RIRGX vs. FMUAX

Last updated Aug 1, 2026

RIRGX (American Funds Capital Income Builder Fund Class R6) and FMUAX (Federated Hermes Municipal and Stock Advantage Fund) are both Diversified Portfolio funds. Over the past 10 years, RIRGX returned 8.08%/yr vs 5.95%/yr for FMUAX. Their correlation of 0.85 means they have usually moved in the same direction. RIRGX charges 0.26%/yr vs 1.00%/yr for FMUAX.

Performance

RIRGX vs. FMUAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Funds Capital Income Builder Fund Class R6 (RIRGX) and Federated Hermes Municipal and Stock Advantage Fund (FMUAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RIRGX achieves a 10.56% return, which is significantly higher than FMUAX's 5.65% return. Over the past 10 years, RIRGX has outperformed FMUAX with an annualized return of 8.08%, while FMUAX has yielded a comparatively lower 5.95% annualized return.

RIRGX

• 1D: 0.74%
• 1M: 1.61%
• 6M: 7.10%
• YTD: 10.56%
• 1Y: 19.19%
• 3Y*: 14.80%
• 5Y*: 9.34%
• 10Y*: 8.08%
• ALL TIME*: 7.87%

FMUAX

• 1D: 0.60%
• 1M: -0.69%
• 6M: 4.11%
• YTD: 5.65%
• 1Y: 12.97%
• 3Y*: 9.05%
• 5Y*: 4.63%
• 10Y*: 5.95%
• ALL TIME*: 6.01%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FMUAX Federated Hermes Municipal and Stock Advantage Fund	$0.00	$0.00	$0.00
RIRGX American Funds Capital Income Builder Fund Class R6	$0.00	$0.00	$0.00

RIRGX vs. FMUAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RIRGX American Funds Capital Income Builder Fund Class R6	10.56%	20.76%	9.78%	9.31%	-6.85%	15.39%	3.31%	17.61%	-6.75%	14.30%
FMUAX Federated Hermes Municipal and Stock Advantage Fund	5.65%	9.00%	8.70%	9.81%	-10.68%	10.32%	8.48%	15.16%	-5.24%	11.09%

Correlation

The correlation between RIRGX and FMUAX is 0.63, 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.	0.63
Correlation (3Y) Balances recent behavior with more history.	0.71
Correlation (5Y) Shows whether the relationship held over a longer period.	0.80
Correlation (10Y) Provides a long-term view across more market conditions.	0.82
Correlation (All Time) Calculated using the full available price history since Jan 4, 2010	0.85

Over the past year, the correlation between RIRGX and FMUAX has dropped to 0.63 - well below their long-term average of 0.85, suggesting their price drivers have been diverging.

Return for Risk

RIRGX vs. FMUAX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

RIRGX

RIRGX Risk / Return Rank: 85
RIRGX Sharpe Ratio Rank: 88
RIRGX Sortino Ratio Rank: 86
RIRGX Omega Ratio Rank: 84
RIRGX Calmar Ratio Rank: 81
RIRGX Martin Ratio Rank: 86

FMUAX

FMUAX Risk / Return Rank: 91
FMUAX Sharpe Ratio Rank: 93
FMUAX Sortino Ratio Rank: 94
FMUAX Omega Ratio Rank: 88
FMUAX Calmar Ratio Rank: 88
FMUAX Martin Ratio Rank: 94

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

RIRGX vs. FMUAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Funds Capital Income Builder Fund Class R6 (RIRGX) and Federated Hermes Municipal and Stock Advantage Fund (FMUAX). 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.

	RIRGX	FMUAX	Difference
Sharpe ratio: Return per unit of total volatility	2.20	2.46	-0.25
Sortino ratio: Return per unit of downside risk	3.16	3.75	-0.59
Omega ratio: Gain probability vs. loss probability	1.41	1.46	-0.04
Calmar ratio: Return relative to maximum drawdown	2.79	3.17	-0.38
Martin ratio: Return relative to average drawdown	11.20	15.09	-3.89

RIRGX vs. FMUAX - Sharpe Ratio Comparison

The current RIRGX Sharpe Ratio is 2.20, which is comparable to the FMUAX Sharpe Ratio of 2.46. The chart below compares the historical Sharpe Ratios of RIRGX and FMUAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

RIRGX vs. FMUAX - Drawdown Comparison

The maximum RIRGX drawdown since its inception was -25.25%, which is greater than FMUAX's maximum drawdown of -22.43%. Use the drawdown chart below to compare losses from any high point for RIRGX and FMUAX.

Drawdown Indicators

	RIRGX	FMUAX	Difference
Max Drawdown Largest peak-to-trough decline	-25.25%	-22.43%	-2.82%
Max Drawdown (1Y) Largest decline over 1 year	-6.47%	-4.94%	-1.53%
Max Drawdown (3Y) Largest decline over 3 years	-8.88%	-10.18%	+1.30%
Max Drawdown (5Y) Largest decline over 5 years	-17.45%	-15.93%	-1.52%
Max Drawdown (10Y) Largest decline over 10 years	-25.25%	-21.46%	-3.79%
Current Drawdown Current decline from peak	0.00%	-0.92%	+0.92%
Average Drawdown Average peak-to-trough decline	-3.03%	-2.74%	-0.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.61%	0.97%	+0.64%

Volatility

RIRGX vs. FMUAX - Volatility Comparison

American Funds Capital Income Builder Fund Class R6 (RIRGX) has a higher volatility of 1.96% compared to Federated Hermes Municipal and Stock Advantage Fund (FMUAX) at 1.68%. This indicates that RIRGX's price experiences larger fluctuations and is considered to be riskier than FMUAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RIRGX	FMUAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.96%	1.68%	+0.28%
Volatility (6M) Calculated over the trailing 6-month period	6.56%	4.95%	+1.61%
Volatility (1Y) Calculated over the trailing 1-year period	8.21%	6.38%	+1.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.99%	7.21%	+2.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.78%	8.14%	+2.64%

RIRGX vs. FMUAX - Expense Ratio Comparison

RIRGX has a 0.26% expense ratio, which is lower than FMUAX's 1.00% expense ratio.

Dividends

RIRGX vs. FMUAX - Dividend Comparison

RIRGX's dividend yield for the trailing twelve months is around 7.41%, more than FMUAX's 1.30% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FMUAX Federated Hermes Municipal and Stock Advantage Fund	1.30%	1.23%	2.01%	2.53%	2.25%	4.56%	2.12%	4.00%	7.98%	2.17%	2.36%	2.80%
RIRGX American Funds Capital Income Builder Fund Class R6	7.41%	8.03%	5.35%	3.79%	3.77%	3.46%	3.49%	4.41%	4.12%	4.73%	2.88%	3.92%

Frequently Asked Questions

Can I hold both RIRGX and FMUAX in my portfolio?

RIRGX and FMUAX have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RIRGX or FMUAX?

RIRGX has higher volatility (1.96%) compared to FMUAX (1.68%). In terms of maximum drawdown, RIRGX dropped -25.25% vs FMUAX's -22.43%.

Which has better risk-adjusted returns?

FMUAX currently has the higher Sharpe Ratio (2.46 vs 2.20), 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.