SMVLX vs. TWEIX

Last updated Aug 1, 2026

SMVLX (Smead Value Fund) and TWEIX (American Century Equity Income Fund) are both mutual funds - SMVLX is a Large Cap Value Equities fund managed by Smead Funds, while TWEIX is a Dividend fund managed by American Century. Over the past 10 years, SMVLX returned 12.68%/yr vs 8.93%/yr for TWEIX. Their correlation of 0.84 means they have usually moved in the same direction. SMVLX charges 1.26%/yr vs 0.94%/yr for TWEIX.

Performance

SMVLX vs. TWEIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Smead Value Fund (SMVLX) 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, SMVLX achieves a 21.13% return, which is significantly higher than TWEIX's 13.18% return. Over the past 10 years, SMVLX has outperformed TWEIX with an annualized return of 12.68%, while TWEIX has yielded a comparatively lower 8.93% annualized return.

SMVLX

• 1D: -0.25%
• 1M: 3.21%
• 6M: 16.20%
• YTD: 21.13%
• 1Y: 31.71%
• 3Y*: 12.65%
• 5Y*: 10.62%
• 10Y*: 12.68%
• ALL TIME*: 13.65%

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)
SMVLX Smead Value Fund	$0.00	$0.00	$0.00
TWEIX American Century Equity Income Fund	$0.00	$0.00	$0.00

SMVLX vs. TWEIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SMVLX Smead Value Fund	21.13%	5.05%	4.78%	16.87%	-2.79%	42.46%	1.71%	26.29%	-4.79%	19.73%
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 SMVLX 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.	0.76
Correlation (5Y) Shows whether the relationship held over a longer period.	0.79
Correlation (10Y) Provides a long-term view across more market conditions.	0.81
Correlation (All Time) Calculated using the full available price history since Jan 2, 2009	0.84

The correlation between SMVLX and TWEIX has been stable across timeframes, ranging from 0.75 to 0.84 - a consistent structural relationship.

Return for Risk

SMVLX vs. TWEIX — Risk / Return Rank

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

SMVLX

SMVLX Risk / Return Rank: 90
SMVLX Sharpe Ratio Rank: 89
SMVLX Sortino Ratio Rank: 87
SMVLX Omega Ratio Rank: 82
SMVLX Calmar Ratio Rank: 97
SMVLX Martin Ratio Rank: 95

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.

SMVLX vs. TWEIX - Risk-Adjusted Trends Comparison

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

	SMVLX	TWEIX	Difference
Sharpe ratio: Return per unit of total volatility	2.21	2.11	+0.10
Sortino ratio: Return per unit of downside risk	3.19	3.22	-0.03
Omega ratio: Gain probability vs. loss probability	1.38	1.37	+0.01
Calmar ratio: Return relative to maximum drawdown	5.07	2.81	+2.25
Martin ratio: Return relative to average drawdown	15.11	9.29	+5.82

SMVLX vs. TWEIX - Sharpe Ratio Comparison

The current SMVLX Sharpe Ratio is 2.21, which is comparable to the TWEIX Sharpe Ratio of 2.11. The chart below compares the historical Sharpe Ratios of SMVLX 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

SMVLX vs. TWEIX - Drawdown Comparison

The maximum SMVLX drawdown since its inception was -39.56%, roughly equal to the maximum TWEIX drawdown of -39.30%. Use the drawdown chart below to compare losses from any high point for SMVLX and TWEIX.

Drawdown Indicators

	SMVLX	TWEIX	Difference
Max Drawdown Largest peak-to-trough decline	-39.56%	-39.30%	-0.26%
Max Drawdown (1Y) Largest decline over 1 year	-5.90%	-6.43%	+0.53%
Max Drawdown (3Y) Largest decline over 3 years	-24.62%	-10.16%	-14.46%
Max Drawdown (5Y) Largest decline over 5 years	-24.62%	-13.69%	-10.93%
Max Drawdown (10Y) Largest decline over 10 years	-39.56%	-32.82%	-6.74%
Current Drawdown Current decline from peak	-0.34%	-0.63%	+0.29%
Average Drawdown Average peak-to-trough decline	-4.56%	-4.14%	-0.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.98%	1.95%	+0.03%

Volatility

SMVLX vs. TWEIX - Volatility Comparison

Smead Value Fund (SMVLX) has a higher volatility of 3.12% compared to American Century Equity Income Fund (TWEIX) at 2.87%. This indicates that SMVLX'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

	SMVLX	TWEIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.12%	2.87%	+0.25%
Volatility (6M) Calculated over the trailing 6-month period	8.42%	6.59%	+1.83%
Volatility (1Y) Calculated over the trailing 1-year period	13.62%	8.59%	+5.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.27%	10.75%	+7.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.43%	13.32%	+6.11%

SMVLX vs. TWEIX - Expense Ratio Comparison

SMVLX has a 1.26% expense ratio, which is higher than TWEIX's 0.94% expense ratio.

Dividends

SMVLX vs. TWEIX - Dividend Comparison

SMVLX's dividend yield for the trailing twelve months is around 1.38%, less than TWEIX's 9.31% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SMVLX Smead Value Fund	1.38%	1.67%	1.08%	1.34%	1.78%	3.91%	1.40%	3.83%	7.47%	0.22%	3.14%	3.10%
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 SMVLX and TWEIX in my portfolio?

SMVLX 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, SMVLX or TWEIX?

SMVLX has higher volatility (3.12%) compared to TWEIX (2.87%). In terms of maximum drawdown, SMVLX dropped -39.56% vs TWEIX's -39.30%.

Which has better risk-adjusted returns?

SMVLX currently has the higher Sharpe Ratio (2.21 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.