TWEIX vs. AGBVX

Last updated Jun 24, 2026

TWEIX (American Century Equity Income Fund) and AGBVX (American Century Global Bond Fund) are both mutual funds - TWEIX is a Large Cap Value Equities fund managed by American Century, while AGBVX is a Global Bonds fund managed by American Century. Over the past 10 years, TWEIX returned 8.87%/yr vs 1.48%/yr for AGBVX. At a 0.05 correlation, their price movements are largely independent. TWEIX charges 0.94%/yr vs 0.80%/yr for AGBVX.

Performance

TWEIX vs. AGBVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Century Equity Income Fund (TWEIX) and American Century Global Bond Fund (AGBVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TWEIX achieves a 7.32% return, which is significantly higher than AGBVX's 1.01% return. Over the past 10 years, TWEIX has outperformed AGBVX with an annualized return of 8.87%, while AGBVX has yielded a comparatively lower 1.48% annualized return.

TWEIX

• 1D: 0.00%
• 1M: -0.01%
• YTD: 7.32%
• 6M: 6.94%
• 1Y: 15.86%
• 3Y*: 10.89%
• 5Y*: 7.45%
• 10Y*: 8.87%

AGBVX

• 1D: -0.23%
• 1M: 0.75%
• YTD: 1.01%
• 6M: 1.13%
• 1Y: 3.52%
• 3Y*: 3.95%
• 5Y*: 0.14%
• 10Y*: 1.48%

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

TWEIX vs. AGBVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TWEIX American Century Equity Income Fund	7.32%	11.84%	10.51%	3.92%	-3.06%	16.83%	1.10%	24.14%	-3.77%	13.35%
AGBVX American Century Global Bond Fund	1.01%	4.86%	2.26%	6.58%	-12.84%	-1.24%	4.58%	8.41%	-0.33%	3.74%

Correlation

The correlation between TWEIX and AGBVX is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.30
Correlation (3Y) Calculated over the trailing 3-year period	0.27
Correlation (5Y) Calculated over the trailing 5-year period	0.19
Correlation (10Y) Calculated over the trailing 10-year period	0.08
Correlation (All Time) Calculated using the full available price history since Jan 2, 2013	0.05

Over the past year, TWEIX and AGBVX have become more correlated (0.30) than their long-term average of 0.05, meaning their price movements have been converging.

Return for Risk

TWEIX vs. AGBVX — Risk / Return Rank

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

TWEIX

TWEIX Risk / Return Rank: 51
TWEIX Sharpe Ratio Rank: 53
TWEIX Sortino Ratio Rank: 61
TWEIX Omega Ratio Rank: 47
TWEIX Calmar Ratio Rank: 51
TWEIX Martin Ratio Rank: 42

AGBVX

AGBVX Risk / Return Rank: 22
AGBVX Sharpe Ratio Rank: 24
AGBVX Sortino Ratio Rank: 24
AGBVX Omega Ratio Rank: 24
AGBVX Calmar Ratio Rank: 17
AGBVX Martin Ratio Rank: 20

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.

TWEIX vs. AGBVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Century Equity Income Fund (TWEIX) and American Century Global Bond Fund (AGBVX). 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.

	TWEIX	AGBVX	Difference
Sharpe ratio: Return per unit of total volatility	1.97	1.28	+0.69
Sortino ratio: Return per unit of downside risk	2.99	1.87	+1.12
Omega ratio: Gain probability vs. loss probability	1.34	1.24	+0.11
Calmar ratio: Return relative to maximum drawdown	2.61	1.39	+1.21
Martin ratio: Return relative to average drawdown	8.50	4.69	+3.81

TWEIX vs. AGBVX - Sharpe Ratio Comparison

The current TWEIX Sharpe Ratio is 1.97, which is higher than the AGBVX Sharpe Ratio of 1.28. The chart below compares the historical Sharpe Ratios of TWEIX and AGBVX, 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

TWEIX vs. AGBVX - Drawdown Comparison

The maximum TWEIX drawdown since its inception was -39.30%, which is greater than AGBVX's maximum drawdown of -16.32%. Use the drawdown chart below to compare losses from any high point for TWEIX and AGBVX.

Drawdown Indicators

	TWEIX	AGBVX	Difference
Max Drawdown Largest peak-to-trough decline	-39.30%	-16.32%	-22.98%
Max Drawdown (1Y) Largest decline over 1 year	-6.43%	-2.71%	-3.72%
Max Drawdown (3Y) Largest decline over 3 years	-10.16%	-4.78%	-5.38%
Max Drawdown (5Y) Largest decline over 5 years	-13.69%	-16.32%	+2.63%
Max Drawdown (10Y) Largest decline over 10 years	-32.82%	-16.32%	-16.50%
Current Drawdown Current decline from peak	-1.42%	-0.82%	-0.60%
Average Drawdown Average peak-to-trough decline	-4.15%	-3.31%	-0.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.97%	0.80%	+1.17%

Volatility

TWEIX vs. AGBVX - Volatility Comparison

American Century Equity Income Fund (TWEIX) has a higher volatility of 2.54% compared to American Century Global Bond Fund (AGBVX) at 0.89%. This indicates that TWEIX's price experiences larger fluctuations and is considered to be riskier than AGBVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TWEIX	AGBVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.54%	0.89%	+1.65%
Volatility (6M) Calculated over the trailing 6-month period	6.33%	2.40%	+3.93%
Volatility (1Y) Calculated over the trailing 1-year period	8.51%	2.96%	+5.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.73%	4.42%	+6.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.36%	3.72%	+9.64%

TWEIX vs. AGBVX - Expense Ratio Comparison

TWEIX has a 0.94% expense ratio, which is higher than AGBVX's 0.80% expense ratio.

Dividends

TWEIX vs. AGBVX - Dividend Comparison

TWEIX's dividend yield for the trailing twelve months is around 10.63%, more than AGBVX's 5.25% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AGBVX American Century Global Bond Fund	5.25%	4.68%	2.71%	1.88%	7.39%	2.15%	0.90%	1.72%	6.01%	1.91%	1.43%	0.44%
TWEIX American Century Equity Income Fund	10.63%	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 TWEIX and AGBVX in my portfolio?

TWEIX and AGBVX have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TWEIX or AGBVX?

TWEIX has higher volatility (2.54%) compared to AGBVX (0.89%). In terms of maximum drawdown, TWEIX dropped -39.30% vs AGBVX's -16.32%.

Which has better risk-adjusted returns?

TWEIX currently has the higher Sharpe Ratio (1.97 vs 1.28), 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.