AFEIX vs. TWHIX
AFEIX (American Century Large Cap Equity Fund Institutional Class) and TWHIX (American Century Heritage Fund) are both mutual funds - AFEIX is a Large Cap Blend Equities fund actively managed by American Century, while TWHIX is a Mid Cap Growth Equities fund managed by American Century. Over the past 10 years, AFEIX returned 13.99%/yr vs 11.27%/yr for TWHIX. Their correlation of 0.88 means they have usually moved in the same direction. AFEIX charges 0.59%/yr vs 1.00%/yr for TWHIX.
Performance
AFEIX vs. TWHIX - Performance Comparison
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Returns By Period
In the year-to-date period, AFEIX achieves a 6.87% return, which is significantly higher than TWHIX's 3.13% return. Over the past 10 years, AFEIX has outperformed TWHIX with an annualized return of 13.99%, while TWHIX has yielded a comparatively lower 11.27% annualized return.
AFEIX
- 1D
- 1.93%
- 1M
- -0.64%
- 6M
- 5.68%
- YTD
- 6.87%
- 1Y
- 16.01%
- 3Y*
- 14.21%
- 5Y*
- 9.40%
- 10Y*
- 13.99%
- ALL TIME*
- 11.04%
TWHIX
- 1D
- 2.10%
- 1M
- -3.99%
- 6M
- 3.23%
- YTD
- 3.13%
- 1Y
- 0.36%
- 3Y*
- 11.89%
- 5Y*
- 3.31%
- 10Y*
- 11.27%
- ALL TIME*
- 10.98%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
AFEIX vs. TWHIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AFEIX American Century Large Cap Equity Fund Institutional Class | 6.87% | 11.41% | 19.80% | 24.47% | -19.36% | 28.92% | 19.54% | 34.04% | -4.19% | 26.04% |
TWHIX American Century Heritage Fund | 3.13% | 6.53% | 24.66% | 20.64% | -28.13% | 11.52% | 42.61% | 35.50% | -5.08% | 21.83% |
Correlation
The correlation between AFEIX and TWHIX is 0.82, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.82 |
Correlation (3Y) Balances recent behavior with more history. | 0.85 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.88 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.87 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2006 | 0.88 |
The correlation between AFEIX and TWHIX has been stable across timeframes, ranging from 0.82 to 0.88 - a consistent structural relationship.
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Return for Risk
AFEIX vs. TWHIX — Risk / Return Rank
AFEIX
TWHIX
AFEIX vs. TWHIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Century Large Cap Equity Fund Institutional Class (AFEIX) 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.
| AFEIX | TWHIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.15 | ||
| Sortino ratioReturn per unit of downside risk | +1.51 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.00 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.35 | -0.13 | +1.48 |
| Martin ratioReturn relative to average drawdown | 5.81 | -0.36 | +6.17 |
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Drawdowns
AFEIX vs. TWHIX - Drawdown Comparison
The maximum AFEIX drawdown since its inception was -52.69%, smaller than the maximum TWHIX drawdown of -56.98%. Use the drawdown chart below to compare losses from any high point for AFEIX and TWHIX.
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Drawdown Indicators
| AFEIX | TWHIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.69% | -56.98% | +4.29% |
Max Drawdown (1Y)Largest decline over 1 year | -10.13% | -15.82% | +5.69% |
Max Drawdown (3Y)Largest decline over 3 years | -20.51% | -26.30% | +5.79% |
Max Drawdown (5Y)Largest decline over 5 years | -26.42% | -40.34% | +13.92% |
Max Drawdown (10Y)Largest decline over 10 years | -34.33% | -40.34% | +6.01% |
Current DrawdownCurrent decline from peak | -1.84% | -5.18% | +3.34% |
Average DrawdownAverage peak-to-trough decline | -7.48% | -12.21% | +4.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.35% | 5.57% | -3.22% |
Volatility
AFEIX vs. TWHIX - Volatility Comparison
The current volatility for American Century Large Cap Equity Fund Institutional Class (AFEIX) is 3.64%, while American Century Heritage Fund (TWHIX) has a volatility of 4.82%. This indicates that AFEIX experiences smaller price fluctuations and is considered to be less risky than TWHIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AFEIX | TWHIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.64% | 4.82% | -1.18% |
Volatility (6M)Calculated over the trailing 6-month period | 10.42% | 14.77% | -4.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.18% | 18.53% | -5.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.47% | 23.41% | -5.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.62% | 22.85% | -4.23% |
AFEIX vs. TWHIX - Expense Ratio Comparison
AFEIX has a 0.59% expense ratio, which is lower than TWHIX's 1.00% expense ratio.
Dividends
AFEIX vs. TWHIX - Dividend Comparison
AFEIX's dividend yield for the trailing twelve months is around 21.88%, more than TWHIX's 21.47% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AFEIX American Century Large Cap Equity Fund Institutional Class | 21.88% | 23.38% | 6.88% | 1.97% | 0.83% | 2.58% | 0.60% | 0.80% | 9.11% | 3.14% | 1.38% | 1.28% |
TWHIX American Century Heritage Fund | 21.47% | 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
AFEIX and TWHIX have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TWHIX has higher volatility (4.82%) compared to AFEIX (3.64%). In terms of maximum drawdown, AFEIX dropped -52.69% vs TWHIX's -56.98%.
AFEIX currently has the higher Sharpe Ratio (1.04 vs -0.11), 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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