BGEIX vs. BCHYX
BGEIX (American Century Global Gold Fund) and BCHYX (American Century California High Yield Municipal Fund) are both mutual funds - BGEIX is a Gold fund managed by American Century, while BCHYX is a Municipal Bonds fund managed by American Century. Over the past 10 years, BGEIX returned 10.13%/yr vs 2.15%/yr for BCHYX. Their 0.06 correlation means their historical movements had little consistent relationship. BGEIX charges 0.65%/yr vs 0.49%/yr for BCHYX.
Performance
BGEIX vs. BCHYX - Performance Comparison
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Returns By Period
In the year-to-date period, BGEIX achieves a -11.13% return, which is significantly lower than BCHYX's 0.86% return. Over the past 10 years, BGEIX has outperformed BCHYX with an annualized return of 10.13%, while BCHYX has yielded a comparatively lower 2.15% annualized return.
BGEIX
- 1D
- 3.47%
- 1M
- -2.24%
- 6M
- -19.57%
- YTD
- -11.13%
- 1Y
- 48.85%
- 3Y*
- 38.61%
- 5Y*
- 18.36%
- 10Y*
- 10.13%
- ALL TIME*
- 5.11%
BCHYX
- 1D
- -0.31%
- 1M
- -2.05%
- 6M
- 0.32%
- YTD
- 0.86%
- 1Y
- 6.54%
- 3Y*
- 4.00%
- 5Y*
- 0.18%
- 10Y*
- 2.15%
- ALL TIME*
- 4.72%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
BGEIX vs. BCHYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BGEIX American Century Global Gold Fund | -11.13% | 158.45% | 15.10% | 7.52% | -12.54% | -8.85% | 18.92% | 37.82% | -7.43% | 10.62% |
BCHYX American Century California High Yield Municipal Fund | 0.86% | 3.48% | 4.07% | 6.69% | -12.77% | 3.82% | 3.95% | 9.92% | 0.65% | 8.50% |
Correlation
The correlation between BGEIX and BCHYX is 0.17, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.17 |
Correlation (3Y) Balances recent behavior with more history. | 0.16 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.17 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.15 |
Correlation (All Time) Calculated using the full available price history since Jun 20, 1996 | 0.06 |
The correlation between BGEIX and BCHYX shifts across timeframes, from 0.06 (all time) to 0.17 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
BGEIX vs. BCHYX — Risk / Return Rank
BGEIX
BCHYX
BGEIX vs. BCHYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Century Global Gold Fund (BGEIX) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BGEIX | BCHYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.19 | ||
| Sortino ratioReturn per unit of downside risk | -2.04 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.54 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | 1.30 | 2.57 | -1.27 |
| Martin ratioReturn relative to average drawdown | 2.88 | 9.21 | -6.33 |
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Drawdowns
BGEIX vs. BCHYX - Drawdown Comparison
The maximum BGEIX drawdown since its inception was -78.69%, which is greater than BCHYX's maximum drawdown of -18.35%. Use the drawdown chart below to compare losses from any high point for BGEIX and BCHYX.
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Drawdown Indicators
| BGEIX | BCHYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.69% | -18.35% | -60.34% |
Max Drawdown (1Y)Largest decline over 1 year | -38.61% | -2.97% | -35.64% |
Max Drawdown (3Y)Largest decline over 3 years | -38.61% | -6.75% | -31.86% |
Max Drawdown (5Y)Largest decline over 5 years | -46.62% | -18.35% | -28.27% |
Max Drawdown (10Y)Largest decline over 10 years | -51.92% | -18.35% | -33.57% |
Current DrawdownCurrent decline from peak | -33.63% | -2.05% | -31.58% |
Average DrawdownAverage peak-to-trough decline | -35.14% | -2.37% | -32.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.45% | 0.83% | +16.62% |
Volatility
BGEIX vs. BCHYX - Volatility Comparison
American Century Global Gold Fund (BGEIX) has a higher volatility of 11.67% compared to American Century California High Yield Municipal Fund (BCHYX) at 1.09%. This indicates that BGEIX's price experiences larger fluctuations and is considered to be riskier 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
| BGEIX | BCHYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.67% | 1.09% | +10.58% |
Volatility (6M)Calculated over the trailing 6-month period | 37.64% | 2.58% | +35.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.61% | 3.33% | +42.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.42% | 4.90% | +29.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.49% | 4.82% | +28.67% |
BGEIX vs. BCHYX - Expense Ratio Comparison
BGEIX has a 0.65% expense ratio, which is higher than BCHYX's 0.49% expense ratio.
Dividends
BGEIX vs. BCHYX - Dividend Comparison
BGEIX's dividend yield for the trailing twelve months is around 0.91%, less than BCHYX's 3.70% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BCHYX American Century California High Yield Municipal Fund | 3.70% | 4.58% | 4.41% | 3.67% | 2.55% | 2.57% | 3.07% | 3.50% | 3.52% | 3.50% | 3.59% | 3.67% |
BGEIX American Century Global Gold Fund | 0.91% | 0.85% | 1.36% | 1.56% | 1.38% | 2.13% | 0.56% | 0.87% | 0.00% | 0.00% | 10.56% | 0.00% |
Frequently Asked Questions
BGEIX and BCHYX have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BGEIX has higher volatility (11.67%) compared to BCHYX (1.09%). In terms of maximum drawdown, BGEIX dropped -78.69% vs BCHYX's -18.35%.
BCHYX currently has the higher Sharpe Ratio (2.29 vs 1.11), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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