AREVX vs. ACIIX

Last updated Jun 21, 2026

AREVX (American Century Investments One Choice 2055 Portfolio) and ACIIX (American Century Equity Income Fund Class I) are both mutual funds - AREVX is a Target Retirement Date fund managed by American Century, while ACIIX is a Large Cap Value Equities fund managed by American Century. Over the past 10 years, AREVX returned 10.12%/yr vs 8.93%/yr for ACIIX. Their correlation of 0.85 suggests significant overlap in exposure. AREVX charges 0.88%/yr vs 0.72%/yr for ACIIX.

Performance

AREVX vs. ACIIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Century Investments One Choice 2055 Portfolio (AREVX) and American Century Equity Income Fund Class I (ACIIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AREVX achieves a 7.80% return, which is significantly higher than ACIIX's 7.40% return. Over the past 10 years, AREVX has outperformed ACIIX with an annualized return of 10.12%, while ACIIX has yielded a comparatively lower 8.93% annualized return.

AREVX

• 1D: 0.82%
• 1M: 1.15%
• YTD: 7.80%
• 6M: 7.54%
• 1Y: 19.64%
• 3Y*: 13.63%
• 5Y*: 7.07%
• 10Y*: 10.12%

ACIIX

• 1D: -0.11%
• 1M: -0.07%
• YTD: 7.40%
• 6M: 6.90%
• 1Y: 16.79%
• 3Y*: 10.55%
• 5Y*: 7.82%
• 10Y*: 8.93%

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

AREVX vs. ACIIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AREVX American Century Investments One Choice 2055 Portfolio	7.80%	15.53%	12.13%	15.78%	-17.66%	13.86%	17.90%	24.49%	-5.65%	18.57%
ACIIX American Century Equity Income Fund Class I	7.40%	12.05%	10.58%	4.25%	-2.96%	17.16%	1.19%	24.50%	-3.53%	13.69%

Correlation

The correlation between AREVX and ACIIX is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.63
Correlation (3Y) Calculated over the trailing 3-year period	0.67
Correlation (5Y) Calculated over the trailing 5-year period	0.75
Correlation (10Y) Calculated over the trailing 10-year period	0.80
Correlation (All Time) Calculated using the full available price history since Mar 31, 2011	0.85

Over the past year, the correlation between AREVX and ACIIX has dropped to 0.63 - well below their long-term average of 0.85, suggesting their price drivers have been diverging.

Return for Risk

AREVX vs. ACIIX — Risk / Return Rank

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

AREVX

AREVX Risk / Return Rank: 47
AREVX Sharpe Ratio Rank: 48
AREVX Sortino Ratio Rank: 46
AREVX Omega Ratio Rank: 47
AREVX Calmar Ratio Rank: 43
AREVX Martin Ratio Rank: 53

ACIIX

ACIIX Risk / Return Rank: 52
ACIIX Sharpe Ratio Rank: 54
ACIIX Sortino Ratio Rank: 62
ACIIX Omega Ratio Rank: 49
ACIIX Calmar Ratio Rank: 53
ACIIX Martin Ratio Rank: 43

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.

AREVX vs. ACIIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Century Investments One Choice 2055 Portfolio (AREVX) and American Century Equity Income Fund Class I (ACIIX). 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.

	AREVX	ACIIX	Difference
Sharpe ratio: Return per unit of total volatility	1.85	2.00	-0.15
Sortino ratio: Return per unit of downside risk	2.60	3.01	-0.41
Omega ratio: Gain probability vs. loss probability	1.34	1.35	-0.01
Calmar ratio: Return relative to maximum drawdown	2.34	2.67	-0.32
Martin ratio: Return relative to average drawdown	9.98	8.69	+1.29

AREVX vs. ACIIX - Sharpe Ratio Comparison

The current AREVX Sharpe Ratio is 1.85, which is comparable to the ACIIX Sharpe Ratio of 2.00. The chart below compares the historical Sharpe Ratios of AREVX and ACIIX, 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

AREVX vs. ACIIX - Drawdown Comparison

The maximum AREVX drawdown since its inception was -30.16%, smaller than the maximum ACIIX drawdown of -39.16%. Use the drawdown chart below to compare losses from any high point for AREVX and ACIIX.

Drawdown Indicators

	AREVX	ACIIX	Difference
Max Drawdown Largest peak-to-trough decline	-30.16%	-39.16%	+9.00%
Max Drawdown (1Y) Largest decline over 1 year	-8.28%	-6.38%	-1.90%
Max Drawdown (3Y) Largest decline over 3 years	-13.59%	-10.15%	-3.44%
Max Drawdown (5Y) Largest decline over 5 years	-25.65%	-13.49%	-12.16%
Max Drawdown (10Y) Largest decline over 10 years	-30.16%	-32.76%	+2.60%
Current Drawdown Current decline from peak	-0.38%	-1.44%	+1.06%
Average Drawdown Average peak-to-trough decline	-4.31%	-5.24%	+0.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.94%	1.95%	-0.01%

Volatility

AREVX vs. ACIIX - Volatility Comparison

American Century Investments One Choice 2055 Portfolio (AREVX) has a higher volatility of 3.87% compared to American Century Equity Income Fund Class I (ACIIX) at 2.57%. This indicates that AREVX's price experiences larger fluctuations and is considered to be riskier than ACIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AREVX	ACIIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.87%	2.57%	+1.30%
Volatility (6M) Calculated over the trailing 6-month period	8.61%	6.22%	+2.39%
Volatility (1Y) Calculated over the trailing 1-year period	10.48%	8.50%	+1.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.27%	10.77%	+2.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.20%	13.39%	+0.81%

AREVX vs. ACIIX - Expense Ratio Comparison

AREVX has a 0.88% expense ratio, which is higher than ACIIX's 0.72% expense ratio.

Dividends

AREVX vs. ACIIX - Dividend Comparison

AREVX's dividend yield for the trailing twelve months is around 12.25%, more than ACIIX's 10.86% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ACIIX American Century Equity Income Fund Class I	10.86%	10.55%	11.71%	8.21%	8.96%	7.02%	2.18%	7.57%	9.05%	12.14%	8.08%	10.72%
AREVX American Century Investments One Choice 2055 Portfolio	12.25%	13.20%	4.07%	1.55%	6.15%	7.51%	5.18%	7.65%	9.58%	2.28%	3.29%	5.20%

Frequently Asked Questions

Can I hold both AREVX and ACIIX in my portfolio?

AREVX and ACIIX have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AREVX or ACIIX?

AREVX has higher volatility (3.87%) compared to ACIIX (2.57%). In terms of maximum drawdown, AREVX dropped -30.16% vs ACIIX's -39.16%.

Which has better risk-adjusted returns?

ACIIX currently has the higher Sharpe Ratio (2.00 vs 1.85), 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.