FQCHX vs. HIMFX
FQCHX (Franklin Templeton SMACS: Series CH) and HIMFX (American High-Income Municipal Bond Fund Class F-3) are both High Yield Muni funds. Over the past 5 years, FQCHX returned 0.87%/yr vs 1.24%/yr for HIMFX. Their correlation of 0.86 means they have usually moved in the same direction. FQCHX charges 0.00%/yr vs 0.31%/yr for HIMFX.
Performance
FQCHX vs. HIMFX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with FQCHX having a 1.34% return and HIMFX slightly lower at 1.32%.
FQCHX
- 1D
- 0.00%
- 1M
- -2.18%
- 6M
- 1.09%
- YTD
- 1.34%
- 1Y
- 6.71%
- 3Y*
- 5.93%
- 5Y*
- 0.87%
- 10Y*
- —
- ALL TIME*
- 2.61%
HIMFX
- 1D
- 0.00%
- 1M
- -2.06%
- 6M
- 0.65%
- YTD
- 1.32%
- 1Y
- 6.50%
- 3Y*
- 5.65%
- 5Y*
- 1.24%
- 10Y*
- —
- ALL TIME*
- 3.73%
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 |
FQCHX vs. HIMFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FQCHX Franklin Templeton SMACS: Series CH | 1.34% | 4.96% | 8.85% | 4.90% | -13.94% | 6.00% | 4.25% | 4.13% |
HIMFX American High-Income Municipal Bond Fund Class F-3 | 1.32% | 4.69% | 6.23% | 7.89% | -12.36% | 5.60% | 4.74% | 3.25% |
Correlation
The correlation between FQCHX and HIMFX is 0.85, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.85 |
Correlation (3Y) Balances recent behavior with more history. | 0.87 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.89 |
Correlation (All Time) Calculated using the full available price history since Jun 3, 2019 | 0.86 |
The correlation between FQCHX and HIMFX has been stable across timeframes, ranging from 0.85 to 0.89 - a consistent structural relationship.
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Return for Risk
FQCHX vs. HIMFX — Risk / Return Rank
FQCHX
HIMFX
FQCHX vs. HIMFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Templeton SMACS: Series CH (FQCHX) 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.
| FQCHX | HIMFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.13 | ||
| Sortino ratioReturn per unit of downside risk | -0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.50 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.61 | 2.39 | +0.22 |
| Martin ratioReturn relative to average drawdown | 9.93 | 8.17 | +1.76 |
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Drawdowns
FQCHX vs. HIMFX - Drawdown Comparison
The maximum FQCHX drawdown since its inception was -21.05%, which is greater than HIMFX's maximum drawdown of -17.57%. Use the drawdown chart below to compare losses from any high point for FQCHX and HIMFX.
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Drawdown Indicators
| FQCHX | HIMFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.05% | -17.57% | -3.48% |
Max Drawdown (1Y)Largest decline over 1 year | -2.64% | -2.76% | +0.12% |
Max Drawdown (3Y)Largest decline over 3 years | -7.69% | -6.14% | -1.55% |
Max Drawdown (5Y)Largest decline over 5 years | -21.05% | -17.48% | -3.57% |
Current DrawdownCurrent decline from peak | -2.18% | -2.06% | -0.12% |
Average DrawdownAverage peak-to-trough decline | -5.50% | -3.12% | -2.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.69% | 0.81% | -0.12% |
Volatility
FQCHX vs. HIMFX - Volatility Comparison
Franklin Templeton SMACS: Series CH (FQCHX) and American High-Income Municipal Bond Fund Class F-3 (HIMFX) have volatilities of 0.92% and 0.91%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FQCHX | HIMFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.92% | 0.91% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 2.68% | 2.36% | +0.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.34% | 3.01% | +0.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.67% | 4.85% | +0.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.51% | 4.57% | +1.94% |
FQCHX vs. HIMFX - Expense Ratio Comparison
FQCHX has a 0.00% expense ratio, which is lower than HIMFX's 0.31% expense ratio.
Dividends
FQCHX vs. HIMFX - Dividend Comparison
FQCHX's dividend yield for the trailing twelve months is around 5.11%, more than HIMFX's 3.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
FQCHX Franklin Templeton SMACS: Series CH | 5.11% | 7.32% | 6.12% | 3.92% | 4.22% | 3.39% | 3.35% | 3.17% | 0.00% | 0.00% |
HIMFX American High-Income Municipal Bond Fund Class F-3 | 3.92% | 4.32% | 3.83% | 3.71% | 2.80% | 3.54% | 3.73% | 3.49% | 3.99% | 3.61% |
Frequently Asked Questions
FQCHX and HIMFX have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FQCHX has higher volatility (0.92%) compared to HIMFX (0.91%). In terms of maximum drawdown, FQCHX dropped -21.05% vs HIMFX's -17.57%.
HIMFX currently has the higher Sharpe Ratio (2.19 vs 2.07), 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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