HIMFX vs. ABTYX

Last updated Jun 24, 2026

HIMFX (American High-Income Municipal Bond Fund Class F-3) and ABTYX (AB High Income Municipal Portfolio) are both High Yield Muni funds. Over the past 5 years, HIMFX returned 1.74%/yr vs 0.63%/yr for ABTYX. Their correlation of 0.90 suggests significant overlap in exposure. HIMFX charges 0.31%/yr vs 0.53%/yr for ABTYX.

Performance

HIMFX vs. ABTYX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American High-Income Municipal Bond Fund Class F-3 (HIMFX) and AB High Income Municipal Portfolio (ABTYX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with HIMFX having a 2.51% return and ABTYX slightly lower at 2.42%.

HIMFX

• 1D: -0.06%
• 1M: 1.80%
• YTD: 2.51%
• 6M: 3.09%
• 1Y: 8.18%
• 3Y*: 5.82%
• 5Y*: 1.74%
• 10Y*: —

ABTYX

• 1D: -0.10%
• 1M: 2.24%
• YTD: 2.42%
• 6M: 3.02%
• 1Y: 8.57%
• 3Y*: 5.23%
• 5Y*: 0.63%
• 10Y*: 2.77%

*Multi-year figures are annualized to reflect compound growth (CAGR)

HIMFX vs. ABTYX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HIMFX American High-Income Municipal Bond Fund Class F-3	2.51%	4.69%	6.23%	7.89%	-12.36%	5.60%	4.74%	8.92%	1.91%	8.22%
ABTYX AB High Income Municipal Portfolio	2.42%	5.88%	4.64%	5.49%	-15.49%	5.73%	5.08%	11.31%	1.02%	9.00%

Correlation

The correlation between HIMFX and ABTYX is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.89
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (5Y) Calculated over the trailing 5-year period	0.93
Correlation (All Time) Calculated using the full available price history since Feb 1, 2017	0.90

The correlation between HIMFX and ABTYX has been stable across timeframes, ranging from 0.89 to 0.93 - a consistent structural relationship.

Return for Risk

HIMFX vs. ABTYX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HIMFX

HIMFX Risk / Return Rank: 80
HIMFX Sharpe Ratio Rank: 90
HIMFX Sortino Ratio Rank: 94
HIMFX Omega Ratio Rank: 93
HIMFX Calmar Ratio Rank: 68
HIMFX Martin Ratio Rank: 58

ABTYX

ABTYX Risk / Return Rank: 62
ABTYX Sharpe Ratio Rank: 70
ABTYX Sortino Ratio Rank: 80
ABTYX Omega Ratio Rank: 82
ABTYX Calmar Ratio Rank: 40
ABTYX Martin Ratio Rank: 37

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HIMFX vs. ABTYX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American High-Income Municipal Bond Fund Class F-3 (HIMFX) and AB High Income Municipal Portfolio (ABTYX). 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.

	HIMFX	ABTYX	Difference
Sharpe ratio: Return per unit of total volatility	2.74	2.25	+0.49
Sortino ratio: Return per unit of downside risk	4.50	3.46	+1.04
Omega ratio: Gain probability vs. loss probability	1.67	1.49	+0.17
Calmar ratio: Return relative to maximum drawdown	3.03	2.28	+0.75
Martin ratio: Return relative to average drawdown	10.88	7.67	+3.21

HIMFX vs. ABTYX - Sharpe Ratio Comparison

The current HIMFX Sharpe Ratio is 2.74, which is comparable to the ABTYX Sharpe Ratio of 2.25. The chart below compares the historical Sharpe Ratios of HIMFX and ABTYX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

HIMFX vs. ABTYX - Drawdown Comparison

The maximum HIMFX drawdown since its inception was -17.57%, smaller than the maximum ABTYX drawdown of -21.44%. Use the drawdown chart below to compare losses from any high point for HIMFX and ABTYX.

Drawdown Indicators

	HIMFX	ABTYX	Difference
Max Drawdown Largest peak-to-trough decline	-17.57%	-21.44%	+3.87%
Max Drawdown (1Y) Largest decline over 1 year	-2.76%	-3.82%	+1.06%
Max Drawdown (3Y) Largest decline over 3 years	-6.17%	-9.37%	+3.20%
Max Drawdown (5Y) Largest decline over 5 years	-17.57%	-21.44%	+3.87%
Max Drawdown (10Y) Largest decline over 10 years	—	-21.44%	—
Current Drawdown Current decline from peak	-0.06%	-0.23%	+0.17%
Average Drawdown Average peak-to-trough decline	-3.15%	-3.95%	+0.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.77%	1.13%	-0.36%

Volatility

HIMFX vs. ABTYX - Volatility Comparison

The current volatility for American High-Income Municipal Bond Fund Class F-3 (HIMFX) is 0.78%, while AB High Income Municipal Portfolio (ABTYX) has a volatility of 1.01%. This indicates that HIMFX experiences smaller price fluctuations and is considered to be less risky than ABTYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HIMFX	ABTYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.78%	1.01%	-0.23%
Volatility (6M) Calculated over the trailing 6-month period	2.22%	2.90%	-0.68%
Volatility (1Y) Calculated over the trailing 1-year period	3.05%	3.88%	-0.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.82%	6.07%	-1.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.59%	5.63%	-1.04%

HIMFX vs. ABTYX - Expense Ratio Comparison

HIMFX has a 0.31% expense ratio, which is lower than ABTYX's 0.53% expense ratio.

Dividends

HIMFX vs. ABTYX - Dividend Comparison

HIMFX's dividend yield for the trailing twelve months is around 4.22%, less than ABTYX's 4.60% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ABTYX AB High Income Municipal Portfolio	4.60%	5.93%	4.15%	3.10%	3.91%	2.59%	3.70%	4.27%	4.60%	4.20%	4.48%	4.69%
HIMFX American High-Income Municipal Bond Fund Class F-3	4.22%	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

Can I hold both HIMFX and ABTYX in my portfolio?

HIMFX and ABTYX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HIMFX or ABTYX?

ABTYX has higher volatility (1.01%) compared to HIMFX (0.78%). In terms of maximum drawdown, HIMFX dropped -17.57% vs ABTYX's -21.44%.

Which has better risk-adjusted returns?

HIMFX currently has the higher Sharpe Ratio (2.74 vs 2.25), 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.