CCCMX vs. MQY
CCCMX (Capital Group California Core Municipal Fund) and MQY (BlackRock MuniYield Quality Fund) are both Municipal Bonds funds. Over the past 10 years, CCCMX returned 1.39%/yr vs 1.38%/yr for MQY. At a 0.30 correlation, their price movements are largely independent. CCCMX charges 0.27%/yr vs 2.07%/yr for MQY.
Performance
CCCMX vs. MQY - Performance Comparison
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Returns By Period
In the year-to-date period, CCCMX achieves a 0.70% return, which is significantly lower than MQY's 4.72% return. Both investments have delivered pretty close results over the past 10 years, with CCCMX having a 1.39% annualized return and MQY not far behind at 1.38%.
CCCMX
- 1D
- 0.00%
- 1M
- 1.00%
- YTD
- 0.70%
- 6M
- 0.91%
- 1Y
- 4.41%
- 3Y*
- 3.17%
- 5Y*
- 1.16%
- 10Y*
- 1.39%
MQY
- 1D
- 0.35%
- 1M
- 3.39%
- YTD
- 4.72%
- 6M
- 5.37%
- 1Y
- 11.21%
- 3Y*
- 6.00%
- 5Y*
- -2.18%
- 10Y*
- 1.38%
CCCMX vs. MQY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CCCMX Capital Group California Core Municipal Fund | 0.70% | 4.69% | 1.42% | 3.46% | -4.27% | 0.02% | 3.81% | 4.61% | 1.70% | 2.39% |
MQY BlackRock MuniYield Quality Fund | 4.72% | 4.28% | -0.06% | 10.20% | -24.23% | 2.67% | 14.65% | 20.89% | -10.12% | 8.98% |
Correlation
The correlation between CCCMX and MQY is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.43 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Apr 15, 2010 | 0.30 |
The correlation between CCCMX and MQY shifts across timeframes, from 0.30 (all time) to 0.50 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
CCCMX vs. MQY — Risk / Return Rank
CCCMX
MQY
CCCMX vs. MQY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Capital Group California Core Municipal Fund (CCCMX) and BlackRock MuniYield Quality Fund (MQY). 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.
| CCCMX | MQY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.42 | ||
| Sortino ratioReturn per unit of downside risk | +1.67 | ||
| Omega ratioGain probability vs. loss probability | 1.69 | 1.22 | +0.47 |
| Calmar ratioReturn relative to maximum drawdown | 1.91 | 1.39 | +0.53 |
| Martin ratioReturn relative to average drawdown | 5.32 | 4.30 | +1.02 |
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Drawdowns
CCCMX vs. MQY - Drawdown Comparison
The maximum CCCMX drawdown since its inception was -7.58%, smaller than the maximum MQY drawdown of -41.67%. Use the drawdown chart below to compare losses from any high point for CCCMX and MQY.
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Drawdown Indicators
| CCCMX | MQY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.58% | -41.67% | +34.09% |
Max Drawdown (1Y)Largest decline over 1 year | -2.37% | -8.13% | +5.76% |
Max Drawdown (3Y)Largest decline over 3 years | -3.11% | -17.03% | +13.92% |
Max Drawdown (5Y)Largest decline over 5 years | -7.25% | -35.44% | +28.19% |
Max Drawdown (10Y)Largest decline over 10 years | -7.58% | -35.97% | +28.39% |
Current DrawdownCurrent decline from peak | -1.04% | -12.82% | +11.78% |
Average DrawdownAverage peak-to-trough decline | -1.65% | -8.29% | +6.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.85% | 2.61% | -1.76% |
Volatility
CCCMX vs. MQY - Volatility Comparison
The current volatility for Capital Group California Core Municipal Fund (CCCMX) is 0.44%, while BlackRock MuniYield Quality Fund (MQY) has a volatility of 2.86%. This indicates that CCCMX experiences smaller price fluctuations and is considered to be less risky than MQY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CCCMX | MQY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.44% | 2.86% | -2.42% |
Volatility (6M)Calculated over the trailing 6-month period | 1.42% | 7.50% | -6.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.74% | 9.44% | -7.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.32% | 12.21% | -9.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.42% | 13.04% | -10.62% |
CCCMX vs. MQY - Expense Ratio Comparison
CCCMX has a 0.27% expense ratio, which is lower than MQY's 2.07% expense ratio.
Dividends
CCCMX vs. MQY - Dividend Comparison
CCCMX's dividend yield for the trailing twelve months is around 2.56%, less than MQY's 6.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CCCMX Capital Group California Core Municipal Fund | 2.56% | 2.51% | 2.39% | 1.71% | 1.11% | 1.61% | 2.35% | 1.95% | 1.97% | 1.41% | 0.00% | 0.00% |
MQY BlackRock MuniYield Quality Fund | 6.06% | 6.16% | 6.04% | 4.46% | 5.87% | 4.93% | 4.21% | 4.00% | 5.24% | 5.67% | 6.10% | 6.06% |
Frequently Asked Questions
CCCMX and MQY have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MQY has higher volatility (2.86%) compared to CCCMX (0.44%). In terms of maximum drawdown, CCCMX dropped -7.58% vs MQY's -41.67%.
CCCMX currently has the higher Sharpe Ratio (2.61 vs 1.19), 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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