HHMIX vs. AMHIX
Compare and contrast key facts about Hartford Municipal Opportunities Fund (HHMIX) and American High-Income Municipal Bond Fund (AMHIX).
HHMIX is managed by Hartford. It was launched on May 30, 2007. 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: HHMIX or AMHIX.
Performance
HHMIX vs. AMHIX - Performance Comparison
Returns By Period
In the year-to-date period, HHMIX achieves a 2.75% return, which is significantly lower than AMHIX's 6.54% return. Over the past 10 years, HHMIX has underperformed AMHIX with an annualized return of 2.53%, while AMHIX has yielded a comparatively higher 3.64% annualized return.
HHMIX
2.75%
-0.21%
2.76%
6.87%
1.35%
2.53%
AMHIX
6.54%
-0.05%
4.98%
12.18%
2.20%
3.64%
Key characteristics
| HHMIX | AMHIX | |
|---|---|---|
| Sharpe Ratio | 2.45 | 3.14 |
| Sortino Ratio | 3.92 | 4.77 |
| Omega Ratio | 1.59 | 1.77 |
| Calmar Ratio | 0.95 | 1.20 |
| Martin Ratio | 11.57 | 15.23 |
| Ulcer Index | 0.61% | 0.81% |
| Daily Std Dev | 2.86% | 3.96% |
| Max Drawdown | -27.37% | -21.73% |
| Current Drawdown | -1.04% | -1.26% |
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HHMIX vs. AMHIX - Expense Ratio Comparison
HHMIX has a 0.44% expense ratio, which is lower than AMHIX's 0.63% expense ratio.
Correlation
The correlation between HHMIX and AMHIX is 0.82, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
HHMIX vs. AMHIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Hartford Municipal Opportunities Fund (HHMIX) 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
HHMIX vs. AMHIX - Dividend Comparison
HHMIX's dividend yield for the trailing twelve months is around 3.23%, less than AMHIX's 3.80% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HHMIX Hartford Municipal Opportunities Fund | 3.23% | 2.92% | 2.27% | 1.89% | 2.18% | 2.62% | 3.09% | 2.76% | 2.77% | 3.07% | 3.15% | 3.68% |
AMHIX American High-Income Municipal Bond Fund | 3.80% | 3.77% | 3.39% | 2.72% | 3.25% | 3.39% | 3.68% | 3.71% | 3.89% | 4.01% | 4.20% | 4.55% |
Drawdowns
HHMIX vs. AMHIX - Drawdown Comparison
The maximum HHMIX drawdown since its inception was -27.37%, which is greater than AMHIX's maximum drawdown of -21.73%. Use the drawdown chart below to compare losses from any high point for HHMIX and AMHIX. For additional features, visit the drawdowns tool.
Volatility
HHMIX vs. AMHIX - Volatility Comparison
The current volatility for Hartford Municipal Opportunities Fund (HHMIX) is 1.17%, while American High-Income Municipal Bond Fund (AMHIX) has a volatility of 1.80%. This indicates that HHMIX 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.