FCSTX vs. BCHYX
Compare and contrast key facts about Fidelity California Limited Term Tax-Free Bond Fund (FCSTX) and American Century California High Yield Municipal Fund (BCHYX).
FCSTX is managed by Fidelity. It was launched on Oct 25, 2005. BCHYX is managed by American Century Investments. It was launched on Dec 29, 1986.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FCSTX or BCHYX.
Correlation
The correlation between FCSTX and BCHYX is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
FCSTX vs. BCHYX - Performance Comparison
Key characteristics
FCSTX:
1.39
BCHYX:
0.91
FCSTX:
2.01
BCHYX:
1.23
FCSTX:
1.31
BCHYX:
1.19
FCSTX:
0.90
BCHYX:
0.47
FCSTX:
4.19
BCHYX:
2.78
FCSTX:
0.62%
BCHYX:
1.26%
FCSTX:
1.88%
BCHYX:
3.88%
FCSTX:
-7.51%
BCHYX:
-17.63%
FCSTX:
-0.16%
BCHYX:
-3.21%
Returns By Period
In the year-to-date period, FCSTX achieves a 0.66% return, which is significantly higher than BCHYX's -0.10% return. Over the past 10 years, FCSTX has underperformed BCHYX with an annualized return of 1.25%, while BCHYX has yielded a comparatively higher 2.79% annualized return.
FCSTX
0.66%
0.66%
0.86%
2.72%
0.67%
1.25%
BCHYX
-0.10%
0.31%
0.13%
3.61%
0.50%
2.79%
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FCSTX vs. BCHYX - Expense Ratio Comparison
FCSTX has a 0.47% expense ratio, which is lower than BCHYX's 0.49% expense ratio.
Risk-Adjusted Performance
FCSTX vs. BCHYX — Risk-Adjusted Performance Rank
FCSTX
BCHYX
FCSTX vs. BCHYX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity California Limited Term Tax-Free Bond Fund (FCSTX) 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.
Dividends
FCSTX vs. BCHYX - Dividend Comparison
FCSTX's dividend yield for the trailing twelve months is around 1.99%, less than BCHYX's 3.45% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCSTX Fidelity California Limited Term Tax-Free Bond Fund | 1.99% | 1.99% | 1.67% | 1.35% | 1.27% | 1.52% | 1.72% | 1.71% | 1.59% | 1.64% | 1.79% | 1.89% |
BCHYX American Century California High Yield Municipal Fund | 3.45% | 3.76% | 3.67% | 3.43% | 2.94% | 3.07% | 3.24% | 3.50% | 3.48% | 3.61% | 3.70% | 3.87% |
Drawdowns
FCSTX vs. BCHYX - Drawdown Comparison
The maximum FCSTX drawdown since its inception was -7.51%, smaller than the maximum BCHYX drawdown of -17.63%. Use the drawdown chart below to compare losses from any high point for FCSTX and BCHYX. For additional features, visit the drawdowns tool.
Volatility
FCSTX vs. BCHYX - Volatility Comparison
The current volatility for Fidelity California Limited Term Tax-Free Bond Fund (FCSTX) is 0.52%, while American Century California High Yield Municipal Fund (BCHYX) has a volatility of 1.19%. This indicates that FCSTX 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.