THYIX vs. AHYMX
THYIX (Transamerica High Yield Muni) and AHYMX (abrdn Short Duration High Yield Municipal Fund) are both High Yield Muni funds. Over the past 10 years, THYIX returned 2.24%/yr vs 1.52%/yr for AHYMX. A 0.69 correlation means they provide meaningful diversification when combined. THYIX charges 0.76%/yr vs 0.68%/yr for AHYMX.
Performance
THYIX vs. AHYMX - Performance Comparison
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Returns By Period
In the year-to-date period, THYIX achieves a 2.46% return, which is significantly higher than AHYMX's 1.18% return. Over the past 10 years, THYIX has outperformed AHYMX with an annualized return of 2.24%, while AHYMX has yielded a comparatively lower 1.52% annualized return.
THYIX
- 1D
- 0.00%
- 1M
- 1.40%
- YTD
- 2.46%
- 6M
- 3.05%
- 1Y
- 7.09%
- 3Y*
- 5.30%
- 5Y*
- 0.10%
- 10Y*
- 2.24%
AHYMX
- 1D
- 0.00%
- 1M
- 1.23%
- YTD
- 1.18%
- 6M
- 1.87%
- 1Y
- 4.90%
- 3Y*
- 2.82%
- 5Y*
- 0.13%
- 10Y*
- 1.52%
THYIX vs. AHYMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
THYIX Transamerica High Yield Muni | 2.46% | 3.17% | 6.05% | 8.24% | -18.68% | 7.94% | 3.15% | 9.62% | 0.66% | 9.67% |
AHYMX abrdn Short Duration High Yield Municipal Fund | 1.18% | 2.91% | 4.07% | 1.56% | -9.36% | 4.06% | 1.81% | 5.23% | 1.50% | 4.19% |
Correlation
The correlation between THYIX and AHYMX is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2014 | 0.69 |
The correlation between THYIX and AHYMX shifts across timeframes, from 0.69 (all time) to 0.80 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
THYIX vs. AHYMX — Risk / Return Rank
THYIX
AHYMX
THYIX vs. AHYMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Transamerica High Yield Muni (THYIX) and abrdn Short Duration High Yield Municipal Fund (AHYMX). 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.
| THYIX | AHYMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.32 | ||
| Sortino ratioReturn per unit of downside risk | +0.46 | ||
| Omega ratioGain probability vs. loss probability | 1.52 | 1.43 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.48 | 2.48 | 0.00 |
| Martin ratioReturn relative to average drawdown | 8.37 | 8.83 | -0.46 |
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Drawdowns
THYIX vs. AHYMX - Drawdown Comparison
The maximum THYIX drawdown since its inception was -23.56%, which is greater than AHYMX's maximum drawdown of -11.53%. Use the drawdown chart below to compare losses from any high point for THYIX and AHYMX.
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Drawdown Indicators
| THYIX | AHYMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.56% | -11.53% | -12.03% |
Max Drawdown (1Y)Largest decline over 1 year | -2.74% | -1.98% | -0.76% |
Max Drawdown (3Y)Largest decline over 3 years | -6.66% | -4.53% | -2.13% |
Max Drawdown (5Y)Largest decline over 5 years | -23.56% | -11.53% | -12.03% |
Max Drawdown (10Y)Largest decline over 10 years | -23.56% | -11.53% | -12.03% |
Current DrawdownCurrent decline from peak | -1.34% | -0.42% | -0.92% |
Average DrawdownAverage peak-to-trough decline | -4.56% | -2.48% | -2.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.81% | 0.56% | +0.25% |
Volatility
THYIX vs. AHYMX - Volatility Comparison
Transamerica High Yield Muni (THYIX) and abrdn Short Duration High Yield Municipal Fund (AHYMX) have volatilities of 0.73% and 0.75%, 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
| THYIX | AHYMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.73% | 0.75% | -0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 2.25% | 1.94% | +0.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.12% | 2.65% | +0.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.37% | 2.93% | +2.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.98% | 2.61% | +2.37% |
THYIX vs. AHYMX - Expense Ratio Comparison
THYIX has a 0.76% expense ratio, which is higher than AHYMX's 0.68% expense ratio.
Dividends
THYIX vs. AHYMX - Dividend Comparison
THYIX's dividend yield for the trailing twelve months is around 4.37%, less than AHYMX's 4.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AHYMX abrdn Short Duration High Yield Municipal Fund | 4.56% | 4.52% | 3.32% | 2.21% | 2.05% | 2.31% | 2.74% | 3.10% | 3.39% | 2.82% | 3.28% | 3.43% |
THYIX Transamerica High Yield Muni | 4.37% | 4.52% | 3.93% | 3.18% | 2.81% | 3.10% | 3.64% | 3.65% | 3.81% | 3.10% | 4.42% | 3.40% |
Frequently Asked Questions
THYIX and AHYMX have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AHYMX has higher volatility (0.75%) compared to THYIX (0.73%). In terms of maximum drawdown, THYIX dropped -23.56% vs AHYMX's -11.53%.
THYIX currently has the higher Sharpe Ratio (2.18 vs 1.86), 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.
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