HHDVX vs. TWEIX

Last updated Aug 1, 2026

HHDVX (Hamlin High Dividend Equity Fund) and TWEIX (American Century Equity Income Fund) are both mutual funds - HHDVX is a Large Cap Value Equities fund managed by Hamlin, while TWEIX is a Dividend fund managed by American Century. Over the past 10 years, HHDVX returned 11.11%/yr vs 8.93%/yr for TWEIX. Their correlation of 0.88 means they have usually moved in the same direction. HHDVX charges 1.15%/yr vs 0.94%/yr for TWEIX.

Performance

HHDVX vs. TWEIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hamlin High Dividend Equity Fund (HHDVX) and American Century Equity Income Fund (TWEIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with HHDVX having a 12.63% return and TWEIX slightly higher at 13.18%. Over the past 10 years, HHDVX has outperformed TWEIX with an annualized return of 11.11%, while TWEIX has yielded a comparatively lower 8.93% annualized return.

HHDVX

• 1D: -0.77%
• 1M: 0.20%
• 6M: 8.72%
• YTD: 12.63%
• 1Y: 17.58%
• 3Y*: 15.57%
• 5Y*: 11.93%
• 10Y*: 11.11%
• ALL TIME*: 11.19%

TWEIX

• 1D: 0.00%
• 1M: 2.27%
• 6M: 8.81%
• YTD: 13.18%
• 1Y: 19.64%
• 3Y*: 11.66%
• 5Y*: 7.98%
• 10Y*: 8.93%
• 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)
HHDVX Hamlin High Dividend Equity Fund	$0.00	$0.00	$0.00
TWEIX American Century Equity Income Fund	$0.00	$0.00	$0.00

HHDVX vs. TWEIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HHDVX Hamlin High Dividend Equity Fund	12.63%	7.83%	23.92%	13.34%	-4.85%	30.88%	4.39%	21.84%	-7.91%	13.55%
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 HHDVX and TWEIX is 0.81, 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.	0.81
Correlation (3Y) Balances recent behavior with more history.	0.80
Correlation (5Y) Shows whether the relationship held over a longer period.	0.86
Correlation (10Y) Provides a long-term view across more market conditions.	0.87
Correlation (All Time) Calculated using the full available price history since Mar 29, 2012	0.88

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

Return for Risk

HHDVX vs. TWEIX — Risk / Return Rank

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

HHDVX

HHDVX Risk / Return Rank: 59
HHDVX Sharpe Ratio Rank: 62
HHDVX Sortino Ratio Rank: 65
HHDVX Omega Ratio Rank: 57
HHDVX Calmar Ratio Rank: 64
HHDVX Martin Ratio Rank: 49

TWEIX

TWEIX Risk / Return Rank: 83
TWEIX Sharpe Ratio Rank: 87
TWEIX Sortino Ratio Rank: 88
TWEIX Omega Ratio Rank: 81
TWEIX Calmar Ratio Rank: 84
TWEIX Martin Ratio Rank: 78

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.

HHDVX vs. TWEIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hamlin High Dividend Equity Fund (HHDVX) 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.

	HHDVX	TWEIX	Difference
Sharpe ratio: Return per unit of total volatility	1.52	2.11	-0.59
Sortino ratio: Return per unit of downside risk	2.29	3.22	-0.93
Omega ratio: Gain probability vs. loss probability	1.27	1.37	-0.10
Calmar ratio: Return relative to maximum drawdown	2.16	2.81	-0.66
Martin ratio: Return relative to average drawdown	6.92	9.29	-2.37

HHDVX vs. TWEIX - Sharpe Ratio Comparison

The current HHDVX Sharpe Ratio is 1.52, which is comparable to the TWEIX Sharpe Ratio of 2.11. The chart below compares the historical Sharpe Ratios of HHDVX 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

HHDVX vs. TWEIX - Drawdown Comparison

The maximum HHDVX drawdown since its inception was -36.13%, smaller than the maximum TWEIX drawdown of -39.30%. Use the drawdown chart below to compare losses from any high point for HHDVX and TWEIX.

Drawdown Indicators

	HHDVX	TWEIX	Difference
Max Drawdown Largest peak-to-trough decline	-36.13%	-39.30%	+3.17%
Max Drawdown (1Y) Largest decline over 1 year	-7.28%	-6.43%	-0.85%
Max Drawdown (3Y) Largest decline over 3 years	-14.29%	-10.16%	-4.13%
Max Drawdown (5Y) Largest decline over 5 years	-16.67%	-13.69%	-2.98%
Max Drawdown (10Y) Largest decline over 10 years	-36.13%	-32.82%	-3.31%
Current Drawdown Current decline from peak	-1.96%	-0.63%	-1.33%
Average Drawdown Average peak-to-trough decline	-3.60%	-4.14%	+0.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.27%	1.95%	+0.32%

Volatility

HHDVX vs. TWEIX - Volatility Comparison

Hamlin High Dividend Equity Fund (HHDVX) and American Century Equity Income Fund (TWEIX) have volatilities of 2.96% and 2.87%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HHDVX	TWEIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.96%	2.87%	+0.09%
Volatility (6M) Calculated over the trailing 6-month period	7.61%	6.59%	+1.02%
Volatility (1Y) Calculated over the trailing 1-year period	10.36%	8.59%	+1.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.30%	10.75%	+3.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.44%	13.32%	+3.12%

HHDVX vs. TWEIX - Expense Ratio Comparison

HHDVX has a 1.15% expense ratio, which is higher than TWEIX's 0.94% expense ratio.

Dividends

HHDVX vs. TWEIX - Dividend Comparison

HHDVX's dividend yield for the trailing twelve months is around 4.13%, less than TWEIX's 9.31% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HHDVX Hamlin High Dividend Equity Fund	4.13%	4.28%	9.40%	1.84%	2.88%	4.11%	2.99%	2.52%	8.93%	1.76%	2.36%	2.57%
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 HHDVX and TWEIX in my portfolio?

HHDVX and TWEIX have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HHDVX or TWEIX?

HHDVX has higher volatility (2.96%) compared to TWEIX (2.87%). In terms of maximum drawdown, HHDVX dropped -36.13% vs TWEIX's -39.30%.

Which has better risk-adjusted returns?

TWEIX currently has the higher Sharpe Ratio (2.11 vs 1.52), 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.