BCHYX vs. OPCAX
Compare and contrast key facts about American Century California High Yield Municipal Fund (BCHYX) and Invesco California Municipal Fund (OPCAX).
BCHYX is managed by American Century Investments. It was launched on Dec 29, 1986. OPCAX is managed by Invesco. It was launched on Nov 2, 1988.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BCHYX or OPCAX.
Correlation
The correlation between BCHYX and OPCAX is 0.76, 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.
Performance
BCHYX vs. OPCAX - Performance Comparison
Key characteristics
BCHYX:
0.22
OPCAX:
-0.01
BCHYX:
0.33
OPCAX:
0.03
BCHYX:
1.06
OPCAX:
1.01
BCHYX:
0.16
OPCAX:
-0.01
BCHYX:
0.82
OPCAX:
-0.03
BCHYX:
1.65%
OPCAX:
1.76%
BCHYX:
6.19%
OPCAX:
6.72%
BCHYX:
-17.63%
OPCAX:
-47.36%
BCHYX:
-5.79%
OPCAX:
-5.92%
Returns By Period
In the year-to-date period, BCHYX achieves a -2.77% return, which is significantly higher than OPCAX's -3.50% return. Over the past 10 years, BCHYX has underperformed OPCAX with an annualized return of 2.44%, while OPCAX has yielded a comparatively higher 2.96% annualized return.
BCHYX
-2.77%
-2.39%
-3.44%
1.35%
1.38%
2.44%
OPCAX
-3.50%
-2.81%
-4.12%
-0.05%
0.99%
2.96%
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BCHYX vs. OPCAX - Expense Ratio Comparison
BCHYX has a 0.49% expense ratio, which is lower than OPCAX's 0.75% expense ratio.
Risk-Adjusted Performance
BCHYX vs. OPCAX — Risk-Adjusted Performance Rank
BCHYX
OPCAX
BCHYX vs. OPCAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Century California High Yield Municipal Fund (BCHYX) and Invesco California Municipal Fund (OPCAX). 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. OPCAX - Dividend Comparison
BCHYX's dividend yield for the trailing twelve months is around 3.90%, less than OPCAX's 4.08% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BCHYX American Century California High Yield Municipal Fund | 3.90% | 3.76% | 3.67% | 3.43% | 2.94% | 3.07% | 3.24% | 3.50% | 3.48% | 3.61% | 3.70% | 3.87% |
OPCAX Invesco California Municipal Fund | 4.08% | 3.87% | 3.67% | 3.45% | 3.06% | 3.12% | 3.44% | 3.71% | 4.59% | 5.37% | 5.48% | 6.17% |
Drawdowns
BCHYX vs. OPCAX - Drawdown Comparison
The maximum BCHYX drawdown since its inception was -17.63%, smaller than the maximum OPCAX drawdown of -47.36%. Use the drawdown chart below to compare losses from any high point for BCHYX and OPCAX. For additional features, visit the drawdowns tool.
Volatility
BCHYX vs. OPCAX - Volatility Comparison
The current volatility for American Century California High Yield Municipal Fund (BCHYX) is 4.98%, while Invesco California Municipal Fund (OPCAX) has a volatility of 5.50%. This indicates that BCHYX experiences smaller price fluctuations and is considered to be less risky than OPCAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.