Correlation
The correlation between SHYTX 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.
SHYTX vs. AMHIX
Compare and contrast key facts about DWS Strategic High Yield Tax (SHYTX) and American High-Income Municipal Bond Fund (AMHIX).
SHYTX is managed by DWS. It was launched on Jan 21, 1987. AMHIX is managed by American Funds. It was launched on Sep 25, 1994.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SHYTX or AMHIX.
Performance
SHYTX vs. AMHIX - Performance Comparison
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Key characteristics
SHYTX:
0.75
AMHIX:
0.64
SHYTX:
0.93
AMHIX:
0.76
SHYTX:
1.16
AMHIX:
1.13
SHYTX:
0.74
AMHIX:
0.57
SHYTX:
2.49
AMHIX:
1.85
SHYTX:
1.87%
AMHIX:
1.84%
SHYTX:
6.72%
AMHIX:
6.07%
SHYTX:
-27.13%
AMHIX:
-21.73%
SHYTX:
-3.67%
AMHIX:
-3.48%
Returns By Period
In the year-to-date period, SHYTX achieves a -1.87% return, which is significantly lower than AMHIX's -1.61% return. Over the past 10 years, SHYTX has underperformed AMHIX with an annualized return of 2.85%, while AMHIX has yielded a comparatively higher 3.32% annualized return.
SHYTX
-1.87%
-0.87%
-3.23%
4.55%
3.39%
3.05%
2.85%
AMHIX
-1.61%
-0.54%
-2.99%
3.35%
2.57%
3.02%
3.32%
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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.
Risk-Adjusted Performance
SHYTX vs. AMHIX — Risk-Adjusted Performance Rank
SHYTX
AMHIX
SHYTX vs. AMHIX - Risk-Adjusted Performance 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.
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Dividends
SHYTX vs. AMHIX - Dividend Comparison
SHYTX's dividend yield for the trailing twelve months is around 6.53%, more than AMHIX's 3.66% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SHYTX DWS Strategic High Yield Tax | 6.53% | 6.49% | 4.91% | 5.32% | 3.46% | 4.68% | 4.26% | 4.05% | 3.98% | 4.49% | 4.72% | 4.76% |
AMHIX American High-Income Municipal Bond Fund | 3.66% | 3.84% | 3.77% | 3.39% | 3.46% | 3.40% | 3.48% | 3.68% | 3.71% | 3.89% | 4.01% | 4.20% |
Drawdowns
SHYTX vs. AMHIX - Drawdown Comparison
The maximum SHYTX drawdown since its inception was -27.13%, which is greater than AMHIX's maximum drawdown of -21.73%. Use the drawdown chart below to compare losses from any high point for SHYTX and AMHIX.
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Volatility
SHYTX vs. AMHIX - Volatility Comparison
DWS Strategic High Yield Tax (SHYTX) has a higher volatility of 0.95% compared to American High-Income Municipal Bond Fund (AMHIX) at 0.83%. 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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