BCHYX vs. PRXCX
Compare and contrast key facts about American Century California High Yield Municipal Fund (BCHYX) and T. Rowe Price California Tax Free Bond Fund (PRXCX).
BCHYX is managed by American Century Investments. It was launched on Dec 29, 1986. PRXCX is managed by T. Rowe Price. It was launched on Sep 14, 1986.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BCHYX or PRXCX.
Correlation
The correlation between BCHYX and PRXCX is 0.84, 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. PRXCX - Performance Comparison
Key characteristics
BCHYX:
0.22
PRXCX:
0.14
BCHYX:
0.33
PRXCX:
0.22
BCHYX:
1.06
PRXCX:
1.04
BCHYX:
0.16
PRXCX:
0.12
BCHYX:
0.82
PRXCX:
0.53
BCHYX:
1.65%
PRXCX:
1.58%
BCHYX:
6.19%
PRXCX:
5.87%
BCHYX:
-17.63%
PRXCX:
-19.48%
BCHYX:
-5.79%
PRXCX:
-4.47%
Returns By Period
The year-to-date returns for both stocks are quite close, with BCHYX having a -2.77% return and PRXCX slightly lower at -2.81%. Over the past 10 years, BCHYX has outperformed PRXCX with an annualized return of 2.44%, while PRXCX has yielded a comparatively lower 1.99% annualized return.
BCHYX
-2.77%
-2.39%
-3.44%
1.35%
1.38%
2.44%
PRXCX
-2.81%
-2.35%
-3.24%
0.84%
1.15%
1.99%
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BCHYX vs. PRXCX - Expense Ratio Comparison
BCHYX has a 0.49% expense ratio, which is lower than PRXCX's 0.53% expense ratio.
Risk-Adjusted Performance
BCHYX vs. PRXCX — Risk-Adjusted Performance Rank
BCHYX
PRXCX
BCHYX vs. PRXCX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Century California High Yield Municipal Fund (BCHYX) and T. Rowe Price California Tax Free Bond Fund (PRXCX). 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. PRXCX - Dividend Comparison
BCHYX's dividend yield for the trailing twelve months is around 3.90%, more than PRXCX's 3.41% 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% |
PRXCX T. Rowe Price California Tax Free Bond Fund | 3.41% | 3.26% | 3.04% | 2.83% | 2.51% | 2.73% | 2.93% | 3.11% | 3.09% | 3.34% | 3.43% | 3.60% |
Drawdowns
BCHYX vs. PRXCX - Drawdown Comparison
The maximum BCHYX drawdown since its inception was -17.63%, smaller than the maximum PRXCX drawdown of -19.48%. Use the drawdown chart below to compare losses from any high point for BCHYX and PRXCX. For additional features, visit the drawdowns tool.
Volatility
BCHYX vs. PRXCX - Volatility Comparison
American Century California High Yield Municipal Fund (BCHYX) has a higher volatility of 4.98% compared to T. Rowe Price California Tax Free Bond Fund (PRXCX) at 4.66%. This indicates that BCHYX's price experiences larger fluctuations and is considered to be riskier than PRXCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.