ARHVX vs. VINIX

Last updated Jun 4, 2026

ARHVX (American Century Investments One Choice 2065 Portfolio) and VINIX (Vanguard Institutional Index Fund Institutional Shares) are both mutual funds - ARHVX is a Target Retirement Date fund managed by American Century, while VINIX is a Large Cap Blend Equities fund managed by Vanguard. Over the past 5 years, ARHVX returned 7.45%/yr vs 14.40%/yr for VINIX. Their correlation of 0.95 suggests significant overlap in exposure. ARHVX charges 0.88%/yr vs 0.04%/yr for VINIX.

Performance

ARHVX vs. VINIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Century Investments One Choice 2065 Portfolio (ARHVX) and Vanguard Institutional Index Fund Institutional Shares (VINIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ARHVX achieves a 8.65% return, which is significantly lower than VINIX's 11.69% return.

ARHVX

• 1D: 0.13%
• 1M: 3.89%
• YTD: 8.65%
• 6M: 9.20%
• 1Y: 21.03%
• 3Y*: 15.33%
• 5Y*: 7.45%
• 10Y*: —

VINIX

• 1D: 0.13%
• 1M: 5.80%
• YTD: 11.69%
• 6M: 11.73%
• 1Y: 28.97%
• 3Y*: 23.15%
• 5Y*: 14.40%
• 10Y*: 15.72%

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

ARHVX vs. VINIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
ARHVX American Century Investments One Choice 2065 Portfolio	8.65%	16.10%	12.77%	16.25%	-17.77%	14.55%	8.37%
VINIX Vanguard Institutional Index Fund Institutional Shares	11.69%	17.85%	26.28%	25.77%	-18.15%	28.67%	6.65%

Correlation

The correlation between ARHVX and VINIX is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (All Time) Calculated using the full available price history since Oct 13, 2020	0.95

The correlation between ARHVX and VINIX has been stable across timeframes, ranging from 0.92 to 0.95 - a consistent structural relationship.

Return for Risk

ARHVX vs. VINIX — Risk / Return Rank

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

ARHVX

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

VINIX

VINIX Risk / Return Rank: 73
VINIX Sharpe Ratio Rank: 75
VINIX Sortino Ratio Rank: 67
VINIX Omega Ratio Rank: 67
VINIX Calmar Ratio Rank: 74
VINIX Martin Ratio Rank: 83

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.

ARHVX vs. VINIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Century Investments One Choice 2065 Portfolio (ARHVX) and Vanguard Institutional Index Fund Institutional Shares (VINIX). 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.

	ARHVX	VINIX	Difference
Sharpe ratio: Return per unit of total volatility	2.03	2.52	-0.49
Sortino ratio: Return per unit of downside risk	2.85	3.42	-0.57
Omega ratio: Gain probability vs. loss probability	1.37	1.46	-0.09
Calmar ratio: Return relative to maximum drawdown	2.43	3.35	-0.92
Martin ratio: Return relative to average drawdown	10.52	15.68	-5.16
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ARHVX vs. VINIX - Sharpe Ratio Comparison

The current ARHVX Sharpe Ratio is 2.03, which is comparable to the VINIX Sharpe Ratio of 2.52. The chart below compares the historical Sharpe Ratios of ARHVX and VINIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ARHVX	VINIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.03	2.52	-0.49
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.55	0.86	-0.31
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.87	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.72	0.61	+0.11

Drawdowns

ARHVX vs. VINIX - Drawdown Comparison

The maximum ARHVX drawdown since its inception was -26.03%, smaller than the maximum VINIX drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for ARHVX and VINIX.

Drawdown Indicators

	ARHVX	VINIX	Difference
Max Drawdown Largest peak-to-trough decline	-26.03%	-55.19%	+29.16%
Max Drawdown (1Y) Largest decline over 1 year	-8.80%	-8.90%	+0.10%
Max Drawdown (3Y) Largest decline over 3 years	-14.46%	-18.75%	+4.29%
Max Drawdown (5Y) Largest decline over 5 years	-26.03%	-24.51%	-1.52%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.79%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-6.16%	-8.53%	+2.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.03%	1.90%	+0.13%

Volatility

ARHVX vs. VINIX - Volatility Comparison

American Century Investments One Choice 2065 Portfolio (ARHVX) has a higher volatility of 3.04% compared to Vanguard Institutional Index Fund Institutional Shares (VINIX) at 2.83%. This indicates that ARHVX's price experiences larger fluctuations and is considered to be riskier than VINIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ARHVX	VINIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.04%	2.83%	+0.21%
Volatility (6M) Calculated over the trailing 6-month period	8.39%	8.98%	-0.59%
Volatility (1Y) Calculated over the trailing 1-year period	10.56%	11.86%	-1.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.66%	16.89%	-3.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.50%	18.06%	-4.56%

ARHVX vs. VINIX - Expense Ratio Comparison

ARHVX has a 0.88% expense ratio, which is higher than VINIX's 0.04% expense ratio.

Dividends

ARHVX vs. VINIX - Dividend Comparison

ARHVX's dividend yield for the trailing twelve months is around 5.53%, more than VINIX's 2.40% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ARHVX American Century Investments One Choice 2065 Portfolio	5.53%	6.00%	2.62%	1.69%	4.24%	4.27%	0.86%	0.00%	0.00%	0.00%	0.00%	0.00%
VINIX Vanguard Institutional Index Fund Institutional Shares	2.40%	2.10%	3.64%	2.65%	3.38%	4.77%	3.06%	2.85%	2.43%	1.82%	2.36%	2.45%

Frequently Asked Questions

Can I hold both ARHVX and VINIX in my portfolio?

With a correlation of 0.92, ARHVX and VINIX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, ARHVX or VINIX?

ARHVX has higher volatility (3.04%) compared to VINIX (2.83%). In terms of maximum drawdown, ARHVX dropped -26.03% vs VINIX's -55.19%.

Which has better risk-adjusted returns?

VINIX currently has the higher Sharpe Ratio (2.52 vs 2.03), 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.