ABHYX vs. ETGAX
Compare and contrast key facts about American Century High-Yield Municipal Fund (ABHYX) and Eaton Vance Georgia Municipal Income Fund (ETGAX).
ABHYX is managed by American Century Investments. It was launched on Mar 30, 1998. ETGAX is managed by Eaton Vance. It was launched on Dec 6, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ABHYX or ETGAX.
Key characteristics
| ABHYX | ETGAX | |
|---|---|---|
| YTD Return | 6.33% | 2.02% |
| 1Y Return | 11.32% | 6.97% |
| 3Y Return (Ann) | -0.70% | -0.21% |
| 5Y Return (Ann) | 1.86% | 1.15% |
| 10Y Return (Ann) | 3.57% | 2.18% |
| Sharpe Ratio | 2.45 | 1.86 |
| Daily Std Dev | 4.61% | 3.74% |
| Max Drawdown | -26.33% | -27.08% |
| Current Drawdown | -2.63% | -1.06% |
Correlation
The correlation between ABHYX and ETGAX is 0.71, 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.
Performance
ABHYX vs. ETGAX - Performance Comparison
In the year-to-date period, ABHYX achieves a 6.33% return, which is significantly higher than ETGAX's 2.02% return. Over the past 10 years, ABHYX has outperformed ETGAX with an annualized return of 3.57%, while ETGAX has yielded a comparatively lower 2.18% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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ABHYX vs. ETGAX - Expense Ratio Comparison
ABHYX has a 0.59% expense ratio, which is lower than ETGAX's 0.65% expense ratio.
Risk-Adjusted Performance
ABHYX vs. ETGAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Century High-Yield Municipal Fund (ABHYX) and Eaton Vance Georgia Municipal Income Fund (ETGAX). 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.
Dividends
ABHYX vs. ETGAX - Dividend Comparison
ABHYX's dividend yield for the trailing twelve months is around 4.14%, more than ETGAX's 2.93% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ABHYX American Century High-Yield Municipal Fund | 4.14% | 4.02% | 3.74% | 3.73% | 3.35% | 3.79% | 3.90% | 3.62% | 3.61% | 3.93% | 4.14% | 4.47% |
ETGAX Eaton Vance Georgia Municipal Income Fund | 2.93% | 2.68% | 2.01% | 1.57% | 2.04% | 2.50% | 2.90% | 2.95% | 3.07% | 3.32% | 3.85% | 3.92% |
Drawdowns
ABHYX vs. ETGAX - Drawdown Comparison
The maximum ABHYX drawdown since its inception was -26.33%, roughly equal to the maximum ETGAX drawdown of -27.08%. Use the drawdown chart below to compare losses from any high point for ABHYX and ETGAX. For additional features, visit the drawdowns tool.
Volatility
ABHYX vs. ETGAX - Volatility Comparison
American Century High-Yield Municipal Fund (ABHYX) and Eaton Vance Georgia Municipal Income Fund (ETGAX) have volatilities of 0.61% and 0.61%, 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.