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HIMYX vs. AHMFX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

Performance

HIMYX vs. AHMFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pioneer High Income Municipal Fund (HIMYX) and American High-Income Municipal Bond Fund Class F-2 (AHMFX). The values are adjusted to include any dividend payments, if applicable.

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HIMYX vs. AHMFX - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
HIMYX
Pioneer High Income Municipal Fund
-1.26%-1.50%6.07%3.64%-13.08%6.69%1.85%9.56%4.15%8.33%
AHMFX
American High-Income Municipal Bond Fund Class F-2
-0.48%6.03%6.45%7.04%-12.44%5.49%4.61%9.12%1.80%9.09%

Returns By Period

In the year-to-date period, HIMYX achieves a -1.26% return, which is significantly lower than AHMFX's -0.48% return. Over the past 10 years, HIMYX has underperformed AHMFX with an annualized return of 2.16%, while AHMFX has yielded a comparatively higher 3.39% annualized return.


HIMYX

1D
0.18%
1M
-3.53%
YTD
-1.26%
6M
-2.54%
1Y
-2.59%
3Y*
1.58%
5Y*
-0.50%
10Y*
2.16%

AHMFX

1D
0.07%
1M
-2.70%
YTD
-0.48%
6M
1.28%
1Y
4.18%
3Y*
5.44%
5Y*
1.81%
10Y*
3.39%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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HIMYX vs. AHMFX - Expense Ratio Comparison

HIMYX has a 0.55% expense ratio, which is higher than AHMFX's 0.42% expense ratio.


Return for Risk

HIMYX vs. AHMFX — Risk / Return Rank

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

HIMYX
HIMYX Risk / Return Rank: 33
Overall Rank
HIMYX Sharpe Ratio Rank: 33
Sharpe Ratio Rank
HIMYX Sortino Ratio Rank: 33
Sortino Ratio Rank
HIMYX Omega Ratio Rank: 22
Omega Ratio Rank
HIMYX Calmar Ratio Rank: 33
Calmar Ratio Rank
HIMYX Martin Ratio Rank: 44
Martin Ratio Rank

AHMFX
AHMFX Risk / Return Rank: 3939
Overall Rank
AHMFX Sharpe Ratio Rank: 3535
Sharpe Ratio Rank
AHMFX Sortino Ratio Rank: 3030
Sortino Ratio Rank
AHMFX Omega Ratio Rank: 6262
Omega Ratio Rank
AHMFX Calmar Ratio Rank: 3636
Calmar Ratio Rank
AHMFX Martin Ratio Rank: 3030
Martin Ratio Rank
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.

HIMYX vs. AHMFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pioneer High Income Municipal Fund (HIMYX) and American High-Income Municipal Bond Fund Class F-2 (AHMFX). 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.


HIMYXAHMFXDifference

Sharpe ratio

Return per unit of total volatility

-0.24

0.81

-1.05

Sortino ratio

Return per unit of downside risk

-0.30

1.10

-1.40

Omega ratio

Gain probability vs. loss probability

0.95

1.24

-0.29

Calmar ratio

Return relative to maximum drawdown

-0.26

0.99

-1.25

Martin ratio

Return relative to average drawdown

-0.53

3.26

-3.79

HIMYX vs. AHMFX - Sharpe Ratio Comparison

The current HIMYX Sharpe Ratio is -0.24, which is lower than the AHMFX Sharpe Ratio of 0.81. The chart below compares the historical Sharpe Ratios of HIMYX and AHMFX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Sharpe Ratios by Period


HIMYXAHMFXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-0.24

0.81

-1.05

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.09

0.38

-0.47

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.43

0.75

-0.32

Sharpe Ratio (All Time)

Calculated using the full available price history

0.52

1.52

-1.00

Correlation

The correlation between HIMYX and AHMFX is 0.72, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.


Dividends

HIMYX vs. AHMFX - Dividend Comparison

HIMYX's dividend yield for the trailing twelve months is around 8.27%, more than AHMFX's 4.27% yield.


TTM20252024202320222021202020192018201720162015
HIMYX
Pioneer High Income Municipal Fund
8.27%8.63%5.32%4.97%3.88%3.71%3.96%5.35%5.20%5.00%5.66%5.65%
AHMFX
American High-Income Municipal Bond Fund Class F-2
4.27%5.58%4.04%2.97%2.71%3.44%3.60%3.68%3.88%4.19%3.74%4.19%

Drawdowns

HIMYX vs. AHMFX - Drawdown Comparison

The maximum HIMYX drawdown since its inception was -35.00%, which is greater than AHMFX's maximum drawdown of -17.65%. Use the drawdown chart below to compare losses from any high point for HIMYX and AHMFX.


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Drawdown Indicators


HIMYXAHMFXDifference

Max Drawdown

Largest peak-to-trough decline

-35.00%

-17.65%

-17.35%

Max Drawdown (1Y)

Largest decline over 1 year

-6.96%

-5.60%

-1.36%

Max Drawdown (5Y)

Largest decline over 5 years

-19.32%

-17.65%

-1.67%

Max Drawdown (10Y)

Largest decline over 10 years

-19.32%

-17.65%

-1.67%

Current Drawdown

Current decline from peak

-7.07%

-2.70%

-4.37%

Average Drawdown

Average peak-to-trough decline

-5.66%

-2.38%

-3.28%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.49%

1.69%

+1.80%

Volatility

HIMYX vs. AHMFX - Volatility Comparison

Pioneer High Income Municipal Fund (HIMYX) has a higher volatility of 1.37% compared to American High-Income Municipal Bond Fund Class F-2 (AHMFX) at 1.08%. This indicates that HIMYX's price experiences larger fluctuations and is considered to be riskier than AHMFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


HIMYXAHMFXDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.37%

1.08%

+0.29%

Volatility (6M)

Calculated over the trailing 6-month period

4.31%

1.86%

+2.45%

Volatility (1Y)

Calculated over the trailing 1-year period

8.40%

6.45%

+1.95%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

5.62%

4.82%

+0.80%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

5.04%

4.53%

+0.51%