BCITX vs. BCHYX
Compare and contrast key facts about American Century California Intermediate-Term Tax-Free Bond Fund (BCITX) and American Century California High Yield Municipal Fund (BCHYX).
BCITX is managed by American Century. It was launched on Nov 8, 1983. BCHYX is managed by American Century. It was launched on Dec 29, 1986.
Performance
BCITX vs. BCHYX - Performance Comparison
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BCITX vs. BCHYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BCITX American Century California Intermediate-Term Tax-Free Bond Fund | -0.47% | 4.74% | 2.17% | 4.75% | -7.36% | 1.11% | 3.71% | 6.62% | 0.71% | 4.63% |
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% |
Returns By Period
In the year-to-date period, BCITX achieves a -0.47% return, which is significantly lower than BCHYX's -0.38% return. Over the past 10 years, BCITX has underperformed BCHYX with an annualized return of 1.80%, while BCHYX has yielded a comparatively higher 2.39% annualized return.
BCITX
- 1D
- 0.18%
- 1M
- -2.10%
- YTD
- -0.47%
- 6M
- 1.01%
- 1Y
- 4.13%
- 3Y*
- 3.03%
- 5Y*
- 0.96%
- 10Y*
- 1.80%
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%
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BCITX vs. BCHYX - Expense Ratio Comparison
BCITX has a 0.46% expense ratio, which is lower than BCHYX's 0.49% expense ratio.
Return for Risk
BCITX vs. BCHYX — Risk / Return Rank
BCITX
BCHYX
BCITX vs. BCHYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Century California Intermediate-Term Tax-Free Bond Fund (BCITX) and American Century California High Yield Municipal Fund (BCHYX). 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.
| BCITX | BCHYX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.21 | 0.66 | +0.55 |
Sortino ratioReturn per unit of downside risk | 1.66 | 0.93 | +0.72 |
Omega ratioGain probability vs. loss probability | 1.35 | 1.18 | +0.16 |
Calmar ratioReturn relative to maximum drawdown | 1.32 | 0.78 | +0.55 |
Martin ratioReturn relative to average drawdown | 5.10 | 2.32 | +2.78 |
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
| BCITX | BCHYX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.21 | 0.66 | +0.55 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.33 | 0.14 | +0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | 0.50 | +0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.16 | 1.19 | -0.03 |
Correlation
The correlation between BCITX and BCHYX is 0.85, 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
BCITX vs. BCHYX - Dividend Comparison
BCITX's dividend yield for the trailing twelve months is around 3.31%, less than BCHYX's 4.34% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BCITX American Century California Intermediate-Term Tax-Free Bond Fund | 3.31% | 3.49% | 3.40% | 2.70% | 1.67% | 1.93% | 2.22% | 2.77% | 2.65% | 2.48% | 2.42% | 2.39% |
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% |
Drawdowns
BCITX vs. BCHYX - Drawdown Comparison
The maximum BCITX drawdown since its inception was -12.17%, smaller than the maximum BCHYX drawdown of -18.35%. Use the drawdown chart below to compare losses from any high point for BCITX and BCHYX.
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Drawdown Indicators
| BCITX | BCHYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.17% | -18.35% | +6.18% |
Max Drawdown (1Y)Largest decline over 1 year | -3.67% | -5.76% | +2.09% |
Max Drawdown (5Y)Largest decline over 5 years | -11.40% | -18.35% | +6.95% |
Max Drawdown (10Y)Largest decline over 10 years | -11.40% | -18.35% | +6.95% |
Current DrawdownCurrent decline from peak | -2.36% | -2.35% | -0.01% |
Average DrawdownAverage peak-to-trough decline | -1.92% | -2.39% | +0.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 1.93% | -0.98% |
Volatility
BCITX vs. BCHYX - Volatility Comparison
The current volatility for American Century California Intermediate-Term Tax-Free Bond Fund (BCITX) is 0.83%, while American Century California High Yield Municipal Fund (BCHYX) has a volatility of 1.24%. This indicates that BCITX experiences smaller price fluctuations and is considered to be less risky than BCHYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BCITX | BCHYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.83% | 1.24% | -0.41% |
Volatility (6M)Calculated over the trailing 6-month period | 1.43% | 1.97% | -0.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.67% | 5.98% | -2.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.96% | 4.83% | -1.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.35% | 4.79% | -1.44% |