HIMFX vs. RTHAX
HIMFX (American High-Income Municipal Bond Fund Class F-3) and RTHAX (Russell Investments Tax-Exempt High Yield Bond Fund) are both High Yield Muni funds. Over the past 5 years, HIMFX returned 1.74%/yr vs 0.60%/yr for RTHAX. A 0.79 correlation means they provide meaningful diversification when combined. HIMFX charges 0.31%/yr vs 0.89%/yr for RTHAX.
Performance
HIMFX vs. RTHAX - Performance Comparison
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Returns By Period
In the year-to-date period, HIMFX achieves a 2.57% return, which is significantly lower than RTHAX's 2.98% return.
HIMFX
- 1D
- 0.06%
- 1M
- 1.86%
- YTD
- 2.57%
- 6M
- 3.09%
- 1Y
- 8.39%
- 3Y*
- 6.01%
- 5Y*
- 1.74%
- 10Y*
- —
RTHAX
- 1D
- 0.10%
- 1M
- 2.12%
- YTD
- 2.98%
- 6M
- 3.09%
- 1Y
- 6.87%
- 3Y*
- 4.46%
- 5Y*
- 0.60%
- 10Y*
- 2.84%
HIMFX vs. RTHAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HIMFX American High-Income Municipal Bond Fund Class F-3 | 2.57% | 4.69% | 6.23% | 7.89% | -12.36% | 5.60% | 4.74% | 8.92% | 1.91% | 8.22% |
RTHAX Russell Investments Tax-Exempt High Yield Bond Fund | 2.98% | 2.11% | 4.49% | 7.78% | -13.62% | 5.54% | 3.84% | 10.18% | 3.20% | 7.33% |
Correlation
The correlation between HIMFX and RTHAX is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2017 | 0.79 |
The correlation between HIMFX and RTHAX shifts across timeframes, from 0.67 (1 year) to 0.86 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
HIMFX vs. RTHAX — Risk / Return Rank
HIMFX
RTHAX
HIMFX vs. RTHAX - 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 Russell Investments Tax-Exempt High Yield Bond Fund (RTHAX). 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 | RTHAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.37 | ||
| Sortino ratioReturn per unit of downside risk | +0.97 | ||
| Omega ratioGain probability vs. loss probability | 1.68 | 1.62 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.05 | 2.51 | +0.54 |
| Martin ratioReturn relative to average drawdown | 10.97 | 8.25 | +2.72 |
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Drawdowns
HIMFX vs. RTHAX - Drawdown Comparison
The maximum HIMFX drawdown since its inception was -17.57%, smaller than the maximum RTHAX drawdown of -18.89%. Use the drawdown chart below to compare losses from any high point for HIMFX and RTHAX.
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Drawdown Indicators
| HIMFX | RTHAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.57% | -18.89% | +1.32% |
Max Drawdown (1Y)Largest decline over 1 year | -2.76% | -2.74% | -0.02% |
Max Drawdown (3Y)Largest decline over 3 years | -6.17% | -7.56% | +1.39% |
Max Drawdown (5Y)Largest decline over 5 years | -17.57% | -18.89% | +1.32% |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.89% | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -3.15% | -3.71% | +0.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.77% | 0.83% | -0.06% |
Volatility
HIMFX vs. RTHAX - Volatility Comparison
American High-Income Municipal Bond Fund Class F-3 (HIMFX) and Russell Investments Tax-Exempt High Yield Bond Fund (RTHAX) have volatilities of 0.76% and 0.74%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HIMFX | RTHAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.76% | 0.74% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 2.22% | 2.07% | +0.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.04% | 2.88% | +0.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.82% | 5.12% | -0.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.59% | 4.98% | -0.39% |
HIMFX vs. RTHAX - Expense Ratio Comparison
HIMFX has a 0.31% expense ratio, which is lower than RTHAX's 0.89% expense ratio.
Dividends
HIMFX vs. RTHAX - Dividend Comparison
HIMFX's dividend yield for the trailing twelve months is around 4.22%, which matches RTHAX's 4.20% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
RTHAX Russell Investments Tax-Exempt High Yield Bond Fund | 4.20% | 3.60% | 4.02% | 3.97% | 3.64% | 2.80% | 3.10% | 3.83% | 3.86% | 3.44% | 4.06% |
Frequently Asked Questions
HIMFX and RTHAX have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HIMFX has higher volatility (0.76%) compared to RTHAX (0.74%). In terms of maximum drawdown, HIMFX dropped -17.57% vs RTHAX's -18.89%.
HIMFX currently has the higher Sharpe Ratio (2.77 vs 2.39), 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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