BCHYX vs. BND
Compare and contrast key facts about American Century California High Yield Municipal Fund (BCHYX) and Vanguard Total Bond Market ETF (BND).
BCHYX is managed by American Century Investments. It was launched on Dec 29, 1986. BND is a passively managed fund by Vanguard that tracks the performance of the Barclays Capital U.S. Aggregate Bond Index. It was launched on Apr 3, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BCHYX or BND.
Key characteristics
| BCHYX | BND | |
|---|---|---|
| YTD Return | 3.95% | 2.29% |
| 1Y Return | 12.30% | 8.87% |
| 3Y Return (Ann) | -0.71% | -2.40% |
| 5Y Return (Ann) | 1.28% | -0.03% |
| 10Y Return (Ann) | 3.03% | 1.47% |
| Sharpe Ratio | 3.27 | 1.45 |
| Sortino Ratio | 5.37 | 2.14 |
| Omega Ratio | 1.81 | 1.26 |
| Calmar Ratio | 0.92 | 0.53 |
| Martin Ratio | 16.08 | 5.29 |
| Ulcer Index | 0.77% | 1.59% |
| Daily Std Dev | 3.80% | 5.79% |
| Max Drawdown | -17.64% | -18.84% |
| Current Drawdown | -2.94% | -8.54% |
Correlation
The correlation between BCHYX and BND is 0.44, 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.
Performance
BCHYX vs. BND - Performance Comparison
In the year-to-date period, BCHYX achieves a 3.95% return, which is significantly higher than BND's 2.29% return. Over the past 10 years, BCHYX has outperformed BND with an annualized return of 3.03%, while BND has yielded a comparatively lower 1.47% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
BCHYX vs. BND - Expense Ratio Comparison
BCHYX has a 0.49% expense ratio, which is higher than BND's 0.03% expense ratio.
Risk-Adjusted Performance
BCHYX vs. BND - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Century California High Yield Municipal Fund (BCHYX) and Vanguard Total Bond Market ETF (BND). 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.
Dividends
BCHYX vs. BND - Dividend Comparison
BCHYX's dividend yield for the trailing twelve months is around 3.75%, more than BND's 3.55% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BCHYX American Century California High Yield Municipal Fund | 3.75% | 3.65% | 3.43% | 2.94% | 3.06% | 3.22% | 3.52% | 3.49% | 3.61% | 3.70% | 3.87% | 4.23% |
BND Vanguard Total Bond Market ETF | 3.55% | 3.09% | 2.60% | 1.97% | 2.22% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% | 2.79% | 2.78% |
Drawdowns
BCHYX vs. BND - Drawdown Comparison
The maximum BCHYX drawdown since its inception was -17.64%, smaller than the maximum BND drawdown of -18.84%. Use the drawdown chart below to compare losses from any high point for BCHYX and BND. For additional features, visit the drawdowns tool.
Volatility
BCHYX vs. BND - Volatility Comparison
American Century California High Yield Municipal Fund (BCHYX) and Vanguard Total Bond Market ETF (BND) have volatilities of 1.26% and 1.24%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.