TWGGX vs. VMNVX

Last updated Aug 6, 2026

TWGGX (American Century Focused Global Growth Fund) and VMNVX (Vanguard Global Minimum Volatility Fund Admiral Shares) are both Global Equities funds. Over the past 10 years, TWGGX returned 11.71%/yr vs 8.62%/yr for VMNVX. Their 0.79 correlation means they have sometimes moved together and sometimes differently. TWGGX charges 1.10%/yr vs 0.14%/yr for VMNVX.

Performance

TWGGX vs. VMNVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Century Focused Global Growth Fund (TWGGX) and Vanguard Global Minimum Volatility Fund Admiral Shares (VMNVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TWGGX achieves a 7.73% return, which is significantly lower than VMNVX's 11.61% return. Over the past 10 years, TWGGX has outperformed VMNVX with an annualized return of 11.71%, while VMNVX has yielded a comparatively lower 8.62% annualized return.

TWGGX

• 1D: 1.49%
• 1M: 0.74%
• 6M: 7.17%
• YTD: 7.73%
• 1Y: 8.86%
• 3Y*: 14.36%
• 5Y*: 5.77%
• 10Y*: 11.71%
• ALL TIME*: 9.26%

VMNVX

• 1D: 0.98%
• 1M: 1.47%
• 6M: 7.35%
• YTD: 11.61%
• 1Y: 16.05%
• 3Y*: 14.50%
• 5Y*: 9.35%
• 10Y*: 8.62%
• ALL TIME*: 9.28%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
TWGGX American Century Focused Global Growth Fund	$0.00	$0.00	$0.00
VMNVX Vanguard Global Minimum Volatility Fund Admiral Shares	$0.00	$0.00	$0.00

TWGGX vs. VMNVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TWGGX American Century Focused Global Growth Fund	7.73%	16.50%	13.99%	18.49%	-22.76%	13.83%	27.88%	36.20%	-6.32%	27.49%
VMNVX Vanguard Global Minimum Volatility Fund Admiral Shares	11.61%	12.83%	13.42%	7.94%	-4.46%	15.40%	-3.94%	22.66%	-1.70%	16.03%

Correlation

The correlation between TWGGX and VMNVX is 0.43, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.43
Correlation (3Y) Balances recent behavior with more history.	0.60
Correlation (5Y) Shows whether the relationship held over a longer period.	0.69
Correlation (10Y) Provides a long-term view across more market conditions.	0.77
Correlation (All Time) Calculated using the full available price history since Dec 17, 2013	0.79

Over the past year, the correlation between TWGGX and VMNVX has dropped to 0.43 - well below their long-term average of 0.79, suggesting their price drivers have been diverging.

Return for Risk

TWGGX vs. VMNVX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

TWGGX

TWGGX Risk / Return Rank: 12
TWGGX Sharpe Ratio Rank: 11
TWGGX Sortino Ratio Rank: 11
TWGGX Omega Ratio Rank: 11
TWGGX Calmar Ratio Rank: 10
TWGGX Martin Ratio Rank: 16

VMNVX

VMNVX Risk / Return Rank: 78
VMNVX Sharpe Ratio Rank: 88
VMNVX Sortino Ratio Rank: 88
VMNVX Omega Ratio Rank: 83
VMNVX Calmar Ratio Rank: 66
VMNVX Martin Ratio Rank: 67

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

TWGGX vs. VMNVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Century Focused Global Growth Fund (TWGGX) and Vanguard Global Minimum Volatility Fund Admiral Shares (VMNVX). 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	VMNVX	Difference
Sharpe ratio: Return per unit of total volatility	0.50	2.28	-1.78
Sortino ratio: Return per unit of downside risk	0.82	3.29	-2.47
Omega ratio: Gain probability vs. loss probability	1.10	1.42	-0.32
Calmar ratio: Return relative to maximum drawdown	0.60	2.54	-1.95
Martin ratio: Return relative to average drawdown	2.37	9.82	-7.45

TWGGX vs. VMNVX - Sharpe Ratio Comparison

The current TWGGX Sharpe Ratio is 0.50, which is lower than the VMNVX Sharpe Ratio of 2.28. The chart below compares the historical Sharpe Ratios of TWGGX and VMNVX, 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

TWGGX vs. VMNVX - Drawdown Comparison

The maximum TWGGX drawdown since its inception was -58.08%, which is greater than VMNVX's maximum drawdown of -33.11%. Use the drawdown chart below to compare losses from any high point for TWGGX and VMNVX.

Drawdown Indicators

	TWGGX	VMNVX	Difference
Max Drawdown Largest peak-to-trough decline	-58.08%	-33.11%	-24.97%
Max Drawdown (1Y) Largest decline over 1 year	-14.04%	-6.24%	-7.80%
Max Drawdown (3Y) Largest decline over 3 years	-17.80%	-7.93%	-9.87%
Max Drawdown (5Y) Largest decline over 5 years	-31.23%	-12.93%	-18.30%
Max Drawdown (10Y) Largest decline over 10 years	-32.06%	-33.11%	+1.05%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-14.97%	-2.78%	-12.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.53%	1.61%	+1.92%

Volatility

TWGGX vs. VMNVX - Volatility Comparison

American Century Focused Global Growth Fund (TWGGX) has a higher volatility of 5.85% compared to Vanguard Global Minimum Volatility Fund Admiral Shares (VMNVX) at 1.94%. This indicates that TWGGX's price experiences larger fluctuations and is considered to be riskier than VMNVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TWGGX	VMNVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.85%	1.94%	+3.91%
Volatility (6M) Calculated over the trailing 6-month period	14.48%	5.61%	+8.87%
Volatility (1Y) Calculated over the trailing 1-year period	16.71%	7.02%	+9.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.67%	9.55%	+9.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.74%	11.91%	+6.83%

TWGGX vs. VMNVX - Expense Ratio Comparison

TWGGX has a 1.10% expense ratio, which is higher than VMNVX's 0.14% expense ratio.

Dividends

TWGGX vs. VMNVX - Dividend Comparison

TWGGX's dividend yield for the trailing twelve months is around 8.38%, less than VMNVX's 9.02% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TWGGX American Century Focused Global Growth Fund	8.38%	9.02%	14.90%	3.81%	12.67%	13.16%	11.05%	17.27%	11.31%	12.90%	0.58%	8.61%
VMNVX Vanguard Global Minimum Volatility Fund Admiral Shares	9.02%	10.07%	3.84%	3.13%	5.03%	6.33%	2.15%	4.62%	7.37%	2.31%	2.82%	3.30%

Frequently Asked Questions

Can I hold both TWGGX and VMNVX in my portfolio?

TWGGX and VMNVX have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TWGGX or VMNVX?

TWGGX has higher volatility (5.85%) compared to VMNVX (1.94%). In terms of maximum drawdown, TWGGX dropped -58.08% vs VMNVX's -33.11%.

Which has better risk-adjusted returns?

VMNVX currently has the higher Sharpe Ratio (2.28 vs 0.50), 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.