ACBPX vs. BULIX

Last updated Aug 1, 2026

ACBPX (American Century Diversified Bond Fund) and BULIX (American Century Utilities Fund) are both mutual funds - ACBPX is a Intermediate Core Bond fund managed by American Century, while BULIX is a Utilities Equities fund managed by American Century. Over the past 10 years, ACBPX returned 1.13%/yr vs 6.47%/yr for BULIX. Their 0.05 correlation means their historical movements had little consistent relationship. ACBPX charges 0.39%/yr vs 0.65%/yr for BULIX.

Performance

ACBPX vs. BULIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Century Diversified Bond Fund (ACBPX) and American Century Utilities Fund (BULIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ACBPX achieves a -0.72% return, which is significantly lower than BULIX's 6.99% return. Over the past 10 years, ACBPX has underperformed BULIX with an annualized return of 1.13%, while BULIX has yielded a comparatively higher 6.47% annualized return.

ACBPX

• 1D: 0.00%
• 1M: -1.31%
• 6M: -1.00%
• YTD: -0.72%
• 1Y: 1.95%
• 3Y*: 3.38%
• 5Y*: -0.89%
• 10Y*: 1.13%
• ALL TIME*: 2.47%

BULIX

• 1D: -0.61%
• 1M: -2.20%
• 6M: 4.60%
• YTD: 6.99%
• 1Y: 8.50%
• 3Y*: 14.59%
• 5Y*: 8.36%
• 10Y*: 6.47%
• ALL TIME*: 7.71%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ACBPX American Century Diversified Bond Fund	$0.00	$0.00	$0.00
BULIX American Century Utilities Fund	$0.00	$0.00	$0.00

ACBPX vs. BULIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ACBPX American Century Diversified Bond Fund	-0.72%	7.42%	0.80%	4.66%	-14.28%	-0.65%	8.26%	8.59%	-1.25%	3.49%
BULIX American Century Utilities Fund	6.99%	16.76%	24.32%	-7.51%	-4.37%	13.77%	-2.38%	19.94%	1.82%	0.59%

Correlation

The correlation between ACBPX and BULIX is 0.17, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.17
Correlation (3Y) Balances recent behavior with more history.	0.29
Correlation (5Y) Shows whether the relationship held over a longer period.	0.24
Correlation (10Y) Provides a long-term view across more market conditions.	0.16
Correlation (All Time) Calculated using the full available price history since Mar 18, 1993	0.05

The correlation between ACBPX and BULIX shifts across timeframes, from 0.05 (all time) to 0.29 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

ACBPX vs. BULIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

ACBPX

ACBPX Risk / Return Rank: 21
ACBPX Sharpe Ratio Rank: 23
ACBPX Sortino Ratio Rank: 22
ACBPX Omega Ratio Rank: 21
ACBPX Calmar Ratio Rank: 22
ACBPX Martin Ratio Rank: 19

BULIX

BULIX Risk / Return Rank: 18
BULIX Sharpe Ratio Rank: 17
BULIX Sortino Ratio Rank: 17
BULIX Omega Ratio Rank: 17
BULIX Calmar Ratio Rank: 23
BULIX Martin Ratio Rank: 17

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

ACBPX vs. BULIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Century Diversified Bond Fund (ACBPX) and American Century Utilities Fund (BULIX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	ACBPX	BULIX	Difference
Sharpe ratio: Return per unit of total volatility	0.85	0.65	+0.20
Sortino ratio: Return per unit of downside risk	1.28	0.97	+0.30
Omega ratio: Gain probability vs. loss probability	1.15	1.12	+0.03
Calmar ratio: Return relative to maximum drawdown	1.11	1.04	+0.07
Martin ratio: Return relative to average drawdown	2.76	2.30	+0.47

ACBPX vs. BULIX - Sharpe Ratio Comparison

The current ACBPX Sharpe Ratio is 0.85, which is higher than the BULIX Sharpe Ratio of 0.65. The chart below compares the historical Sharpe Ratios of ACBPX and BULIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ACBPX vs. BULIX - Drawdown Comparison

The maximum ACBPX drawdown since its inception was -18.99%, smaller than the maximum BULIX drawdown of -55.21%. Use the drawdown chart below to compare losses from any high point for ACBPX and BULIX.

Drawdown Indicators

	ACBPX	BULIX	Difference
Max Drawdown Largest peak-to-trough decline	-18.99%	-55.21%	+36.22%
Max Drawdown (1Y) Largest decline over 1 year	-2.93%	-8.93%	+6.00%
Max Drawdown (3Y) Largest decline over 3 years	-5.77%	-12.37%	+6.60%
Max Drawdown (5Y) Largest decline over 5 years	-18.99%	-24.56%	+5.57%
Max Drawdown (10Y) Largest decline over 10 years	-18.99%	-33.86%	+14.87%
Current Drawdown Current decline from peak	-4.58%	-5.08%	+0.50%
Average Drawdown Average peak-to-trough decline	-3.37%	-10.00%	+6.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.17%	4.04%	-2.87%

Volatility

ACBPX vs. BULIX - Volatility Comparison

The current volatility for American Century Diversified Bond Fund (ACBPX) is 0.90%, while American Century Utilities Fund (BULIX) has a volatility of 4.59%. This indicates that ACBPX experiences smaller price fluctuations and is considered to be less risky than BULIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ACBPX	BULIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.90%	4.59%	-3.69%
Volatility (6M) Calculated over the trailing 6-month period	3.03%	11.49%	-8.46%
Volatility (1Y) Calculated over the trailing 1-year period	3.83%	14.32%	-10.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.14%	16.76%	-10.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.04%	18.10%	-13.06%

ACBPX vs. BULIX - Expense Ratio Comparison

ACBPX has a 0.39% expense ratio, which is lower than BULIX's 0.65% expense ratio.

Dividends

ACBPX vs. BULIX - Dividend Comparison

ACBPX's dividend yield for the trailing twelve months is around 4.23%, less than BULIX's 10.58% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ACBPX American Century Diversified Bond Fund	4.23%	4.60%	3.89%	3.32%	2.07%	2.60%	4.57%	2.48%	2.83%	2.30%	2.63%	2.88%
BULIX American Century Utilities Fund	10.58%	11.60%	2.36%	2.65%	7.78%	7.50%	7.55%	2.97%	6.91%	7.70%	6.99%	5.87%

Frequently Asked Questions

Can I hold both ACBPX and BULIX in my portfolio?

ACBPX and BULIX have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ACBPX or BULIX?

BULIX has higher volatility (4.59%) compared to ACBPX (0.90%). In terms of maximum drawdown, ACBPX dropped -18.99% vs BULIX's -55.21%.

Which has better risk-adjusted returns?

ACBPX currently has the higher Sharpe Ratio (0.85 vs 0.65), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.