TWCUX vs. TWVLX

Last updated Jun 5, 2026

TWCUX (American Century Ultra Fund) and TWVLX (American Century Value Fund) are both mutual funds - TWCUX is a Large Cap Growth Equities fund managed by American Century, while TWVLX is a Large Cap Value Equities fund managed by American Century. Over the past 10 years, TWCUX returned 18.10%/yr vs 10.14%/yr for TWVLX. A 0.70 correlation means they provide meaningful diversification when combined. TWCUX charges 0.93%/yr vs 1.01%/yr for TWVLX.

Performance

TWCUX vs. TWVLX - Performance Comparison

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

Returns By Period

In the year-to-date period, TWCUX achieves a 7.91% return, which is significantly lower than TWVLX's 8.54% return. Over the past 10 years, TWCUX has outperformed TWVLX with an annualized return of 18.10%, while TWVLX has yielded a comparatively lower 10.14% annualized return.

TWCUX

• 1D: -1.62%
• 1M: 3.99%
• YTD: 7.91%
• 6M: 6.18%
• 1Y: 22.99%
• 3Y*: 21.28%
• 5Y*: 12.30%
• 10Y*: 18.10%

TWVLX

• 1D: -0.23%
• 1M: 1.27%
• YTD: 8.54%
• 6M: 9.32%
• 1Y: 22.91%
• 3Y*: 14.32%
• 5Y*: 8.85%
• 10Y*: 10.14%

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

TWCUX vs. TWVLX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TWCUX American Century Ultra Fund	7.91%	12.66%	29.54%	43.36%	-32.38%	23.47%	49.79%	34.60%	0.70%	31.65%
TWVLX American Century Value Fund	8.54%	15.70%	9.10%	8.78%	0.39%	24.41%	0.68%	26.93%	-8.91%	8.50%

Correlation

The correlation between TWCUX and TWVLX is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.33
Correlation (3Y) Calculated over the trailing 3-year period	0.35
Correlation (5Y) Calculated over the trailing 5-year period	0.51
Correlation (10Y) Calculated over the trailing 10-year period	0.55
Correlation (All Time) Calculated using the full available price history since Sep 1, 1993	0.70

Over the past year, the correlation between TWCUX and TWVLX has dropped to 0.33 - well below their long-term average of 0.70, suggesting their price drivers have been diverging.

Return for Risk

TWCUX vs. TWVLX — Risk / Return Rank

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

TWCUX

TWCUX Risk / Return Rank: 22
TWCUX Sharpe Ratio Rank: 25
TWCUX Sortino Ratio Rank: 23
TWCUX Omega Ratio Rank: 22
TWCUX Calmar Ratio Rank: 18
TWCUX Martin Ratio Rank: 20

TWVLX

TWVLX Risk / Return Rank: 59
TWVLX Sharpe Ratio Rank: 55
TWVLX Sortino Ratio Rank: 60
TWVLX Omega Ratio Rank: 51
TWVLX Calmar Ratio Rank: 71
TWVLX Martin Ratio Rank: 57

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. TWVLX - Risk-Adjusted Trends Comparison

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

	TWCUX	TWVLX	Difference
Sharpe ratio: Return per unit of total volatility	1.45	2.16	-0.71
Sortino ratio: Return per unit of downside risk	2.01	3.20	-1.19
Omega ratio: Gain probability vs. loss probability	1.25	1.38	-0.13
Calmar ratio: Return relative to maximum drawdown	1.51	3.20	-1.70
Martin ratio: Return relative to average drawdown	5.28	11.20	-5.92
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TWCUX vs. TWVLX - Sharpe Ratio Comparison

The current TWCUX Sharpe Ratio is 1.45, which is lower than the TWVLX Sharpe Ratio of 2.16. The chart below compares the historical Sharpe Ratios of TWCUX and TWVLX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	TWCUX	TWVLX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.45	2.16	-0.71
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.55	0.63	-0.08
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.82	0.57	+0.25
Sharpe Ratio (All Time) Calculated using the full available price history	0.53	0.58	-0.05

Drawdowns

TWCUX vs. TWVLX - Drawdown Comparison

The maximum TWCUX drawdown since its inception was -62.11%, which is greater than TWVLX's maximum drawdown of -53.19%. Use the drawdown chart below to compare losses from any high point for TWCUX and TWVLX.

Drawdown Indicators

	TWCUX	TWVLX	Difference
Max Drawdown Largest peak-to-trough decline	-62.11%	-53.19%	-8.92%
Max Drawdown (1Y) Largest decline over 1 year	-15.72%	-7.03%	-8.69%
Max Drawdown (3Y) Largest decline over 3 years	-24.86%	-12.83%	-12.03%
Max Drawdown (5Y) Largest decline over 5 years	-35.23%	-17.12%	-18.11%
Max Drawdown (10Y) Largest decline over 10 years	-35.23%	-39.88%	+4.65%
Current Drawdown Current decline from peak	-2.00%	-0.68%	-1.32%
Average Drawdown Average peak-to-trough decline	-16.81%	-6.64%	-10.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.48%	2.01%	+2.47%

Volatility

TWCUX vs. TWVLX - Volatility Comparison

American Century Ultra Fund (TWCUX) has a higher volatility of 4.24% compared to American Century Value Fund (TWVLX) at 2.56%. This indicates that TWCUX's price experiences larger fluctuations and is considered to be riskier than TWVLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TWCUX	TWVLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.24%	2.56%	+1.68%
Volatility (6M) Calculated over the trailing 6-month period	12.44%	7.58%	+4.86%
Volatility (1Y) Calculated over the trailing 1-year period	16.39%	10.46%	+5.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.56%	14.07%	+8.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.08%	17.70%	+4.38%

TWCUX vs. TWVLX - Expense Ratio Comparison

TWCUX has a 0.93% expense ratio, which is lower than TWVLX's 1.01% expense ratio.

Dividends

TWCUX vs. TWVLX - Dividend Comparison

TWCUX's dividend yield for the trailing twelve months is around 10.73%, more than TWVLX's 9.22% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TWCUX American Century Ultra Fund	10.73%	11.57%	3.58%	6.09%	7.42%	6.78%	2.80%	4.27%	8.24%	5.85%	4.58%	5.21%
TWVLX American Century Value Fund	9.22%	10.07%	11.14%	7.34%	15.07%	13.94%	3.49%	8.70%	11.82%	7.24%	3.22%	8.56%

Frequently Asked Questions

Can I hold both TWCUX and TWVLX in my portfolio?

TWCUX and TWVLX have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TWCUX or TWVLX?

TWCUX has higher volatility (4.24%) compared to TWVLX (2.56%). In terms of maximum drawdown, TWCUX dropped -62.11% vs TWVLX's -53.19%.

Which has better risk-adjusted returns?

TWVLX currently has the higher Sharpe Ratio (2.16 vs 1.45), 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.