ABHYX vs. BCHYX
Compare and contrast key facts about American Century High-Yield Municipal Fund (ABHYX) and American Century California High Yield Municipal Fund (BCHYX).
ABHYX is managed by American Century. It was launched on Mar 30, 1998. BCHYX is managed by American Century. It was launched on Dec 29, 1986.
Performance
ABHYX vs. BCHYX - Performance Comparison
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ABHYX vs. BCHYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ABHYX American Century High-Yield Municipal Fund | -0.31% | 3.77% | 6.16% | 5.90% | -13.90% | 5.61% | 4.68% | 9.72% | 1.48% | 9.27% |
BCHYX American Century California High Yield Municipal Fund | -0.38% | 3.48% | 4.07% | 6.69% | -12.77% | 3.82% | 3.95% | 9.92% | 0.65% | 8.50% |
Returns By Period
In the year-to-date period, ABHYX achieves a -0.31% return, which is significantly higher than BCHYX's -0.38% return. Over the past 10 years, ABHYX has outperformed BCHYX with an annualized return of 2.85%, while BCHYX has yielded a comparatively lower 2.39% annualized return.
ABHYX
- 1D
- 0.35%
- 1M
- -2.26%
- YTD
- -0.31%
- 6M
- 1.15%
- 1Y
- 3.29%
- 3Y*
- 4.41%
- 5Y*
- 0.88%
- 10Y*
- 2.85%
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%
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ABHYX vs. BCHYX - Expense Ratio Comparison
ABHYX has a 0.59% expense ratio, which is higher than BCHYX's 0.49% expense ratio.
Return for Risk
ABHYX vs. BCHYX — Risk / Return Rank
ABHYX
BCHYX
ABHYX vs. BCHYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Century High-Yield Municipal Fund (ABHYX) 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.
| ABHYX | BCHYX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.60 | 0.66 | -0.06 |
Sortino ratioReturn per unit of downside risk | 0.83 | 0.93 | -0.11 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.18 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 0.72 | 0.78 | -0.06 |
Martin ratioReturn relative to average drawdown | 2.19 | 2.32 | -0.13 |
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
| ABHYX | BCHYX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.60 | 0.66 | -0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.18 | 0.14 | +0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | 0.50 | +0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.03 | 1.19 | -0.16 |
Correlation
The correlation between ABHYX and BCHYX is 0.84, 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
ABHYX vs. BCHYX - Dividend Comparison
ABHYX's dividend yield for the trailing twelve months is around 4.82%, more than BCHYX's 4.34% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ABHYX American Century High-Yield Municipal Fund | 4.82% | 5.11% | 4.96% | 4.02% | 2.77% | 3.50% | 3.35% | 4.08% | 3.90% | 3.61% | 3.61% | 3.91% |
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
ABHYX vs. BCHYX - Drawdown Comparison
The maximum ABHYX drawdown since its inception was -26.34%, which is greater than BCHYX's maximum drawdown of -18.35%. Use the drawdown chart below to compare losses from any high point for ABHYX and BCHYX.
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Drawdown Indicators
| ABHYX | BCHYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.34% | -18.35% | -7.99% |
Max Drawdown (1Y)Largest decline over 1 year | -6.09% | -5.76% | -0.33% |
Max Drawdown (5Y)Largest decline over 5 years | -18.54% | -18.35% | -0.19% |
Max Drawdown (10Y)Largest decline over 10 years | -18.54% | -18.35% | -0.19% |
Current DrawdownCurrent decline from peak | -2.59% | -2.35% | -0.24% |
Average DrawdownAverage peak-to-trough decline | -3.12% | -2.39% | -0.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.99% | 1.93% | +0.06% |
Volatility
ABHYX vs. BCHYX - Volatility Comparison
American Century High-Yield Municipal Fund (ABHYX) has a higher volatility of 1.33% compared to American Century California High Yield Municipal Fund (BCHYX) at 1.24%. This indicates that ABHYX'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
| ABHYX | BCHYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.33% | 1.24% | +0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 2.09% | 1.97% | +0.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.17% | 5.98% | +0.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.90% | 4.83% | +0.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.96% | 4.79% | +0.17% |