American Century California Municipal Bond ETF (CATF) Performance
CATF total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −0.5% since Dec 31, 2025
- 1 year
- −0.1% total return
- Since first price
- +4.0% since 2024
CATF trailing returns vs AGG, TLT, SPY
| Period | CATF total return | Price only | U.S. bonds (AGG) | 20+ yr Treasuries (TLT) | S&P 500 (SPY) |
|---|---|---|---|---|---|
| 1 month | +1.4% | +1.1% | +0.9% | +1.5% | −1.0% |
| 3 months | −0.7% | −1.5% | −0.4% | −1.0% | +3.2% |
| 6 months | −1.9% | −3.6% | −1.5% | −3.8% | +7.8% |
| YTD | −0.5% | −3.1% | −1.0% | −3.4% | +12.3% |
| 1 year | −0.1% | −3.6% | −1.1% | −6.9% | +14.4% |
| Since inceptionJul 18, 2024 | +4.0% | −3.4% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: CATF vs AGG
From Jul 18, 2024: CATF grew to $10,396, AGG to $10,668.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
CATF returns by calendar year
1 of 1 full years positive. Best 2025 (+3.8%), worst 2025 (+3.8%). 2026 is year to date.
CATF annual returns table
| Year | CATF | Largest drop | AGG | TLT | SPY |
|---|---|---|---|---|---|
| 2026YTD | −0.5% | −6.3% | −1.0% | −3.4% | +12.3% |
| 2025 | +3.8% | −4.7% | +7.2% | +4.3% | +17.7% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
CATF largest drawdowns
Now 2.9% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 27, 2026 | −6.3% | Sep 29, 2026 | not yet | 7 months | 8 months so far |
Declines from a closing high (distributions reinvested) of 5% or more. Underwater = time from the peak until the old high was regained.
CATF risk statistics
| Statistic | Since 2024 |
|---|---|
| Annualized return | +0.4% |
| Volatility (annualized) | 5.0% |
| Sharpe ratio | -0.71 |
| Sortino ratio | -0.80 |
| Best month | +2.5% |
| Worst month | −3.9% |
| Best 12 months | +7.5% |
| Worst 12 months | −1.7% |
| Positive months | 62% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
CATF rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 16 | −1.7% | +4.1% | +7.5% | 75% |
Every holding period starting at a month-end since 2024. Returns for 3 years and longer are annualized.
CATF performance overview
American Century California Municipal Bond ETF (CATF) returned −0.1% over the past year, with distributions reinvested. Since its first recorded price on Jul 18, 2024 it has returned +4.0%. Over the same year U.S. bonds (AGG) returned −1.1%.
The deepest decline was −6.3%, from Feb 27, 2026 to Sep 29, 2026; the fund has not yet regained that high. Volatility has been 5.0% a year.
Related: CATF chart, CATF dividends, CATF bond profile. See the CATF overview for the latest quote and fund facts.
CATF performance FAQ
What is the CATF return over the past year?
CATF returned −0.1% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 3.6%.
How much would $10,000 invested in CATF be worth?
$10,000 invested in CATF at its first recorded close on July 18, 2024 would be worth about $10,396 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of CATF?
The largest peak-to-trough decline was −6.3% between February 27, 2026 and September 29, 2026. It has not yet recovered to that high; it is 2.9% below its peak.
How volatile is CATF?
Over the past history CATF had an annualized volatility of 5.0% and a Sharpe ratio of -0.71 (excess return over 1–3 month T-bills per unit of risk).