TWEIX vs. LMVTX

Last updated Jun 24, 2026

TWEIX (American Century Equity Income Fund) and LMVTX (ClearBridge Value Trust) are both Large Cap Value Equities funds. Over the past 10 years, TWEIX returned 8.87%/yr vs 11.97%/yr for LMVTX. Their correlation of 0.80 suggests significant overlap in exposure. TWEIX charges 0.94%/yr vs 1.74%/yr for LMVTX.

Performance

TWEIX vs. LMVTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Century Equity Income Fund (TWEIX) and ClearBridge Value Trust (LMVTX). 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 lower than LMVTX's 11.45% return. Over the past 10 years, TWEIX has underperformed LMVTX with an annualized return of 8.87%, while LMVTX has yielded a comparatively higher 11.97% 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%

LMVTX

• 1D: 0.29%
• 1M: 1.41%
• YTD: 11.45%
• 6M: 10.22%
• 1Y: 21.30%
• 3Y*: 16.11%
• 5Y*: 9.85%
• 10Y*: 11.97%

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

TWEIX vs. LMVTX - 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%
LMVTX ClearBridge Value Trust	11.45%	9.80%	14.22%	18.80%	-7.00%	26.93%	10.63%	26.25%	-13.50%	13.76%

Correlation

The correlation between TWEIX and LMVTX is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.75
Correlation (3Y) Calculated over the trailing 3-year period	0.75
Correlation (5Y) Calculated over the trailing 5-year period	0.79
Correlation (10Y) Calculated over the trailing 10-year period	0.82
Correlation (All Time) Calculated using the full available price history since Jul 29, 1994	0.80

The correlation between TWEIX and LMVTX has been stable across timeframes, ranging from 0.75 to 0.82 - a consistent structural relationship.

Return for Risk

TWEIX vs. LMVTX — 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

LMVTX

LMVTX Risk / Return Rank: 47
LMVTX Sharpe Ratio Rank: 42
LMVTX Sortino Ratio Rank: 39
LMVTX Omega Ratio Rank: 40
LMVTX Calmar Ratio Rank: 59
LMVTX Martin Ratio Rank: 56

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. LMVTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Century Equity Income Fund (TWEIX) and ClearBridge Value Trust (LMVTX). 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	LMVTX	Difference
Sharpe ratio: Return per unit of total volatility	1.97	1.75	+0.22
Sortino ratio: Return per unit of downside risk	2.99	2.44	+0.55
Omega ratio: Gain probability vs. loss probability	1.34	1.31	+0.03
Calmar ratio: Return relative to maximum drawdown	2.61	2.80	-0.20
Martin ratio: Return relative to average drawdown	8.50	10.57	-2.07

TWEIX vs. LMVTX - Sharpe Ratio Comparison

The current TWEIX Sharpe Ratio is 1.97, which is comparable to the LMVTX Sharpe Ratio of 1.75. The chart below compares the historical Sharpe Ratios of TWEIX and LMVTX, 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. LMVTX - Drawdown Comparison

The maximum TWEIX drawdown since its inception was -39.30%, smaller than the maximum LMVTX drawdown of -72.54%. Use the drawdown chart below to compare losses from any high point for TWEIX and LMVTX.

Drawdown Indicators

	TWEIX	LMVTX	Difference
Max Drawdown Largest peak-to-trough decline	-39.30%	-72.54%	+33.24%
Max Drawdown (1Y) Largest decline over 1 year	-6.43%	-7.87%	+1.44%
Max Drawdown (3Y) Largest decline over 3 years	-10.16%	-19.28%	+9.12%
Max Drawdown (5Y) Largest decline over 5 years	-13.69%	-20.79%	+7.10%
Max Drawdown (10Y) Largest decline over 10 years	-32.82%	-40.47%	+7.65%
Current Drawdown Current decline from peak	-1.42%	-0.44%	-0.98%
Average Drawdown Average peak-to-trough decline	-4.15%	-11.95%	+7.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.97%	2.08%	-0.11%

Volatility

TWEIX vs. LMVTX - Volatility Comparison

The current volatility for American Century Equity Income Fund (TWEIX) is 2.54%, while ClearBridge Value Trust (LMVTX) has a volatility of 3.84%. This indicates that TWEIX experiences smaller price fluctuations and is considered to be less risky than LMVTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TWEIX	LMVTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.54%	3.84%	-1.30%
Volatility (6M) Calculated over the trailing 6-month period	6.33%	9.46%	-3.13%
Volatility (1Y) Calculated over the trailing 1-year period	8.51%	12.63%	-4.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.73%	17.71%	-6.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.36%	19.24%	-5.88%

TWEIX vs. LMVTX - Expense Ratio Comparison

TWEIX has a 0.94% expense ratio, which is lower than LMVTX's 1.74% expense ratio.

Dividends

TWEIX vs. LMVTX - Dividend Comparison

TWEIX's dividend yield for the trailing twelve months is around 10.63%, more than LMVTX's 9.27% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LMVTX ClearBridge Value Trust	9.27%	10.33%	10.32%	12.03%	7.85%	18.06%	5.41%	0.00%	1.34%	0.00%	0.10%	0.00%
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 LMVTX in my portfolio?

TWEIX and LMVTX 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, TWEIX or LMVTX?

LMVTX has higher volatility (3.84%) compared to TWEIX (2.54%). In terms of maximum drawdown, TWEIX dropped -39.30% vs LMVTX's -72.54%.

Which has better risk-adjusted returns?

TWEIX currently has the higher Sharpe Ratio (1.97 vs 1.75), 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.