ARDVX vs. TWEIX

Last updated Aug 2, 2026

ARDVX (American Century Investments One Choice 2040 Portfolio) and TWEIX (American Century Equity Income Fund) are both mutual funds - ARDVX is a Target Retirement Date fund managed by American Century, while TWEIX is a Dividend fund managed by American Century. Over the past 10 years, ARDVX returned 7.99%/yr vs 8.93%/yr for TWEIX. Their correlation of 0.86 means they have usually moved in the same direction. ARDVX charges 0.83%/yr vs 0.94%/yr for TWEIX.

Performance

ARDVX vs. TWEIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Century Investments One Choice 2040 Portfolio (ARDVX) 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, ARDVX achieves a 5.94% return, which is significantly lower than TWEIX's 13.18% return. Over the past 10 years, ARDVX has underperformed TWEIX with an annualized return of 7.99%, while TWEIX has yielded a comparatively higher 8.93% annualized return.

ARDVX

• 1D: 1.00%
• 1M: -0.21%
• 6M: 3.91%
• YTD: 5.94%
• 1Y: 12.56%
• 3Y*: 10.56%
• 5Y*: 4.97%
• 10Y*: 7.99%
• ALL TIME*: 6.80%

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)
ARDVX American Century Investments One Choice 2040 Portfolio	$0.00	$0.00	$0.00
TWEIX American Century Equity Income Fund	$0.00	$0.00	$0.00

ARDVX vs. TWEIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ARDVX American Century Investments One Choice 2040 Portfolio	5.94%	13.20%	9.54%	13.66%	-16.43%	11.45%	15.11%	21.29%	-3.80%	13.97%
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 ARDVX and TWEIX is 0.56, 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.	0.56
Correlation (3Y) Balances recent behavior with more history.	0.65
Correlation (5Y) Shows whether the relationship held over a longer period.	0.74
Correlation (10Y) Provides a long-term view across more market conditions.	0.80
Correlation (All Time) Calculated using the full available price history since May 30, 2008	0.86

Over the past year, the correlation between ARDVX and TWEIX has dropped to 0.56 - well below their long-term average of 0.86, suggesting their price drivers have been diverging.

Return for Risk

ARDVX vs. TWEIX — Risk / Return Rank

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

ARDVX

ARDVX Risk / Return Rank: 49
ARDVX Sharpe Ratio Rank: 51
ARDVX Sortino Ratio Rank: 51
ARDVX Omega Ratio Rank: 49
ARDVX Calmar Ratio Rank: 42
ARDVX Martin Ratio Rank: 52

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.

ARDVX vs. TWEIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Century Investments One Choice 2040 Portfolio (ARDVX) 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.

	ARDVX	TWEIX	Difference
Sharpe ratio: Return per unit of total volatility	1.41	2.11	-0.70
Sortino ratio: Return per unit of downside risk	2.03	3.22	-1.19
Omega ratio: Gain probability vs. loss probability	1.26	1.37	-0.11
Calmar ratio: Return relative to maximum drawdown	1.76	2.81	-1.05
Martin ratio: Return relative to average drawdown	7.42	9.29	-1.87

ARDVX vs. TWEIX - Sharpe Ratio Comparison

The current ARDVX Sharpe Ratio is 1.41, which is lower than the TWEIX Sharpe Ratio of 2.11. The chart below compares the historical Sharpe Ratios of ARDVX 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

ARDVX vs. TWEIX - Drawdown Comparison

The maximum ARDVX drawdown since its inception was -44.47%, which is greater than TWEIX's maximum drawdown of -39.30%. Use the drawdown chart below to compare losses from any high point for ARDVX and TWEIX.

Drawdown Indicators

	ARDVX	TWEIX	Difference
Max Drawdown Largest peak-to-trough decline	-44.47%	-39.30%	-5.17%
Max Drawdown (1Y) Largest decline over 1 year	-6.58%	-6.43%	-0.15%
Max Drawdown (3Y) Largest decline over 3 years	-11.40%	-10.16%	-1.24%
Max Drawdown (5Y) Largest decline over 5 years	-23.28%	-13.69%	-9.59%
Max Drawdown (10Y) Largest decline over 10 years	-25.99%	-32.82%	+6.83%
Current Drawdown Current decline from peak	-0.70%	-0.63%	-0.07%
Average Drawdown Average peak-to-trough decline	-5.78%	-4.14%	-1.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.56%	1.95%	-0.39%

Volatility

ARDVX vs. TWEIX - Volatility Comparison

The current volatility for American Century Investments One Choice 2040 Portfolio (ARDVX) is 2.11%, while American Century Equity Income Fund (TWEIX) has a volatility of 2.87%. This indicates that ARDVX 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

	ARDVX	TWEIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.11%	2.87%	-0.76%
Volatility (6M) Calculated over the trailing 6-month period	6.78%	6.59%	+0.19%
Volatility (1Y) Calculated over the trailing 1-year period	8.24%	8.59%	-0.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.89%	10.75%	+0.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.58%	13.32%	-1.74%

ARDVX vs. TWEIX - Expense Ratio Comparison

ARDVX has a 0.83% expense ratio, which is lower than TWEIX's 0.94% expense ratio.

Dividends

ARDVX vs. TWEIX - Dividend Comparison

ARDVX's dividend yield for the trailing twelve months is around 12.40%, more than TWEIX's 9.31% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ARDVX American Century Investments One Choice 2040 Portfolio	12.40%	13.14%	5.58%	2.29%	6.29%	8.20%	6.36%	8.42%	11.28%	1.38%	3.65%	6.75%
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 ARDVX and TWEIX in my portfolio?

ARDVX and TWEIX have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ARDVX or TWEIX?

TWEIX has higher volatility (2.87%) compared to ARDVX (2.11%). In terms of maximum drawdown, ARDVX dropped -44.47% vs TWEIX's -39.30%.

Which has better risk-adjusted returns?

TWEIX currently has the higher Sharpe Ratio (2.11 vs 1.41), 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.