TWCUX vs. TWCIX

Last updated Jun 23, 2026

TWCUX (American Century Ultra Fund) and TWCIX (American Century Select Fund) are both Large Cap Growth Equities funds from American Century. Over the past 10 years, TWCUX returned 17.92%/yr vs 16.68%/yr for TWCIX. Their correlation of 0.91 suggests significant overlap in exposure. TWCUX charges 0.93%/yr vs 0.94%/yr for TWCIX.

Performance

TWCUX vs. TWCIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Century Ultra Fund (TWCUX) and American Century Select Fund (TWCIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TWCUX achieves a 5.30% return, which is significantly higher than TWCIX's 5.01% return. Over the past 10 years, TWCUX has outperformed TWCIX with an annualized return of 17.92%, while TWCIX has yielded a comparatively lower 16.68% annualized return.

TWCUX

• 1D: 1.52%
• 1M: -1.76%
• YTD: 5.30%
• 6M: 4.64%
• 1Y: 21.44%
• 3Y*: 19.22%
• 5Y*: 11.11%
• 10Y*: 17.92%

TWCIX

• 1D: 1.69%
• 1M: -1.94%
• YTD: 5.01%
• 6M: 4.48%
• 1Y: 24.50%
• 3Y*: 18.99%
• 5Y*: 11.85%
• 10Y*: 16.68%

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

TWCUX vs. TWCIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TWCUX American Century Ultra Fund	5.30%	12.66%	29.54%	43.36%	-32.38%	23.47%	49.79%	34.60%	0.70%	31.65%
TWCIX American Century Select Fund	5.01%	16.30%	26.15%	39.93%	-28.82%	25.47%	33.99%	36.30%	-3.54%	28.90%

Correlation

The correlation between TWCUX and TWCIX is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.98
Correlation (3Y) Calculated over the trailing 3-year period	0.98
Correlation (5Y) Calculated over the trailing 5-year period	0.99
Correlation (10Y) Calculated over the trailing 10-year period	0.98
Correlation (All Time) Calculated using the full available price history since Oct 30, 1981	0.91

The correlation between TWCUX and TWCIX has been stable across timeframes, ranging from 0.91 to 0.99 - a consistent structural relationship.

Return for Risk

TWCUX vs. TWCIX — Risk / Return Rank

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

TWCUX

TWCUX Risk / Return Rank: 19
TWCUX Sharpe Ratio Rank: 21
TWCUX Sortino Ratio Rank: 19
TWCUX Omega Ratio Rank: 19
TWCUX Calmar Ratio Rank: 16
TWCUX Martin Ratio Rank: 19

TWCIX

TWCIX Risk / Return Rank: 25
TWCIX Sharpe Ratio Rank: 28
TWCIX Sortino Ratio Rank: 25
TWCIX Omega Ratio Rank: 26
TWCIX Calmar Ratio Rank: 22
TWCIX Martin Ratio Rank: 26

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.

TWCUX vs. TWCIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Century Ultra Fund (TWCUX) and American Century Select Fund (TWCIX). 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.

	TWCUX	TWCIX	Difference
Sharpe ratio: Return per unit of total volatility	1.21	1.42	-0.21
Sortino ratio: Return per unit of downside risk	1.69	1.94	-0.25
Omega ratio: Gain probability vs. loss probability	1.21	1.25	-0.04
Calmar ratio: Return relative to maximum drawdown	1.32	1.61	-0.29
Martin ratio: Return relative to average drawdown	4.51	5.85	-1.35

TWCUX vs. TWCIX - Sharpe Ratio Comparison

The current TWCUX Sharpe Ratio is 1.21, which is comparable to the TWCIX Sharpe Ratio of 1.42. The chart below compares the historical Sharpe Ratios of TWCUX and TWCIX, 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

TWCUX vs. TWCIX - Drawdown Comparison

The maximum TWCUX drawdown since its inception was -62.11%, which is greater than TWCIX's maximum drawdown of -57.31%. Use the drawdown chart below to compare losses from any high point for TWCUX and TWCIX.

Drawdown Indicators

	TWCUX	TWCIX	Difference
Max Drawdown Largest peak-to-trough decline	-62.11%	-57.31%	-4.80%
Max Drawdown (1Y) Largest decline over 1 year	-15.72%	-14.66%	-1.06%
Max Drawdown (3Y) Largest decline over 3 years	-24.86%	-23.88%	-0.98%
Max Drawdown (5Y) Largest decline over 5 years	-35.23%	-31.24%	-3.99%
Max Drawdown (10Y) Largest decline over 10 years	-35.23%	-31.24%	-3.99%
Current Drawdown Current decline from peak	-4.36%	-3.87%	-0.49%
Average Drawdown Average peak-to-trough decline	-16.80%	-12.38%	-4.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.60%	4.02%	+0.58%

Volatility

TWCUX vs. TWCIX - Volatility Comparison

American Century Ultra Fund (TWCUX) has a higher volatility of 6.48% compared to American Century Select Fund (TWCIX) at 6.17%. This indicates that TWCUX's price experiences larger fluctuations and is considered to be riskier than TWCIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TWCUX	TWCIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.48%	6.17%	+0.31%
Volatility (6M) Calculated over the trailing 6-month period	13.59%	13.23%	+0.36%
Volatility (1Y) Calculated over the trailing 1-year period	17.19%	16.67%	+0.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.68%	21.60%	+1.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.14%	21.09%	+1.05%

TWCUX vs. TWCIX - Expense Ratio Comparison

TWCUX has a 0.93% expense ratio, which is lower than TWCIX's 0.94% expense ratio.

Dividends

TWCUX vs. TWCIX - Dividend Comparison

TWCUX's dividend yield for the trailing twelve months is around 10.99%, more than TWCIX's 9.56% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TWCIX American Century Select Fund	9.56%	10.04%	3.67%	5.21%	10.36%	8.25%	6.26%	5.42%	9.05%	6.30%	3.43%	6.16%
TWCUX American Century Ultra Fund	10.99%	11.57%	3.58%	6.09%	7.42%	6.78%	2.80%	4.27%	8.24%	5.85%	4.58%	5.21%

Frequently Asked Questions

Can I hold both TWCUX and TWCIX in my portfolio?

With a correlation of 0.98, TWCUX and TWCIX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, TWCUX or TWCIX?

TWCUX has higher volatility (6.48%) compared to TWCIX (6.17%). In terms of maximum drawdown, TWCUX dropped -62.11% vs TWCIX's -57.31%.

Which has better risk-adjusted returns?

TWCIX currently has the higher Sharpe Ratio (1.42 vs 1.21), 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.