HIMU vs. HIMFX
HIMU (iShares High Yield Muni Active ETF) and HIMFX (American High-Income Municipal Bond Fund Class F-3) are both High Yield Muni funds. Both are actively managed. Over the past year, HIMU returned 6.84% vs 6.78% for HIMFX. Their 0.60 correlation means they have sometimes moved together and sometimes differently. HIMU charges 0.42%/yr vs 0.31%/yr for HIMFX.
Performance
HIMU vs. HIMFX - Performance Comparison
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Returns By Period
In the year-to-date period, HIMU achieves a 2.34% return, which is significantly higher than HIMFX's 1.52% return.
HIMU
- 1D
- -0.10%
- 1M
- -2.16%
- 6M
- 1.49%
- YTD
- 2.34%
- 1Y
- 6.84%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 2.61%
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%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $15.56M | $15.88M | $18.31M |
HIMU vs. HIMFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HIMU iShares High Yield Muni Active ETF | 2.34% | 1.48% |
HIMFX American High-Income Municipal Bond Fund Class F-3 | 1.52% | 3.58% |
Correlation
The correlation between HIMU and HIMFX is 0.70, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.70 |
Correlation (All Time) Calculated using the full available price history since Feb 10, 2025 | 0.60 |
The correlation between HIMU and HIMFX has been stable across timeframes, ranging from 0.60 to 0.70 - a consistent structural relationship.
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Return for Risk
HIMU vs. HIMFX — Risk / Return Rank
HIMU
HIMFX
HIMU vs. HIMFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares High Yield Muni Active ETF (HIMU) and American High-Income Municipal Bond Fund Class F-3 (HIMFX). 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.
| HIMU | HIMFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.76 | ||
| Sortino ratioReturn per unit of downside risk | -1.44 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.61 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 2.34 | 2.88 | -0.54 |
| Martin ratioReturn relative to average drawdown | 8.96 | 10.12 | -1.16 |
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Drawdowns
HIMU vs. HIMFX - Drawdown Comparison
The maximum HIMU drawdown since its inception was -8.01%, smaller than the maximum HIMFX drawdown of -17.57%. Use the drawdown chart below to compare losses from any high point for HIMU and HIMFX.
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Drawdown Indicators
| HIMU | HIMFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.01% | -17.57% | +9.56% |
Max Drawdown (1Y)Largest decline over 1 year | -3.29% | -2.76% | -0.53% |
Max Drawdown (3Y)Largest decline over 3 years | — | -6.14% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.57% | — |
Current DrawdownCurrent decline from peak | -2.20% | -1.87% | -0.33% |
Average DrawdownAverage peak-to-trough decline | -1.63% | -3.13% | +1.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.86% | 0.79% | +0.07% |
Volatility
HIMU vs. HIMFX - Volatility Comparison
iShares High Yield Muni Active ETF (HIMU) has a higher volatility of 1.09% compared to American High-Income Municipal Bond Fund Class F-3 (HIMFX) at 0.92%. This indicates that HIMU's price experiences larger fluctuations and is considered to be riskier than HIMFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HIMU | HIMFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.09% | 0.92% | +0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 3.35% | 2.39% | +0.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.25% | 3.09% | +1.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.12% | 4.85% | +2.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.12% | 4.57% | +2.55% |
HIMU vs. HIMFX - Expense Ratio Comparison
HIMU has a 0.42% expense ratio, which is higher than HIMFX's 0.31% expense ratio.
Dividends
HIMU vs. HIMFX - Dividend Comparison
HIMU's dividend yield for the trailing twelve months is around 5.19%, more than HIMFX's 3.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
HIMU iShares High Yield Muni Active ETF | 4.80% | 4.57% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HIMU and HIMFX have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HIMU has higher volatility (1.09%) compared to HIMFX (0.92%). In terms of maximum drawdown, HIMU dropped -8.01% vs HIMFX's -17.57%.
HIMFX currently has the higher Sharpe Ratio (2.58 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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