Asset Comparison and Correlation
|S&P 500 vs American Century HighYield Mun|
Assuming 30 trading days horizon, S&P 500 is expected to generate 6.44 times more return on investment than American. However, SP 500 is 6.44 times more volatile than American Century HighYield Muni Inv. It trades about 0.34 of its potential returns per unit of risk. American Century HighYield Muni Inv is currently generating about -0.11 per unit of risk. If you would invest 159,361 in S&P 500 on April 26, 2013 and sell it today you would earn a total of 5,599 from holding S&P 500 or generate 3.51% return on investment over 30 days.
Match-ups for SP 500
Over the last 30 days American Century HighYield Muni Inv has generated negative risk-adjusted returns adding no value to investors with long positions.
Match-ups for American