ACCNX vs. BCHYX
ACCNX (American Century Core Plus Fund) and BCHYX (American Century California High Yield Municipal Fund) are both mutual funds - ACCNX is a Intermediate Core-Plus Bond fund managed by American Century, while BCHYX is a Municipal Bonds fund managed by American Century. Over the past 10 years, ACCNX returned 1.43%/yr vs 2.15%/yr for BCHYX. Their 0.53 correlation means they have sometimes moved together and sometimes differently. ACCNX charges 0.54%/yr vs 0.49%/yr for BCHYX.
Performance
ACCNX vs. BCHYX - Performance Comparison
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Returns By Period
In the year-to-date period, ACCNX achieves a -0.49% return, which is significantly lower than BCHYX's 0.86% return. Over the past 10 years, ACCNX has underperformed BCHYX with an annualized return of 1.43%, while BCHYX has yielded a comparatively higher 2.15% annualized return.
ACCNX
- 1D
- 0.00%
- 1M
- -1.31%
- 6M
- -0.88%
- YTD
- -0.49%
- 1Y
- 2.32%
- 3Y*
- 4.23%
- 5Y*
- -0.69%
- 10Y*
- 1.43%
- ALL TIME*
- 3.26%
BCHYX
- 1D
- -0.31%
- 1M
- -2.05%
- 6M
- 0.32%
- YTD
- 0.86%
- 1Y
- 6.54%
- 3Y*
- 4.00%
- 5Y*
- 0.18%
- 10Y*
- 2.15%
- ALL TIME*
- 4.72%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
ACCNX vs. BCHYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ACCNX American Century Core Plus Fund | -0.49% | 7.45% | 2.00% | 5.64% | -15.80% | 0.34% | 8.00% | 9.05% | -1.37% | 4.59% |
BCHYX American Century California High Yield Municipal Fund | 0.86% | 3.48% | 4.07% | 6.69% | -12.77% | 3.82% | 3.95% | 9.92% | 0.65% | 8.50% |
Correlation
The correlation between ACCNX and BCHYX is 0.66, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.66 |
Correlation (3Y) Balances recent behavior with more history. | 0.68 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.62 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.57 |
Correlation (All Time) Calculated using the full available price history since Dec 1, 2006 | 0.53 |
The correlation between ACCNX and BCHYX shifts across timeframes, from 0.53 (all time) to 0.68 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
ACCNX vs. BCHYX — Risk / Return Rank
ACCNX
BCHYX
ACCNX vs. BCHYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Century Core Plus Fund (ACCNX) and American Century California High Yield Municipal Fund (BCHYX). 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.
| ACCNX | BCHYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.37 | ||
| Sortino ratioReturn per unit of downside risk | -2.23 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.54 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | 1.14 | 2.57 | -1.43 |
| Martin ratioReturn relative to average drawdown | 3.22 | 9.21 | -5.99 |
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Drawdowns
ACCNX vs. BCHYX - Drawdown Comparison
The maximum ACCNX drawdown since its inception was -20.34%, which is greater than BCHYX's maximum drawdown of -18.35%. Use the drawdown chart below to compare losses from any high point for ACCNX and BCHYX.
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Drawdown Indicators
| ACCNX | BCHYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.34% | -18.35% | -1.99% |
Max Drawdown (1Y)Largest decline over 1 year | -3.09% | -2.97% | -0.12% |
Max Drawdown (3Y)Largest decline over 3 years | -5.87% | -6.75% | +0.88% |
Max Drawdown (5Y)Largest decline over 5 years | -20.34% | -18.35% | -1.99% |
Max Drawdown (10Y)Largest decline over 10 years | -20.34% | -18.35% | -1.99% |
Current DrawdownCurrent decline from peak | -3.75% | -2.05% | -1.70% |
Average DrawdownAverage peak-to-trough decline | -3.18% | -2.37% | -0.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.09% | 0.83% | +0.26% |
Volatility
ACCNX vs. BCHYX - Volatility Comparison
The current volatility for American Century Core Plus Fund (ACCNX) is 0.97%, while American Century California High Yield Municipal Fund (BCHYX) has a volatility of 1.09%. This indicates that ACCNX experiences smaller price fluctuations and is considered to be less risky than BCHYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ACCNX | BCHYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.97% | 1.09% | -0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 3.09% | 2.58% | +0.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.81% | 3.33% | +0.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.16% | 4.90% | +1.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.03% | 4.82% | +0.21% |
ACCNX vs. BCHYX - Expense Ratio Comparison
ACCNX has a 0.54% expense ratio, which is higher than BCHYX's 0.49% expense ratio.
Dividends
ACCNX vs. BCHYX - Dividend Comparison
ACCNX's dividend yield for the trailing twelve months is around 4.37%, more than BCHYX's 3.70% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ACCNX American Century Core Plus Fund | 4.37% | 4.74% | 4.84% | 4.21% | 2.29% | 3.18% | 2.03% | 2.75% | 3.88% | 2.99% | 2.79% | 2.93% |
BCHYX American Century California High Yield Municipal Fund | 3.70% | 4.58% | 4.41% | 3.67% | 2.55% | 2.57% | 3.07% | 3.50% | 3.52% | 3.50% | 3.59% | 3.67% |
Frequently Asked Questions
ACCNX and BCHYX have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BCHYX has higher volatility (1.09%) compared to ACCNX (0.97%). In terms of maximum drawdown, ACCNX dropped -20.34% vs BCHYX's -18.35%.
BCHYX currently has the higher Sharpe Ratio (2.29 vs 0.93), 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.
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