AOCIX vs. CONWX

Last updated Jul 12, 2026

AOCIX (American Century Investments One Choice Portfolio: Conservative) and CONWX (Concorde Wealth Management Fund) are both Diversified Portfolio funds. Over the past 10 years, AOCIX returned 6.03%/yr vs 8.00%/yr for CONWX. A 0.76 correlation means they provide meaningful diversification when combined. AOCIX charges 0.00%/yr vs 1.41%/yr for CONWX.

Performance

AOCIX vs. CONWX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Century Investments One Choice Portfolio: Conservative (AOCIX) and Concorde Wealth Management Fund (CONWX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AOCIX achieves a 4.35% return, which is significantly lower than CONWX's 5.99% return. Over the past 10 years, AOCIX has underperformed CONWX with an annualized return of 6.03%, while CONWX has yielded a comparatively higher 8.00% annualized return.

AOCIX

• 1D: 0.35%
• 1M: 0.64%
• 6M: 3.23%
• YTD: 4.35%
• 1Y: 9.25%
• 3Y*: 9.11%
• 5Y*: 3.74%
• 10Y*: 6.03%

CONWX

• 1D: -0.20%
• 1M: -0.73%
• 6M: 3.83%
• YTD: 5.99%
• 1Y: 13.73%
• 3Y*: 11.51%
• 5Y*: 6.28%
• 10Y*: 8.00%

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

AOCIX vs. CONWX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AOCIX American Century Investments One Choice Portfolio: Conservative	4.35%	10.20%	7.42%	10.53%	-14.05%	9.03%	12.83%	16.06%	-3.25%	9.89%
CONWX Concorde Wealth Management Fund	5.99%	11.95%	13.58%	0.20%	-2.51%	19.73%	8.76%	16.84%	-1.95%	7.17%

Correlation

The correlation between AOCIX and CONWX is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.44
Correlation (3Y) Calculated over the trailing 3-year period	0.61
Correlation (5Y) Calculated over the trailing 5-year period	0.70
Correlation (10Y) Calculated over the trailing 10-year period	0.75
Correlation (All Time) Calculated using the full available price history since Jan 5, 2016	0.76

Over the past year, the correlation between AOCIX and CONWX has dropped to 0.44 - well below their long-term average of 0.76, suggesting their price drivers have been diverging.

Return for Risk

AOCIX vs. CONWX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AOCIX

AOCIX Risk / Return Rank: 42
AOCIX Sharpe Ratio Rank: 44
AOCIX Sortino Ratio Rank: 43
AOCIX Omega Ratio Rank: 43
AOCIX Calmar Ratio Rank: 34
AOCIX Martin Ratio Rank: 44

CONWX

CONWX Risk / Return Rank: 73
CONWX Sharpe Ratio Rank: 77
CONWX Sortino Ratio Rank: 78
CONWX Omega Ratio Rank: 73
CONWX Calmar Ratio Rank: 85
CONWX Martin Ratio Rank: 51

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AOCIX vs. CONWX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Century Investments One Choice Portfolio: Conservative (AOCIX) and Concorde Wealth Management Fund (CONWX). 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.

	AOCIX	CONWX	Difference
Sharpe ratio: Return per unit of total volatility	1.47	2.00	-0.53
Sortino ratio: Return per unit of downside risk	2.11	2.90	-0.79
Omega ratio: Gain probability vs. loss probability	1.27	1.36	-0.09
Calmar ratio: Return relative to maximum drawdown	1.74	3.21	-1.46
Martin ratio: Return relative to average drawdown	7.47	8.35	-0.88

AOCIX vs. CONWX - Sharpe Ratio Comparison

The current AOCIX Sharpe Ratio is 1.47, which is comparable to the CONWX Sharpe Ratio of 2.00. The chart below compares the historical Sharpe Ratios of AOCIX and CONWX, 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

AOCIX vs. CONWX - Drawdown Comparison

The maximum AOCIX drawdown since its inception was -26.87%, roughly equal to the maximum CONWX drawdown of -26.09%. Use the drawdown chart below to compare losses from any high point for AOCIX and CONWX.

Drawdown Indicators

	AOCIX	CONWX	Difference
Max Drawdown Largest peak-to-trough decline	-26.87%	-26.09%	-0.78%
Max Drawdown (1Y) Largest decline over 1 year	-5.10%	-4.44%	-0.66%
Max Drawdown (3Y) Largest decline over 3 years	-7.31%	-9.86%	+2.55%
Max Drawdown (5Y) Largest decline over 5 years	-19.71%	-12.49%	-7.22%
Max Drawdown (10Y) Largest decline over 10 years	-19.71%	-26.09%	+6.38%
Current Drawdown Current decline from peak	-0.42%	-4.01%	+3.59%
Average Drawdown Average peak-to-trough decline	-3.18%	-2.79%	-0.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.19%	1.70%	-0.51%

Volatility

AOCIX vs. CONWX - Volatility Comparison

American Century Investments One Choice Portfolio: Conservative (AOCIX) and Concorde Wealth Management Fund (CONWX) have volatilities of 1.88% and 1.95%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AOCIX	CONWX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.88%	1.95%	-0.07%
Volatility (6M) Calculated over the trailing 6-month period	4.96%	5.32%	-0.36%
Volatility (1Y) Calculated over the trailing 1-year period	6.08%	7.11%	-1.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.85%	10.18%	-2.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.04%	10.99%	-2.95%

AOCIX vs. CONWX - Expense Ratio Comparison

AOCIX has a 0.00% expense ratio, which is lower than CONWX's 1.41% expense ratio.

Dividends

AOCIX vs. CONWX - Dividend Comparison

AOCIX's dividend yield for the trailing twelve months is around 4.88%, more than CONWX's 3.48% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AOCIX American Century Investments One Choice Portfolio: Conservative	4.88%	5.12%	2.79%	2.50%	9.63%	8.19%	5.25%	4.87%	7.07%	2.05%	2.93%	5.97%
CONWX Concorde Wealth Management Fund	3.48%	3.69%	10.55%	2.16%	7.85%	3.63%	3.86%	2.16%	5.09%	2.48%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AOCIX and CONWX in my portfolio?

AOCIX and CONWX have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AOCIX or CONWX?

CONWX has higher volatility (1.95%) compared to AOCIX (1.88%). In terms of maximum drawdown, AOCIX dropped -26.87% vs CONWX's -26.09%.

Which has better risk-adjusted returns?

CONWX currently has the higher Sharpe Ratio (2.00 vs 1.47), 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.