HIMFX vs. NMZ
Compare and contrast key facts about American High-Income Municipal Bond Fund Class F-3 (HIMFX) and Nuveen Municipal High Income Opportunity Fund (NMZ).
HIMFX is an actively managed fund by Capital Group. It was launched on Jan 27, 2017. NMZ is an actively managed fund by Nuveen. It was launched on Nov 19, 2003.
Performance
HIMFX vs. NMZ - Performance Comparison
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HIMFX vs. NMZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HIMFX American High-Income Municipal Bond Fund Class F-3 | -0.13% | 4.69% | 6.23% | 7.89% | -12.36% | 5.60% | 4.74% | 8.92% | 1.91% | 8.22% |
NMZ Nuveen Municipal High Income Opportunity Fund | 3.39% | 1.56% | 16.52% | 0.69% | -27.36% | 10.41% | 7.33% | 28.36% | -9.47% | 10.47% |
Returns By Period
In the year-to-date period, HIMFX achieves a -0.13% return, which is significantly lower than NMZ's 3.39% return.
HIMFX
- 1D
- 0.33%
- 1M
- -2.06%
- YTD
- -0.13%
- 6M
- 1.53%
- 1Y
- 3.90%
- 3Y*
- 5.31%
- 5Y*
- 1.76%
- 10Y*
- —
NMZ
- 1D
- -0.39%
- 1M
- -2.84%
- YTD
- 3.39%
- 6M
- 0.96%
- 1Y
- 2.29%
- 3Y*
- 5.20%
- 5Y*
- -0.57%
- 10Y*
- 2.88%
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HIMFX vs. NMZ - Expense Ratio Comparison
HIMFX has a 0.31% expense ratio, which is lower than NMZ's 1.50% expense ratio.
Return for Risk
HIMFX vs. NMZ — Risk / Return Rank
HIMFX
NMZ
HIMFX vs. NMZ - 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 Nuveen Municipal High Income Opportunity Fund (NMZ). 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.
| HIMFX | NMZ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.67 | 0.18 | +0.49 |
Sortino ratioReturn per unit of downside risk | 0.91 | 0.32 | +0.59 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.05 | +0.15 |
Calmar ratioReturn relative to maximum drawdown | 0.87 | 0.20 | +0.67 |
Martin ratioReturn relative to average drawdown | 2.63 | 0.60 | +2.03 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HIMFX | NMZ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.67 | 0.18 | +0.49 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.37 | -0.04 | +0.41 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.20 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.81 | 0.27 | +0.54 |
Correlation
The correlation between HIMFX and NMZ is 0.35, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
HIMFX vs. NMZ - Dividend Comparison
HIMFX's dividend yield for the trailing twelve months is around 3.99%, less than NMZ's 7.60% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HIMFX American High-Income Municipal Bond Fund Class F-3 | 3.99% | 4.32% | 3.83% | 3.71% | 2.80% | 3.54% | 3.73% | 3.49% | 3.99% | 3.61% | 0.00% | 0.00% |
NMZ Nuveen Municipal High Income Opportunity Fund | 7.60% | 7.71% | 6.35% | 5.44% | 7.04% | 5.10% | 5.09% | 4.99% | 6.15% | 5.94% | 6.94% | 6.67% |
Drawdowns
HIMFX vs. NMZ - Drawdown Comparison
The maximum HIMFX drawdown since its inception was -17.57%, smaller than the maximum NMZ drawdown of -58.53%. Use the drawdown chart below to compare losses from any high point for HIMFX and NMZ.
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Drawdown Indicators
| HIMFX | NMZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.57% | -58.53% | +40.96% |
Max Drawdown (1Y)Largest decline over 1 year | -5.60% | -11.04% | +5.44% |
Max Drawdown (5Y)Largest decline over 5 years | -17.57% | -40.03% | +22.46% |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.03% | — |
Current DrawdownCurrent decline from peak | -2.38% | -12.20% | +9.82% |
Average DrawdownAverage peak-to-trough decline | -3.21% | -9.45% | +6.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.86% | 3.69% | -1.83% |
Volatility
HIMFX vs. NMZ - Volatility Comparison
The current volatility for American High-Income Municipal Bond Fund Class F-3 (HIMFX) is 1.15%, while Nuveen Municipal High Income Opportunity Fund (NMZ) has a volatility of 4.98%. This indicates that HIMFX experiences smaller price fluctuations and is considered to be less risky than NMZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HIMFX | NMZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.15% | 4.98% | -3.83% |
Volatility (6M)Calculated over the trailing 6-month period | 1.89% | 6.50% | -4.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.35% | 12.70% | -6.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.78% | 12.90% | -8.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.62% | 14.71% | -10.09% |