BCHYX vs. TWCIX
Compare and contrast key facts about American Century California High Yield Municipal Fund (BCHYX) and American Century Select Fund (TWCIX).
BCHYX is managed by American Century. It was launched on Dec 29, 1986. TWCIX is managed by American Century. It was launched on Jun 30, 1971.
Performance
BCHYX vs. TWCIX - Performance Comparison
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BCHYX vs. TWCIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BCHYX American Century California High Yield Municipal Fund | -0.38% | 3.48% | 4.07% | 6.69% | -12.77% | 3.82% | 3.95% | 9.92% | 0.65% | 8.50% |
TWCIX American Century Select Fund | -8.73% | 16.30% | 26.15% | 39.93% | -28.82% | 25.47% | 33.99% | 36.30% | -3.54% | 28.90% |
Returns By Period
In the year-to-date period, BCHYX achieves a -0.38% return, which is significantly higher than TWCIX's -8.73% return. Over the past 10 years, BCHYX has underperformed TWCIX with an annualized return of 2.39%, while TWCIX has yielded a comparatively higher 14.92% annualized return.
BCHYX
- 1D
- 0.42%
- 1M
- -2.05%
- YTD
- -0.38%
- 6M
- 1.36%
- 1Y
- 3.49%
- 3Y*
- 3.71%
- 5Y*
- 0.66%
- 10Y*
- 2.39%
TWCIX
- 1D
- 4.05%
- 1M
- -5.48%
- YTD
- -8.73%
- 6M
- -7.36%
- 1Y
- 17.10%
- 3Y*
- 17.46%
- 5Y*
- 10.31%
- 10Y*
- 14.92%
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BCHYX vs. TWCIX - Expense Ratio Comparison
BCHYX has a 0.49% expense ratio, which is lower than TWCIX's 0.94% expense ratio.
Return for Risk
BCHYX vs. TWCIX — Risk / Return Rank
BCHYX
TWCIX
BCHYX vs. TWCIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Century California High Yield Municipal Fund (BCHYX) and American Century Select Fund (TWCIX). 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 | TWCIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.66 | 0.79 | -0.13 |
Sortino ratioReturn per unit of downside risk | 0.93 | 1.30 | -0.36 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.18 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 0.78 | 1.25 | -0.47 |
Martin ratioReturn relative to average drawdown | 2.32 | 4.50 | -2.18 |
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 | TWCIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.66 | 0.79 | -0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.14 | 0.48 | -0.35 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | 0.71 | -0.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.19 | 0.58 | +0.61 |
Correlation
The correlation between BCHYX and TWCIX 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.
Dividends
BCHYX vs. TWCIX - Dividend Comparison
BCHYX's dividend yield for the trailing twelve months is around 4.34%, less than TWCIX's 11.00% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BCHYX American Century California High Yield Municipal Fund | 4.34% | 4.58% | 4.41% | 3.67% | 2.55% | 2.57% | 3.07% | 3.50% | 3.52% | 3.50% | 3.59% | 3.67% |
TWCIX American Century Select Fund | 11.00% | 10.04% | 3.67% | 5.21% | 10.36% | 8.25% | 6.26% | 5.42% | 9.05% | 6.30% | 3.43% | 6.16% |
Drawdowns
BCHYX vs. TWCIX - Drawdown Comparison
The maximum BCHYX drawdown since its inception was -18.35%, smaller than the maximum TWCIX drawdown of -57.31%. Use the drawdown chart below to compare losses from any high point for BCHYX and TWCIX.
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Drawdown Indicators
| BCHYX | TWCIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.35% | -57.31% | +38.96% |
Max Drawdown (1Y)Largest decline over 1 year | -5.76% | -14.66% | +8.90% |
Max Drawdown (5Y)Largest decline over 5 years | -18.35% | -31.24% | +12.89% |
Max Drawdown (10Y)Largest decline over 10 years | -18.35% | -31.24% | +12.89% |
Current DrawdownCurrent decline from peak | -2.35% | -11.20% | +8.85% |
Average DrawdownAverage peak-to-trough decline | -2.39% | -12.42% | +10.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.93% | 4.07% | -2.14% |
Volatility
BCHYX vs. TWCIX - Volatility Comparison
The current volatility for American Century California High Yield Municipal Fund (BCHYX) is 1.24%, while American Century Select Fund (TWCIX) has a volatility of 7.21%. This indicates that BCHYX experiences smaller price fluctuations and is considered to be less risky than TWCIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BCHYX | TWCIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.24% | 7.21% | -5.97% |
Volatility (6M)Calculated over the trailing 6-month period | 1.97% | 12.80% | -10.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.98% | 23.01% | -17.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.83% | 21.49% | -16.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.79% | 20.98% | -16.19% |