MMHVX vs. HIMFX
Compare and contrast key facts about MainStay MacKay High Yield Municipal Bond Fund (MMHVX) and American High-Income Municipal Bond Fund Class F-3 (HIMFX).
MMHVX is managed by MainStay. It was launched on Mar 30, 2010. HIMFX is an actively managed fund by Capital Group. It was launched on Jan 27, 2017.
Performance
MMHVX vs. HIMFX - Performance Comparison
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MMHVX vs. HIMFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MMHVX MainStay MacKay High Yield Municipal Bond Fund | -0.65% | 4.27% | 4.24% | 8.60% | -14.42% | 6.12% | 5.18% | 9.18% | 4.06% | 7.39% |
HIMFX American High-Income Municipal Bond Fund Class F-3 | -0.45% | 4.69% | 6.23% | 7.89% | -12.36% | 5.60% | 4.74% | 8.92% | 1.91% | 8.22% |
Returns By Period
In the year-to-date period, MMHVX achieves a -0.65% return, which is significantly lower than HIMFX's -0.45% return.
MMHVX
- 1D
- 0.17%
- 1M
- -2.94%
- YTD
- -0.65%
- 6M
- 0.90%
- 1Y
- 3.27%
- 3Y*
- 4.43%
- 5Y*
- 0.94%
- 10Y*
- 3.14%
HIMFX
- 1D
- 0.07%
- 1M
- -2.70%
- YTD
- -0.45%
- 6M
- 1.33%
- 1Y
- 3.90%
- 3Y*
- 5.19%
- 5Y*
- 1.71%
- 10Y*
- —
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MMHVX vs. HIMFX - Expense Ratio Comparison
MMHVX has a 0.87% expense ratio, which is higher than HIMFX's 0.31% expense ratio.
Return for Risk
MMHVX vs. HIMFX — Risk / Return Rank
MMHVX
HIMFX
MMHVX vs. HIMFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MainStay MacKay High Yield Municipal Bond Fund (MMHVX) 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.
| MMHVX | HIMFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.64 | 0.72 | -0.08 |
Sortino ratioReturn per unit of downside risk | 0.90 | 0.97 | -0.07 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.21 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 0.66 | 0.87 | -0.21 |
Martin ratioReturn relative to average drawdown | 1.84 | 2.64 | -0.80 |
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
| MMHVX | HIMFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.64 | 0.72 | -0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.17 | 0.36 | -0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.02 | 0.80 | +0.22 |
Correlation
The correlation between MMHVX and HIMFX is 0.88, 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
MMHVX vs. HIMFX - Dividend Comparison
MMHVX's dividend yield for the trailing twelve months is around 4.06%, more than HIMFX's 4.00% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MMHVX MainStay MacKay High Yield Municipal Bond Fund | 4.06% | 5.31% | 3.98% | 3.28% | 3.47% | 2.71% | 3.32% | 3.83% | 3.91% | 3.92% | 4.20% | 4.40% |
HIMFX American High-Income Municipal Bond Fund Class F-3 | 4.00% | 4.32% | 3.83% | 3.71% | 2.80% | 3.54% | 3.73% | 3.49% | 3.99% | 3.61% | 0.00% | 0.00% |
Drawdowns
MMHVX vs. HIMFX - Drawdown Comparison
The maximum MMHVX drawdown since its inception was -20.86%, which is greater than HIMFX's maximum drawdown of -17.57%. Use the drawdown chart below to compare losses from any high point for MMHVX and HIMFX.
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Drawdown Indicators
| MMHVX | HIMFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.86% | -17.57% | -3.29% |
Max Drawdown (1Y)Largest decline over 1 year | -6.27% | -5.60% | -0.67% |
Max Drawdown (5Y)Largest decline over 5 years | -20.86% | -17.57% | -3.29% |
Max Drawdown (10Y)Largest decline over 10 years | -20.86% | — | — |
Current DrawdownCurrent decline from peak | -2.94% | -2.70% | -0.24% |
Average DrawdownAverage peak-to-trough decline | -3.23% | -3.21% | -0.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.25% | 1.85% | +0.40% |
Volatility
MMHVX vs. HIMFX - Volatility Comparison
MainStay MacKay High Yield Municipal Bond Fund (MMHVX) has a higher volatility of 1.28% compared to American High-Income Municipal Bond Fund Class F-3 (HIMFX) at 1.08%. This indicates that MMHVX'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
| MMHVX | HIMFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.28% | 1.08% | +0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 2.09% | 1.87% | +0.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.65% | 6.36% | +0.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.61% | 4.78% | +0.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.30% | 4.62% | +0.68% |