ABHYX vs. MUNI
Compare and contrast key facts about American Century High-Yield Municipal Fund (ABHYX) and PIMCO Intermediate Municipal Bond Active ETF (MUNI).
ABHYX is managed by American Century Investments. It was launched on Mar 30, 1998. MUNI is an actively managed fund by PIMCO. It was launched on Nov 30, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ABHYX or MUNI.
Correlation
The correlation between ABHYX and MUNI is -0.09. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
ABHYX vs. MUNI - Performance Comparison
Key characteristics
ABHYX:
0.33
MUNI:
0.38
ABHYX:
0.46
MUNI:
0.53
ABHYX:
1.08
MUNI:
1.08
ABHYX:
0.24
MUNI:
0.45
ABHYX:
1.26
MUNI:
1.46
ABHYX:
1.69%
MUNI:
1.13%
ABHYX:
6.58%
MUNI:
4.41%
ABHYX:
-26.33%
MUNI:
-11.15%
ABHYX:
-6.54%
MUNI:
-2.41%
Returns By Period
In the year-to-date period, ABHYX achieves a -2.72% return, which is significantly lower than MUNI's -0.63% return. Over the past 10 years, ABHYX has outperformed MUNI with an annualized return of 2.72%, while MUNI has yielded a comparatively lower 2.04% annualized return.
ABHYX
-2.72%
-1.85%
-2.43%
2.49%
2.62%
2.72%
MUNI
-0.63%
-0.62%
-0.46%
1.91%
1.49%
2.04%
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ABHYX vs. MUNI - Expense Ratio Comparison
ABHYX has a 0.59% expense ratio, which is higher than MUNI's 0.35% expense ratio.
Risk-Adjusted Performance
ABHYX vs. MUNI — Risk-Adjusted Performance Rank
ABHYX
MUNI
ABHYX vs. MUNI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Century High-Yield Municipal Fund (ABHYX) and PIMCO Intermediate Municipal Bond Active ETF (MUNI). 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. MUNI - Dividend Comparison
ABHYX's dividend yield for the trailing twelve months is around 4.36%, more than MUNI's 3.48% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ABHYX American Century High-Yield Municipal Fund | 4.36% | 4.21% | 4.01% | 3.74% | 2.93% | 3.36% | 3.50% | 3.89% | 3.63% | 3.61% | 3.93% | 4.14% |
MUNI PIMCO Intermediate Municipal Bond Active ETF | 3.48% | 3.50% | 3.63% | 2.13% | 1.62% | 1.92% | 2.44% | 2.57% | 2.37% | 2.37% | 2.20% | 1.91% |
Drawdowns
ABHYX vs. MUNI - Drawdown Comparison
The maximum ABHYX drawdown since its inception was -26.33%, which is greater than MUNI's maximum drawdown of -11.15%. Use the drawdown chart below to compare losses from any high point for ABHYX and MUNI. For additional features, visit the drawdowns tool.
Volatility
ABHYX vs. MUNI - Volatility Comparison
American Century High-Yield Municipal Fund (ABHYX) has a higher volatility of 5.25% compared to PIMCO Intermediate Municipal Bond Active ETF (MUNI) at 3.23%. This indicates that ABHYX's price experiences larger fluctuations and is considered to be riskier than MUNI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.