TWCUX vs. WWD

Last updated Jun 25, 2026

TWCUX (American Century Ultra Fund) is Large Cap Growth Equities fund managed by American Century, while WWD (Woodward, Inc.) is a stock. Over the past 10 years, TWCUX returned 17.84%/yr vs 23.54%/yr for WWD. At a 0.47 correlation, their price movements are largely independent.

Performance

TWCUX vs. WWD - Performance Comparison

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

Returns By Period

In the year-to-date period, TWCUX achieves a 1.69% return, which is significantly lower than WWD's 43.41% return. Over the past 10 years, TWCUX has underperformed WWD with an annualized return of 17.84%, while WWD has yielded a comparatively higher 23.54% annualized return.

TWCUX

• 1D: -2.03%
• 1M: -5.13%
• YTD: 1.69%
• 6M: 0.14%
• 1Y: 14.38%
• 3Y*: 18.16%
• 5Y*: 9.78%
• 10Y*: 17.84%

WWD

• 1D: 1.06%
• 1M: 23.18%
• YTD: 43.41%
• 6M: 38.13%
• 1Y: 79.04%
• 3Y*: 56.78%
• 5Y*: 29.25%
• 10Y*: 23.54%

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

TWCUX vs. WWD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TWCUX American Century Ultra Fund	1.69%	12.66%	29.54%	43.36%	-32.38%	23.47%	49.79%	34.60%	0.70%	31.65%
WWD Woodward, Inc.	43.41%	82.58%	23.01%	41.97%	-11.09%	-9.43%	3.18%	60.42%	-2.23%	11.63%

Correlation

The correlation between TWCUX and WWD is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.38
Correlation (3Y) Calculated over the trailing 3-year period	0.41
Correlation (5Y) Calculated over the trailing 5-year period	0.48
Correlation (10Y) Calculated over the trailing 10-year period	0.46
Correlation (All Time) Calculated using the full available price history since May 30, 1996	0.47

Return for Risk

TWCUX vs. WWD — Risk / Return Rank

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

TWCUX

TWCUX Risk / Return Rank: 13
TWCUX Sharpe Ratio Rank: 13
TWCUX Sortino Ratio Rank: 13
TWCUX Omega Ratio Rank: 13
TWCUX Calmar Ratio Rank: 12
TWCUX Martin Ratio Rank: 14

WWD

WWD Risk / Return Rank: 91
WWD Sharpe Ratio Rank: 91
WWD Sortino Ratio Rank: 92
WWD Omega Ratio Rank: 89
WWD Calmar Ratio Rank: 93
WWD Martin Ratio Rank: 92

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. WWD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Century Ultra Fund (TWCUX) and Woodward, Inc. (WWD). 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	WWD	Difference
Sharpe ratio: Return per unit of total volatility	0.93	2.20	-1.27
Sortino ratio: Return per unit of downside risk	1.34	3.31	-1.97
Omega ratio: Gain probability vs. loss probability	1.17	1.39	-0.23
Calmar ratio: Return relative to maximum drawdown	1.02	5.24	-4.21
Martin ratio: Return relative to average drawdown	3.46	12.78	-9.33

TWCUX vs. WWD - Sharpe Ratio Comparison

The current TWCUX Sharpe Ratio is 0.93, which is lower than the WWD Sharpe Ratio of 2.20. The chart below compares the historical Sharpe Ratios of TWCUX and WWD, 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. WWD - Drawdown Comparison

The maximum TWCUX drawdown since its inception was -62.11%, smaller than the maximum WWD drawdown of -83.18%. Use the drawdown chart below to compare losses from any high point for TWCUX and WWD.

Drawdown Indicators

	TWCUX	WWD	Difference
Max Drawdown Largest peak-to-trough decline	-62.11%	-83.18%	+21.07%
Max Drawdown (1Y) Largest decline over 1 year	-15.72%	-15.17%	-0.55%
Max Drawdown (3Y) Largest decline over 3 years	-24.86%	-19.31%	-5.55%
Max Drawdown (5Y) Largest decline over 5 years	-35.23%	-37.25%	+2.02%
Max Drawdown (10Y) Largest decline over 10 years	-35.23%	-60.61%	+25.38%
Current Drawdown Current decline from peak	-7.64%	-0.47%	-7.17%
Average Drawdown Average peak-to-trough decline	-16.79%	-17.85%	+1.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.64%	6.20%	-1.56%

Volatility

TWCUX vs. WWD - Volatility Comparison

The current volatility for American Century Ultra Fund (TWCUX) is 6.78%, while Woodward, Inc. (WWD) has a volatility of 11.87%. This indicates that TWCUX experiences smaller price fluctuations and is considered to be less risky than WWD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TWCUX	WWD	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.78%	11.87%	-5.09%
Volatility (6M) Calculated over the trailing 6-month period	13.60%	28.68%	-15.08%
Volatility (1Y) Calculated over the trailing 1-year period	17.37%	36.07%	-18.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.71%	32.19%	-9.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.13%	35.40%	-13.27%

Dividends

TWCUX vs. WWD - Dividend Comparison

TWCUX's dividend yield for the trailing twelve months is around 11.38%, more than WWD's 0.28% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TWCUX American Century Ultra Fund	11.38%	11.57%	3.58%	6.09%	7.42%	6.78%	2.80%	4.27%	8.24%	5.85%	4.58%	5.21%
WWD Woodward, Inc.	0.28%	0.37%	0.60%	0.65%	0.79%	0.59%	0.43%	0.55%	0.77%	0.65%	0.64%	0.81%

Frequently Asked Questions

Can I hold both TWCUX and WWD in my portfolio?

TWCUX and WWD have a correlation of 0.38, 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 WWD?

WWD has higher volatility (11.87%) compared to TWCUX (6.78%). In terms of maximum drawdown, TWCUX dropped -62.11% vs WWD's -83.18%.

Which has better risk-adjusted returns?

WWD currently has the higher Sharpe Ratio (2.20 vs 0.93), 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.