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ABHYX vs. TWCIX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

Performance

ABHYX vs. TWCIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Century High-Yield Municipal Fund (ABHYX) and American Century Select Fund (TWCIX). The values are adjusted to include any dividend payments, if applicable.

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ABHYX vs. TWCIX - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
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%
TWCIX
American Century Select Fund
-8.73%16.30%26.15%39.93%-28.82%25.47%33.99%36.30%-3.54%28.90%

Returns By Period

In the year-to-date period, ABHYX achieves a -0.31% return, which is significantly higher than TWCIX's -8.73% return. Over the past 10 years, ABHYX has underperformed TWCIX with an annualized return of 2.85%, while TWCIX has yielded a comparatively higher 14.92% 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%

TWCIX

1D
4.05%
1M
-5.48%
YTD
-8.73%
6M
-7.36%
1Y
17.10%
3Y*
17.46%
5Y*
10.31%
10Y*
14.92%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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ABHYX vs. TWCIX - Expense Ratio Comparison

ABHYX has a 0.59% expense ratio, which is lower than TWCIX's 0.94% expense ratio.


Return for Risk

ABHYX vs. TWCIX — Risk / Return Rank

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

ABHYX
ABHYX Risk / Return Rank: 2121
Overall Rank
ABHYX Sharpe Ratio Rank: 2020
Sharpe Ratio Rank
ABHYX Sortino Ratio Rank: 1616
Sortino Ratio Rank
ABHYX Omega Ratio Rank: 3030
Omega Ratio Rank
ABHYX Calmar Ratio Rank: 2121
Calmar Ratio Rank
ABHYX Martin Ratio Rank: 1717
Martin Ratio Rank

TWCIX
TWCIX Risk / Return Rank: 4040
Overall Rank
TWCIX Sharpe Ratio Rank: 3333
Sharpe Ratio Rank
TWCIX Sortino Ratio Rank: 3939
Sortino Ratio Rank
TWCIX Omega Ratio Rank: 3737
Omega Ratio Rank
TWCIX Calmar Ratio Rank: 4848
Calmar Ratio Rank
TWCIX Martin Ratio Rank: 4242
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.

ABHYX vs. TWCIX - 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 Select Fund (TWCIX). 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.


ABHYXTWCIXDifference

Sharpe ratio

Return per unit of total volatility

0.60

0.79

-0.20

Sortino ratio

Return per unit of downside risk

0.83

1.30

-0.47

Omega ratio

Gain probability vs. loss probability

1.17

1.18

-0.01

Calmar ratio

Return relative to maximum drawdown

0.72

1.25

-0.53

Martin ratio

Return relative to average drawdown

2.19

4.50

-2.30

ABHYX vs. TWCIX - Sharpe Ratio Comparison

The current ABHYX Sharpe Ratio is 0.60, which is comparable to the TWCIX Sharpe Ratio of 0.79. The chart below compares the historical Sharpe Ratios of ABHYX and TWCIX, 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


ABHYXTWCIXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.60

0.79

-0.20

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.18

0.48

-0.30

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.58

0.71

-0.14

Sharpe Ratio (All Time)

Calculated using the full available price history

1.03

0.58

+0.45

Correlation

The correlation between ABHYX and TWCIX is -0.06. 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.


Dividends

ABHYX vs. TWCIX - Dividend Comparison

ABHYX's dividend yield for the trailing twelve months is around 4.82%, less than TWCIX's 11.00% yield.


TTM20252024202320222021202020192018201720162015
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%
TWCIX
American Century Select Fund
11.00%10.04%3.67%5.21%10.36%8.25%6.26%5.42%9.05%6.30%3.43%6.16%

Drawdowns

ABHYX vs. TWCIX - Drawdown Comparison

The maximum ABHYX drawdown since its inception was -26.34%, smaller than the maximum TWCIX drawdown of -57.31%. Use the drawdown chart below to compare losses from any high point for ABHYX and TWCIX.


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Drawdown Indicators


ABHYXTWCIXDifference

Max Drawdown

Largest peak-to-trough decline

-26.34%

-57.31%

+30.97%

Max Drawdown (1Y)

Largest decline over 1 year

-6.09%

-14.66%

+8.57%

Max Drawdown (5Y)

Largest decline over 5 years

-18.54%

-31.24%

+12.70%

Max Drawdown (10Y)

Largest decline over 10 years

-18.54%

-31.24%

+12.70%

Current Drawdown

Current decline from peak

-2.59%

-11.20%

+8.61%

Average Drawdown

Average peak-to-trough decline

-3.12%

-12.42%

+9.30%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.99%

4.07%

-2.08%

Volatility

ABHYX vs. TWCIX - Volatility Comparison

The current volatility for American Century High-Yield Municipal Fund (ABHYX) is 1.33%, while American Century Select Fund (TWCIX) has a volatility of 7.21%. This indicates that ABHYX experiences smaller price fluctuations and is considered to be less risky than TWCIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


ABHYXTWCIXDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.33%

7.21%

-5.88%

Volatility (6M)

Calculated over the trailing 6-month period

2.09%

12.80%

-10.71%

Volatility (1Y)

Calculated over the trailing 1-year period

6.17%

23.01%

-16.84%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

4.90%

21.49%

-16.59%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

4.96%

20.98%

-16.02%