MDLVX vs. TWEIX

Last updated Jul 30, 2026

MDLVX (BlackRock Advantage Large Cap Value Fund Investor A) and TWEIX (American Century Equity Income Fund) are both mutual funds - MDLVX is a Large Cap Value Equities fund actively managed by BlackRock, while TWEIX is a Dividend fund managed by American Century. Over the past 10 years, MDLVX returned 12.57%/yr vs 8.95%/yr for TWEIX. Their correlation of 0.90 means they have usually moved in the same direction. MDLVX charges 0.79%/yr vs 0.94%/yr for TWEIX.

Performance

MDLVX vs. TWEIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock Advantage Large Cap Value Fund Investor A (MDLVX) 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, MDLVX achieves a 21.24% return, which is significantly higher than TWEIX's 13.90% return. Over the past 10 years, MDLVX has outperformed TWEIX with an annualized return of 12.57%, while TWEIX has yielded a comparatively lower 8.95% annualized return.

MDLVX

• 1D: -1.14%
• 1M: 2.39%
• 6M: 16.49%
• YTD: 21.24%
• 1Y: 33.78%
• 3Y*: 19.95%
• 5Y*: 12.43%
• 10Y*: 12.57%
• ALL TIME*: 8.89%

TWEIX

• 1D: 1.06%
• 1M: 4.50%
• 6M: 10.76%
• YTD: 13.90%
• 1Y: 18.23%
• 3Y*: 11.81%
• 5Y*: 8.12%
• 10Y*: 8.95%
• ALL TIME*: 10.18%

*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)
MDLVX BlackRock Advantage Large Cap Value Fund Investor A	$0.00	$0.00	$0.00
TWEIX American Century Equity Income Fund	$0.00	$0.00	$0.00

MDLVX vs. TWEIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MDLVX BlackRock Advantage Large Cap Value Fund Investor A	21.24%	18.11%	15.08%	13.43%	-8.89%	26.20%	3.64%	24.39%	-7.94%	15.80%
TWEIX American Century Equity Income Fund	13.90%	11.84%	10.51%	3.92%	-3.06%	16.83%	1.10%	24.14%	-3.77%	13.35%

Correlation

The correlation between MDLVX and TWEIX is 0.75, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.75
Correlation (3Y) Balances recent behavior with more history.	0.83
Correlation (5Y) Shows whether the relationship held over a longer period.	0.89
Correlation (10Y) Provides a long-term view across more market conditions.	0.90
Correlation (All Time) Calculated using the full available price history since Dec 22, 1999	0.90

The correlation between MDLVX and TWEIX shifts across timeframes, from 0.75 (1 year) to 0.90 (10 years), reflecting how their relationship changes across market environments.

Return for Risk

MDLVX vs. TWEIX — Risk / Return Rank

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

MDLVX

MDLVX Risk / Return Rank: 96
MDLVX Sharpe Ratio Rank: 98
MDLVX Sortino Ratio Rank: 96
MDLVX Omega Ratio Rank: 92
MDLVX Calmar Ratio Rank: 97
MDLVX Martin Ratio Rank: 98

TWEIX

TWEIX Risk / Return Rank: 82
TWEIX Sharpe Ratio Rank: 86
TWEIX Sortino Ratio Rank: 87
TWEIX Omega Ratio Rank: 80
TWEIX Calmar Ratio Rank: 82
TWEIX Martin Ratio Rank: 75

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.

MDLVX vs. TWEIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock Advantage Large Cap Value Fund Investor A (MDLVX) 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.

	MDLVX	TWEIX	Difference
Sharpe ratio: Return per unit of total volatility	2.99	2.11	+0.88
Sortino ratio: Return per unit of downside risk	4.17	3.22	+0.95
Omega ratio: Gain probability vs. loss probability	1.54	1.37	+0.17
Calmar ratio: Return relative to maximum drawdown	5.19	2.81	+2.38
Martin ratio: Return relative to average drawdown	23.94	9.23	+14.72

MDLVX vs. TWEIX - Sharpe Ratio Comparison

The current MDLVX Sharpe Ratio is 2.99, which is higher than the TWEIX Sharpe Ratio of 2.11. The chart below compares the historical Sharpe Ratios of MDLVX 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

MDLVX vs. TWEIX - Drawdown Comparison

The maximum MDLVX drawdown since its inception was -55.49%, which is greater than TWEIX's maximum drawdown of -39.30%. Use the drawdown chart below to compare losses from any high point for MDLVX and TWEIX.

Drawdown Indicators

	MDLVX	TWEIX	Difference
Max Drawdown Largest peak-to-trough decline	-55.49%	-39.30%	-16.19%
Max Drawdown (1Y) Largest decline over 1 year	-6.54%	-6.43%	-0.11%
Max Drawdown (3Y) Largest decline over 3 years	-16.19%	-10.16%	-6.03%
Max Drawdown (5Y) Largest decline over 5 years	-19.87%	-13.69%	-6.18%
Max Drawdown (10Y) Largest decline over 10 years	-37.11%	-32.82%	-4.29%
Current Drawdown Current decline from peak	-1.14%	0.00%	-1.14%
Average Drawdown Average peak-to-trough decline	-8.91%	-4.14%	-4.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.43%	1.96%	-0.53%

Volatility

MDLVX vs. TWEIX - Volatility Comparison

The current volatility for BlackRock Advantage Large Cap Value Fund Investor A (MDLVX) is 2.65%, while American Century Equity Income Fund (TWEIX) has a volatility of 2.81%. This indicates that MDLVX experiences smaller price fluctuations and is considered to be less risky than TWEIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MDLVX	TWEIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.65%	2.81%	-0.16%
Volatility (6M) Calculated over the trailing 6-month period	8.87%	6.56%	+2.31%
Volatility (1Y) Calculated over the trailing 1-year period	11.35%	8.59%	+2.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.77%	10.74%	+4.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.23%	13.32%	+3.91%

MDLVX vs. TWEIX - Expense Ratio Comparison

MDLVX has a 0.79% expense ratio, which is lower than TWEIX's 0.94% expense ratio.

Dividends

MDLVX vs. TWEIX - Dividend Comparison

MDLVX's dividend yield for the trailing twelve months is around 10.88%, more than TWEIX's 9.25% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MDLVX BlackRock Advantage Large Cap Value Fund Investor A	10.88%	9.33%	14.55%	2.68%	5.86%	17.69%	1.49%	3.76%	12.92%	0.43%	1.06%	0.70%
TWEIX American Century Equity Income Fund	9.25%	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 MDLVX and TWEIX in my portfolio?

MDLVX 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, MDLVX or TWEIX?

TWEIX has higher volatility (2.81%) compared to MDLVX (2.65%). In terms of maximum drawdown, MDLVX dropped -55.49% vs TWEIX's -39.30%.

Which has better risk-adjusted returns?

MDLVX currently has the higher Sharpe Ratio (2.99 vs 2.11), 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.