BCHYX vs. TAIAX
Compare and contrast key facts about American Century California High Yield Municipal Fund (BCHYX) and American Funds Tax-Aware Conservative Growth and Income Portfolio (TAIAX).
BCHYX is managed by American Century Investments. It was launched on Dec 29, 1986. TAIAX is managed by American Funds. It was launched on May 17, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BCHYX or TAIAX.
Correlation
The correlation between BCHYX and TAIAX is -0.06. 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.
Performance
BCHYX vs. TAIAX - Performance Comparison
Key characteristics
BCHYX:
0.08
TAIAX:
0.45
BCHYX:
0.24
TAIAX:
0.70
BCHYX:
1.04
TAIAX:
1.11
BCHYX:
0.11
TAIAX:
0.41
BCHYX:
0.47
TAIAX:
1.47
BCHYX:
1.97%
TAIAX:
2.78%
BCHYX:
6.30%
TAIAX:
8.33%
BCHYX:
-17.63%
TAIAX:
-21.42%
BCHYX:
-5.29%
TAIAX:
-4.02%
Returns By Period
In the year-to-date period, BCHYX achieves a -2.25% return, which is significantly lower than TAIAX's 1.04% return. Over the past 10 years, BCHYX has underperformed TAIAX with an annualized return of 2.57%, while TAIAX has yielded a comparatively higher 4.73% annualized return.
BCHYX
-2.25%
1.07%
-1.64%
0.52%
1.69%
2.57%
TAIAX
1.04%
6.62%
-3.03%
3.69%
6.34%
4.73%
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BCHYX vs. TAIAX - Expense Ratio Comparison
BCHYX has a 0.49% expense ratio, which is higher than TAIAX's 0.34% expense ratio.
Risk-Adjusted Performance
BCHYX vs. TAIAX — Risk-Adjusted Performance Rank
BCHYX
TAIAX
BCHYX vs. TAIAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Century California High Yield Municipal Fund (BCHYX) and American Funds Tax-Aware Conservative Growth and Income Portfolio (TAIAX). 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. TAIAX - Dividend Comparison
BCHYX's dividend yield for the trailing twelve months is around 3.55%, less than TAIAX's 5.08% 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% |
TAIAX American Funds Tax-Aware Conservative Growth and Income Portfolio | 5.08% | 5.16% | 4.29% | 4.37% | 3.40% | 2.65% | 3.06% | 4.54% | 4.04% | 3.54% | 3.38% | 3.64% |
Drawdowns
BCHYX vs. TAIAX - Drawdown Comparison
The maximum BCHYX drawdown since its inception was -17.63%, smaller than the maximum TAIAX drawdown of -21.42%. Use the drawdown chart below to compare losses from any high point for BCHYX and TAIAX. For additional features, visit the drawdowns tool.
Volatility
BCHYX vs. TAIAX - Volatility Comparison
American Century California High Yield Municipal Fund (BCHYX) has a higher volatility of 4.13% compared to American Funds Tax-Aware Conservative Growth and Income Portfolio (TAIAX) at 3.80%. This indicates that BCHYX's price experiences larger fluctuations and is considered to be riskier than TAIAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.