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 0.54, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
ABHYX vs. MUNI - Performance Comparison
Key characteristics
ABHYX:
1.22
MUNI:
0.64
ABHYX:
1.66
MUNI:
0.91
ABHYX:
1.27
MUNI:
1.12
ABHYX:
0.51
MUNI:
0.85
ABHYX:
5.74
MUNI:
2.72
ABHYX:
0.87%
MUNI:
0.76%
ABHYX:
4.09%
MUNI:
3.21%
ABHYX:
-26.33%
MUNI:
-11.15%
ABHYX:
-4.83%
MUNI:
-1.67%
Returns By Period
In the year-to-date period, ABHYX achieves a 4.76% return, which is significantly higher than MUNI's 1.30% return. Over the past 10 years, ABHYX has outperformed MUNI with an annualized return of 3.09%, while MUNI has yielded a comparatively lower 2.18% annualized return.
ABHYX
4.76%
-1.34%
1.28%
5.00%
1.15%
3.09%
MUNI
1.30%
-0.25%
0.93%
2.10%
1.29%
2.18%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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 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 3.86%, less than MUNI's 4.07% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ABHYX American Century High-Yield Municipal Fund | 3.86% | 4.01% | 3.74% | 2.93% | 3.36% | 3.50% | 3.89% | 3.63% | 3.61% | 3.93% | 4.14% | 4.47% |
MUNI PIMCO Intermediate Municipal Bond Active ETF | 4.07% | 3.63% | 2.13% | 1.62% | 1.92% | 2.44% | 2.57% | 2.37% | 2.37% | 2.20% | 1.91% | 2.30% |
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 1.43% compared to PIMCO Intermediate Municipal Bond Active ETF (MUNI) at 1.05%. 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.