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SHYTX vs. AMHIX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

Performance

SHYTX vs. AMHIX - Performance Comparison

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

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SHYTX vs. AMHIX - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
SHYTX
DWS Strategic High Yield Tax
-0.53%4.05%5.47%7.64%-17.22%5.44%5.04%9.64%-0.46%5.99%
AMHIX
American High-Income Municipal Bond Fund
-0.51%5.70%6.19%7.18%-12.59%5.28%4.39%8.88%1.59%8.89%

Returns By Period

The year-to-date returns for both investments are quite close, with SHYTX having a -0.53% return and AMHIX slightly higher at -0.51%. Over the past 10 years, SHYTX has underperformed AMHIX with an annualized return of 2.15%, while AMHIX has yielded a comparatively higher 3.20% annualized return.


SHYTX

1D
0.19%
1M
-2.53%
YTD
-0.53%
6M
1.41%
1Y
3.78%
3Y*
4.44%
5Y*
0.37%
10Y*
2.15%

AMHIX

1D
0.07%
1M
-2.70%
YTD
-0.51%
6M
1.18%
1Y
3.94%
3Y*
5.30%
5Y*
1.65%
10Y*
3.20%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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SHYTX vs. AMHIX - Expense Ratio Comparison

SHYTX has a 0.59% expense ratio, which is lower than AMHIX's 0.63% expense ratio.


Return for Risk

SHYTX vs. AMHIX — Risk / Return Rank

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

SHYTX
SHYTX Risk / Return Rank: 2626
Overall Rank
SHYTX Sharpe Ratio Rank: 2828
Sharpe Ratio Rank
SHYTX Sortino Ratio Rank: 2222
Sortino Ratio Rank
SHYTX Omega Ratio Rank: 3838
Omega Ratio Rank
SHYTX Calmar Ratio Rank: 2222
Calmar Ratio Rank
SHYTX Martin Ratio Rank: 1919
Martin Ratio Rank

AMHIX
AMHIX Risk / Return Rank: 3838
Overall Rank
AMHIX Sharpe Ratio Rank: 3535
Sharpe Ratio Rank
AMHIX Sortino Ratio Rank: 2929
Sortino Ratio Rank
AMHIX Omega Ratio Rank: 6161
Omega Ratio Rank
AMHIX Calmar Ratio Rank: 3535
Calmar Ratio Rank
AMHIX Martin Ratio Rank: 2828
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.

SHYTX vs. AMHIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for DWS Strategic High Yield Tax (SHYTX) 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.


SHYTXAMHIXDifference

Sharpe ratio

Return per unit of total volatility

0.67

0.77

-0.10

Sortino ratio

Return per unit of downside risk

0.91

1.04

-0.13

Omega ratio

Gain probability vs. loss probability

1.18

1.23

-0.05

Calmar ratio

Return relative to maximum drawdown

0.66

0.94

-0.28

Martin ratio

Return relative to average drawdown

2.01

3.04

-1.03

SHYTX vs. AMHIX - Sharpe Ratio Comparison

The current SHYTX Sharpe Ratio is 0.67, which is comparable to the AMHIX Sharpe Ratio of 0.77. The chart below compares the historical Sharpe Ratios of SHYTX 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.


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Sharpe Ratios by Period


SHYTXAMHIXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.67

0.77

-0.10

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.07

0.35

-0.27

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.43

0.71

-0.28

Sharpe Ratio (All Time)

Calculated using the full available price history

1.23

1.39

-0.16

Correlation

The correlation between SHYTX and AMHIX is 0.76, 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

SHYTX vs. AMHIX - Dividend Comparison

SHYTX's dividend yield for the trailing twelve months is around 5.52%, more than AMHIX's 4.03% yield.


TTM20252024202320222021202020192018201720162015
SHYTX
DWS Strategic High Yield Tax
5.52%5.59%4.01%3.14%2.90%2.88%4.44%4.87%4.35%3.49%4.29%4.79%
AMHIX
American High-Income Municipal Bond Fund
4.03%5.26%3.80%3.10%2.53%3.23%3.40%3.46%3.67%4.01%3.55%4.03%

Drawdowns

SHYTX vs. AMHIX - Drawdown Comparison

The maximum SHYTX drawdown since its inception was -27.17%, which is greater than AMHIX's maximum drawdown of -21.74%. Use the drawdown chart below to compare losses from any high point for SHYTX and AMHIX.


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Drawdown Indicators


SHYTXAMHIXDifference

Max Drawdown

Largest peak-to-trough decline

-27.17%

-21.74%

-5.43%

Max Drawdown (1Y)

Largest decline over 1 year

-5.90%

-5.60%

-0.30%

Max Drawdown (5Y)

Largest decline over 5 years

-22.59%

-17.81%

-4.78%

Max Drawdown (10Y)

Largest decline over 10 years

-22.59%

-17.81%

-4.78%

Current Drawdown

Current decline from peak

-3.06%

-2.70%

-0.36%

Average Drawdown

Average peak-to-trough decline

-2.76%

-2.13%

-0.63%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.93%

1.72%

+0.21%

Volatility

SHYTX vs. AMHIX - Volatility Comparison

DWS Strategic High Yield Tax (SHYTX) has a higher volatility of 1.40% compared to American High-Income Municipal Bond Fund (AMHIX) at 1.08%. This indicates that SHYTX'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.


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Volatility by Period


SHYTXAMHIXDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.40%

1.08%

+0.32%

Volatility (6M)

Calculated over the trailing 6-month period

2.16%

1.84%

+0.32%

Volatility (1Y)

Calculated over the trailing 1-year period

6.04%

6.43%

-0.39%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

5.18%

4.80%

+0.38%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

5.00%

4.51%

+0.49%