TWGGX vs. VEU
TWGGX (American Century Focused Global Growth Fund) and VEU (Vanguard FTSE All-World ex-US ETF) are both funds - TWGGX is a Global Equities fund managed by American Century, while VEU is a Foreign Large Cap Equities fund tracking the FTSE All-World ex US Index. Over the past 10 years, TWGGX returned 11.66%/yr vs 9.88%/yr for VEU. Their correlation of 0.88 suggests significant overlap in exposure. TWGGX charges 1.10%/yr vs 0.04%/yr for VEU.
Performance
TWGGX vs. VEU - Performance Comparison
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Returns By Period
In the year-to-date period, TWGGX achieves a 5.89% return, which is significantly lower than VEU's 14.77% return. Over the past 10 years, TWGGX has outperformed VEU with an annualized return of 11.66%, while VEU has yielded a comparatively lower 9.88% annualized return.
TWGGX
- 1D
- -0.58%
- 1M
- 4.15%
- YTD
- 5.89%
- 6M
- 5.79%
- 1Y
- 12.10%
- 3Y*
- 14.46%
- 5Y*
- 5.61%
- 10Y*
- 11.66%
VEU
- 1D
- 0.15%
- 1M
- 3.74%
- YTD
- 14.77%
- 6M
- 17.23%
- 1Y
- 31.73%
- 3Y*
- 19.86%
- 5Y*
- 8.71%
- 10Y*
- 9.88%
TWGGX vs. VEU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TWGGX American Century Focused Global Growth Fund | 5.89% | 16.50% | 13.99% | 18.49% | -22.76% | 13.83% | 27.88% | 36.20% | -6.32% | 27.49% |
VEU Vanguard FTSE All-World ex-US ETF | 14.77% | 32.35% | 5.56% | 15.84% | -15.58% | 8.27% | 11.10% | 21.83% | -14.18% | 27.40% |
Correlation
The correlation between TWGGX and VEU is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Mar 9, 2007 | 0.88 |
The correlation between TWGGX and VEU has been stable across timeframes, ranging from 0.80 to 0.88 - a consistent structural relationship.
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Return for Risk
TWGGX vs. VEU — Risk / Return Rank
TWGGX
VEU
TWGGX vs. VEU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Century Focused Global Growth Fund (TWGGX) and Vanguard FTSE All-World ex-US ETF (VEU). 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.
| TWGGX | VEU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.23 | ||
| Sortino ratioReturn per unit of downside risk | -1.59 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.38 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 0.89 | 2.79 | -1.90 |
| Martin ratioReturn relative to average drawdown | 3.66 | 10.84 | -7.18 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TWGGX | VEU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.86 | 2.09 | -1.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.31 | 0.54 | -0.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.63 | 0.58 | +0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.25 | +0.23 |
Drawdowns
TWGGX vs. VEU - Drawdown Comparison
The maximum TWGGX drawdown since its inception was -58.08%, smaller than the maximum VEU drawdown of -61.52%. Use the drawdown chart below to compare losses from any high point for TWGGX and VEU.
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Drawdown Indicators
| TWGGX | VEU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.08% | -61.52% | +3.44% |
Max Drawdown (1Y)Largest decline over 1 year | -14.04% | -11.43% | -2.61% |
Max Drawdown (3Y)Largest decline over 3 years | -17.80% | -13.69% | -4.11% |
Max Drawdown (5Y)Largest decline over 5 years | -31.23% | -29.31% | -1.92% |
Max Drawdown (10Y)Largest decline over 10 years | -32.06% | -34.98% | +2.92% |
Current DrawdownCurrent decline from peak | -0.58% | -0.82% | +0.24% |
Average DrawdownAverage peak-to-trough decline | -15.05% | -13.13% | -1.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.40% | 2.93% | +0.47% |
Volatility
TWGGX vs. VEU - Volatility Comparison
The current volatility for American Century Focused Global Growth Fund (TWGGX) is 4.43%, while Vanguard FTSE All-World ex-US ETF (VEU) has a volatility of 5.45%. This indicates that TWGGX experiences smaller price fluctuations and is considered to be less risky than VEU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TWGGX | VEU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.43% | 5.45% | -1.02% |
Volatility (6M)Calculated over the trailing 6-month period | 11.83% | 13.04% | -1.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.51% | 15.28% | -0.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.31% | 16.06% | +2.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.70% | 17.20% | +1.50% |
TWGGX vs. VEU - Expense Ratio Comparison
TWGGX has a 1.10% expense ratio, which is higher than VEU's 0.04% expense ratio.
Dividends
TWGGX vs. VEU - Dividend Comparison
TWGGX's dividend yield for the trailing twelve months is around 8.52%, more than VEU's 2.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TWGGX American Century Focused Global Growth Fund | 8.52% | 9.02% | 14.90% | 3.81% | 12.67% | 13.16% | 11.05% | 17.27% | 11.31% | 12.90% | 0.58% | 8.61% |
VEU Vanguard FTSE All-World ex-US ETF | 2.60% | 3.09% | 3.24% | 3.32% | 3.12% | 3.08% | 2.00% | 3.10% | 3.27% | 2.66% | 2.96% | 2.95% |
Frequently Asked Questions
TWGGX and VEU have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VEU has higher volatility (5.45%) compared to TWGGX (4.43%). In terms of maximum drawdown, TWGGX dropped -58.08% vs VEU's -61.52%.
VEU currently has the higher Sharpe Ratio (2.09 vs 0.86), 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.
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