CFVLX vs. ACIIX

Last updated Apr 1, 2026

Compare and contrast key facts about Commerce Value Fund (CFVLX) and American Century Equity Income Fund Class I (ACIIX).

CFVLX is managed by Commerce. It was launched on Mar 3, 1997. ACIIX is managed by American Century. It was launched on Jul 8, 1998.

Performance

CFVLX vs. ACIIX - Performance Comparison

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

CFVLX vs. ACIIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CFVLX Commerce Value Fund	1.44%	12.08%	11.28%	3.22%	-2.93%	24.74%	0.85%	24.03%	-3.22%	12.94%
ACIIX American Century Equity Income Fund Class I	2.73%	12.05%	10.58%	4.25%	-2.96%	17.16%	1.19%	24.50%	-3.53%	13.69%

Returns By Period

In the year-to-date period, CFVLX achieves a 1.44% return, which is significantly lower than ACIIX's 2.73% return. Over the past 10 years, CFVLX has outperformed ACIIX with an annualized return of 9.43%, while ACIIX has yielded a comparatively lower 8.89% annualized return.

CFVLX

• 1D: -0.46%
• 1M: -7.31%
• YTD: 1.44%
• 6M: 2.57%
• 1Y: 11.58%
• 3Y*: 10.21%
• 5Y*: 7.28%
• 10Y*: 9.43%

ACIIX

• 1D: 0.00%
• 1M: -5.73%
• YTD: 2.73%
• 6M: 4.62%
• 1Y: 9.92%
• 3Y*: 9.70%
• 5Y*: 7.47%
• 10Y*: 8.89%

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

CFVLX vs. ACIIX - Expense Ratio Comparison

CFVLX has a 0.67% expense ratio, which is lower than ACIIX's 0.72% expense ratio.

ACIIX

American Century Equity Income Fund Class I

CFVLX

Commerce Value Fund

Return for Risk

CFVLX vs. ACIIX — Risk / Return Rank

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

CFVLX

CFVLX Risk / Return Rank: 46
CFVLX Sharpe Ratio Rank: 46
CFVLX Sortino Ratio Rank: 46
CFVLX Omega Ratio Rank: 48
CFVLX Calmar Ratio Rank: 43
CFVLX Martin Ratio Rank: 46

ACIIX

ACIIX Risk / Return Rank: 45
ACIIX Sharpe Ratio Rank: 48
ACIIX Sortino Ratio Rank: 47
ACIIX Omega Ratio Rank: 44
ACIIX Calmar Ratio Rank: 44
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.

CFVLX vs. ACIIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Commerce Value Fund (CFVLX) 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.

	CFVLX	ACIIX	Difference
Sharpe ratio Return per unit of total volatility	0.93	0.93	+0.01
Sortino ratio Return per unit of downside risk	1.35	1.35	+0.01
Omega ratio Gain probability vs. loss probability	1.20	1.19	+0.02
Calmar ratio Return relative to maximum drawdown	1.10	1.11	0.00
Martin ratio Return relative to average drawdown	4.68	4.37	+0.31
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CFVLX vs. ACIIX - Sharpe Ratio Comparison

The current CFVLX Sharpe Ratio is 0.93, which is comparable to the ACIIX Sharpe Ratio of 0.93. The chart below compares the historical Sharpe Ratios of CFVLX and ACIIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	CFVLX	ACIIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.93	0.93	+0.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.51	0.70	-0.19
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.57	0.67	-0.10
Sharpe Ratio (All Time) Calculated using the full available price history	0.37	0.53	-0.16

Correlation

The correlation between CFVLX and ACIIX is 0.92, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

CFVLX vs. ACIIX - Dividend Comparison

CFVLX's dividend yield for the trailing twelve months is around 10.86%, more than ACIIX's 10.28% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CFVLX Commerce Value Fund	10.86%	12.19%	8.28%	6.41%	8.52%	5.20%	2.70%	7.40%	13.10%	13.15%	4.32%	3.12%
ACIIX American Century Equity Income Fund Class I	10.28%	10.55%	11.71%	8.21%	8.96%	7.02%	2.18%	7.57%	9.05%	12.14%	8.08%	10.72%

Drawdowns

CFVLX vs. ACIIX - Drawdown Comparison

The maximum CFVLX drawdown since its inception was -58.89%, which is greater than ACIIX's maximum drawdown of -39.16%. Use the drawdown chart below to compare losses from any high point for CFVLX and ACIIX.

Drawdown Indicators

	CFVLX	ACIIX	Difference
Max Drawdown Largest peak-to-trough decline	-58.89%	-39.16%	-19.73%
Max Drawdown (1Y) Largest decline over 1 year	-11.17%	-8.96%	-2.21%
Max Drawdown (5Y) Largest decline over 5 years	-17.86%	-13.49%	-4.37%
Max Drawdown (10Y) Largest decline over 10 years	-35.70%	-32.76%	-2.94%
Current Drawdown Current decline from peak	-7.68%	-5.73%	-1.95%
Average Drawdown Average peak-to-trough decline	-9.35%	-5.26%	-4.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.64%	2.30%	+0.34%

Volatility

CFVLX vs. ACIIX - Volatility Comparison

Commerce Value Fund (CFVLX) has a higher volatility of 3.54% compared to American Century Equity Income Fund Class I (ACIIX) at 2.76%. This indicates that CFVLX'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

	CFVLX	ACIIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.54%	2.76%	+0.78%
Volatility (6M) Calculated over the trailing 6-month period	7.35%	6.05%	+1.30%
Volatility (1Y) Calculated over the trailing 1-year period	14.63%	11.61%	+3.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.28%	10.74%	+3.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.58%	13.37%	+3.21%