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ACSNX vs. BCHYX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

Performance

ACSNX vs. BCHYX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Century Short Duration Fund (ACSNX) and American Century California High Yield Municipal Fund (BCHYX). The values are adjusted to include any dividend payments, if applicable.

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ACSNX vs. BCHYX - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
ACSNX
American Century Short Duration Fund
-0.10%5.65%4.69%4.72%-4.68%0.97%4.03%3.95%1.35%1.42%
BCHYX
American Century California High Yield Municipal Fund
-0.38%3.48%4.07%6.69%-12.77%3.82%3.95%9.92%0.65%8.50%

Returns By Period

In the year-to-date period, ACSNX achieves a -0.10% return, which is significantly higher than BCHYX's -0.38% return. Over the past 10 years, ACSNX has underperformed BCHYX with an annualized return of 2.27%, while BCHYX has yielded a comparatively higher 2.39% annualized return.


ACSNX

1D
0.10%
1M
-0.71%
YTD
-0.10%
6M
0.99%
1Y
3.98%
3Y*
4.44%
5Y*
2.09%
10Y*
2.27%

BCHYX

1D
0.42%
1M
-2.05%
YTD
-0.38%
6M
1.36%
1Y
3.49%
3Y*
3.71%
5Y*
0.66%
10Y*
2.39%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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ACSNX vs. BCHYX - Expense Ratio Comparison

ACSNX has a 0.57% expense ratio, which is higher than BCHYX's 0.49% expense ratio.


Return for Risk

ACSNX vs. BCHYX — Risk / Return Rank

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

ACSNX
ACSNX Risk / Return Rank: 9595
Overall Rank
ACSNX Sharpe Ratio Rank: 9393
Sharpe Ratio Rank
ACSNX Sortino Ratio Rank: 9797
Sortino Ratio Rank
ACSNX Omega Ratio Rank: 9595
Omega Ratio Rank
ACSNX Calmar Ratio Rank: 9696
Calmar Ratio Rank
ACSNX Martin Ratio Rank: 9696
Martin Ratio Rank

BCHYX
BCHYX Risk / Return Rank: 2525
Overall Rank
BCHYX Sharpe Ratio Rank: 2424
Sharpe Ratio Rank
BCHYX Sortino Ratio Rank: 2121
Sortino Ratio Rank
BCHYX Omega Ratio Rank: 3636
Omega Ratio Rank
BCHYX Calmar Ratio Rank: 2525
Calmar Ratio Rank
BCHYX Martin Ratio Rank: 2020
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.

ACSNX vs. BCHYX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Century Short Duration Fund (ACSNX) 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.


ACSNXBCHYXDifference

Sharpe ratio

Return per unit of total volatility

2.12

0.66

+1.46

Sortino ratio

Return per unit of downside risk

3.71

0.93

+2.78

Omega ratio

Gain probability vs. loss probability

1.55

1.18

+0.37

Calmar ratio

Return relative to maximum drawdown

3.71

0.78

+2.93

Martin ratio

Return relative to average drawdown

14.66

2.32

+12.34

ACSNX vs. BCHYX - Sharpe Ratio Comparison

The current ACSNX Sharpe Ratio is 2.12, which is higher than the BCHYX Sharpe Ratio of 0.66. The chart below compares the historical Sharpe Ratios of ACSNX and BCHYX, 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


ACSNXBCHYXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.12

0.66

+1.46

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.97

0.14

+0.83

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

1.20

0.50

+0.70

Sharpe Ratio (All Time)

Calculated using the full available price history

1.37

1.19

+0.18

Correlation

The correlation between ACSNX and BCHYX is 0.41, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.


Dividends

ACSNX vs. BCHYX - Dividend Comparison

ACSNX's dividend yield for the trailing twelve months is around 4.13%, less than BCHYX's 4.34% yield.


TTM20252024202320222021202020192018201720162015
ACSNX
American Century Short Duration Fund
4.13%4.55%4.56%3.96%1.60%1.74%1.51%2.59%2.53%1.91%1.62%1.73%
BCHYX
American Century California High Yield Municipal Fund
4.34%4.58%4.41%3.67%2.55%2.57%3.07%3.50%3.52%3.50%3.59%3.67%

Drawdowns

ACSNX vs. BCHYX - Drawdown Comparison

The maximum ACSNX drawdown since its inception was -6.50%, smaller than the maximum BCHYX drawdown of -18.35%. Use the drawdown chart below to compare losses from any high point for ACSNX and BCHYX.


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Drawdown Indicators


ACSNXBCHYXDifference

Max Drawdown

Largest peak-to-trough decline

-6.50%

-18.35%

+11.85%

Max Drawdown (1Y)

Largest decline over 1 year

-1.21%

-5.76%

+4.55%

Max Drawdown (5Y)

Largest decline over 5 years

-6.50%

-18.35%

+11.85%

Max Drawdown (10Y)

Largest decline over 10 years

-6.50%

-18.35%

+11.85%

Current Drawdown

Current decline from peak

-0.91%

-2.35%

+1.44%

Average Drawdown

Average peak-to-trough decline

-0.59%

-2.39%

+1.80%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.31%

1.93%

-1.62%

Volatility

ACSNX vs. BCHYX - Volatility Comparison

The current volatility for American Century Short Duration Fund (ACSNX) is 0.60%, while American Century California High Yield Municipal Fund (BCHYX) has a volatility of 1.24%. This indicates that ACSNX 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


ACSNXBCHYXDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.60%

1.24%

-0.64%

Volatility (6M)

Calculated over the trailing 6-month period

1.22%

1.97%

-0.75%

Volatility (1Y)

Calculated over the trailing 1-year period

1.97%

5.98%

-4.01%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

2.17%

4.83%

-2.66%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

1.89%

4.79%

-2.90%