BCHYX vs. VWITX
Compare and contrast key facts about American Century California High Yield Municipal Fund (BCHYX) and Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares (VWITX).
BCHYX is managed by American Century. It was launched on Dec 29, 1986. VWITX is managed by Vanguard. It was launched on Sep 1, 1977.
Performance
BCHYX vs. VWITX - Performance Comparison
Loading graphics...
BCHYX vs. VWITX - 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% |
VWITX Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares | -0.48% | 5.89% | 2.23% | 5.82% | -6.90% | 0.74% | 5.14% | 7.01% | 1.26% | 4.54% |
Returns By Period
In the year-to-date period, BCHYX achieves a -0.38% return, which is significantly higher than VWITX's -0.48% return. Both investments have delivered pretty close results over the past 10 years, with BCHYX having a 2.39% annualized return and VWITX not far behind at 2.29%.
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%
VWITX
- 1D
- 0.22%
- 1M
- -2.36%
- YTD
- -0.48%
- 6M
- 1.07%
- 1Y
- 4.47%
- 3Y*
- 3.64%
- 5Y*
- 1.49%
- 10Y*
- 2.29%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
BCHYX vs. VWITX - Expense Ratio Comparison
BCHYX has a 0.49% expense ratio, which is higher than VWITX's 0.17% expense ratio.
Return for Risk
BCHYX vs. VWITX — Risk / Return Rank
BCHYX
VWITX
BCHYX vs. VWITX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Century California High Yield Municipal Fund (BCHYX) and Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares (VWITX). 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 | VWITX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.66 | 1.25 | -0.59 |
Sortino ratioReturn per unit of downside risk | 0.93 | 1.66 | -0.73 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.35 | -0.17 |
Calmar ratioReturn relative to maximum drawdown | 0.78 | 1.43 | -0.65 |
Martin ratioReturn relative to average drawdown | 2.32 | 5.48 | -3.16 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| BCHYX | VWITX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.66 | 1.25 | -0.59 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.14 | 0.46 | -0.33 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | 0.67 | -0.17 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.19 | 0.76 | +0.43 |
Correlation
The correlation between BCHYX and VWITX is 0.83, 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.
Dividends
BCHYX vs. VWITX - Dividend Comparison
BCHYX's dividend yield for the trailing twelve months is around 4.34%, more than VWITX's 3.25% 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% |
VWITX Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares | 3.25% | 3.96% | 3.53% | 2.70% | 2.43% | 1.83% | 2.32% | 2.80% | 2.80% | 2.72% | 2.80% | 2.88% |
Drawdowns
BCHYX vs. VWITX - Drawdown Comparison
The maximum BCHYX drawdown since its inception was -18.35%, smaller than the maximum VWITX drawdown of -29.13%. Use the drawdown chart below to compare losses from any high point for BCHYX and VWITX.
Loading graphics...
Drawdown Indicators
| BCHYX | VWITX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.35% | -29.13% | +10.78% |
Max Drawdown (1Y)Largest decline over 1 year | -5.76% | -3.89% | -1.87% |
Max Drawdown (5Y)Largest decline over 5 years | -18.35% | -11.46% | -6.89% |
Max Drawdown (10Y)Largest decline over 10 years | -18.35% | -11.46% | -6.89% |
Current DrawdownCurrent decline from peak | -2.35% | -2.64% | +0.29% |
Average DrawdownAverage peak-to-trough decline | -2.39% | -3.58% | +1.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.93% | 1.02% | +0.91% |
Volatility
BCHYX vs. VWITX - Volatility Comparison
American Century California High Yield Municipal Fund (BCHYX) has a higher volatility of 1.24% compared to Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares (VWITX) at 1.01%. This indicates that BCHYX's price experiences larger fluctuations and is considered to be riskier than VWITX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| BCHYX | VWITX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.24% | 1.01% | +0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 1.97% | 1.57% | +0.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.98% | 3.92% | +2.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.83% | 3.22% | +1.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.79% | 3.41% | +1.38% |