ACHFX vs. BULIX

Last updated Jun 23, 2026

ACHFX (American Century High Income Fund Class G) and BULIX (American Century Utilities Fund) are both mutual funds - ACHFX is a High Yield Bonds fund actively managed by American Century, while BULIX is a Utilities Equities fund managed by American Century. Over the past 3 years, ACHFX returned 8.81%/yr vs 14.71%/yr for BULIX. At a 0.33 correlation, their price movements are largely independent.

Performance

ACHFX vs. BULIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Century High Income Fund Class G (ACHFX) 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, ACHFX achieves a 1.44% return, which is significantly lower than BULIX's 6.60% return.

ACHFX

• 1D: 0.00%
• 1M: 0.61%
• YTD: 1.44%
• 6M: 2.29%
• 1Y: 7.70%
• 3Y*: 8.81%
• 5Y*: —
• 10Y*: —

BULIX

• 1D: 0.73%
• 1M: -1.00%
• YTD: 6.60%
• 6M: 7.19%
• 1Y: 15.10%
• 3Y*: 14.71%
• 5Y*: 9.09%
• 10Y*: 6.89%

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

ACHFX vs. BULIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
ACHFX American Century High Income Fund Class G	1.44%	9.62%	8.18%	12.56%	-1.92%
BULIX American Century Utilities Fund	6.60%	16.76%	24.32%	-7.51%	0.99%

Correlation

The correlation between ACHFX and BULIX is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.21
Correlation (3Y) Calculated over the trailing 3-year period	0.32
Correlation (All Time) Calculated using the full available price history since May 23, 2022	0.33

The correlation between ACHFX and BULIX shifts across timeframes, from 0.21 (1 year) to 0.33 (all time), reflecting how their relationship changes across market environments.

Return for Risk

ACHFX vs. BULIX — Risk / Return Rank

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

ACHFX

ACHFX Risk / Return Rank: 81
ACHFX Sharpe Ratio Rank: 72
ACHFX Sortino Ratio Rank: 89
ACHFX Omega Ratio Rank: 85
ACHFX Calmar Ratio Rank: 72
ACHFX Martin Ratio Rank: 89

BULIX

BULIX Risk / Return Rank: 18
BULIX Sharpe Ratio Rank: 17
BULIX Sortino Ratio Rank: 16
BULIX Omega Ratio Rank: 16
BULIX Calmar Ratio Rank: 24
BULIX Martin Ratio Rank: 15

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.

ACHFX vs. BULIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Century High Income Fund Class G (ACHFX) 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.

	ACHFX	BULIX	Difference
Sharpe ratio: Return per unit of total volatility	2.27	1.10	+1.17
Sortino ratio: Return per unit of downside risk	3.97	1.54	+2.44
Omega ratio: Gain probability vs. loss probability	1.53	1.19	+0.33
Calmar ratio: Return relative to maximum drawdown	3.13	1.72	+1.41
Martin ratio: Return relative to average drawdown	15.86	3.95	+11.91

ACHFX vs. BULIX - Sharpe Ratio Comparison

The current ACHFX Sharpe Ratio is 2.27, which is higher than the BULIX Sharpe Ratio of 1.10. The chart below compares the historical Sharpe Ratios of ACHFX 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

ACHFX vs. BULIX - Drawdown Comparison

The maximum ACHFX drawdown since its inception was -9.27%, smaller than the maximum BULIX drawdown of -55.21%. Use the drawdown chart below to compare losses from any high point for ACHFX and BULIX.

Drawdown Indicators

	ACHFX	BULIX	Difference
Max Drawdown Largest peak-to-trough decline	-9.27%	-55.21%	+45.94%
Max Drawdown (1Y) Largest decline over 1 year	-2.51%	-8.93%	+6.42%
Max Drawdown (3Y) Largest decline over 3 years	-3.89%	-16.54%	+12.65%
Max Drawdown (5Y) Largest decline over 5 years	—	-24.56%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.86%	—
Current Drawdown Current decline from peak	-0.23%	-5.42%	+5.19%
Average Drawdown Average peak-to-trough decline	-1.41%	-10.02%	+8.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.49%	3.88%	-3.39%

Volatility

ACHFX vs. BULIX - Volatility Comparison

The current volatility for American Century High Income Fund Class G (ACHFX) is 0.99%, while American Century Utilities Fund (BULIX) has a volatility of 5.08%. This indicates that ACHFX 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

	ACHFX	BULIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.99%	5.08%	-4.09%
Volatility (6M) Calculated over the trailing 6-month period	2.67%	11.16%	-8.49%
Volatility (1Y) Calculated over the trailing 1-year period	3.46%	13.97%	-10.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.47%	16.71%	-11.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.47%	18.06%	-12.59%

Dividends

ACHFX vs. BULIX - Dividend Comparison

ACHFX's dividend yield for the trailing twelve months is around 7.34%, less than BULIX's 11.16% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ACHFX American Century High Income Fund Class G	7.34%	7.25%	7.24%	5.24%	2.57%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
BULIX American Century Utilities Fund	11.16%	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 ACHFX and BULIX in my portfolio?

ACHFX and BULIX have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ACHFX or BULIX?

BULIX has higher volatility (5.08%) compared to ACHFX (0.99%). In terms of maximum drawdown, ACHFX dropped -9.27% vs BULIX's -55.21%.

Which has better risk-adjusted returns?

ACHFX currently has the higher Sharpe Ratio (2.27 vs 1.10), 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.