BCHYX vs. QQQ
Compare and contrast key facts about American Century California High Yield Municipal Fund (BCHYX) and Invesco QQQ (QQQ).
BCHYX is managed by American Century Investments. It was launched on Dec 29, 1986. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BCHYX or QQQ.
Performance
BCHYX vs. QQQ - Performance Comparison
Returns By Period
In the year-to-date period, BCHYX achieves a 4.15% return, which is significantly lower than QQQ's 23.84% return. Over the past 10 years, BCHYX has underperformed QQQ with an annualized return of 3.04%, while QQQ has yielded a comparatively higher 18.03% annualized return.
BCHYX
4.15%
0.31%
3.99%
8.93%
1.25%
3.04%
QQQ
23.84%
1.82%
11.65%
30.35%
20.97%
18.03%
Key characteristics
| BCHYX | QQQ | |
|---|---|---|
| Sharpe Ratio | 2.30 | 1.78 |
| Sortino Ratio | 3.43 | 2.37 |
| Omega Ratio | 1.54 | 1.32 |
| Calmar Ratio | 0.83 | 2.28 |
| Martin Ratio | 10.49 | 8.27 |
| Ulcer Index | 0.85% | 3.73% |
| Daily Std Dev | 3.88% | 17.37% |
| Max Drawdown | -17.63% | -82.98% |
| Current Drawdown | -2.73% | -1.78% |
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BCHYX vs. QQQ - Expense Ratio Comparison
BCHYX has a 0.49% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Correlation
The correlation between BCHYX and QQQ is -0.07. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Risk-Adjusted Performance
BCHYX vs. QQQ - 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 QQQ (QQQ). 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. QQQ - Dividend Comparison
BCHYX's dividend yield for the trailing twelve months is around 3.74%, more than QQQ's 0.60% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BCHYX American Century California High Yield Municipal Fund | 3.74% | 3.67% | 3.43% | 2.94% | 3.07% | 3.24% | 3.50% | 3.48% | 3.61% | 3.70% | 3.87% | 4.23% |
QQQ Invesco QQQ | 0.60% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
BCHYX vs. QQQ - Drawdown Comparison
The maximum BCHYX drawdown since its inception was -17.63%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for BCHYX and QQQ. For additional features, visit the drawdowns tool.
Volatility
BCHYX vs. QQQ - Volatility Comparison
The current volatility for American Century California High Yield Municipal Fund (BCHYX) is 1.70%, while Invesco QQQ (QQQ) has a volatility of 5.41%. This indicates that BCHYX experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.