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AAAMX vs. BCHYX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

Performance

AAAMX vs. BCHYX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Century One Choice Blend+ 2020 Portfolio (AAAMX) and American Century California High Yield Municipal Fund (BCHYX). The values are adjusted to include any dividend payments, if applicable.

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AAAMX vs. BCHYX - Yearly Performance Comparison


2026 (YTD)20252024202320222021
AAAMX
American Century One Choice Blend+ 2020 Portfolio
-0.48%11.63%6.87%10.81%-13.19%6.88%
BCHYX
American Century California High Yield Municipal Fund
-0.38%3.48%4.07%6.69%-12.77%3.65%

Returns By Period

In the year-to-date period, AAAMX achieves a -0.48% return, which is significantly lower than BCHYX's -0.38% return.


AAAMX

1D
1.16%
1M
-3.06%
YTD
-0.48%
6M
1.03%
1Y
9.44%
3Y*
8.12%
5Y*
3.90%
10Y*

BCHYX

1D
0.42%
1M
-2.05%
YTD
-0.38%
6M
1.36%
1Y
3.49%
3Y*
3.71%
5Y*
0.66%
10Y*
2.39%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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AAAMX vs. BCHYX - Expense Ratio Comparison

AAAMX has a 0.57% expense ratio, which is higher than BCHYX's 0.49% expense ratio.


Return for Risk

AAAMX vs. BCHYX — Risk / Return Rank

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

AAAMX
AAAMX Risk / Return Rank: 7373
Overall Rank
AAAMX Sharpe Ratio Rank: 7373
Sharpe Ratio Rank
AAAMX Sortino Ratio Rank: 7474
Sortino Ratio Rank
AAAMX Omega Ratio Rank: 7171
Omega Ratio Rank
AAAMX Calmar Ratio Rank: 7272
Calmar Ratio Rank
AAAMX Martin Ratio Rank: 7575
Martin Ratio Rank

BCHYX
BCHYX Risk / Return Rank: 2525
Overall Rank
BCHYX Sharpe Ratio Rank: 2424
Sharpe Ratio Rank
BCHYX Sortino Ratio Rank: 2121
Sortino Ratio Rank
BCHYX Omega Ratio Rank: 3636
Omega Ratio Rank
BCHYX Calmar Ratio Rank: 2525
Calmar Ratio Rank
BCHYX Martin Ratio Rank: 2020
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.

AAAMX vs. BCHYX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Century One Choice Blend+ 2020 Portfolio (AAAMX) and American Century California High Yield Municipal Fund (BCHYX). 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.


AAAMXBCHYXDifference

Sharpe ratio

Return per unit of total volatility

1.38

0.66

+0.72

Sortino ratio

Return per unit of downside risk

1.96

0.93

+1.02

Omega ratio

Gain probability vs. loss probability

1.29

1.18

+0.10

Calmar ratio

Return relative to maximum drawdown

1.83

0.78

+1.05

Martin ratio

Return relative to average drawdown

7.85

2.32

+5.53

AAAMX vs. BCHYX - Sharpe Ratio Comparison

The current AAAMX Sharpe Ratio is 1.38, which is higher than the BCHYX Sharpe Ratio of 0.66. The chart below compares the historical Sharpe Ratios of AAAMX and BCHYX, 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


AAAMXBCHYXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.38

0.66

+0.72

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.51

0.14

+0.38

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.50

Sharpe Ratio (All Time)

Calculated using the full available price history

0.53

1.19

-0.66

Correlation

The correlation between AAAMX and BCHYX is 0.29, 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

AAAMX vs. BCHYX - Dividend Comparison

AAAMX's dividend yield for the trailing twelve months is around 5.15%, more than BCHYX's 4.34% yield.


TTM20252024202320222021202020192018201720162015
AAAMX
American Century One Choice Blend+ 2020 Portfolio
5.15%5.13%3.20%2.10%2.85%2.28%0.00%0.00%0.00%0.00%0.00%0.00%
BCHYX
American Century California High Yield Municipal Fund
4.34%4.58%4.41%3.67%2.55%2.57%3.07%3.50%3.52%3.50%3.59%3.67%

Drawdowns

AAAMX vs. BCHYX - Drawdown Comparison

The maximum AAAMX drawdown since its inception was -19.03%, roughly equal to the maximum BCHYX drawdown of -18.35%. Use the drawdown chart below to compare losses from any high point for AAAMX and BCHYX.


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Drawdown Indicators


AAAMXBCHYXDifference

Max Drawdown

Largest peak-to-trough decline

-19.03%

-18.35%

-0.68%

Max Drawdown (1Y)

Largest decline over 1 year

-5.40%

-5.76%

+0.36%

Max Drawdown (5Y)

Largest decline over 5 years

-19.03%

-18.35%

-0.68%

Max Drawdown (10Y)

Largest decline over 10 years

-18.35%

Current Drawdown

Current decline from peak

-3.42%

-2.35%

-1.07%

Average Drawdown

Average peak-to-trough decline

-4.98%

-2.39%

-2.59%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.26%

1.93%

-0.67%

Volatility

AAAMX vs. BCHYX - Volatility Comparison

American Century One Choice Blend+ 2020 Portfolio (AAAMX) has a higher volatility of 2.81% compared to American Century California High Yield Municipal Fund (BCHYX) at 1.24%. This indicates that AAAMX's price experiences larger fluctuations and is considered to be riskier than BCHYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


AAAMXBCHYXDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.81%

1.24%

+1.57%

Volatility (6M)

Calculated over the trailing 6-month period

4.14%

1.97%

+2.17%

Volatility (1Y)

Calculated over the trailing 1-year period

7.01%

5.98%

+1.03%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

7.65%

4.83%

+2.82%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

7.63%

4.79%

+2.84%