AGBVX vs. BCHYX
Compare and contrast key facts about American Century Global Bond Fund (AGBVX) and American Century California High Yield Municipal Fund (BCHYX).
AGBVX is managed by American Century. It was launched on Jan 30, 2012. BCHYX is managed by American Century. It was launched on Dec 29, 1986.
Performance
AGBVX vs. BCHYX - Performance Comparison
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AGBVX vs. BCHYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AGBVX American Century Global Bond Fund | -0.44% | 4.86% | 2.26% | 6.58% | -12.84% | -1.24% | 4.58% | 8.41% | -0.33% | 3.74% |
BCHYX American Century California High Yield Municipal Fund | -0.17% | 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, AGBVX achieves a -0.44% return, which is significantly lower than BCHYX's -0.17% return. Over the past 10 years, AGBVX has underperformed BCHYX with an annualized return of 1.46%, while BCHYX has yielded a comparatively higher 2.41% annualized return.
AGBVX
- 1D
- 0.35%
- 1M
- -1.80%
- YTD
- -0.44%
- 6M
- 0.34%
- 1Y
- 3.33%
- 3Y*
- 3.29%
- 5Y*
- -0.02%
- 10Y*
- 1.46%
BCHYX
- 1D
- 0.21%
- 1M
- -1.34%
- YTD
- -0.17%
- 6M
- 1.68%
- 1Y
- 3.71%
- 3Y*
- 3.79%
- 5Y*
- 0.70%
- 10Y*
- 2.41%
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AGBVX vs. BCHYX - Expense Ratio Comparison
AGBVX has a 0.80% expense ratio, which is higher than BCHYX's 0.49% expense ratio.
Return for Risk
AGBVX vs. BCHYX — Risk / Return Rank
AGBVX
BCHYX
AGBVX vs. BCHYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Century Global Bond Fund (AGBVX) 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.
| AGBVX | BCHYX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.15 | 0.63 | +0.52 |
Sortino ratioReturn per unit of downside risk | 1.61 | 0.89 | +0.72 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.17 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.36 | 0.72 | +0.64 |
Martin ratioReturn relative to average drawdown | 5.58 | 2.14 | +3.44 |
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
| AGBVX | BCHYX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.15 | 0.63 | +0.52 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.00 | 0.15 | -0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.40 | 0.50 | -0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 1.19 | -0.66 |
Correlation
The correlation between AGBVX and BCHYX is 0.52, 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
AGBVX vs. BCHYX - Dividend Comparison
AGBVX's dividend yield for the trailing twelve months is around 4.05%, less than BCHYX's 4.33% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AGBVX American Century Global Bond Fund | 4.05% | 4.68% | 2.71% | 1.88% | 7.39% | 2.15% | 0.90% | 1.72% | 6.01% | 1.91% | 1.43% | 0.44% |
BCHYX American Century California High Yield Municipal Fund | 4.33% | 4.58% | 4.41% | 3.67% | 2.55% | 2.57% | 3.07% | 3.50% | 3.52% | 3.50% | 3.59% | 3.67% |
Drawdowns
AGBVX vs. BCHYX - Drawdown Comparison
The maximum AGBVX drawdown since its inception was -16.32%, smaller than the maximum BCHYX drawdown of -18.35%. Use the drawdown chart below to compare losses from any high point for AGBVX and BCHYX.
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Drawdown Indicators
| AGBVX | BCHYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.32% | -18.35% | +2.03% |
Max Drawdown (1Y)Largest decline over 1 year | -2.71% | -5.76% | +3.05% |
Max Drawdown (5Y)Largest decline over 5 years | -16.32% | -18.35% | +2.03% |
Max Drawdown (10Y)Largest decline over 10 years | -16.32% | -18.35% | +2.03% |
Current DrawdownCurrent decline from peak | -2.25% | -2.15% | -0.10% |
Average DrawdownAverage peak-to-trough decline | -3.35% | -2.39% | -0.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.66% | 1.93% | -1.27% |
Volatility
AGBVX vs. BCHYX - Volatility Comparison
American Century Global Bond Fund (AGBVX) has a higher volatility of 1.38% compared to American Century California High Yield Municipal Fund (BCHYX) at 1.20%. This indicates that AGBVX'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
| AGBVX | BCHYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.38% | 1.20% | +0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 1.96% | 1.93% | +0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.13% | 5.97% | -2.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.36% | 4.83% | -0.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.69% | 4.79% | -1.10% |