HIMFX vs. BLPFX

Last updated Aug 1, 2026

HIMFX (American High-Income Municipal Bond Fund Class F-3) and BLPFX (American Funds Moderate Growth and Income Portfolio Class F-1) are both mutual funds - HIMFX is a High Yield Muni fund actively managed by Capital Group, while BLPFX is a Diversified Portfolio fund tracking the S&P 500 Index. HIMFX is actively managed, while BLPFX is passively managed. Over the past 5 years, HIMFX returned 1.30%/yr vs 7.37%/yr for BLPFX. Their 0.12 correlation means their historical movements had little consistent relationship. HIMFX charges 0.31%/yr vs 0.70%/yr for BLPFX.

Performance

HIMFX vs. BLPFX - 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 American Funds Moderate Growth and Income Portfolio Class F-1 (BLPFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HIMFX achieves a 1.52% return, which is significantly lower than BLPFX's 7.20% return.

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%

BLPFX

• 1D: 0.28%
• 1M: -0.33%
• 6M: 4.58%
• YTD: 7.20%
• 1Y: 15.42%
• 3Y*: 13.38%
• 5Y*: 7.37%
• 10Y*: 8.95%
• ALL TIME*: 9.21%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BLPFX American Funds Moderate Growth and Income Portfolio Class F-1	$0.00	$0.00	$0.00
HIMFX American High-Income Municipal Bond Fund Class F-3	$0.00	$0.00	$0.00

HIMFX vs. BLPFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
BLPFX American Funds Moderate Growth and Income Portfolio Class F-1	7.20%	16.99%	11.25%	13.80%	-13.59%	13.75%	13.17%	19.49%	-4.63%	14.23%

Correlation

The correlation between HIMFX and BLPFX is 0.29, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.29
Correlation (3Y) Balances recent behavior with more history.	0.26
Correlation (5Y) Shows whether the relationship held over a longer period.	0.22
Correlation (All Time) Calculated using the full available price history since Feb 1, 2017	0.12

The correlation between HIMFX and BLPFX shifts across timeframes, from 0.12 (all time) to 0.29 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

HIMFX vs. BLPFX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

HIMFX

HIMFX Risk / Return Rank: 90
HIMFX Sharpe Ratio Rank: 95
HIMFX Sortino Ratio Rank: 96
HIMFX Omega Ratio Rank: 95
HIMFX Calmar Ratio Rank: 84
HIMFX Martin Ratio Rank: 82

BLPFX

BLPFX Risk / Return Rank: 64
BLPFX Sharpe Ratio Rank: 65
BLPFX Sortino Ratio Rank: 64
BLPFX Omega Ratio Rank: 66
BLPFX Calmar Ratio Rank: 55
BLPFX Martin Ratio Rank: 68

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

HIMFX vs. BLPFX - 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 American Funds Moderate Growth and Income Portfolio Class F-1 (BLPFX). 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	BLPFX	Difference
Sharpe ratio: Return per unit of total volatility	2.58	1.63	+0.94
Sortino ratio: Return per unit of downside risk	4.05	2.33	+1.72
Omega ratio: Gain probability vs. loss probability	1.61	1.30	+0.30
Calmar ratio: Return relative to maximum drawdown	2.88	2.10	+0.79
Martin ratio: Return relative to average drawdown	10.12	8.94	+1.17

HIMFX vs. BLPFX - Sharpe Ratio Comparison

The current HIMFX Sharpe Ratio is 2.58, which is higher than the BLPFX Sharpe Ratio of 1.63. The chart below compares the historical Sharpe Ratios of HIMFX and BLPFX, 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. BLPFX - Drawdown Comparison

The maximum HIMFX drawdown since its inception was -17.57%, smaller than the maximum BLPFX drawdown of -23.21%. Use the drawdown chart below to compare losses from any high point for HIMFX and BLPFX.

Drawdown Indicators

	HIMFX	BLPFX	Difference
Max Drawdown Largest peak-to-trough decline	-17.57%	-23.21%	+5.64%
Max Drawdown (1Y) Largest decline over 1 year	-2.76%	-7.08%	+4.32%
Max Drawdown (3Y) Largest decline over 3 years	-6.14%	-10.36%	+4.22%
Max Drawdown (5Y) Largest decline over 5 years	-17.57%	-20.72%	+3.15%
Max Drawdown (10Y) Largest decline over 10 years	—	-23.21%	—
Current Drawdown Current decline from peak	-1.87%	-0.84%	-1.03%
Average Drawdown Average peak-to-trough decline	-3.13%	-2.90%	-0.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.79%	1.66%	-0.87%

Volatility

HIMFX vs. BLPFX - Volatility Comparison

The current volatility for American High-Income Municipal Bond Fund Class F-3 (HIMFX) is 0.92%, while American Funds Moderate Growth and Income Portfolio Class F-1 (BLPFX) has a volatility of 2.29%. This indicates that HIMFX experiences smaller price fluctuations and is considered to be less risky than BLPFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HIMFX	BLPFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.92%	2.29%	-1.37%
Volatility (6M) Calculated over the trailing 6-month period	2.39%	7.41%	-5.02%
Volatility (1Y) Calculated over the trailing 1-year period	3.09%	9.08%	-5.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.85%	10.48%	-5.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.57%	10.81%	-6.24%

HIMFX vs. BLPFX - Expense Ratio Comparison

HIMFX has a 0.31% expense ratio, which is lower than BLPFX's 0.70% expense ratio.

Dividends

HIMFX vs. BLPFX - Dividend Comparison

HIMFX's dividend yield for the trailing twelve months is around 3.91%, less than BLPFX's 5.73% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BLPFX American Funds Moderate Growth and Income Portfolio Class F-1	5.73%	6.05%	3.55%	2.24%	5.95%	4.92%	2.52%	3.79%	4.64%	3.44%	3.61%	3.64%
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

Can I hold both HIMFX and BLPFX in my portfolio?

HIMFX and BLPFX have a correlation of 0.29, 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 BLPFX?

BLPFX has higher volatility (2.29%) compared to HIMFX (0.92%). In terms of maximum drawdown, HIMFX dropped -17.57% vs BLPFX's -23.21%.

Which has better risk-adjusted returns?

HIMFX currently has the higher Sharpe Ratio (2.58 vs 1.63), 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.