BCHYX vs. AMDVX
BCHYX (American Century California High Yield Municipal Fund) and AMDVX (American Century Mid Cap Value R6) are both mutual funds - BCHYX is a Municipal Bonds fund managed by American Century, while AMDVX is a Mid Cap Value Equities fund managed by American Century. Over the past 10 years, BCHYX returned 2.15%/yr vs 9.86%/yr for AMDVX. Their -0.06 correlation means they have often moved in opposite directions in the past. BCHYX charges 0.49%/yr vs 0.63%/yr for AMDVX.
Performance
BCHYX vs. AMDVX - Performance Comparison
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Returns By Period
In the year-to-date period, BCHYX achieves a 0.86% return, which is significantly lower than AMDVX's 15.80% return. Over the past 10 years, BCHYX has underperformed AMDVX with an annualized return of 2.15%, while AMDVX has yielded a comparatively higher 9.86% annualized return.
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%
AMDVX
- 1D
- -0.70%
- 1M
- 2.35%
- 6M
- 11.07%
- YTD
- 15.80%
- 1Y
- 21.70%
- 3Y*
- 11.69%
- 5Y*
- 9.16%
- 10Y*
- 9.86%
- ALL TIME*
- 10.14%
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 |
BCHYX vs. AMDVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
AMDVX American Century Mid Cap Value R6 | 15.80% | 9.21% | 8.87% | 6.54% | -0.35% | 23.83% | 1.99% | 29.32% | -12.18% | 11.95% |
Correlation
The correlation between BCHYX and AMDVX is 0.20, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.20 |
Correlation (3Y) Balances recent behavior with more history. | 0.17 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.10 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.01 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2014 | -0.06 |
The correlation between BCHYX and AMDVX shifts across timeframes, from -0.06 (all time) to 0.20 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
BCHYX vs. AMDVX — Risk / Return Rank
BCHYX
AMDVX
BCHYX vs. AMDVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Century California High Yield Municipal Fund (BCHYX) and American Century Mid Cap Value R6 (AMDVX). 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.
| BCHYX | AMDVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.58 | ||
| Sortino ratioReturn per unit of downside risk | +1.00 | ||
| Omega ratioGain probability vs. loss probability | 1.54 | 1.30 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 2.57 | 2.39 | +0.19 |
| Martin ratioReturn relative to average drawdown | 9.21 | 7.85 | +1.36 |
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Drawdowns
BCHYX vs. AMDVX - Drawdown Comparison
The maximum BCHYX drawdown since its inception was -18.35%, smaller than the maximum AMDVX drawdown of -39.21%. Use the drawdown chart below to compare losses from any high point for BCHYX and AMDVX.
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Drawdown Indicators
| BCHYX | AMDVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.35% | -39.21% | +20.86% |
Max Drawdown (1Y)Largest decline over 1 year | -2.97% | -8.47% | +5.50% |
Max Drawdown (3Y)Largest decline over 3 years | -6.75% | -14.50% | +7.75% |
Max Drawdown (5Y)Largest decline over 5 years | -18.35% | -16.96% | -1.39% |
Max Drawdown (10Y)Largest decline over 10 years | -18.35% | -39.21% | +20.86% |
Current DrawdownCurrent decline from peak | -2.05% | -1.11% | -0.94% |
Average DrawdownAverage peak-to-trough decline | -2.37% | -3.94% | +1.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.83% | 2.57% | -1.74% |
Volatility
BCHYX vs. AMDVX - Volatility Comparison
The current volatility for American Century California High Yield Municipal Fund (BCHYX) is 1.09%, while American Century Mid Cap Value R6 (AMDVX) has a volatility of 3.41%. This indicates that BCHYX experiences smaller price fluctuations and is considered to be less risky than AMDVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BCHYX | AMDVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.09% | 3.41% | -2.32% |
Volatility (6M)Calculated over the trailing 6-month period | 2.58% | 8.65% | -6.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.33% | 11.86% | -8.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.90% | 14.57% | -9.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.82% | 17.40% | -12.58% |
BCHYX vs. AMDVX - Expense Ratio Comparison
BCHYX has a 0.49% expense ratio, which is lower than AMDVX's 0.63% expense ratio.
Dividends
BCHYX vs. AMDVX - Dividend Comparison
BCHYX's dividend yield for the trailing twelve months is around 3.70%, less than AMDVX's 12.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMDVX American Century Mid Cap Value R6 | 12.99% | 14.83% | 9.13% | 5.59% | 15.97% | 16.32% | 2.14% | 1.79% | 15.04% | 9.85% | 4.38% | 11.43% |
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
BCHYX and AMDVX have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AMDVX has higher volatility (3.41%) compared to BCHYX (1.09%). In terms of maximum drawdown, BCHYX dropped -18.35% vs AMDVX's -39.21%.
BCHYX currently has the higher Sharpe Ratio (2.29 vs 1.71), 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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