TWGGX vs. ACWI
TWGGX (American Century Focused Global Growth Fund) and ACWI (iShares MSCI ACWI ETF) are both Global Equities funds. Over the past 10 years, TWGGX returned 12.43%/yr vs 13.09%/yr for ACWI. Their correlation of 0.94 suggests significant overlap in exposure. TWGGX charges 1.10%/yr vs 0.32%/yr for ACWI.
Performance
TWGGX vs. ACWI - Performance Comparison
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Returns By Period
In the year-to-date period, TWGGX achieves a 6.68% return, which is significantly lower than ACWI's 9.86% return. Over the past 10 years, TWGGX has underperformed ACWI with an annualized return of 12.43%, while ACWI has yielded a comparatively higher 13.09% annualized return.
TWGGX
- 1D
- 0.00%
- 1M
- 1.85%
- YTD
- 6.68%
- 6M
- 5.75%
- 1Y
- 13.72%
- 3Y*
- 14.82%
- 5Y*
- 5.69%
- 10Y*
- 12.43%
ACWI
- 1D
- -2.00%
- 1M
- -0.35%
- YTD
- 9.86%
- 6M
- 9.11%
- 1Y
- 25.60%
- 3Y*
- 20.00%
- 5Y*
- 10.74%
- 10Y*
- 13.09%
TWGGX vs. ACWI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TWGGX American Century Focused Global Growth Fund | 6.68% | 16.50% | 13.99% | 18.49% | -22.76% | 13.83% | 27.88% | 36.20% | -6.32% | 27.49% |
ACWI iShares MSCI ACWI ETF | 9.86% | 22.41% | 17.45% | 22.27% | -18.39% | 18.66% | 16.34% | 26.59% | -9.19% | 24.33% |
Correlation
The correlation between TWGGX and ACWI is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Mar 28, 2008 | 0.94 |
The correlation between TWGGX and ACWI has been stable across timeframes, ranging from 0.92 to 0.95 - a consistent structural relationship.
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Return for Risk
TWGGX vs. ACWI — Risk / Return Rank
TWGGX
ACWI
TWGGX vs. ACWI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Century Focused Global Growth Fund (TWGGX) and iShares MSCI ACWI ETF (ACWI). 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.
| TWGGX | ACWI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.93 | ||
| Sortino ratioReturn per unit of downside risk | -1.17 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.34 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.07 | 2.64 | -1.58 |
| Martin ratioReturn relative to average drawdown | 4.35 | 11.51 | -7.16 |
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Drawdowns
TWGGX vs. ACWI - Drawdown Comparison
The maximum TWGGX drawdown since its inception was -58.08%, roughly equal to the maximum ACWI drawdown of -56.00%. Use the drawdown chart below to compare losses from any high point for TWGGX and ACWI.
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Drawdown Indicators
| TWGGX | ACWI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.08% | -56.00% | -2.08% |
Max Drawdown (1Y)Largest decline over 1 year | -14.04% | -9.73% | -4.31% |
Max Drawdown (3Y)Largest decline over 3 years | -17.80% | -16.55% | -1.25% |
Max Drawdown (5Y)Largest decline over 5 years | -31.23% | -26.42% | -4.81% |
Max Drawdown (10Y)Largest decline over 10 years | -32.06% | -33.53% | +1.47% |
Current DrawdownCurrent decline from peak | 0.00% | -2.83% | +2.83% |
Average DrawdownAverage peak-to-trough decline | -15.03% | -8.59% | -6.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.44% | 2.23% | +1.21% |
Volatility
TWGGX vs. ACWI - Volatility Comparison
American Century Focused Global Growth Fund (TWGGX) has a higher volatility of 6.48% compared to iShares MSCI ACWI ETF (ACWI) at 5.57%. This indicates that TWGGX's price experiences larger fluctuations and is considered to be riskier than ACWI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TWGGX | ACWI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.48% | 5.57% | +0.91% |
Volatility (6M)Calculated over the trailing 6-month period | 13.20% | 11.38% | +1.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.61% | 13.64% | +1.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.49% | 16.20% | +2.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.77% | 17.08% | +1.69% |
TWGGX vs. ACWI - Expense Ratio Comparison
TWGGX has a 1.10% expense ratio, which is higher than ACWI's 0.32% expense ratio.
Dividends
TWGGX vs. ACWI - Dividend Comparison
TWGGX's dividend yield for the trailing twelve months is around 8.46%, more than ACWI's 1.45% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ACWI iShares MSCI ACWI ETF | 1.45% | 1.55% | 1.70% | 1.88% | 1.79% | 1.71% | 1.43% | 2.33% | 2.18% | 1.94% | 2.19% | 2.56% |
TWGGX American Century Focused Global Growth Fund | 8.46% | 9.02% | 14.90% | 3.81% | 12.67% | 13.16% | 11.05% | 17.27% | 11.31% | 12.90% | 0.58% | 8.61% |
Frequently Asked Questions
With a correlation of 0.92, TWGGX and ACWI 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.
TWGGX has higher volatility (6.48%) compared to ACWI (5.57%). In terms of maximum drawdown, TWGGX dropped -58.08% vs ACWI's -56.00%.
ACWI currently has the higher Sharpe Ratio (1.89 vs 0.96), 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.
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