TWHIX vs. SPY
Compare and contrast key facts about American Century Heritage Fund (TWHIX) and State Street SPDR S&P 500 ETF (SPY).
TWHIX is managed by American Century. It was launched on Nov 10, 1987. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Performance
TWHIX vs. SPY - Performance Comparison
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TWHIX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TWHIX American Century Heritage Fund | -10.01% | 6.53% | 24.66% | 20.64% | -28.13% | 11.52% | 42.61% | 35.50% | -5.08% | 21.83% |
SPY State Street SPDR S&P 500 ETF | -4.37% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, TWHIX achieves a -10.01% return, which is significantly lower than SPY's -4.37% return. Over the past 10 years, TWHIX has underperformed SPY with an annualized return of 10.49%, while SPY has yielded a comparatively higher 13.98% annualized return.
TWHIX
- 1D
- -1.22%
- 1M
- -9.79%
- YTD
- -10.01%
- 6M
- -13.12%
- 1Y
- 4.24%
- 3Y*
- 9.84%
- 5Y*
- 2.81%
- 10Y*
- 10.49%
SPY
- 1D
- 2.91%
- 1M
- -4.94%
- YTD
- -4.37%
- 6M
- -1.82%
- 1Y
- 17.59%
- 3Y*
- 18.19%
- 5Y*
- 11.69%
- 10Y*
- 13.98%
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TWHIX vs. SPY - Expense Ratio Comparison
TWHIX has a 1.00% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
TWHIX vs. SPY — Risk / Return Rank
TWHIX
SPY
TWHIX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Century Heritage Fund (TWHIX) and State Street SPDR S&P 500 ETF (SPY). 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.
| TWHIX | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.16 | 0.93 | -0.77 |
Sortino ratioReturn per unit of downside risk | 0.40 | 1.45 | -1.05 |
Omega ratioGain probability vs. loss probability | 1.05 | 1.22 | -0.17 |
Calmar ratioReturn relative to maximum drawdown | 0.10 | 1.53 | -1.42 |
Martin ratioReturn relative to average drawdown | 0.32 | 7.30 | -6.98 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TWHIX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.16 | 0.93 | -0.77 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.12 | 0.69 | -0.57 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.46 | 0.78 | -0.32 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.56 | -0.05 |
Correlation
The correlation between TWHIX and SPY is 0.83, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
TWHIX vs. SPY - Dividend Comparison
TWHIX's dividend yield for the trailing twelve months is around 24.60%, more than SPY's 1.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TWHIX American Century Heritage Fund | 24.60% | 22.14% | 15.58% | 0.78% | 0.98% | 12.00% | 13.72% | 11.32% | 25.33% | 9.38% | 8.71% | 0.00% |
SPY State Street SPDR S&P 500 ETF | 1.14% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
TWHIX vs. SPY - Drawdown Comparison
The maximum TWHIX drawdown since its inception was -56.98%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for TWHIX and SPY.
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Drawdown Indicators
| TWHIX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.98% | -55.19% | -1.79% |
Max Drawdown (1Y)Largest decline over 1 year | -15.82% | -12.05% | -3.77% |
Max Drawdown (5Y)Largest decline over 5 years | -40.34% | -24.50% | -15.84% |
Max Drawdown (10Y)Largest decline over 10 years | -40.34% | -33.72% | -6.62% |
Current DrawdownCurrent decline from peak | -15.82% | -6.24% | -9.58% |
Average DrawdownAverage peak-to-trough decline | -12.27% | -9.09% | -3.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.00% | 2.52% | +2.48% |
Volatility
TWHIX vs. SPY - Volatility Comparison
American Century Heritage Fund (TWHIX) has a higher volatility of 6.05% compared to State Street SPDR S&P 500 ETF (SPY) at 5.31%. This indicates that TWHIX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TWHIX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.05% | 5.31% | +0.74% |
Volatility (6M)Calculated over the trailing 6-month period | 13.36% | 9.47% | +3.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.61% | 19.05% | +4.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.25% | 17.06% | +6.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.73% | 17.92% | +4.81% |