% | 8.92% | 1.91% | 8.22% |
Correlation
The correlation between CGFAX and HIMFX is 0.20, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.20 |
Correlation (3Y) Balances recent behavior with more history. | 0.14 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.13 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2017 | 0.06 |
The correlation between CGFAX and HIMFX shifts across timeframes, from 0.06 (all time) to 0.20 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
CGFAX vs. HIMFX — Risk / Return Rank
CGFAX
HIMFX
CGFAX vs. HIMFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds The Growth Fund of America Class 529-A (CGFAX) and American High-Income Municipal Bond Fund Class F-3 (HIMFX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CGFAX | HIMFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.10 | ||
| Sortino ratioReturn per unit of downside risk | -3.33 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.65 | -0.53 |
| Calmar ratioReturn relative to maximum drawdown | 0.74 | 3.01 | -2.27 |
| Martin ratioReturn relative to average drawdown | 2.75 | 10.87 | -8.12 |
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Drawdowns
CGFAX vs. HIMFX - Drawdown Comparison
The maximum CGFAX drawdown since its inception was -51.91%, which is greater than HIMFX's maximum drawdown of -17.57%. Use the drawdown chart below to compare losses from any high point for CGFAX and HIMFX.
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Drawdown Indicators
| CGFAX | HIMFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.91% | -17.57% | -34.34% |
Max Drawdown (1Y)Largest decline over 1 year | -13.77% | -2.76% | -11.01% |
Max Drawdown (3Y)Largest decline over 3 years | -21.58% | -6.14% | -15.44% |
Max Drawdown (5Y)Largest decline over 5 years | -36.39% | -17.57% | -18.82% |
Max Drawdown (10Y)Largest decline over 10 years | -36.39% | — | — |
Current DrawdownCurrent decline from peak | -5.58% | -1.67% | -3.91% |
Average DrawdownAverage peak-to-trough decline | -8.57% | -3.13% | -5.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.72% | 0.76% | +2.96% |
Volatility
CGFAX vs. HIMFX - Volatility Comparison
American Funds The Growth Fund of America Class 529-A (CGFAX) has a higher volatility of 4.47% compared to American High-Income Municipal Bond Fund Class F-3 (HIMFX) at 1.02%. This indicates that CGFAX's price experiences larger fluctuations and is considered to be riskier than HIMFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CGFAX | HIMFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.47% | 1.02% | +3.45% |
Volatility (6M)Calculated over the trailing 6-month period | 13.38% | 2.37% | +11.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.76% | 3.08% | +13.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.54% | 4.84% | +15.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.78% | 4.58% | +15.20% |
CGFAX vs. HIMFX - Expense Ratio Comparison
CGFAX has a 0.62% expense ratio, which is higher than HIMFX's 0.31% expense ratio.
Dividends
CGFAX vs. HIMFX - Dividend Comparison
CGFAX's dividend yield for the trailing twelve months is around 10.44%, more than HIMFX's 4.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CGFAX American Funds The Growth Fund of America Class 529-A | 10.44% | 10.88% | 9.12% | 7.48% | 4.09% | 8.26% | 4.34% | 7.18% | 12.03% | 7.07% | 6.60% | 8.86% |
HIMFX American High-Income Municipal Bond Fund Class F-3 | 4.28% | 4.32% | 3.83% | 3.71% | 2.80% | 3.54% | 3.73% | 3.49% | 3.99% | 3.61% | 0.00% | 0.00% |
Frequently Asked Questions
CGFAX and HIMFX have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CGFAX has higher volatility (4.47%) compared to HIMFX (1.02%). In terms of maximum drawdown, CGFAX dropped -51.91% vs HIMFX's -17.57%.
HIMFX currently has the higher Sharpe Ratio (2.71 vs 0.61), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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