QINT vs. CATF

Last updated Jun 24, 2026

QINT (American Century Quality Diversified International ETF) and CATF (American Century California Municipal Bond ETF) are both exchange-traded funds - QINT is a Foreign Large Cap Equities fund tracking the Alpha Vee American Century Diversified International Equity Index, while CATF is a Municipal Bonds fund actively managed by American Century. QINT is passively managed, while CATF is actively managed. Over the past year, QINT returned 25.26% vs 7.60% for CATF. At a 0.18 correlation, their price movements are largely independent. QINT charges 0.39%/yr vs 0.27%/yr for CATF.

Performance

QINT vs. CATF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Century Quality Diversified International ETF (QINT) and American Century California Municipal Bond ETF (CATF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QINT achieves a 8.57% return, which is significantly higher than CATF's 2.29% return.

QINT

• 1D: -1.85%
• 1M: -0.16%
• YTD: 8.57%
• 6M: 8.11%
• 1Y: 25.26%
• 3Y*: 20.37%
• 5Y*: 8.94%
• 10Y*: —

CATF

• 1D: -0.08%
• 1M: 1.47%
• YTD: 2.29%
• 6M: 2.24%
• 1Y: 7.60%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

QINT vs. CATF - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QINT American Century Quality Diversified International ETF	8.57%	38.12%	-3.52%
CATF American Century California Municipal Bond ETF	2.29%	3.78%	0.62%

Correlation

The correlation between QINT and CATF is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.28
Correlation (All Time) Calculated using the full available price history since Jul 18, 2024	0.18

Return for Risk

QINT vs. CATF — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

QINT

QINT Risk / Return Rank: 51
QINT Sharpe Ratio Rank: 51
QINT Sortino Ratio Rank: 52
QINT Omega Ratio Rank: 51
QINT Calmar Ratio Rank: 48
QINT Martin Ratio Rank: 55

CATF

CATF Risk / Return Rank: 77
CATF Sharpe Ratio Rank: 85
CATF Sortino Ratio Rank: 90
CATF Omega Ratio Rank: 90
CATF Calmar Ratio Rank: 61
CATF Martin Ratio Rank: 59

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

QINT vs. CATF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Century Quality Diversified International ETF (QINT) and American Century California Municipal Bond ETF (CATF). 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.

	QINT	CATF	Difference
Sharpe ratio: Return per unit of total volatility	1.65	2.49	-0.84
Sortino ratio: Return per unit of downside risk	2.35	3.78	-1.42
Omega ratio: Gain probability vs. loss probability	1.30	1.52	-0.22
Calmar ratio: Return relative to maximum drawdown	2.22	2.76	-0.54
Martin ratio: Return relative to average drawdown	8.95	9.61	-0.66

QINT vs. CATF - Sharpe Ratio Comparison

The current QINT Sharpe Ratio is 1.65, which is lower than the CATF Sharpe Ratio of 2.49. The chart below compares the historical Sharpe Ratios of QINT and CATF, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

QINT vs. CATF - Drawdown Comparison

The maximum QINT drawdown since its inception was -33.86%, which is greater than CATF's maximum drawdown of -4.83%. Use the drawdown chart below to compare losses from any high point for QINT and CATF.

Drawdown Indicators

	QINT	CATF	Difference
Max Drawdown Largest peak-to-trough decline	-33.86%	-4.83%	-29.03%
Max Drawdown (1Y) Largest decline over 1 year	-11.41%	-2.77%	-8.64%
Max Drawdown (3Y) Largest decline over 3 years	-13.56%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-33.86%	—	—
Current Drawdown Current decline from peak	-2.47%	-0.22%	-2.25%
Average Drawdown Average peak-to-trough decline	-7.50%	-1.24%	-6.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.83%	0.79%	+2.04%

Volatility

QINT vs. CATF - Volatility Comparison

American Century Quality Diversified International ETF (QINT) has a higher volatility of 5.26% compared to American Century California Municipal Bond ETF (CATF) at 0.80%. This indicates that QINT's price experiences larger fluctuations and is considered to be riskier than CATF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QINT	CATF	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.26%	0.80%	+4.46%
Volatility (6M) Calculated over the trailing 6-month period	13.09%	2.22%	+10.87%
Volatility (1Y) Calculated over the trailing 1-year period	15.42%	3.07%	+12.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.33%	4.28%	+12.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.08%	4.28%	+13.80%

QINT vs. CATF - Expense Ratio Comparison

QINT has a 0.39% expense ratio, which is higher than CATF's 0.27% expense ratio.

Dividends

QINT vs. CATF - Dividend Comparison

QINT's dividend yield for the trailing twelve months is around 3.81%, more than CATF's 3.49% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
CATF American Century California Municipal Bond ETF	3.49%	3.40%	1.32%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
QINT American Century Quality Diversified International ETF	3.81%	2.66%	3.49%	3.12%	3.56%	2.30%	1.61%	1.83%	0.42%

Frequently Asked Questions

Can I hold both QINT and CATF in my portfolio?

QINT and CATF have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QINT or CATF?

QINT has higher volatility (5.26%) compared to CATF (0.80%). In terms of maximum drawdown, QINT dropped -33.86% vs CATF's -4.83%.

Which ETF is better, QINT or CATF?

On 1-year performance, QINT leads with 25.26% vs 7.60% for CATF. On fees, CATF is cheaper at 0.27% per year. On volatility, CATF has been the lower-risk option at 0.80%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QINT or CATF?

Over the 1-year period, QINT has performed better with a 25.26% return vs 7.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QINT or CATF?

CATF is cheaper with a 0.27% expense ratio, compared with 0.39% for QINT.

Which ETF pays a higher dividend yield, QINT or CATF?

QINT has the higher dividend yield at 3.81%, compared with 3.49% for CATF.

What is the main difference between QINT and CATF?

QINT is categorized as Foreign Large Cap Equities, while CATF is Municipal Bonds. Their fees differ too: 0.39% for QINT and 0.27% for CATF.

Which has better risk-adjusted returns?

CATF currently has the higher Sharpe Ratio (2.49 vs 1.65), 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.