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ORNAX vs. AMHIX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between ORNAX and AMHIX is -0.04. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.


Performance

ORNAX vs. AMHIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Rochester Municipal Opportunities Fund (ORNAX) and American High-Income Municipal Bond Fund (AMHIX). The values are adjusted to include any dividend payments, if applicable.

300.00%310.00%320.00%330.00%340.00%350.00%360.00%December2025FebruaryMarchAprilMay
344.88%
311.16%
ORNAX
AMHIX

Key characteristics

Sharpe Ratio

ORNAX:

0.09

AMHIX:

0.45

Sortino Ratio

ORNAX:

0.17

AMHIX:

0.63

Omega Ratio

ORNAX:

1.03

AMHIX:

1.11

Calmar Ratio

ORNAX:

0.08

AMHIX:

0.46

Martin Ratio

ORNAX:

0.32

AMHIX:

1.64

Ulcer Index

ORNAX:

2.01%

AMHIX:

1.69%

Daily Std Dev

ORNAX:

7.17%

AMHIX:

6.02%

Max Drawdown

ORNAX:

-55.48%

AMHIX:

-21.73%

Current Drawdown

ORNAX:

-5.16%

AMHIX:

-3.43%

Returns By Period

In the year-to-date period, ORNAX achieves a -2.52% return, which is significantly lower than AMHIX's -1.56% return. Over the past 10 years, ORNAX has outperformed AMHIX with an annualized return of 4.59%, while AMHIX has yielded a comparatively lower 3.23% annualized return.


ORNAX

YTD

-2.52%

1M

3.46%

6M

-2.52%

1Y

0.65%

5Y*

3.04%

10Y*

4.59%

AMHIX

YTD

-1.56%

1M

2.76%

6M

-1.53%

1Y

2.70%

5Y*

3.21%

10Y*

3.23%

*Annualized

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ORNAX vs. AMHIX - Expense Ratio Comparison

ORNAX has a 0.72% expense ratio, which is higher than AMHIX's 0.63% expense ratio.


Risk-Adjusted Performance

ORNAX vs. AMHIX — Risk-Adjusted Performance Rank

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

ORNAX
The Risk-Adjusted Performance Rank of ORNAX is 2626
Overall Rank
The Sharpe Ratio Rank of ORNAX is 2727
Sharpe Ratio Rank
The Sortino Ratio Rank of ORNAX is 2323
Sortino Ratio Rank
The Omega Ratio Rank of ORNAX is 2525
Omega Ratio Rank
The Calmar Ratio Rank of ORNAX is 2828
Calmar Ratio Rank
The Martin Ratio Rank of ORNAX is 2828
Martin Ratio Rank

AMHIX
The Risk-Adjusted Performance Rank of AMHIX is 5454
Overall Rank
The Sharpe Ratio Rank of AMHIX is 5353
Sharpe Ratio Rank
The Sortino Ratio Rank of AMHIX is 4747
Sortino Ratio Rank
The Omega Ratio Rank of AMHIX is 5656
Omega Ratio Rank
The Calmar Ratio Rank of AMHIX is 6262
Calmar Ratio Rank
The Martin Ratio Rank of AMHIX is 5454
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

ORNAX vs. AMHIX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Rochester Municipal Opportunities Fund (ORNAX) and American High-Income Municipal Bond Fund (AMHIX). 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.


The current ORNAX Sharpe Ratio is 0.09, which is lower than the AMHIX Sharpe Ratio of 0.45. The chart below compares the historical Sharpe Ratios of ORNAX and AMHIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.001.002.003.00December2025FebruaryMarchAprilMay
0.09
0.45
ORNAX
AMHIX

Dividends

ORNAX vs. AMHIX - Dividend Comparison

ORNAX's dividend yield for the trailing twelve months is around 5.02%, more than AMHIX's 3.62% yield.


TTM20242023202220212020201920182017201620152014
ORNAX
Invesco Rochester Municipal Opportunities Fund
5.02%5.27%5.06%4.81%4.25%4.81%4.24%4.80%5.78%6.56%6.67%7.51%
AMHIX
American High-Income Municipal Bond Fund
3.62%3.84%3.77%3.39%2.72%3.25%3.39%3.68%3.71%3.89%4.01%4.20%

Drawdowns

ORNAX vs. AMHIX - Drawdown Comparison

The maximum ORNAX drawdown since its inception was -55.48%, which is greater than AMHIX's maximum drawdown of -21.73%. Use the drawdown chart below to compare losses from any high point for ORNAX and AMHIX. For additional features, visit the drawdowns tool.


-8.00%-6.00%-4.00%-2.00%0.00%December2025FebruaryMarchAprilMay
-5.16%
-3.43%
ORNAX
AMHIX

Volatility

ORNAX vs. AMHIX - Volatility Comparison

Invesco Rochester Municipal Opportunities Fund (ORNAX) has a higher volatility of 3.80% compared to American High-Income Municipal Bond Fund (AMHIX) at 3.11%. This indicates that ORNAX's price experiences larger fluctuations and is considered to be riskier than AMHIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


1.00%2.00%3.00%4.00%5.00%6.00%December2025FebruaryMarchAprilMay
3.80%
3.11%
ORNAX
AMHIX