BCHYX vs. KMLM
Compare and contrast key facts about American Century California High Yield Municipal Fund (BCHYX) and KFA Mount Lucas Index Strategy ETF (KMLM).
BCHYX is managed by American Century Investments. It was launched on Dec 29, 1986. KMLM is an actively managed fund by CICC. It was launched on Dec 2, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BCHYX or KMLM.
Correlation
The correlation between BCHYX and KMLM is 0.10, 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.
Performance
BCHYX vs. KMLM - Performance Comparison
Key characteristics
BCHYX:
0.08
KMLM:
-1.08
BCHYX:
0.24
KMLM:
-1.32
BCHYX:
1.04
KMLM:
0.85
BCHYX:
0.11
KMLM:
-0.35
BCHYX:
0.47
KMLM:
-1.53
BCHYX:
1.97%
KMLM:
6.69%
BCHYX:
6.30%
KMLM:
10.38%
BCHYX:
-17.63%
KMLM:
-29.10%
BCHYX:
-5.29%
KMLM:
-28.45%
Returns By Period
In the year-to-date period, BCHYX achieves a -2.25% return, which is significantly higher than KMLM's -6.41% return.
BCHYX
-2.25%
1.07%
-1.64%
0.52%
1.69%
2.57%
KMLM
-6.41%
-1.54%
-5.23%
-11.11%
N/A
N/A
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BCHYX vs. KMLM - Expense Ratio Comparison
BCHYX has a 0.49% expense ratio, which is lower than KMLM's 0.90% expense ratio.
Risk-Adjusted Performance
BCHYX vs. KMLM — Risk-Adjusted Performance Rank
BCHYX
KMLM
BCHYX vs. KMLM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Century California High Yield Municipal Fund (BCHYX) and KFA Mount Lucas Index Strategy ETF (KMLM). 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. KMLM - Dividend Comparison
BCHYX's dividend yield for the trailing twelve months is around 3.55%, more than KMLM's 0.87% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BCHYX American Century California High Yield Municipal Fund | 3.55% | 3.76% | 3.67% | 3.43% | 2.94% | 3.07% | 3.24% | 3.50% | 3.48% | 3.61% | 3.70% | 3.87% |
KMLM KFA Mount Lucas Index Strategy ETF | 0.87% | 0.82% | 0.00% | 8.12% | 6.94% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
BCHYX vs. KMLM - Drawdown Comparison
The maximum BCHYX drawdown since its inception was -17.63%, smaller than the maximum KMLM drawdown of -29.10%. Use the drawdown chart below to compare losses from any high point for BCHYX and KMLM. For additional features, visit the drawdowns tool.
Volatility
BCHYX vs. KMLM - Volatility Comparison
American Century California High Yield Municipal Fund (BCHYX) has a higher volatility of 4.13% compared to KFA Mount Lucas Index Strategy ETF (KMLM) at 2.79%. This indicates that BCHYX's price experiences larger fluctuations and is considered to be riskier than KMLM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.