DODGX vs. TWEIX

Last updated Aug 4, 2026

DODGX (Dodge & Cox Stock Fund Class I) and TWEIX (American Century Equity Income Fund) are both mutual funds - DODGX is a Large Cap Value Equities fund actively managed by Dodge & Cox, while TWEIX is a Dividend fund managed by American Century. Over the past 10 years, DODGX returned 13.26%/yr vs 8.99%/yr for TWEIX. Their correlation of 0.88 means they have usually moved in the same direction. DODGX charges 0.51%/yr vs 0.94%/yr for TWEIX.

Performance

DODGX vs. TWEIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dodge & Cox Stock Fund Class I (DODGX) and American Century Equity Income Fund (TWEIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DODGX achieves a 9.94% return, which is significantly lower than TWEIX's 13.18% return. Over the past 10 years, DODGX has outperformed TWEIX with an annualized return of 13.26%, while TWEIX has yielded a comparatively lower 8.99% annualized return.

DODGX

• 1D: 0.73%
• 1M: 3.34%
• 6M: 7.55%
• YTD: 9.94%
• 1Y: 19.43%
• 3Y*: 14.45%
• 5Y*: 10.36%
• 10Y*: 13.26%
• ALL TIME*: 11.29%

TWEIX

• 1D: 0.00%
• 1M: 2.27%
• 6M: 8.31%
• YTD: 13.18%
• 1Y: 19.64%
• 3Y*: 11.74%
• 5Y*: 7.98%
• 10Y*: 8.99%
• ALL TIME*: 10.15%

*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)
DODGX Dodge & Cox Stock Fund Class I	$0.00	$0.00	$0.00
TWEIX American Century Equity Income Fund	$0.00	$0.00	$0.00

DODGX vs. TWEIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DODGX Dodge & Cox Stock Fund Class I	9.94%	13.66%	14.36%	17.49%	-7.25%	31.72%	7.10%	24.30%	-7.15%	18.33%
TWEIX American Century Equity Income Fund	13.18%	11.84%	10.51%	3.92%	-3.06%	16.83%	1.10%	24.14%	-3.77%	13.35%

Correlation

The correlation between DODGX and TWEIX is 0.80, 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.	0.80
Correlation (3Y) Balances recent behavior with more history.	0.82
Correlation (5Y) Shows whether the relationship held over a longer period.	0.85
Correlation (10Y) Provides a long-term view across more market conditions.	0.85
Correlation (All Time) Calculated using the full available price history since Jul 29, 1994	0.88

The correlation between DODGX and TWEIX has been stable across timeframes, ranging from 0.80 to 0.88 - a consistent structural relationship.

Return for Risk

DODGX vs. TWEIX — Risk / Return Rank

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

DODGX

DODGX Risk / Return Rank: 60
DODGX Sharpe Ratio Rank: 58
DODGX Sortino Ratio Rank: 59
DODGX Omega Ratio Rank: 51
DODGX Calmar Ratio Rank: 69
DODGX Martin Ratio Rank: 64

TWEIX

TWEIX Risk / Return Rank: 84
TWEIX Sharpe Ratio Rank: 89
TWEIX Sortino Ratio Rank: 90
TWEIX Omega Ratio Rank: 82
TWEIX Calmar Ratio Rank: 84
TWEIX Martin Ratio Rank: 76

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.

DODGX vs. TWEIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dodge & Cox Stock Fund Class I (DODGX) and American Century Equity Income Fund (TWEIX). 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.

	DODGX	TWEIX	Difference
Sharpe ratio: Return per unit of total volatility	1.54	2.23	-0.69
Sortino ratio: Return per unit of downside risk	2.23	3.40	-1.17
Omega ratio: Gain probability vs. loss probability	1.27	1.39	-0.12
Calmar ratio: Return relative to maximum drawdown	2.37	2.96	-0.60
Martin ratio: Return relative to average drawdown	8.68	9.77	-1.09

DODGX vs. TWEIX - Sharpe Ratio Comparison

The current DODGX Sharpe Ratio is 1.54, which is lower than the TWEIX Sharpe Ratio of 2.23. The chart below compares the historical Sharpe Ratios of DODGX and TWEIX, 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

DODGX vs. TWEIX - Drawdown Comparison

The maximum DODGX drawdown since its inception was -63.24%, which is greater than TWEIX's maximum drawdown of -39.30%. Use the drawdown chart below to compare losses from any high point for DODGX and TWEIX.

Drawdown Indicators

	DODGX	TWEIX	Difference
Max Drawdown Largest peak-to-trough decline	-63.24%	-39.30%	-23.94%
Max Drawdown (1Y) Largest decline over 1 year	-7.48%	-6.43%	-1.05%
Max Drawdown (3Y) Largest decline over 3 years	-14.89%	-10.16%	-4.73%
Max Drawdown (5Y) Largest decline over 5 years	-21.85%	-13.69%	-8.16%
Max Drawdown (10Y) Largest decline over 10 years	-40.41%	-32.82%	-7.59%
Current Drawdown Current decline from peak	0.00%	-0.63%	+0.63%
Average Drawdown Average peak-to-trough decline	-7.49%	-4.14%	-3.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.04%	1.94%	+0.10%

Volatility

DODGX vs. TWEIX - Volatility Comparison

Dodge & Cox Stock Fund Class I (DODGX) has a higher volatility of 3.21% compared to American Century Equity Income Fund (TWEIX) at 2.85%. This indicates that DODGX's price experiences larger fluctuations and is considered to be riskier than TWEIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DODGX	TWEIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.21%	2.85%	+0.36%
Volatility (6M) Calculated over the trailing 6-month period	8.42%	6.56%	+1.86%
Volatility (1Y) Calculated over the trailing 1-year period	11.54%	8.58%	+2.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.87%	10.74%	+5.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.10%	13.32%	+5.78%

DODGX vs. TWEIX - Expense Ratio Comparison

DODGX has a 0.51% expense ratio, which is lower than TWEIX's 0.94% expense ratio.

Dividends

DODGX vs. TWEIX - Dividend Comparison

DODGX's dividend yield for the trailing twelve months is around 8.73%, less than TWEIX's 9.31% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DODGX Dodge & Cox Stock Fund Class I	8.73%	9.86%	8.20%	3.76%	5.47%	3.22%	6.74%	10.23%	9.69%	6.78%	6.26%	5.36%
TWEIX American Century Equity Income Fund	9.31%	10.35%	11.51%	8.02%	8.76%	6.83%	2.00%	7.38%	8.79%	11.95%	7.88%	10.49%

Frequently Asked Questions

Can I hold both DODGX and TWEIX in my portfolio?

DODGX and TWEIX have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DODGX or TWEIX?

DODGX has higher volatility (3.21%) compared to TWEIX (2.85%). In terms of maximum drawdown, DODGX dropped -63.24% vs TWEIX's -39.30%.

Which has better risk-adjusted returns?

TWEIX currently has the higher Sharpe Ratio (2.23 vs 1.54), 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.