DFEVX vs. AMHIX
DFEVX (DFA Emerging Markets Value Portfolio) and AMHIX (American High-Income Municipal Bond Fund) are both mutual funds - DFEVX is a Emerging Markets Diversified fund managed by Dimensional, while AMHIX is a High Yield Muni fund managed by American Funds. Over the past 10 years, DFEVX returned 11.68%/yr vs 3.17%/yr for AMHIX. At a correlation of -0.06, they often move in opposite directions. DFEVX charges 0.45%/yr vs 0.63%/yr for AMHIX.
Performance
DFEVX vs. AMHIX - Performance Comparison
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Returns By Period
In the year-to-date period, DFEVX achieves a 24.53% return, which is significantly higher than AMHIX's 2.36% return. Over the past 10 years, DFEVX has outperformed AMHIX with an annualized return of 11.68%, while AMHIX has yielded a comparatively lower 3.17% annualized return.
DFEVX
- 1D
- -0.32%
- 1M
- 5.11%
- YTD
- 24.53%
- 6M
- 25.55%
- 1Y
- 45.35%
- 3Y*
- 22.91%
- 5Y*
- 11.74%
- 10Y*
- 11.68%
AMHIX
- 1D
- -0.06%
- 1M
- 1.77%
- YTD
- 2.36%
- 6M
- 2.91%
- 1Y
- 7.80%
- 3Y*
- 5.91%
- 5Y*
- 1.67%
- 10Y*
- 3.17%
DFEVX vs. AMHIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DFEVX DFA Emerging Markets Value Portfolio | 24.53% | 29.50% | 6.17% | 16.50% | -10.77% | 12.42% | 2.73% | 9.64% | -11.92% | 33.77% |
AMHIX American High-Income Municipal Bond Fund | 2.36% | 5.70% | 6.19% | 7.18% | -12.59% | 5.28% | 4.39% | 8.88% | 1.59% | 8.89% |
Correlation
The correlation between DFEVX and AMHIX is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Mar 31, 1998 | -0.06 |
The correlation between DFEVX and AMHIX shifts across timeframes, from -0.06 (all time) to 0.15 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
DFEVX vs. AMHIX — Risk / Return Rank
DFEVX
AMHIX
DFEVX vs. AMHIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DFA Emerging Markets Value Portfolio (DFEVX) 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.
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.
| DFEVX | AMHIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.31 | ||
| Sortino ratioReturn per unit of downside risk | -0.47 | ||
| Omega ratioGain probability vs. loss probability | 1.57 | 1.64 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 4.05 | 2.89 | +1.16 |
| Martin ratioReturn relative to average drawdown | 14.84 | 10.25 | +4.59 |
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Drawdowns
DFEVX vs. AMHIX - Drawdown Comparison
The maximum DFEVX drawdown since its inception was -67.59%, which is greater than AMHIX's maximum drawdown of -21.74%. Use the drawdown chart below to compare losses from any high point for DFEVX and AMHIX.
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Drawdown Indicators
| DFEVX | AMHIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.59% | -21.74% | -45.85% |
Max Drawdown (1Y)Largest decline over 1 year | -11.35% | -2.76% | -8.59% |
Max Drawdown (3Y)Largest decline over 3 years | -16.17% | -6.25% | -9.92% |
Max Drawdown (5Y)Largest decline over 5 years | -23.49% | -17.81% | -5.68% |
Max Drawdown (10Y)Largest decline over 10 years | -47.53% | -17.81% | -29.72% |
Current DrawdownCurrent decline from peak | -0.94% | -0.06% | -0.88% |
Average DrawdownAverage peak-to-trough decline | -16.46% | -2.12% | -14.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.09% | 0.78% | +2.31% |
Volatility
DFEVX vs. AMHIX - Volatility Comparison
DFA Emerging Markets Value Portfolio (DFEVX) has a higher volatility of 7.78% compared to American High-Income Municipal Bond Fund (AMHIX) at 0.77%. This indicates that DFEVX'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.
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Volatility by Period
| DFEVX | AMHIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.78% | 0.77% | +7.01% |
Volatility (6M)Calculated over the trailing 6-month period | 13.62% | 2.18% | +11.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.50% | 3.00% | +12.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.23% | 4.84% | +9.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.65% | 4.53% | +11.12% |
DFEVX vs. AMHIX - Expense Ratio Comparison
DFEVX has a 0.45% expense ratio, which is lower than AMHIX's 0.63% expense ratio.
Dividends
DFEVX vs. AMHIX - Dividend Comparison
DFEVX's dividend yield for the trailing twelve months is around 3.01%, less than AMHIX's 3.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMHIX American High-Income Municipal Bond Fund | 3.88% | 5.26% | 3.80% | 3.10% | 2.53% | 3.23% | 3.40% | 3.46% | 3.67% | 4.01% | 3.55% | 4.03% |
DFEVX DFA Emerging Markets Value Portfolio | 3.01% | 3.80% | 4.68% | 4.39% | 4.44% | 3.82% | 2.47% | 2.47% | 2.49% | 2.45% | 1.99% | 2.55% |
Frequently Asked Questions
DFEVX and AMHIX have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DFEVX has higher volatility (7.78%) compared to AMHIX (0.77%). In terms of maximum drawdown, DFEVX dropped -67.59% vs AMHIX's -21.74%.
DFEVX currently has the higher Sharpe Ratio (2.97 vs 2.66), 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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