HHMIX vs. AMHIX
HHMIX (Hartford Municipal Opportunities Fund) and AMHIX (American High-Income Municipal Bond Fund) are both mutual funds - HHMIX is a Municipal Bonds fund managed by Hartford, while AMHIX is a High Yield Muni fund managed by American Funds. Over the past 10 years, HHMIX returned 2.08%/yr vs 3.01%/yr for AMHIX. Their correlation of 0.82 means they have usually moved in the same direction. HHMIX charges 0.44%/yr vs 0.63%/yr for AMHIX.
Performance
HHMIX vs. AMHIX - Performance Comparison
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Returns By Period
In the year-to-date period, HHMIX achieves a 0.18% return, which is significantly lower than AMHIX's 1.35% return. Over the past 10 years, HHMIX has underperformed AMHIX with an annualized return of 2.08%, while AMHIX has yielded a comparatively higher 3.01% annualized return.
HHMIX
- 1D
- -0.24%
- 1M
- -1.66%
- 6M
- -0.81%
- YTD
- 0.18%
- 1Y
- 3.83%
- 3Y*
- 3.59%
- 5Y*
- 0.73%
- 10Y*
- 2.08%
- ALL TIME*
- 2.52%
AMHIX
- 1D
- -0.26%
- 1M
- -1.87%
- 6M
- 0.70%
- YTD
- 1.35%
- 1Y
- 6.44%
- 3Y*
- 5.41%
- 5Y*
- 1.24%
- 10Y*
- 3.01%
- ALL TIME*
- 4.94%
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 |
HHMIX vs. AMHIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HHMIX Hartford Municipal Opportunities Fund | 0.18% | 5.70% | 2.14% | 5.92% | -8.97% | 1.73% | 4.66% | 7.89% | 1.35% | 5.74% |
AMHIX American High-Income Municipal Bond Fund | 1.35% | 5.70% | 6.19% | 7.18% | -12.59% | 5.28% | 4.39% | 8.88% | 1.59% | 8.89% |
Correlation
The correlation between HHMIX and AMHIX is 0.84, 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. | 0.84 |
Correlation (3Y) Balances recent behavior with more history. | 0.87 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.88 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.84 |
Correlation (All Time) Calculated using the full available price history since May 31, 2007 | 0.82 |
The correlation between HHMIX and AMHIX has been stable across timeframes, ranging from 0.82 to 0.88 - a consistent structural relationship.
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Return for Risk
HHMIX vs. AMHIX — Risk / Return Rank
HHMIX
AMHIX
HHMIX vs. AMHIX - Risk-Adjusted Trends 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.
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.
| HHMIX | AMHIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.69 | ||
| Sortino ratioReturn per unit of downside risk | -1.13 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.58 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.61 | 2.74 | -1.13 |
| Martin ratioReturn relative to average drawdown | 4.74 | 9.51 | -4.77 |
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Drawdowns
HHMIX vs. AMHIX - Drawdown Comparison
The maximum HHMIX drawdown since its inception was -30.49%, which is greater than AMHIX's maximum drawdown of -21.74%. Use the drawdown chart below to compare losses from any high point for HHMIX and AMHIX.
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Drawdown Indicators
| HHMIX | AMHIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.49% | -21.74% | -8.75% |
Max Drawdown (1Y)Largest decline over 1 year | -2.81% | -2.76% | -0.05% |
Max Drawdown (3Y)Largest decline over 3 years | -4.03% | -5.71% | +1.68% |
Max Drawdown (5Y)Largest decline over 5 years | -13.76% | -17.81% | +4.05% |
Max Drawdown (10Y)Largest decline over 10 years | -13.76% | -17.81% | +4.05% |
Current DrawdownCurrent decline from peak | -2.02% | -1.87% | -0.15% |
Average DrawdownAverage peak-to-trough decline | -3.86% | -2.12% | -1.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 0.79% | +0.16% |
Volatility
HHMIX vs. AMHIX - Volatility Comparison
The current volatility for Hartford Municipal Opportunities Fund (HHMIX) is 0.82%, while American High-Income Municipal Bond Fund (AMHIX) has a volatility of 0.92%. 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.
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Volatility by Period
| HHMIX | AMHIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.82% | 0.92% | -0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 2.09% | 2.36% | -0.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.50% | 3.04% | -0.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.35% | 4.86% | -1.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.58% | 4.53% | -0.95% |
HHMIX vs. AMHIX - Expense Ratio Comparison
HHMIX has a 0.44% expense ratio, which is lower than AMHIX's 0.63% expense ratio.
Dividends
HHMIX vs. AMHIX - Dividend Comparison
HHMIX's dividend yield for the trailing twelve months is around 3.19%, less than AMHIX's 3.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMHIX American High-Income Municipal Bond Fund | 3.59% | 5.26% | 3.80% | 3.10% | 2.53% | 3.23% | 3.40% | 3.46% | 3.67% | 4.01% | 3.55% | 4.03% |
HHMIX Hartford Municipal Opportunities Fund | 3.19% | 4.40% | 2.72% | 2.41% | 2.28% | 1.72% | 2.17% | 2.83% | 2.86% | 2.98% | 2.77% | 3.04% |
Frequently Asked Questions
HHMIX and AMHIX have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AMHIX has higher volatility (0.92%) compared to HHMIX (0.82%). In terms of maximum drawdown, HHMIX dropped -30.49% vs AMHIX's -21.74%.
AMHIX currently has the higher Sharpe Ratio (2.49 vs 1.81), 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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