TWHIX vs. QQQ
TWHIX (American Century Heritage Fund) and QQQ (Invesco QQQ ETF) are both funds - TWHIX is a Mid Cap Growth Equities fund managed by American Century, while QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Over the past 10 years, TWHIX returned 11.27%/yr vs 20.44%/yr for QQQ. Their correlation of 0.82 means they have usually moved in the same direction. TWHIX charges 1.00%/yr vs 0.18%/yr for QQQ.
Performance
TWHIX vs. QQQ - Performance Comparison
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Returns By Period
In the year-to-date period, TWHIX achieves a 3.13% return, which is significantly lower than QQQ's 12.26% return. Over the past 10 years, TWHIX has underperformed QQQ with an annualized return of 11.27%, while QQQ has yielded a comparatively higher 20.44% annualized return.
TWHIX
- 1D
- 2.10%
- 1M
- -3.99%
- 6M
- 3.23%
- YTD
- 3.13%
- 1Y
- 0.36%
- 3Y*
- 11.89%
- 5Y*
- 3.31%
- 10Y*
- 11.27%
- ALL TIME*
- 10.98%
QQQ
- 1D
- 0.65%
- 1M
- -3.45%
- 6M
- 10.89%
- YTD
- 12.26%
- 1Y
- 24.81%
- 3Y*
- 22.29%
- 5Y*
- 14.23%
- 10Y*
- 20.44%
- ALL TIME*
- 10.64%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $30.32B | $28.40B | $31.45B | |
| $0.00 | $0.00 | $0.00 |
TWHIX vs. QQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TWHIX American Century Heritage Fund | 3.13% | 6.53% | 24.66% | 20.64% | -28.13% | 11.52% | 42.61% | 35.50% | -5.08% | 21.83% |
QQQ Invesco QQQ ETF | 12.26% | 20.77% | 25.58% | 54.86% | -32.58% | 27.42% | 48.62% | 38.96% | -0.13% | 32.66% |
Correlation
The correlation between TWHIX and QQQ is 0.78, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.78 |
Correlation (3Y) Balances recent behavior with more history. | 0.80 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.85 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.84 |
Correlation (All Time) Calculated using the full available price history since Mar 10, 1999 | 0.82 |
The correlation between TWHIX and QQQ has been stable across timeframes, ranging from 0.78 to 0.85 - a consistent structural relationship.
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Return for Risk
TWHIX vs. QQQ — Risk / Return Rank
TWHIX
QQQ
TWHIX vs. QQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Century Heritage Fund (TWHIX) and Invesco QQQ ETF (QQQ). 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.
| TWHIX | QQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.27 | ||
| Sortino ratioReturn per unit of downside risk | -1.67 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.21 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | -0.13 | 1.88 | -2.00 |
| Martin ratioReturn relative to average drawdown | -0.36 | 6.00 | -6.35 |
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Drawdowns
TWHIX vs. QQQ - Drawdown Comparison
The maximum TWHIX drawdown since its inception was -56.98%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for TWHIX and QQQ.
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Drawdown Indicators
| TWHIX | QQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.98% | -82.97% | +25.99% |
Max Drawdown (1Y)Largest decline over 1 year | -15.82% | -11.96% | -3.86% |
Max Drawdown (3Y)Largest decline over 3 years | -26.30% | -22.77% | -3.53% |
Max Drawdown (5Y)Largest decline over 5 years | -40.34% | -35.12% | -5.22% |
Max Drawdown (10Y)Largest decline over 10 years | -40.34% | -35.12% | -5.22% |
Current DrawdownCurrent decline from peak | -5.18% | -7.69% | +2.51% |
Average DrawdownAverage peak-to-trough decline | -12.21% | -32.62% | +20.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.57% | 3.74% | +1.83% |
Volatility
TWHIX vs. QQQ - Volatility Comparison
The current volatility for American Century Heritage Fund (TWHIX) is 4.82%, while Invesco QQQ ETF (QQQ) has a volatility of 6.87%. This indicates that TWHIX experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TWHIX | QQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.82% | 6.87% | -2.05% |
Volatility (6M)Calculated over the trailing 6-month period | 14.77% | 16.08% | -1.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.53% | 19.38% | -0.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.41% | 22.90% | +0.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.85% | 22.50% | +0.35% |
TWHIX vs. QQQ - Expense Ratio Comparison
TWHIX has a 1.00% expense ratio, which is higher than QQQ's 0.18% expense ratio.
Dividends
TWHIX vs. QQQ - Dividend Comparison
TWHIX's dividend yield for the trailing twelve months is around 21.47%, more than QQQ's 0.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QQQ Invesco QQQ ETF | 0.44% | 0.45% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% |
TWHIX American Century Heritage Fund | 21.47% | 22.14% | 15.58% | 0.78% | 0.98% | 12.00% | 13.72% | 11.32% | 25.33% | 9.38% | 8.71% | 0.00% |
Frequently Asked Questions
TWHIX and QQQ have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QQQ has higher volatility (6.87%) compared to TWHIX (4.82%). In terms of maximum drawdown, TWHIX dropped -56.98% vs QQQ's -82.97%.
QQQ currently has the higher Sharpe Ratio (1.16 vs -0.11), 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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