ARHVX vs. ACIIX

Last updated Aug 2, 2026

ARHVX (American Century Investments One Choice 2065 Portfolio) and ACIIX (American Century Equity Income Fund Class I) are both mutual funds - ARHVX is a Target Retirement Date fund managed by American Century, while ACIIX is a Dividend fund managed by American Century. Over the past 5 years, ARHVX returned 6.81%/yr vs 8.20%/yr for ACIIX. Their 0.74 correlation means they have sometimes moved together and sometimes differently. ARHVX charges 0.88%/yr vs 0.72%/yr for ACIIX.

Performance

ARHVX vs. ACIIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Century Investments One Choice 2065 Portfolio (ARHVX) 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, ARHVX achieves a 8.21% return, which is significantly lower than ACIIX's 13.38% return.

ARHVX

• 1D: 1.57%
• 1M: -0.27%
• 6M: 5.38%
• YTD: 8.21%
• 1Y: 16.89%
• 3Y*: 13.25%
• 5Y*: 6.81%
• 10Y*: —
• ALL TIME*: 9.38%

ACIIX

• 1D: 0.00%
• 1M: 2.27%
• 6M: 9.01%
• YTD: 13.38%
• 1Y: 19.83%
• 3Y*: 11.90%
• 5Y*: 8.20%
• 10Y*: 9.16%
• ALL TIME*: 7.77%

*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)
ACIIX American Century Equity Income Fund Class I	$0.00	$0.00	$0.00
ARHVX American Century Investments One Choice 2065 Portfolio	$0.00	$0.00	$0.00

ARHVX vs. ACIIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
ARHVX American Century Investments One Choice 2065 Portfolio	8.21%	16.10%	12.77%	16.25%	-17.77%	14.55%	8.37%
ACIIX American Century Equity Income Fund Class I	13.38%	12.05%	10.58%	4.25%	-2.96%	17.16%	6.88%

Correlation

The correlation between ARHVX and ACIIX is 0.54, 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.	0.54
Correlation (3Y) Balances recent behavior with more history.	0.64
Correlation (5Y) Shows whether the relationship held over a longer period.	0.74
Correlation (All Time) Calculated using the full available price history since Oct 12, 2020	0.74

Over the past year, the correlation between ARHVX and ACIIX has dropped to 0.54 - well below their long-term average of 0.74, suggesting their price drivers have been diverging.

Return for Risk

ARHVX vs. ACIIX — Risk / Return Rank

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

ARHVX

ARHVX Risk / Return Rank: 46
ARHVX Sharpe Ratio Rank: 47
ARHVX Sortino Ratio Rank: 46
ARHVX Omega Ratio Rank: 45
ARHVX Calmar Ratio Rank: 41
ARHVX Martin Ratio Rank: 51

ACIIX

ACIIX Risk / Return Rank: 84
ACIIX Sharpe Ratio Rank: 87
ACIIX Sortino Ratio Rank: 88
ACIIX Omega Ratio Rank: 82
ACIIX Calmar Ratio Rank: 85
ACIIX Martin Ratio Rank: 79

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.

ARHVX vs. ACIIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Century Investments One Choice 2065 Portfolio (ARHVX) 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.

	ARHVX	ACIIX	Difference
Sharpe ratio: Return per unit of total volatility	1.35	2.13	-0.78
Sortino ratio: Return per unit of downside risk	1.93	3.23	-1.30
Omega ratio: Gain probability vs. loss probability	1.25	1.38	-0.13
Calmar ratio: Return relative to maximum drawdown	1.73	2.87	-1.13
Martin ratio: Return relative to average drawdown	7.31	9.45	-2.13

ARHVX vs. ACIIX - Sharpe Ratio Comparison

The current ARHVX Sharpe Ratio is 1.35, which is lower than the ACIIX Sharpe Ratio of 2.13. The chart below compares the historical Sharpe Ratios of ARHVX 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

ARHVX vs. ACIIX - Drawdown Comparison

The maximum ARHVX drawdown since its inception was -26.03%, smaller than the maximum ACIIX drawdown of -39.16%. Use the drawdown chart below to compare losses from any high point for ARHVX and ACIIX.

Drawdown Indicators

	ARHVX	ACIIX	Difference
Max Drawdown Largest peak-to-trough decline	-26.03%	-39.16%	+13.13%
Max Drawdown (1Y) Largest decline over 1 year	-8.80%	-6.38%	-2.42%
Max Drawdown (3Y) Largest decline over 3 years	-14.46%	-10.15%	-4.31%
Max Drawdown (5Y) Largest decline over 5 years	-26.03%	-13.49%	-12.54%
Max Drawdown (10Y) Largest decline over 10 years	—	-32.76%	—
Current Drawdown Current decline from peak	-1.00%	-0.63%	-0.37%
Average Drawdown Average peak-to-trough decline	-6.02%	-5.22%	-0.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.08%	1.93%	+0.15%

Volatility

ARHVX vs. ACIIX - Volatility Comparison

American Century Investments One Choice 2065 Portfolio (ARHVX) and American Century Equity Income Fund Class I (ACIIX) have volatilities of 3.01% and 2.92%, 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

	ARHVX	ACIIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.01%	2.92%	+0.09%
Volatility (6M) Calculated over the trailing 6-month period	9.30%	6.54%	+2.76%
Volatility (1Y) Calculated over the trailing 1-year period	11.30%	8.61%	+2.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.75%	10.78%	+2.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.48%	13.34%	+0.14%

ARHVX vs. ACIIX - Expense Ratio Comparison

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

Dividends

ARHVX vs. ACIIX - Dividend Comparison

ARHVX's dividend yield for the trailing twelve months is around 5.55%, less than ACIIX's 9.48% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ACIIX American Century Equity Income Fund Class I	9.48%	10.55%	11.71%	8.21%	8.96%	7.02%	2.18%	7.57%	9.05%	12.14%	8.08%	10.72%
ARHVX American Century Investments One Choice 2065 Portfolio	5.55%	6.00%	2.62%	1.69%	4.24%	4.27%	0.86%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ARHVX and ACIIX in my portfolio?

ARHVX and ACIIX have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ARHVX or ACIIX?

ARHVX has higher volatility (3.01%) compared to ACIIX (2.92%). In terms of maximum drawdown, ARHVX dropped -26.03% vs ACIIX's -39.16%.

Which has better risk-adjusted returns?

ACIIX currently has the higher Sharpe Ratio (2.13 vs 1.35), 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.