REACX vs. BULIX

Last updated Jun 23, 2026

REACX (American Century Real Estate Fund) and BULIX (American Century Utilities Fund) are both mutual funds - REACX is a REIT fund managed by American Century, while BULIX is a Utilities Equities fund managed by American Century. Over the past 10 years, REACX returned 5.40%/yr vs 6.89%/yr for BULIX. A 0.57 correlation means they provide meaningful diversification when combined. REACX charges 1.14%/yr vs 0.65%/yr for BULIX.

Performance

REACX vs. BULIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Century Real Estate Fund (REACX) and American Century Utilities Fund (BULIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, REACX achieves a 10.90% return, which is significantly higher than BULIX's 6.60% return. Over the past 10 years, REACX has underperformed BULIX with an annualized return of 5.40%, while BULIX has yielded a comparatively higher 6.89% annualized return.

REACX

• 1D: 0.11%
• 1M: -1.75%
• YTD: 10.90%
• 6M: 11.03%
• 1Y: 11.08%
• 3Y*: 9.61%
• 5Y*: 3.55%
• 10Y*: 5.40%

BULIX

• 1D: 0.73%
• 1M: -1.00%
• YTD: 6.60%
• 6M: 7.19%
• 1Y: 15.10%
• 3Y*: 14.71%
• 5Y*: 9.09%
• 10Y*: 6.89%

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

REACX vs. BULIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
REACX American Century Real Estate Fund	10.90%	0.81%	7.63%	10.97%	-24.64%	41.52%	-8.31%	30.73%	-4.18%	5.09%
BULIX American Century Utilities Fund	6.60%	16.76%	24.32%	-7.51%	-4.37%	13.77%	-2.38%	19.94%	1.82%	0.59%

Correlation

The correlation between REACX and BULIX is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.52
Correlation (3Y) Calculated over the trailing 3-year period	0.57
Correlation (5Y) Calculated over the trailing 5-year period	0.66
Correlation (10Y) Calculated over the trailing 10-year period	0.64
Correlation (All Time) Calculated using the full available price history since Jan 2, 1996	0.57

The correlation between REACX and BULIX shifts across timeframes, from 0.52 (1 year) to 0.66 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

REACX vs. BULIX — Risk / Return Rank

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

REACX

REACX Risk / Return Rank: 13
REACX Sharpe Ratio Rank: 11
REACX Sortino Ratio Rank: 10
REACX Omega Ratio Rank: 10
REACX Calmar Ratio Rank: 18
REACX Martin Ratio Rank: 18

BULIX

BULIX Risk / Return Rank: 18
BULIX Sharpe Ratio Rank: 17
BULIX Sortino Ratio Rank: 16
BULIX Omega Ratio Rank: 16
BULIX Calmar Ratio Rank: 24
BULIX Martin Ratio Rank: 15

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.

REACX vs. BULIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Century Real Estate Fund (REACX) and American Century Utilities Fund (BULIX). 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.

	REACX	BULIX	Difference
Sharpe ratio: Return per unit of total volatility	0.81	1.10	-0.29
Sortino ratio: Return per unit of downside risk	1.17	1.54	-0.37
Omega ratio: Gain probability vs. loss probability	1.15	1.19	-0.04
Calmar ratio: Return relative to maximum drawdown	1.42	1.72	-0.30
Martin ratio: Return relative to average drawdown	4.30	3.95	+0.34

REACX vs. BULIX - Sharpe Ratio Comparison

The current REACX Sharpe Ratio is 0.81, which is comparable to the BULIX Sharpe Ratio of 1.10. The chart below compares the historical Sharpe Ratios of REACX and BULIX, 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

REACX vs. BULIX - Drawdown Comparison

The maximum REACX drawdown since its inception was -75.80%, which is greater than BULIX's maximum drawdown of -55.21%. Use the drawdown chart below to compare losses from any high point for REACX and BULIX.

Drawdown Indicators

	REACX	BULIX	Difference
Max Drawdown Largest peak-to-trough decline	-75.80%	-55.21%	-20.59%
Max Drawdown (1Y) Largest decline over 1 year	-7.72%	-8.93%	+1.21%
Max Drawdown (3Y) Largest decline over 3 years	-17.16%	-16.54%	-0.62%
Max Drawdown (5Y) Largest decline over 5 years	-32.15%	-24.56%	-7.59%
Max Drawdown (10Y) Largest decline over 10 years	-41.88%	-33.86%	-8.02%
Current Drawdown Current decline from peak	-2.89%	-5.42%	+2.53%
Average Drawdown Average peak-to-trough decline	-12.57%	-10.02%	-2.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.55%	3.88%	-1.33%

Volatility

REACX vs. BULIX - Volatility Comparison

American Century Real Estate Fund (REACX) and American Century Utilities Fund (BULIX) have volatilities of 5.10% and 5.08%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	REACX	BULIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.10%	5.08%	+0.02%
Volatility (6M) Calculated over the trailing 6-month period	10.00%	11.16%	-1.16%
Volatility (1Y) Calculated over the trailing 1-year period	13.48%	13.97%	-0.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.50%	16.71%	+1.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.52%	18.06%	+2.46%

REACX vs. BULIX - Expense Ratio Comparison

REACX has a 1.14% expense ratio, which is higher than BULIX's 0.65% expense ratio.

Dividends

REACX vs. BULIX - Dividend Comparison

REACX's dividend yield for the trailing twelve months is around 2.29%, less than BULIX's 11.16% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BULIX American Century Utilities Fund	11.16%	11.60%	2.36%	2.65%	7.78%	7.50%	7.55%	2.97%	6.91%	7.70%	6.99%	5.87%
REACX American Century Real Estate Fund	2.29%	2.15%	1.89%	2.28%	11.26%	11.49%	1.71%	8.71%	8.73%	4.66%	11.80%	2.51%

Frequently Asked Questions

Can I hold both REACX and BULIX in my portfolio?

REACX and BULIX have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, REACX or BULIX?

REACX has higher volatility (5.10%) compared to BULIX (5.08%). In terms of maximum drawdown, REACX dropped -75.80% vs BULIX's -55.21%.

Which has better risk-adjusted returns?

BULIX currently has the higher Sharpe Ratio (1.10 vs 0.81), 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.