AEDVX vs. BCHYX
Compare and contrast key facts about American Century Emerging Markets Debt Fund (AEDVX) and American Century California High Yield Municipal Fund (BCHYX).
AEDVX is managed by American Century. It was launched on Jul 28, 2014. BCHYX is managed by American Century. It was launched on Dec 29, 1986.
Performance
AEDVX vs. BCHYX - Performance Comparison
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AEDVX vs. BCHYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AEDVX American Century Emerging Markets Debt Fund | -1.10% | 14.92% | 1.60% | 9.12% | -12.57% | -1.82% | 6.55% | 12.40% | -2.73% | 7.13% |
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, AEDVX achieves a -1.10% return, which is significantly lower than BCHYX's -0.38% return. Over the past 10 years, AEDVX has outperformed BCHYX with an annualized return of 3.55%, while BCHYX has yielded a comparatively lower 2.39% annualized return.
AEDVX
- 1D
- 0.22%
- 1M
- -3.16%
- YTD
- -1.10%
- 6M
- 1.50%
- 1Y
- 10.28%
- 3Y*
- 7.09%
- 5Y*
- 1.94%
- 10Y*
- 3.55%
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%
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AEDVX vs. BCHYX - Expense Ratio Comparison
AEDVX has a 0.98% expense ratio, which is higher than BCHYX's 0.49% expense ratio.
Return for Risk
AEDVX vs. BCHYX — Risk / Return Rank
AEDVX
BCHYX
AEDVX vs. BCHYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Century Emerging Markets Debt Fund (AEDVX) 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.
| AEDVX | BCHYX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.33 | 0.66 | +1.67 |
Sortino ratioReturn per unit of downside risk | 3.44 | 0.93 | +2.50 |
Omega ratioGain probability vs. loss probability | 1.46 | 1.18 | +0.28 |
Calmar ratioReturn relative to maximum drawdown | 2.69 | 0.78 | +1.91 |
Martin ratioReturn relative to average drawdown | 11.48 | 2.32 | +9.16 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AEDVX | BCHYX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.33 | 0.66 | +1.67 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.39 | 0.14 | +0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.80 | 0.50 | +0.30 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.86 | 1.19 | -0.33 |
Correlation
The correlation between AEDVX and BCHYX is 0.39, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
AEDVX vs. BCHYX - Dividend Comparison
AEDVX's dividend yield for the trailing twelve months is around 6.33%, more than BCHYX's 4.34% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AEDVX American Century Emerging Markets Debt Fund | 6.33% | 5.41% | 4.99% | 5.47% | 3.30% | 3.57% | 3.42% | 3.99% | 3.65% | 3.64% | 4.28% | 3.47% |
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
AEDVX vs. BCHYX - Drawdown Comparison
The maximum AEDVX drawdown since its inception was -21.46%, which is greater than BCHYX's maximum drawdown of -18.35%. Use the drawdown chart below to compare losses from any high point for AEDVX and BCHYX.
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Drawdown Indicators
| AEDVX | BCHYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.46% | -18.35% | -3.11% |
Max Drawdown (1Y)Largest decline over 1 year | -3.96% | -5.76% | +1.80% |
Max Drawdown (5Y)Largest decline over 5 years | -21.46% | -18.35% | -3.11% |
Max Drawdown (10Y)Largest decline over 10 years | -21.46% | -18.35% | -3.11% |
Current DrawdownCurrent decline from peak | -3.76% | -2.35% | -1.41% |
Average DrawdownAverage peak-to-trough decline | -3.88% | -2.39% | -1.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.93% | 1.93% | -1.00% |
Volatility
AEDVX vs. BCHYX - Volatility Comparison
American Century Emerging Markets Debt Fund (AEDVX) has a higher volatility of 1.67% compared to American Century California High Yield Municipal Fund (BCHYX) at 1.24%. This indicates that AEDVX's price experiences larger fluctuations and is considered to be riskier 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
| AEDVX | BCHYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.67% | 1.24% | +0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 2.77% | 1.97% | +0.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.54% | 5.98% | -1.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.97% | 4.83% | +0.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.47% | 4.79% | -0.32% |