AROIX vs. BULIX

Last updated Jun 4, 2026

AROIX (American Century Investments One Choice 2045 Portfolio) and BULIX (American Century Utilities Fund) are both mutual funds - AROIX is a Target Retirement Date fund managed by American Century, while BULIX is a Utilities Equities fund managed by American Century. Over the past 10 years, AROIX returned 8.92%/yr vs 6.86%/yr for BULIX. A 0.64 correlation means they provide meaningful diversification when combined. AROIX charges 0.86%/yr vs 0.65%/yr for BULIX.

Performance

AROIX vs. BULIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Century Investments One Choice 2045 Portfolio (AROIX) and American Century Utilities Fund (BULIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AROIX achieves a 6.84% return, which is significantly higher than BULIX's 4.40% return. Over the past 10 years, AROIX has outperformed BULIX with an annualized return of 8.92%, while BULIX has yielded a comparatively lower 6.86% annualized return.

AROIX

• 1D: 0.16%
• 1M: 3.05%
• YTD: 6.84%
• 6M: 7.25%
• 1Y: 17.46%
• 3Y*: 12.97%
• 5Y*: 5.99%
• 10Y*: 8.92%

BULIX

• 1D: 1.70%
• 1M: -5.06%
• YTD: 4.40%
• 6M: 2.91%
• 1Y: 10.79%
• 3Y*: 15.11%
• 5Y*: 8.21%
• 10Y*: 6.86%

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

AROIX vs. BULIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AROIX American Century Investments One Choice 2045 Portfolio	6.84%	14.11%	10.43%	14.33%	-17.05%	12.30%	16.40%	22.68%	-4.65%	15.45%
BULIX American Century Utilities Fund	4.40%	16.76%	24.32%	-7.51%	-4.37%	13.77%	-2.38%	19.94%	1.82%	0.59%

Correlation

The correlation between AROIX and BULIX is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.28
Correlation (3Y) Calculated over the trailing 3-year period	0.40
Correlation (5Y) Calculated over the trailing 5-year period	0.48
Correlation (10Y) Calculated over the trailing 10-year period	0.47
Correlation (All Time) Calculated using the full available price history since Sep 2, 2004	0.64

Over the past year, the correlation between AROIX and BULIX has dropped to 0.28 - well below their long-term average of 0.64, suggesting their price drivers have been diverging.

Return for Risk

AROIX vs. BULIX — Risk / Return Rank

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

AROIX

AROIX Risk / Return Rank: 47
AROIX Sharpe Ratio Rank: 48
AROIX Sortino Ratio Rank: 48
AROIX Omega Ratio Rank: 49
AROIX Calmar Ratio Rank: 41
AROIX Martin Ratio Rank: 51

BULIX

BULIX Risk / Return Rank: 11
BULIX Sharpe Ratio Rank: 10
BULIX Sortino Ratio Rank: 9
BULIX Omega Ratio Rank: 10
BULIX Calmar Ratio Rank: 13
BULIX Martin Ratio Rank: 10

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.

AROIX vs. BULIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Century Investments One Choice 2045 Portfolio (AROIX) and American Century Utilities Fund (BULIX). 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.

	AROIX	BULIX	Difference
Sharpe ratio: Return per unit of total volatility	2.05	0.81	+1.24
Sortino ratio: Return per unit of downside risk	2.93	1.17	+1.76
Omega ratio: Gain probability vs. loss probability	1.38	1.15	+0.24
Calmar ratio: Return relative to maximum drawdown	2.44	1.26	+1.18
Martin ratio: Return relative to average drawdown	10.51	3.11	+7.41
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AROIX vs. BULIX - Sharpe Ratio Comparison

The current AROIX Sharpe Ratio is 2.05, which is higher than the BULIX Sharpe Ratio of 0.81. The chart below compares the historical Sharpe Ratios of AROIX and BULIX, 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

	AROIX	BULIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.05	0.81	+1.24
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.52	0.49	+0.02
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.71	0.38	+0.33
Sharpe Ratio (All Time) Calculated using the full available price history	0.54	0.45	+0.09

Drawdowns

AROIX vs. BULIX - Drawdown Comparison

The maximum AROIX drawdown since its inception was -48.96%, smaller than the maximum BULIX drawdown of -55.21%. Use the drawdown chart below to compare losses from any high point for AROIX and BULIX.

Drawdown Indicators

	AROIX	BULIX	Difference
Max Drawdown Largest peak-to-trough decline	-48.96%	-55.21%	+6.25%
Max Drawdown (1Y) Largest decline over 1 year	-7.27%	-8.93%	+1.66%
Max Drawdown (3Y) Largest decline over 3 years	-11.85%	-16.54%	+4.69%
Max Drawdown (5Y) Largest decline over 5 years	-24.34%	-24.56%	+0.22%
Max Drawdown (10Y) Largest decline over 10 years	-27.72%	-33.86%	+6.14%
Current Drawdown Current decline from peak	0.00%	-7.38%	+7.38%
Average Drawdown Average peak-to-trough decline	-6.21%	-10.03%	+3.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.68%	3.61%	-1.93%

Volatility

AROIX vs. BULIX - Volatility Comparison

The current volatility for American Century Investments One Choice 2045 Portfolio (AROIX) is 2.58%, while American Century Utilities Fund (BULIX) has a volatility of 5.15%. This indicates that AROIX experiences smaller price fluctuations and is considered to be less risky than BULIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AROIX	BULIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.58%	5.15%	-2.57%
Volatility (6M) Calculated over the trailing 6-month period	6.92%	11.14%	-4.22%
Volatility (1Y) Calculated over the trailing 1-year period	8.66%	13.85%	-5.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.65%	16.71%	-5.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.63%	18.05%	-5.42%

AROIX vs. BULIX - Expense Ratio Comparison

AROIX has a 0.86% expense ratio, which is higher than BULIX's 0.65% expense ratio.

Dividends

AROIX vs. BULIX - Dividend Comparison

AROIX's dividend yield for the trailing twelve months is around 11.38%, more than BULIX's 10.93% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AROIX American Century Investments One Choice 2045 Portfolio	11.38%	12.16%	4.90%	2.20%	5.83%	7.55%	6.26%	9.02%	11.33%	1.59%	4.04%	8.02%
BULIX American Century Utilities Fund	10.93%	11.60%	2.36%	2.65%	7.78%	7.50%	7.55%	2.97%	6.91%	7.70%	6.99%	5.87%

Frequently Asked Questions

Can I hold both AROIX and BULIX in my portfolio?

AROIX and BULIX have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AROIX or BULIX?

BULIX has higher volatility (5.15%) compared to AROIX (2.58%). In terms of maximum drawdown, AROIX dropped -48.96% vs BULIX's -55.21%.

Which has better risk-adjusted returns?

AROIX currently has the higher Sharpe Ratio (2.05 vs 0.81), 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.