TAIAX vs. BCHYX
Compare and contrast key facts about American Funds Tax-Aware Conservative Growth and Income Portfolio (TAIAX) and American Century California High Yield Municipal Fund (BCHYX).
TAIAX is managed by American Funds. It was launched on May 17, 2012. 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: TAIAX or BCHYX.
Key characteristics
| TAIAX | BCHYX | |
|---|---|---|
| YTD Return | 12.13% | 3.83% |
| 1Y Return | 21.39% | 11.08% |
| 3Y Return (Ann) | 4.77% | -0.83% |
| 5Y Return (Ann) | 7.02% | 1.28% |
| 10Y Return (Ann) | 6.68% | 3.01% |
| Sharpe Ratio | 3.69 | 2.76 |
| Sortino Ratio | 5.50 | 4.22 |
| Omega Ratio | 1.74 | 1.67 |
| Calmar Ratio | 2.82 | 0.87 |
| Martin Ratio | 27.20 | 13.64 |
| Ulcer Index | 0.77% | 0.81% |
| Daily Std Dev | 5.70% | 4.01% |
| Max Drawdown | -21.42% | -17.63% |
| Current Drawdown | -0.42% | -3.03% |
Correlation
The correlation between TAIAX and BCHYX is 0.06, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
TAIAX vs. BCHYX - Performance Comparison
In the year-to-date period, TAIAX achieves a 12.13% return, which is significantly higher than BCHYX's 3.83% return. Over the past 10 years, TAIAX has outperformed BCHYX with an annualized return of 6.68%, while BCHYX has yielded a comparatively lower 3.01% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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TAIAX vs. BCHYX - Expense Ratio Comparison
TAIAX has a 0.34% expense ratio, which is lower than BCHYX's 0.49% expense ratio.
Risk-Adjusted Performance
TAIAX vs. BCHYX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds Tax-Aware Conservative Growth and Income Portfolio (TAIAX) 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
TAIAX vs. BCHYX - Dividend Comparison
TAIAX's dividend yield for the trailing twelve months is around 2.20%, less than BCHYX's 3.75% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TAIAX American Funds Tax-Aware Conservative Growth and Income Portfolio | 2.20% | 2.45% | 2.34% | 1.86% | 2.11% | 2.33% | 2.66% | 2.40% | 2.64% | 2.69% | 3.64% | 2.71% |
BCHYX American Century California High Yield Municipal Fund | 3.75% | 3.67% | 3.43% | 2.94% | 3.07% | 3.24% | 3.50% | 3.48% | 3.61% | 3.70% | 3.87% | 4.23% |
Drawdowns
TAIAX vs. BCHYX - Drawdown Comparison
The maximum TAIAX drawdown since its inception was -21.42%, which is greater than BCHYX's maximum drawdown of -17.63%. Use the drawdown chart below to compare losses from any high point for TAIAX and BCHYX. For additional features, visit the drawdowns tool.
Volatility
TAIAX vs. BCHYX - Volatility Comparison
The current volatility for American Funds Tax-Aware Conservative Growth and Income Portfolio (TAIAX) is 1.58%, while American Century California High Yield Municipal Fund (BCHYX) has a volatility of 1.96%. This indicates that TAIAX 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.