LMVTX vs. TWEIX

Last updated Jun 23, 2026

LMVTX (ClearBridge Value Trust) and TWEIX (American Century Equity Income Fund) are both Large Cap Value Equities funds. Over the past 10 years, LMVTX returned 11.59%/yr vs 8.71%/yr for TWEIX. Their correlation of 0.80 suggests significant overlap in exposure. LMVTX charges 1.74%/yr vs 0.94%/yr for TWEIX.

Performance

LMVTX vs. TWEIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ClearBridge Value Trust (LMVTX) 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, LMVTX achieves a 11.13% return, which is significantly higher than TWEIX's 7.32% return. Over the past 10 years, LMVTX has outperformed TWEIX with an annualized return of 11.59%, while TWEIX has yielded a comparatively lower 8.71% annualized return.

LMVTX

• 1D: 0.65%
• 1M: 1.12%
• YTD: 11.13%
• 6M: 10.08%
• 1Y: 21.61%
• 3Y*: 15.05%
• 5Y*: 10.36%
• 10Y*: 11.59%

TWEIX

• 1D: 0.00%
• 1M: -0.01%
• YTD: 7.32%
• 6M: 6.81%
• 1Y: 16.67%
• 3Y*: 10.33%
• 5Y*: 7.63%
• 10Y*: 8.71%

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

LMVTX vs. TWEIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LMVTX ClearBridge Value Trust	11.13%	9.80%	14.22%	18.80%	-7.00%	26.93%	10.63%	26.25%	-13.50%	13.76%
TWEIX American Century Equity Income Fund	7.32%	11.84%	10.51%	3.92%	-3.06%	16.83%	1.10%	24.14%	-3.77%	13.35%

Correlation

The correlation between LMVTX and TWEIX is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.75
Correlation (3Y) Calculated over the trailing 3-year period	0.75
Correlation (5Y) Calculated over the trailing 5-year period	0.79
Correlation (10Y) Calculated over the trailing 10-year period	0.82
Correlation (All Time) Calculated using the full available price history since Jul 29, 1994	0.80

The correlation between LMVTX and TWEIX has been stable across timeframes, ranging from 0.75 to 0.82 - a consistent structural relationship.

Return for Risk

LMVTX vs. TWEIX — Risk / Return Rank

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

LMVTX

LMVTX Risk / Return Rank: 48
LMVTX Sharpe Ratio Rank: 42
LMVTX Sortino Ratio Rank: 40
LMVTX Omega Ratio Rank: 40
LMVTX Calmar Ratio Rank: 59
LMVTX Martin Ratio Rank: 56

TWEIX

TWEIX Risk / Return Rank: 51
TWEIX Sharpe Ratio Rank: 53
TWEIX Sortino Ratio Rank: 62
TWEIX Omega Ratio Rank: 47
TWEIX Calmar Ratio Rank: 52
TWEIX 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.

LMVTX vs. TWEIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ClearBridge Value Trust (LMVTX) 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.

	LMVTX	TWEIX	Difference
Sharpe ratio: Return per unit of total volatility	1.76	1.99	-0.23
Sortino ratio: Return per unit of downside risk	2.45	3.01	-0.56
Omega ratio: Gain probability vs. loss probability	1.32	1.35	-0.03
Calmar ratio: Return relative to maximum drawdown	2.82	2.63	+0.19
Martin ratio: Return relative to average drawdown	10.63	8.58	+2.05

LMVTX vs. TWEIX - Sharpe Ratio Comparison

The current LMVTX Sharpe Ratio is 1.76, which is comparable to the TWEIX Sharpe Ratio of 1.99. The chart below compares the historical Sharpe Ratios of LMVTX 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

LMVTX vs. TWEIX - Drawdown Comparison

The maximum LMVTX drawdown since its inception was -72.54%, which is greater than TWEIX's maximum drawdown of -39.30%. Use the drawdown chart below to compare losses from any high point for LMVTX and TWEIX.

Drawdown Indicators

	LMVTX	TWEIX	Difference
Max Drawdown Largest peak-to-trough decline	-72.54%	-39.30%	-33.24%
Max Drawdown (1Y) Largest decline over 1 year	-7.87%	-6.43%	-1.44%
Max Drawdown (3Y) Largest decline over 3 years	-19.28%	-10.16%	-9.12%
Max Drawdown (5Y) Largest decline over 5 years	-20.79%	-13.69%	-7.10%
Max Drawdown (10Y) Largest decline over 10 years	-40.47%	-32.82%	-7.65%
Current Drawdown Current decline from peak	-0.73%	-1.42%	+0.69%
Average Drawdown Average peak-to-trough decline	-11.95%	-4.15%	-7.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.08%	1.96%	+0.12%

Volatility

LMVTX vs. TWEIX - Volatility Comparison

ClearBridge Value Trust (LMVTX) has a higher volatility of 3.94% compared to American Century Equity Income Fund (TWEIX) at 2.55%. This indicates that LMVTX'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

	LMVTX	TWEIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.94%	2.55%	+1.39%
Volatility (6M) Calculated over the trailing 6-month period	9.47%	6.33%	+3.14%
Volatility (1Y) Calculated over the trailing 1-year period	12.61%	8.50%	+4.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.73%	10.75%	+6.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.23%	13.36%	+5.87%

LMVTX vs. TWEIX - Expense Ratio Comparison

LMVTX has a 1.74% expense ratio, which is higher than TWEIX's 0.94% expense ratio.

Dividends

LMVTX vs. TWEIX - Dividend Comparison

LMVTX's dividend yield for the trailing twelve months is around 9.30%, less than TWEIX's 10.63% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LMVTX ClearBridge Value Trust	9.30%	10.33%	10.32%	12.03%	7.85%	18.06%	5.41%	0.00%	1.34%	0.00%	0.10%	0.00%
TWEIX American Century Equity Income Fund	10.63%	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 LMVTX and TWEIX in my portfolio?

LMVTX and TWEIX have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LMVTX or TWEIX?

LMVTX has higher volatility (3.94%) compared to TWEIX (2.55%). In terms of maximum drawdown, LMVTX dropped -72.54% vs TWEIX's -39.30%.

Which has better risk-adjusted returns?

TWEIX currently has the higher Sharpe Ratio (1.99 vs 1.76), 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.