ABHYX vs. WTCOX
Compare and contrast key facts about American Century High-Yield Municipal Fund (ABHYX) and Segall Bryant & Hamill Colorado Tax Free Fund (WTCOX).
ABHYX is managed by American Century Investments. It was launched on Mar 30, 1998. WTCOX is managed by Segall Bryant & Hamill. It was launched on May 30, 1991.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ABHYX or WTCOX.
Key characteristics
| ABHYX | WTCOX | |
|---|---|---|
| YTD Return | 6.33% | 2.77% |
| 1Y Return | 11.32% | 7.28% |
| 3Y Return (Ann) | -0.70% | -1.12% |
| 5Y Return (Ann) | 1.86% | 0.84% |
| 10Y Return (Ann) | 3.57% | 1.99% |
| Sharpe Ratio | 2.45 | 2.60 |
| Daily Std Dev | 4.61% | 2.81% |
| Max Drawdown | -26.33% | -13.61% |
| Current Drawdown | -2.63% | -3.72% |
Correlation
The correlation between ABHYX and WTCOX is 0.70, 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. WTCOX - Performance Comparison
In the year-to-date period, ABHYX achieves a 6.33% return, which is significantly higher than WTCOX's 2.77% return. Over the past 10 years, ABHYX has outperformed WTCOX with an annualized return of 3.57%, while WTCOX has yielded a comparatively lower 1.99% 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. WTCOX - Expense Ratio Comparison
ABHYX has a 0.59% expense ratio, which is lower than WTCOX's 0.65% expense ratio.
Risk-Adjusted Performance
ABHYX vs. WTCOX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Century High-Yield Municipal Fund (ABHYX) and Segall Bryant & Hamill Colorado Tax Free Fund (WTCOX). 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. WTCOX - Dividend Comparison
ABHYX's dividend yield for the trailing twelve months is around 4.14%, more than WTCOX's 3.30% 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% |
WTCOX Segall Bryant & Hamill Colorado Tax Free Fund | 3.30% | 3.12% | 2.91% | 2.20% | 2.71% | 3.00% | 3.06% | 2.80% | 2.75% | 2.71% | 2.84% | 3.15% |
Drawdowns
ABHYX vs. WTCOX - Drawdown Comparison
The maximum ABHYX drawdown since its inception was -26.33%, which is greater than WTCOX's maximum drawdown of -13.61%. Use the drawdown chart below to compare losses from any high point for ABHYX and WTCOX. For additional features, visit the drawdowns tool.
Volatility
ABHYX vs. WTCOX - Volatility Comparison
American Century High-Yield Municipal Fund (ABHYX) has a higher volatility of 0.61% compared to Segall Bryant & Hamill Colorado Tax Free Fund (WTCOX) at 0.45%. This indicates that ABHYX's price experiences larger fluctuations and is considered to be riskier than WTCOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.