ACFOX vs. TWHIX

Last updated Aug 4, 2026

ACFOX (American Century Investments Focused Dynamic Growth Fund) and TWHIX (American Century Heritage Fund) are both mutual funds - ACFOX is a Large Cap Growth Equities fund managed by American Century, while TWHIX is a Mid Cap Growth Equities fund managed by American Century. Over the past 10 years, ACFOX returned 17.66%/yr vs 11.38%/yr for TWHIX. Their correlation of 0.88 means they have usually moved in the same direction. ACFOX charges 0.85%/yr vs 1.00%/yr for TWHIX.

Performance

ACFOX vs. TWHIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Century Investments Focused Dynamic Growth Fund (ACFOX) and American Century Heritage Fund (TWHIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ACFOX achieves a -0.75% return, which is significantly lower than TWHIX's 2.89% return. Over the past 10 years, ACFOX has outperformed TWHIX with an annualized return of 17.66%, while TWHIX has yielded a comparatively lower 11.38% annualized return.

ACFOX

• 1D: 2.72%
• 1M: -4.43%
• 6M: 0.01%
• YTD: -0.75%
• 1Y: 13.02%
• 3Y*: 21.13%
• 5Y*: 7.41%
• 10Y*: 17.66%
• ALL TIME*: 12.04%

TWHIX

• 1D: -0.23%
• 1M: -4.21%
• 6M: 2.25%
• YTD: 2.89%
• 1Y: 0.13%
• 3Y*: 11.82%
• 5Y*: 3.26%
• 10Y*: 11.38%
• ALL TIME*: 10.97%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ACFOX American Century Investments Focused Dynamic Growth Fund	$0.00	$0.00	$0.00
TWHIX American Century Heritage Fund	$0.00	$0.00	$0.00

ACFOX vs. TWHIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ACFOX American Century Investments Focused Dynamic Growth Fund	-0.75%	20.51%	43.30%	35.66%	-36.32%	7.08%	73.31%	32.30%	6.51%	34.55%
TWHIX American Century Heritage Fund	2.89%	6.53%	24.66%	20.64%	-28.13%	11.52%	42.61%	35.50%	-5.08%	21.83%

Correlation

The correlation between ACFOX and TWHIX is 0.75, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.75
Correlation (3Y) Balances recent behavior with more history.	0.79
Correlation (5Y) Shows whether the relationship held over a longer period.	0.87
Correlation (10Y) Provides a long-term view across more market conditions.	0.87
Correlation (All Time) Calculated using the full available price history since May 31, 2006	0.88

The correlation between ACFOX and TWHIX shifts across timeframes, from 0.75 (1 year) to 0.88 (all time), reflecting how their relationship changes across market environments.

Return for Risk

ACFOX vs. TWHIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

ACFOX

ACFOX Risk / Return Rank: 12
ACFOX Sharpe Ratio Rank: 12
ACFOX Sortino Ratio Rank: 12
ACFOX Omega Ratio Rank: 12
ACFOX Calmar Ratio Rank: 12
ACFOX Martin Ratio Rank: 13

TWHIX

TWHIX Risk / Return Rank: 3
TWHIX Sharpe Ratio Rank: 3
TWHIX Sortino Ratio Rank: 4
TWHIX Omega Ratio Rank: 3
TWHIX Calmar Ratio Rank: 3
TWHIX Martin Ratio Rank: 3

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

ACFOX vs. TWHIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Century Investments Focused Dynamic Growth Fund (ACFOX) and American Century Heritage Fund (TWHIX). 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.

	ACFOX	TWHIX	Difference
Sharpe ratio: Return per unit of total volatility	0.50	-0.08	+0.58
Sortino ratio: Return per unit of downside risk	0.82	0.02	+0.80
Omega ratio: Gain probability vs. loss probability	1.10	1.00	+0.10
Calmar ratio: Return relative to maximum drawdown	0.65	-0.10	+0.74
Martin ratio: Return relative to average drawdown	1.89	-0.27	+2.16

ACFOX vs. TWHIX - Sharpe Ratio Comparison

The current ACFOX Sharpe Ratio is 0.50, which is higher than the TWHIX Sharpe Ratio of -0.08. The chart below compares the historical Sharpe Ratios of ACFOX and TWHIX, 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

ACFOX vs. TWHIX - Drawdown Comparison

The maximum ACFOX drawdown since its inception was -58.92%, roughly equal to the maximum TWHIX drawdown of -56.98%. Use the drawdown chart below to compare losses from any high point for ACFOX and TWHIX.

Drawdown Indicators

	ACFOX	TWHIX	Difference
Max Drawdown Largest peak-to-trough decline	-58.92%	-56.98%	-1.94%
Max Drawdown (1Y) Largest decline over 1 year	-16.52%	-15.82%	-0.70%
Max Drawdown (3Y) Largest decline over 3 years	-27.03%	-26.30%	-0.73%
Max Drawdown (5Y) Largest decline over 5 years	-43.77%	-40.34%	-3.43%
Max Drawdown (10Y) Largest decline over 10 years	-43.77%	-40.34%	-3.43%
Current Drawdown Current decline from peak	-10.14%	-5.40%	-4.74%
Average Drawdown Average peak-to-trough decline	-14.65%	-12.21%	-2.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.64%	5.56%	+0.08%

Volatility

ACFOX vs. TWHIX - Volatility Comparison

American Century Investments Focused Dynamic Growth Fund (ACFOX) has a higher volatility of 7.15% compared to American Century Heritage Fund (TWHIX) at 4.81%. This indicates that ACFOX's price experiences larger fluctuations and is considered to be riskier than TWHIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ACFOX	TWHIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.15%	4.81%	+2.34%
Volatility (6M) Calculated over the trailing 6-month period	17.40%	14.77%	+2.63%
Volatility (1Y) Calculated over the trailing 1-year period	21.33%	18.52%	+2.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.67%	23.40%	+2.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.97%	22.85%	+1.12%

ACFOX vs. TWHIX - Expense Ratio Comparison

ACFOX has a 0.85% expense ratio, which is lower than TWHIX's 1.00% expense ratio.

Dividends

ACFOX vs. TWHIX - Dividend Comparison

ACFOX's dividend yield for the trailing twelve months is around 7.61%, less than TWHIX's 21.52% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ACFOX American Century Investments Focused Dynamic Growth Fund	7.61%	7.56%	0.00%	0.00%	0.00%	2.48%	0.62%	0.00%	0.00%	0.00%	1.15%	1.33%
TWHIX American Century Heritage Fund	21.52%	22.14%	15.58%	0.78%	0.98%	12.00%	13.72%	11.32%	25.33%	9.38%	8.71%	0.00%

Frequently Asked Questions

Can I hold both ACFOX and TWHIX in my portfolio?

ACFOX and TWHIX have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ACFOX or TWHIX?

ACFOX has higher volatility (7.15%) compared to TWHIX (4.81%). In terms of maximum drawdown, ACFOX dropped -58.92% vs TWHIX's -56.98%.

Which has better risk-adjusted returns?

ACFOX currently has the higher Sharpe Ratio (0.50 vs -0.08), 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.