BCHYX vs. BCITX
Compare and contrast key facts about American Century California High Yield Municipal Fund (BCHYX) and American Century California Intermediate-Term Tax-Free Bond Fund (BCITX).
BCHYX is managed by American Century. It was launched on Dec 29, 1986. BCITX is managed by American Century. It was launched on Nov 8, 1983.
Performance
BCHYX vs. BCITX - Performance Comparison
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BCHYX vs. BCITX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
BCITX American Century California Intermediate-Term Tax-Free Bond Fund | -0.47% | 4.74% | 2.17% | 4.75% | -7.36% | 1.11% | 3.71% | 6.62% | 0.71% | 4.63% |
Returns By Period
In the year-to-date period, BCHYX achieves a -0.38% return, which is significantly higher than BCITX's -0.47% return. Over the past 10 years, BCHYX has outperformed BCITX with an annualized return of 2.39%, while BCITX has yielded a comparatively lower 1.80% annualized return.
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%
BCITX
- 1D
- 0.18%
- 1M
- -2.10%
- YTD
- -0.47%
- 6M
- 1.01%
- 1Y
- 4.13%
- 3Y*
- 3.03%
- 5Y*
- 0.96%
- 10Y*
- 1.80%
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BCHYX vs. BCITX - Expense Ratio Comparison
BCHYX has a 0.49% expense ratio, which is higher than BCITX's 0.46% expense ratio.
Return for Risk
BCHYX vs. BCITX — Risk / Return Rank
BCHYX
BCITX
BCHYX vs. BCITX - 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 California Intermediate-Term Tax-Free Bond Fund (BCITX). 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.
| BCHYX | BCITX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.66 | 1.21 | -0.55 |
Sortino ratioReturn per unit of downside risk | 0.93 | 1.66 | -0.72 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.35 | -0.16 |
Calmar ratioReturn relative to maximum drawdown | 0.78 | 1.32 | -0.55 |
Martin ratioReturn relative to average drawdown | 2.32 | 5.10 | -2.78 |
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
| BCHYX | BCITX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.66 | 1.21 | -0.55 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.14 | 0.33 | -0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | 0.54 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.19 | 1.16 | +0.03 |
Correlation
The correlation between BCHYX and BCITX is 0.85, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
BCHYX vs. BCITX - Dividend Comparison
BCHYX's dividend yield for the trailing twelve months is around 4.34%, more than BCITX's 3.31% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
BCITX American Century California Intermediate-Term Tax-Free Bond Fund | 3.31% | 3.49% | 3.40% | 2.70% | 1.67% | 1.93% | 2.22% | 2.77% | 2.65% | 2.48% | 2.42% | 2.39% |
Drawdowns
BCHYX vs. BCITX - Drawdown Comparison
The maximum BCHYX drawdown since its inception was -18.35%, which is greater than BCITX's maximum drawdown of -12.17%. Use the drawdown chart below to compare losses from any high point for BCHYX and BCITX.
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Drawdown Indicators
| BCHYX | BCITX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.35% | -12.17% | -6.18% |
Max Drawdown (1Y)Largest decline over 1 year | -5.76% | -3.67% | -2.09% |
Max Drawdown (5Y)Largest decline over 5 years | -18.35% | -11.40% | -6.95% |
Max Drawdown (10Y)Largest decline over 10 years | -18.35% | -11.40% | -6.95% |
Current DrawdownCurrent decline from peak | -2.35% | -2.36% | +0.01% |
Average DrawdownAverage peak-to-trough decline | -2.39% | -1.92% | -0.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.93% | 0.95% | +0.98% |
Volatility
BCHYX vs. BCITX - Volatility Comparison
American Century California High Yield Municipal Fund (BCHYX) has a higher volatility of 1.24% compared to American Century California Intermediate-Term Tax-Free Bond Fund (BCITX) at 0.83%. This indicates that BCHYX's price experiences larger fluctuations and is considered to be riskier than BCITX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BCHYX | BCITX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.24% | 0.83% | +0.41% |
Volatility (6M)Calculated over the trailing 6-month period | 1.97% | 1.43% | +0.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.98% | 3.67% | +2.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.83% | 2.96% | +1.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.79% | 3.35% | +1.44% |