BCHYX vs. SGOV
Compare and contrast key facts about American Century California High Yield Municipal Fund (BCHYX) and iShares 0-3 Month Treasury Bond ETF (SGOV).
BCHYX is managed by American Century. It was launched on Dec 29, 1986. SGOV is a passively managed fund by iShares that tracks the performance of the ICE 0-3 Month US Treasury Securities Index. It was launched on May 26, 2020.
Performance
BCHYX vs. SGOV - Performance Comparison
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BCHYX vs. SGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
BCHYX American Century California High Yield Municipal Fund | -0.17% | 3.48% | 4.07% | 6.69% | -12.77% | 3.82% | 7.88% |
SGOV iShares 0-3 Month Treasury Bond ETF | 0.92% | 4.24% | 5.27% | 5.12% | 1.58% | 0.04% | 0.05% |
Returns By Period
In the year-to-date period, BCHYX achieves a -0.17% return, which is significantly lower than SGOV's 0.92% return.
BCHYX
- 1D
- 0.21%
- 1M
- -1.34%
- YTD
- -0.17%
- 6M
- 1.68%
- 1Y
- 3.71%
- 3Y*
- 3.79%
- 5Y*
- 0.70%
- 10Y*
- 2.41%
SGOV
- 1D
- 0.04%
- 1M
- 0.32%
- YTD
- 0.92%
- 6M
- 1.92%
- 1Y
- 4.10%
- 3Y*
- 4.81%
- 5Y*
- 3.42%
- 10Y*
- —
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BCHYX vs. SGOV - Expense Ratio Comparison
BCHYX has a 0.49% expense ratio, which is higher than SGOV's 0.09% expense ratio.
Return for Risk
BCHYX vs. SGOV — Risk / Return Rank
BCHYX
SGOV
BCHYX vs. SGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Century California High Yield Municipal Fund (BCHYX) and iShares 0-3 Month Treasury Bond ETF (SGOV). 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.
| BCHYX | SGOV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.63 | 20.63 | -20.00 |
Sortino ratioReturn per unit of downside risk | 0.89 | 286.00 | -285.11 |
Omega ratioGain probability vs. loss probability | 1.17 | 202.83 | -201.66 |
Calmar ratioReturn relative to maximum drawdown | 0.72 | 412.76 | -412.04 |
Martin ratioReturn relative to average drawdown | 2.14 | 4,634.41 | -4,632.26 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BCHYX | SGOV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.63 | 20.63 | -20.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.15 | 14.13 | -13.99 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.19 | 12.35 | -11.17 |
Correlation
The correlation between BCHYX and SGOV is 0.02, 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.
Dividends
BCHYX vs. SGOV - Dividend Comparison
BCHYX's dividend yield for the trailing twelve months is around 4.33%, more than SGOV's 3.95% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BCHYX American Century California High Yield Municipal Fund | 4.33% | 4.58% | 4.41% | 3.67% | 2.55% | 2.57% | 3.07% | 3.50% | 3.52% | 3.50% | 3.59% | 3.67% |
SGOV iShares 0-3 Month Treasury Bond ETF | 3.95% | 4.10% | 5.10% | 4.87% | 1.45% | 0.03% | 0.05% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
BCHYX vs. SGOV - Drawdown Comparison
The maximum BCHYX drawdown since its inception was -18.35%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for BCHYX and SGOV.
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Drawdown Indicators
| BCHYX | SGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.35% | -0.03% | -18.32% |
Max Drawdown (1Y)Largest decline over 1 year | -5.76% | -0.01% | -5.75% |
Max Drawdown (5Y)Largest decline over 5 years | -18.35% | -0.03% | -18.32% |
Max Drawdown (10Y)Largest decline over 10 years | -18.35% | — | — |
Current DrawdownCurrent decline from peak | -2.15% | 0.00% | -2.15% |
Average DrawdownAverage peak-to-trough decline | -2.39% | 0.00% | -2.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.93% | 0.00% | +1.93% |
Volatility
BCHYX vs. SGOV - Volatility Comparison
American Century California High Yield Municipal Fund (BCHYX) has a higher volatility of 1.20% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.06%. This indicates that BCHYX's price experiences larger fluctuations and is considered to be riskier than SGOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BCHYX | SGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.20% | 0.06% | +1.14% |
Volatility (6M)Calculated over the trailing 6-month period | 1.93% | 0.13% | +1.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.97% | 0.20% | +5.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.83% | 0.24% | +4.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.79% | 0.24% | +4.55% |