RWMIX vs. HIMFX
Compare and contrast key facts about Redwood Managed Municipal Income Fund (RWMIX) and American High-Income Municipal Bond Fund Class F-3 (HIMFX).
RWMIX is managed by Redwood. It was launched on Mar 8, 2017. HIMFX is an actively managed fund by Capital Group. It was launched on Jan 27, 2017.
Performance
RWMIX vs. HIMFX - Performance Comparison
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RWMIX vs. HIMFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RWMIX Redwood Managed Municipal Income Fund | 0.01% | -2.18% | 2.69% | 3.77% | -9.56% | 4.28% | 0.13% | 10.09% | 0.30% | 3.08% |
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% | 3.97% |
Returns By Period
In the year-to-date period, RWMIX achieves a 0.01% return, which is significantly higher than HIMFX's -0.45% return.
RWMIX
- 1D
- -0.01%
- 1M
- -1.88%
- YTD
- 0.01%
- 6M
- 0.93%
- 1Y
- -1.25%
- 3Y*
- 0.91%
- 5Y*
- -0.57%
- 10Y*
- —
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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RWMIX vs. HIMFX - Expense Ratio Comparison
RWMIX has a 1.00% expense ratio, which is higher than HIMFX's 0.31% expense ratio.
Return for Risk
RWMIX vs. HIMFX — Risk / Return Rank
RWMIX
HIMFX
RWMIX vs. HIMFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Redwood Managed Municipal Income Fund (RWMIX) 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.
| RWMIX | HIMFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.25 | 0.72 | -0.97 |
Sortino ratioReturn per unit of downside risk | -0.25 | 0.97 | -1.22 |
Omega ratioGain probability vs. loss probability | 0.92 | 1.21 | -0.29 |
Calmar ratioReturn relative to maximum drawdown | -0.18 | 0.87 | -1.05 |
Martin ratioReturn relative to average drawdown | -0.26 | 2.64 | -2.90 |
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
| RWMIX | HIMFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.25 | 0.72 | -0.97 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.15 | 0.36 | -0.51 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 0.80 | -0.43 |
Correlation
The correlation between RWMIX and HIMFX 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
RWMIX vs. HIMFX - Dividend Comparison
RWMIX's dividend yield for the trailing twelve months is around 3.58%, less than HIMFX's 4.00% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RWMIX Redwood Managed Municipal Income Fund | 3.58% | 2.67% | 4.08% | 2.80% | 1.02% | 6.80% | 2.16% | 3.36% | 2.13% | 2.06% |
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% |
Drawdowns
RWMIX vs. HIMFX - Drawdown Comparison
The maximum RWMIX drawdown since its inception was -12.90%, smaller than the maximum HIMFX drawdown of -17.57%. Use the drawdown chart below to compare losses from any high point for RWMIX and HIMFX.
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Drawdown Indicators
| RWMIX | HIMFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.90% | -17.57% | +4.67% |
Max Drawdown (1Y)Largest decline over 1 year | -5.56% | -5.60% | +0.04% |
Max Drawdown (5Y)Largest decline over 5 years | -12.90% | -17.57% | +4.67% |
Current DrawdownCurrent decline from peak | -7.10% | -2.70% | -4.40% |
Average DrawdownAverage peak-to-trough decline | -4.65% | -3.21% | -1.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.76% | 1.85% | +1.91% |
Volatility
RWMIX vs. HIMFX - Volatility Comparison
Redwood Managed Municipal Income Fund (RWMIX) and American High-Income Municipal Bond Fund Class F-3 (HIMFX) have volatilities of 1.08% and 1.08%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RWMIX | HIMFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.08% | 1.08% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 1.56% | 1.87% | -0.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.89% | 6.36% | -2.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.92% | 4.78% | -0.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.54% | 4.62% | -1.08% |