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HIMYX vs. AHYMX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

Performance

HIMYX vs. AHYMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pioneer High Income Municipal Fund (HIMYX) and abrdn Short Duration High Yield Municipal Fund (AHYMX). The values are adjusted to include any dividend payments, if applicable.

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HIMYX vs. AHYMX - 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%
AHYMX
abrdn Short Duration High Yield Municipal Fund
-0.56%2.91%4.07%1.56%-9.36%4.06%1.81%5.23%1.50%4.19%

Returns By Period

In the year-to-date period, HIMYX achieves a -1.26% return, which is significantly lower than AHYMX's -0.56% return. Over the past 10 years, HIMYX has outperformed AHYMX with an annualized return of 2.16%, while AHYMX has yielded a comparatively lower 1.49% 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%

AHYMX

1D
0.11%
1M
-1.87%
YTD
-0.56%
6M
0.63%
1Y
1.87%
3Y*
2.42%
5Y*
0.19%
10Y*
1.49%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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HIMYX vs. AHYMX - Expense Ratio Comparison

HIMYX has a 0.55% expense ratio, which is lower than AHYMX's 0.68% expense ratio.


Return for Risk

HIMYX vs. AHYMX — 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

AHYMX
AHYMX Risk / Return Rank: 2222
Overall Rank
AHYMX Sharpe Ratio Rank: 2222
Sharpe Ratio Rank
AHYMX Sortino Ratio Rank: 1818
Sortino Ratio Rank
AHYMX Omega Ratio Rank: 2727
Omega Ratio Rank
AHYMX Calmar Ratio Rank: 2424
Calmar Ratio Rank
AHYMX Martin Ratio Rank: 1818
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. AHYMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pioneer High Income Municipal Fund (HIMYX) and abrdn Short Duration High Yield Municipal Fund (AHYMX). 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.


HIMYXAHYMXDifference

Sharpe ratio

Return per unit of total volatility

-0.24

0.58

-0.82

Sortino ratio

Return per unit of downside risk

-0.30

0.81

-1.11

Omega ratio

Gain probability vs. loss probability

0.95

1.15

-0.20

Calmar ratio

Return relative to maximum drawdown

-0.26

0.70

-0.96

Martin ratio

Return relative to average drawdown

-0.53

1.95

-2.48

HIMYX vs. AHYMX - Sharpe Ratio Comparison

The current HIMYX Sharpe Ratio is -0.24, which is lower than the AHYMX Sharpe Ratio of 0.58. The chart below compares the historical Sharpe Ratios of HIMYX and AHYMX, 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


HIMYXAHYMXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-0.24

0.58

-0.82

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.09

0.07

-0.16

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.43

0.58

-0.15

Sharpe Ratio (All Time)

Calculated using the full available price history

0.52

0.92

-0.41

Correlation

The correlation between HIMYX and AHYMX is 0.60, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.


Dividends

HIMYX vs. AHYMX - Dividend Comparison

HIMYX's dividend yield for the trailing twelve months is around 8.27%, more than AHYMX's 4.21% 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%
AHYMX
abrdn Short Duration High Yield Municipal Fund
4.21%4.52%3.32%2.21%2.05%2.31%2.74%3.10%3.39%2.82%3.28%3.43%

Drawdowns

HIMYX vs. AHYMX - Drawdown Comparison

The maximum HIMYX drawdown since its inception was -35.00%, which is greater than AHYMX's maximum drawdown of -11.53%. Use the drawdown chart below to compare losses from any high point for HIMYX and AHYMX.


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Drawdown Indicators


HIMYXAHYMXDifference

Max Drawdown

Largest peak-to-trough decline

-35.00%

-11.53%

-23.47%

Max Drawdown (1Y)

Largest decline over 1 year

-6.96%

-3.81%

-3.15%

Max Drawdown (5Y)

Largest decline over 5 years

-19.32%

-11.53%

-7.79%

Max Drawdown (10Y)

Largest decline over 10 years

-19.32%

-11.53%

-7.79%

Current Drawdown

Current decline from peak

-7.07%

-2.13%

-4.94%

Average Drawdown

Average peak-to-trough decline

-5.66%

-2.51%

-3.15%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.49%

1.36%

+2.13%

Volatility

HIMYX vs. AHYMX - Volatility Comparison

Pioneer High Income Municipal Fund (HIMYX) has a higher volatility of 1.37% compared to abrdn Short Duration High Yield Municipal Fund (AHYMX) at 0.88%. This indicates that HIMYX's price experiences larger fluctuations and is considered to be riskier than AHYMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


HIMYXAHYMXDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.37%

0.88%

+0.49%

Volatility (6M)

Calculated over the trailing 6-month period

4.31%

1.63%

+2.68%

Volatility (1Y)

Calculated over the trailing 1-year period

8.40%

4.02%

+4.38%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

5.62%

2.87%

+2.75%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

5.04%

2.58%

+2.46%