STXAX vs. SHAPX
Compare and contrast key facts about Western Asset Municipal High Income Fund (STXAX) and ClearBridge Appreciation Fund (SHAPX).
STXAX is managed by Franklin Templeton. It was launched on Nov 5, 1992. SHAPX is managed by Franklin Templeton. It was launched on Mar 10, 1970.
Performance
STXAX vs. SHAPX - Performance Comparison
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STXAX vs. SHAPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
STXAX Western Asset Municipal High Income Fund | -0.56% | 4.23% | 3.41% | 7.63% | -11.29% | 3.36% | 3.77% | 8.18% | 1.08% | 6.82% |
SHAPX ClearBridge Appreciation Fund | -6.24% | 14.32% | 22.37% | 19.50% | -12.56% | 23.52% | 14.53% | 29.84% | -2.19% | 18.31% |
Returns By Period
In the year-to-date period, STXAX achieves a -0.56% return, which is significantly higher than SHAPX's -6.24% return. Over the past 10 years, STXAX has underperformed SHAPX with an annualized return of 2.40%, while SHAPX has yielded a comparatively higher 11.99% annualized return.
STXAX
- 1D
- 0.24%
- 1M
- -2.84%
- YTD
- -0.56%
- 6M
- 0.88%
- 1Y
- 3.24%
- 3Y*
- 3.93%
- 5Y*
- 1.10%
- 10Y*
- 2.40%
SHAPX
- 1D
- -0.06%
- 1M
- -7.91%
- YTD
- -6.24%
- 6M
- -5.30%
- 1Y
- 10.69%
- 3Y*
- 14.58%
- 5Y*
- 10.06%
- 10Y*
- 11.99%
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STXAX vs. SHAPX - Expense Ratio Comparison
STXAX has a 0.83% expense ratio, which is lower than SHAPX's 0.93% expense ratio.
Return for Risk
STXAX vs. SHAPX — Risk / Return Rank
STXAX
SHAPX
STXAX vs. SHAPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Western Asset Municipal High Income Fund (STXAX) and ClearBridge Appreciation Fund (SHAPX). 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.
| STXAX | SHAPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.68 | 0.72 | -0.04 |
Sortino ratioReturn per unit of downside risk | 0.93 | 1.13 | -0.20 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.17 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 0.73 | 0.89 | -0.16 |
Martin ratioReturn relative to average drawdown | 2.07 | 4.11 | -2.04 |
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
| STXAX | SHAPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.68 | 0.72 | -0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.24 | 0.68 | -0.45 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | 0.72 | -0.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.06 | 0.77 | +0.29 |
Correlation
The correlation between STXAX and SHAPX is 0.03, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
STXAX vs. SHAPX - Dividend Comparison
STXAX's dividend yield for the trailing twelve months is around 3.88%, less than SHAPX's 15.01% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
STXAX Western Asset Municipal High Income Fund | 3.88% | 4.77% | 3.83% | 3.56% | 2.97% | 2.47% | 3.32% | 4.41% | 4.30% | 4.30% | 4.11% | 4.44% |
SHAPX ClearBridge Appreciation Fund | 15.01% | 14.08% | 9.00% | 4.17% | 8.85% | 6.54% | 4.13% | 7.09% | 6.71% | 5.10% | 3.29% | 4.76% |
Drawdowns
STXAX vs. SHAPX - Drawdown Comparison
The maximum STXAX drawdown since its inception was -22.48%, smaller than the maximum SHAPX drawdown of -46.19%. Use the drawdown chart below to compare losses from any high point for STXAX and SHAPX.
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Drawdown Indicators
| STXAX | SHAPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.48% | -46.19% | +23.71% |
Max Drawdown (1Y)Largest decline over 1 year | -6.11% | -10.57% | +4.46% |
Max Drawdown (5Y)Largest decline over 5 years | -16.46% | -20.53% | +4.07% |
Max Drawdown (10Y)Largest decline over 10 years | -16.46% | -32.21% | +15.75% |
Current DrawdownCurrent decline from peak | -2.84% | -8.74% | +5.90% |
Average DrawdownAverage peak-to-trough decline | -2.22% | -4.79% | +2.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.16% | 2.29% | -0.13% |
Volatility
STXAX vs. SHAPX - Volatility Comparison
The current volatility for Western Asset Municipal High Income Fund (STXAX) is 1.34%, while ClearBridge Appreciation Fund (SHAPX) has a volatility of 3.74%. This indicates that STXAX experiences smaller price fluctuations and is considered to be less risky than SHAPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| STXAX | SHAPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.34% | 3.74% | -2.40% |
Volatility (6M)Calculated over the trailing 6-month period | 2.00% | 7.86% | -5.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.14% | 15.90% | -9.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.70% | 14.85% | -10.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.62% | 16.70% | -12.08% |