AGBVX vs. TWEIX

Last updated Aug 2, 2026

AGBVX (American Century Global Bond Fund) and TWEIX (American Century Equity Income Fund) are both mutual funds - AGBVX is a Global Bonds fund managed by American Century, while TWEIX is a Dividend fund managed by American Century. Over the past 10 years, AGBVX returned 1.27%/yr vs 8.93%/yr for TWEIX. Their 0.05 correlation means their historical movements had little consistent relationship. AGBVX charges 0.80%/yr vs 0.94%/yr for TWEIX.

Performance

AGBVX vs. TWEIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Century Global Bond Fund (AGBVX) and American Century Equity Income Fund (TWEIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AGBVX achieves a 0.42% return, which is significantly lower than TWEIX's 13.18% return. Over the past 10 years, AGBVX has underperformed TWEIX with an annualized return of 1.27%, while TWEIX has yielded a comparatively higher 8.93% annualized return.

AGBVX

• 1D: 0.00%
• 1M: -0.81%
• 6M: -0.04%
• YTD: 0.42%
• 1Y: 2.27%
• 3Y*: 3.83%
• 5Y*: -0.24%
• 10Y*: 1.27%
• ALL TIME*: 1.81%

TWEIX

• 1D: 0.00%
• 1M: 2.27%
• 6M: 8.81%
• YTD: 13.18%
• 1Y: 19.64%
• 3Y*: 11.66%
• 5Y*: 7.98%
• 10Y*: 8.93%
• ALL TIME*: 10.15%

*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)
AGBVX American Century Global Bond Fund	$0.00	$0.00	$0.00
TWEIX American Century Equity Income Fund	$0.00	$0.00	$0.00

AGBVX vs. TWEIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AGBVX American Century Global Bond Fund	0.42%	4.86%	2.26%	6.58%	-12.84%	-1.24%	4.58%	8.41%	-0.33%	3.74%
TWEIX American Century Equity Income Fund	13.18%	11.84%	10.51%	3.92%	-3.06%	16.83%	1.10%	24.14%	-3.77%	13.35%

Correlation

The correlation between AGBVX and TWEIX is 0.28, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.28
Correlation (3Y) Balances recent behavior with more history.	0.27
Correlation (5Y) Shows whether the relationship held over a longer period.	0.20
Correlation (10Y) Provides a long-term view across more market conditions.	0.08
Correlation (All Time) Calculated using the full available price history since Jan 2, 2013	0.05

Over the past year, AGBVX and TWEIX have become more correlated (0.28) than their long-term average of 0.05, meaning their price movements have been converging.

Return for Risk

AGBVX vs. TWEIX — Risk / Return Rank

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

AGBVX

AGBVX Risk / Return Rank: 24
AGBVX Sharpe Ratio Rank: 27
AGBVX Sortino Ratio Rank: 26
AGBVX Omega Ratio Rank: 27
AGBVX Calmar Ratio Rank: 20
AGBVX Martin Ratio Rank: 22

TWEIX

TWEIX Risk / Return Rank: 83
TWEIX Sharpe Ratio Rank: 87
TWEIX Sortino Ratio Rank: 88
TWEIX Omega Ratio Rank: 81
TWEIX Calmar Ratio Rank: 84
TWEIX Martin Ratio Rank: 78

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.

AGBVX vs. TWEIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Century Global Bond Fund (AGBVX) and American Century Equity Income Fund (TWEIX). 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.

	AGBVX	TWEIX	Difference
Sharpe ratio: Return per unit of total volatility	0.94	2.11	-1.17
Sortino ratio: Return per unit of downside risk	1.36	3.22	-1.85
Omega ratio: Gain probability vs. loss probability	1.17	1.37	-0.20
Calmar ratio: Return relative to maximum drawdown	1.01	2.81	-1.80
Martin ratio: Return relative to average drawdown	3.27	9.29	-6.01

AGBVX vs. TWEIX - Sharpe Ratio Comparison

The current AGBVX Sharpe Ratio is 0.94, which is lower than the TWEIX Sharpe Ratio of 2.11. The chart below compares the historical Sharpe Ratios of AGBVX and TWEIX, 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

AGBVX vs. TWEIX - Drawdown Comparison

The maximum AGBVX drawdown since its inception was -16.32%, smaller than the maximum TWEIX drawdown of -39.30%. Use the drawdown chart below to compare losses from any high point for AGBVX and TWEIX.

Drawdown Indicators

	AGBVX	TWEIX	Difference
Max Drawdown Largest peak-to-trough decline	-16.32%	-39.30%	+22.98%
Max Drawdown (1Y) Largest decline over 1 year	-2.71%	-6.43%	+3.72%
Max Drawdown (3Y) Largest decline over 3 years	-4.00%	-10.16%	+6.16%
Max Drawdown (5Y) Largest decline over 5 years	-16.32%	-13.69%	-2.63%
Max Drawdown (10Y) Largest decline over 10 years	-16.32%	-32.82%	+16.50%
Current Drawdown Current decline from peak	-1.40%	-0.63%	-0.77%
Average Drawdown Average peak-to-trough decline	-3.30%	-4.14%	+0.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.84%	1.95%	-1.11%

Volatility

AGBVX vs. TWEIX - Volatility Comparison

The current volatility for American Century Global Bond Fund (AGBVX) is 0.73%, while American Century Equity Income Fund (TWEIX) has a volatility of 2.87%. This indicates that AGBVX experiences smaller price fluctuations and is considered to be less risky than TWEIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AGBVX	TWEIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.73%	2.87%	-2.14%
Volatility (6M) Calculated over the trailing 6-month period	2.44%	6.59%	-4.15%
Volatility (1Y) Calculated over the trailing 1-year period	2.93%	8.59%	-5.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.42%	10.75%	-6.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.72%	13.32%	-9.60%

AGBVX vs. TWEIX - Expense Ratio Comparison

AGBVX has a 0.80% expense ratio, which is lower than TWEIX's 0.94% expense ratio.

Dividends

AGBVX vs. TWEIX - Dividend Comparison

AGBVX's dividend yield for the trailing twelve months is around 4.98%, less than TWEIX's 9.31% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AGBVX American Century Global Bond Fund	4.98%	4.68%	2.71%	1.88%	7.39%	2.15%	0.90%	1.72%	6.01%	1.91%	1.43%	0.44%
TWEIX American Century Equity Income Fund	9.31%	10.35%	11.51%	8.02%	8.76%	6.83%	2.00%	7.38%	8.79%	11.95%	7.88%	10.49%

Frequently Asked Questions

Can I hold both AGBVX and TWEIX in my portfolio?

AGBVX and TWEIX have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AGBVX or TWEIX?

TWEIX has higher volatility (2.87%) compared to AGBVX (0.73%). In terms of maximum drawdown, AGBVX dropped -16.32% vs TWEIX's -39.30%.

Which has better risk-adjusted returns?

TWEIX currently has the higher Sharpe Ratio (2.11 vs 0.94), 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.