CGMU vs. AMHIX
Compare and contrast key facts about Capital Group Municipal Income ETF (CGMU) and American High-Income Municipal Bond Fund (AMHIX).
CGMU is an actively managed fund by Capital Group. It was launched on Oct 25, 2022. 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: CGMU or AMHIX.
Key characteristics
| CGMU | AMHIX | |
|---|---|---|
| YTD Return | 3.46% | 7.01% |
| 1Y Return | 10.59% | 16.45% |
| Sharpe Ratio | 2.98 | 3.87 |
| Sortino Ratio | 5.09 | 6.63 |
| Omega Ratio | 1.63 | 2.01 |
| Calmar Ratio | 2.44 | 1.12 |
| Martin Ratio | 21.43 | 24.61 |
| Ulcer Index | 0.47% | 0.63% |
| Daily Std Dev | 3.36% | 4.02% |
| Max Drawdown | -4.11% | -21.73% |
| Current Drawdown | -0.47% | -0.83% |
Correlation
The correlation between CGMU and AMHIX is 0.69, 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
CGMU vs. AMHIX - Performance Comparison
In the year-to-date period, CGMU achieves a 3.46% return, which is significantly lower than AMHIX's 7.01% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
CGMU vs. AMHIX - Expense Ratio Comparison
CGMU has a 0.27% expense ratio, which is lower than AMHIX's 0.63% expense ratio.
Risk-Adjusted Performance
CGMU vs. AMHIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Capital Group Municipal Income ETF (CGMU) 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
CGMU vs. AMHIX - Dividend Comparison
CGMU's dividend yield for the trailing twelve months is around 3.13%, less than AMHIX's 3.44% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CGMU Capital Group Municipal Income ETF | 3.13% | 3.09% | 0.49% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
AMHIX American High-Income Municipal Bond Fund | 3.44% | 3.46% | 3.39% | 3.45% | 4.22% | 3.20% | 3.67% | 3.70% | 3.89% | 4.01% | 4.20% | 4.55% |
Drawdowns
CGMU vs. AMHIX - Drawdown Comparison
The maximum CGMU drawdown since its inception was -4.11%, smaller than the maximum AMHIX drawdown of -21.73%. Use the drawdown chart below to compare losses from any high point for CGMU and AMHIX. For additional features, visit the drawdowns tool.
Volatility
CGMU vs. AMHIX - Volatility Comparison
The current volatility for Capital Group Municipal Income ETF (CGMU) is 0.63%, while American High-Income Municipal Bond Fund (AMHIX) has a volatility of 0.78%. This indicates that CGMU 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.