FHTFX vs. HIMFX
FHTFX (Federated Hermes Municipal High Yield Advtg Fd) and HIMFX (American High-Income Municipal Bond Fund Class F-3) are both High Yield Muni funds. Over the past 5 years, FHTFX returned 0.25%/yr vs 1.30%/yr for HIMFX. Their correlation of 0.81 means they have usually moved in the same direction. FHTFX charges 0.89%/yr vs 0.31%/yr for HIMFX.
Performance
FHTFX vs. HIMFX - Performance Comparison
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Returns By Period
In the year-to-date period, FHTFX achieves a 1.36% return, which is significantly lower than HIMFX's 1.52% return.
FHTFX
- 1D
- -0.25%
- 1M
- -1.63%
- 6M
- 0.76%
- YTD
- 1.36%
- 1Y
- 7.39%
- 3Y*
- 4.08%
- 5Y*
- 0.25%
- 10Y*
- 2.24%
- ALL TIME*
- 3.96%
HIMFX
- 1D
- -0.26%
- 1M
- -1.87%
- 6M
- 0.85%
- YTD
- 1.52%
- 1Y
- 6.78%
- 3Y*
- 5.31%
- 5Y*
- 1.30%
- 10Y*
- —
- ALL TIME*
- 3.75%
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 |
FHTFX vs. HIMFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FHTFX Federated Hermes Municipal High Yield Advtg Fd | 1.36% | 2.09% | 5.67% | 6.91% | -13.36% | 5.47% | 2.91% | 9.76% | 0.76% | 6.88% |
HIMFX American High-Income Municipal Bond Fund Class F-3 | 1.52% | 4.69% | 6.23% | 7.89% | -12.36% | 5.60% | 4.74% | 8.92% | 1.91% | 8.22% |
Correlation
The correlation between FHTFX and HIMFX is 0.72, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.72 |
Correlation (3Y) Balances recent behavior with more history. | 0.81 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.85 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2017 | 0.81 |
The correlation between FHTFX and HIMFX shifts across timeframes, from 0.72 (1 year) to 0.85 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
FHTFX vs. HIMFX — Risk / Return Rank
FHTFX
HIMFX
FHTFX vs. HIMFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Federated Hermes Municipal High Yield Advtg Fd (FHTFX) 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.
| FHTFX | HIMFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.23 | ||
| Sortino ratioReturn per unit of downside risk | +0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.68 | 1.61 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.77 | 2.88 | +0.89 |
| Martin ratioReturn relative to average drawdown | 14.41 | 10.12 | +4.29 |
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Drawdowns
FHTFX vs. HIMFX - Drawdown Comparison
The maximum FHTFX drawdown since its inception was -27.61%, which is greater than HIMFX's maximum drawdown of -17.57%. Use the drawdown chart below to compare losses from any high point for FHTFX and HIMFX.
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Drawdown Indicators
| FHTFX | HIMFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.61% | -17.57% | -10.04% |
Max Drawdown (1Y)Largest decline over 1 year | -2.46% | -2.76% | +0.30% |
Max Drawdown (3Y)Largest decline over 3 years | -7.25% | -6.14% | -1.11% |
Max Drawdown (5Y)Largest decline over 5 years | -17.77% | -17.57% | -0.20% |
Max Drawdown (10Y)Largest decline over 10 years | -17.77% | — | — |
Current DrawdownCurrent decline from peak | -1.63% | -1.87% | +0.24% |
Average DrawdownAverage peak-to-trough decline | -2.65% | -3.13% | +0.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.72% | 0.79% | -0.07% |
Volatility
FHTFX vs. HIMFX - Volatility Comparison
Federated Hermes Municipal High Yield Advtg Fd (FHTFX) has a higher volatility of 0.98% compared to American High-Income Municipal Bond Fund Class F-3 (HIMFX) at 0.92%. This indicates that FHTFX'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
| FHTFX | HIMFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.98% | 0.92% | +0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 2.27% | 2.39% | -0.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.31% | 3.09% | +0.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.17% | 4.85% | +0.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.86% | 4.57% | +0.29% |
FHTFX vs. HIMFX - Expense Ratio Comparison
FHTFX has a 0.89% expense ratio, which is higher than HIMFX's 0.31% expense ratio.
Dividends
FHTFX vs. HIMFX - Dividend Comparison
FHTFX's dividend yield for the trailing twelve months is around 3.43%, less than HIMFX's 3.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FHTFX Federated Hermes Municipal High Yield Advtg Fd | 3.43% | 3.02% | 4.53% | 3.81% | 3.65% | 3.14% | 3.52% | 3.88% | 3.85% | 3.88% | 4.11% | 4.02% |
HIMFX American High-Income Municipal Bond Fund Class F-3 | 3.91% | 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
FHTFX and HIMFX have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FHTFX has higher volatility (0.98%) compared to HIMFX (0.92%). In terms of maximum drawdown, FHTFX dropped -27.61% vs HIMFX's -17.57%.
FHTFX currently has the higher Sharpe Ratio (2.81 vs 2.58), 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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