AROIX vs. TWHIX
AROIX (American Century Investments One Choice 2045 Portfolio) and TWHIX (American Century Heritage Fund) are both mutual funds - AROIX is a Target Retirement Date fund managed by American Century, while TWHIX is a Mid Cap Growth Equities fund managed by American Century. Over the past 10 years, AROIX returned 8.60%/yr vs 11.27%/yr for TWHIX. Their correlation of 0.90 means they have usually moved in the same direction. AROIX charges 0.86%/yr vs 1.00%/yr for TWHIX.
Performance
AROIX vs. TWHIX - Performance Comparison
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Returns By Period
In the year-to-date period, AROIX achieves a 6.55% return, which is significantly higher than TWHIX's 3.13% return. Over the past 10 years, AROIX has underperformed TWHIX with an annualized return of 8.60%, while TWHIX has yielded a comparatively higher 11.27% annualized return.
AROIX
- 1D
- 1.18%
- 1M
- -0.26%
- 6M
- 4.31%
- YTD
- 6.55%
- 1Y
- 13.81%
- 3Y*
- 11.34%
- 5Y*
- 5.43%
- 10Y*
- 8.60%
- ALL TIME*
- 7.88%
TWHIX
- 1D
- 2.10%
- 1M
- -3.99%
- 6M
- 3.23%
- YTD
- 3.13%
- 1Y
- 0.36%
- 3Y*
- 11.89%
- 5Y*
- 3.31%
- 10Y*
- 11.27%
- ALL TIME*
- 10.98%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
AROIX vs. TWHIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AROIX American Century Investments One Choice 2045 Portfolio | 6.55% | 14.11% | 10.43% | 14.33% | -17.05% | 12.30% | 16.40% | 22.68% | -4.65% | 15.45% |
TWHIX American Century Heritage Fund | 3.13% | 6.53% | 24.66% | 20.64% | -28.13% | 11.52% | 42.61% | 35.50% | -5.08% | 21.83% |
Correlation
The correlation between AROIX and TWHIX is 0.85, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.85 |
Correlation (3Y) Balances recent behavior with more history. | 0.85 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.88 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.88 |
Correlation (All Time) Calculated using the full available price history since Sep 1, 2004 | 0.90 |
The correlation between AROIX and TWHIX has been stable across timeframes, ranging from 0.85 to 0.90 - a consistent structural relationship.
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Return for Risk
AROIX vs. TWHIX — Risk / Return Rank
AROIX
TWHIX
AROIX vs. TWHIX - 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 Heritage Fund (TWHIX). 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.
| AROIX | TWHIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.49 | ||
| Sortino ratioReturn per unit of downside risk | +2.02 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.00 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 1.75 | -0.13 | +1.87 |
| Martin ratioReturn relative to average drawdown | 7.37 | -0.36 | +7.72 |
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Drawdowns
AROIX vs. TWHIX - Drawdown Comparison
The maximum AROIX drawdown since its inception was -48.96%, smaller than the maximum TWHIX drawdown of -56.98%. Use the drawdown chart below to compare losses from any high point for AROIX and TWHIX.
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Drawdown Indicators
| AROIX | TWHIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.96% | -56.98% | +8.02% |
Max Drawdown (1Y)Largest decline over 1 year | -7.27% | -15.82% | +8.55% |
Max Drawdown (3Y)Largest decline over 3 years | -11.85% | -26.30% | +14.45% |
Max Drawdown (5Y)Largest decline over 5 years | -24.34% | -40.34% | +16.00% |
Max Drawdown (10Y)Largest decline over 10 years | -27.72% | -40.34% | +12.62% |
Current DrawdownCurrent decline from peak | -0.84% | -5.18% | +4.34% |
Average DrawdownAverage peak-to-trough decline | -6.17% | -12.21% | +6.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.72% | 5.57% | -3.85% |
Volatility
AROIX vs. TWHIX - Volatility Comparison
The current volatility for American Century Investments One Choice 2045 Portfolio (AROIX) is 2.35%, while American Century Heritage Fund (TWHIX) has a volatility of 4.82%. This indicates that AROIX experiences smaller price fluctuations and is considered to be less risky than TWHIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AROIX | TWHIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.35% | 4.82% | -2.47% |
Volatility (6M)Calculated over the trailing 6-month period | 7.59% | 14.77% | -7.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.19% | 18.53% | -9.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.72% | 23.41% | -11.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.56% | 22.85% | -10.29% |
AROIX vs. TWHIX - Expense Ratio Comparison
AROIX has a 0.86% expense ratio, which is lower than TWHIX's 1.00% expense ratio.
Dividends
AROIX vs. TWHIX - Dividend Comparison
AROIX's dividend yield for the trailing twelve months is around 11.41%, less than TWHIX's 21.47% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AROIX American Century Investments One Choice 2045 Portfolio | 11.41% | 12.16% | 4.90% | 2.20% | 5.83% | 7.55% | 6.26% | 9.02% | 11.33% | 1.59% | 4.04% | 8.02% |
TWHIX American Century Heritage Fund | 21.47% | 22.14% | 15.58% | 0.78% | 0.98% | 12.00% | 13.72% | 11.32% | 25.33% | 9.38% | 8.71% | 0.00% |
Frequently Asked Questions
AROIX and TWHIX have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TWHIX has higher volatility (4.82%) compared to AROIX (2.35%). In terms of maximum drawdown, AROIX dropped -48.96% vs TWHIX's -56.98%.
AROIX currently has the higher Sharpe Ratio (1.39 vs -0.11), 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.
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