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TWHIX vs. TWEIX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

TWHIX vs. TWEIX

Last updated Apr 1, 2026

Compare and contrast key facts about American Century Heritage Fund (TWHIX) and American Century Equity Income Fund (TWEIX).

TWHIX is managed by American Century. It was launched on Nov 10, 1987. TWEIX is managed by American Century. It was launched on Aug 1, 1994.

Performance

TWHIX vs. TWEIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Century Heritage Fund (TWHIX) and American Century Equity Income Fund (TWEIX). The values are adjusted to include any dividend payments, if applicable.

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TWHIX vs. TWEIX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
TWEIX
American Century Equity Income Fund		2.58%11.84%10.51%3.92%-3.06%16.83%1.10%24.14%-3.77%13.35%

Returns By Period

In the year-to-date period, TWHIX achieves a -10.01% return, which is significantly lower than TWEIX's 2.58% return. Over the past 10 years, TWHIX has outperformed TWEIX with an annualized return of 10.49%, while TWEIX has yielded a comparatively lower 8.66% 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%

TWEIX

1D
-0.12%
1M
-5.77%
YTD
2.58%
6M
4.41%
1Y
9.60%
3Y*
9.46%
5Y*
7.27%
10Y*
8.66%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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American Century Heritage Fund

American Century Equity Income Fund

Often compared with TWHIX:
TWHIX vs. BULIXTWHIX vs. VOOTWHIX vs. FSKAXTWHIX vs. MIDTWHIX vs. FCNTXTWHIX vs. SPYTWHIX vs. QQQ
Often compared with TWEIX:
TWEIX vs. VTIVXTWEIX vs. BIGRXTWEIX vs. BEGIXTWEIX vs. YACKXTWEIX vs. SCHDTWEIX vs. LMVTXTWEIX vs. VT

TWHIX vs. TWEIX - Expense Ratio Comparison

TWHIX has a 1.00% expense ratio, which is higher than TWEIX's 0.94% expense ratio.

TWHIX
American Century Heritage Fund
TWEIX
American Century Equity Income Fund

Return for Risk

TWHIX vs. TWEIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
TWHIX
TWHIX Risk / Return Rank: 99
Overall Rank
TWHIX Sharpe Ratio Rank: 99
Sharpe Ratio Rank
TWHIX Sortino Ratio Rank: 1010
Sortino Ratio Rank
TWHIX Omega Ratio Rank: 99
Omega Ratio Rank
TWHIX Calmar Ratio Rank: 88
Calmar Ratio Rank
TWHIX Martin Ratio Rank: 88
Martin Ratio Rank
TWEIX
TWEIX Risk / Return Rank: 4444
Overall Rank
TWEIX Sharpe Ratio Rank: 4747
Sharpe Ratio Rank
TWEIX Sortino Ratio Rank: 4646
Sortino Ratio Rank
TWEIX Omega Ratio Rank: 4343
Omega Ratio Rank
TWEIX Calmar Ratio Rank: 4242
Calmar Ratio Rank
TWEIX Martin Ratio Rank: 4141
Martin Ratio Rank
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.

TWHIX vs. TWEIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Century Heritage Fund (TWHIX) and American Century Equity Income Fund (TWEIX). 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.

TWHIXTWEIXDifference

Sharpe ratio

Return per unit of total volatility

0.16

0.91

-0.75

Sortino ratio

Return per unit of downside risk

0.40

1.33

-0.93

Omega ratio

Gain probability vs. loss probability

1.05

1.18

-0.13

Calmar ratio

Return relative to maximum drawdown

0.10

1.07

-0.97

Martin ratio

Return relative to average drawdown

0.32

4.18

-3.87

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TWHIX vs. TWEIX - Sharpe Ratio Comparison

The current TWHIX Sharpe Ratio is 0.16, which is lower than the TWEIX Sharpe Ratio of 0.91. The chart below compares the historical Sharpe Ratios of TWHIX and TWEIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

TWHIXTWEIXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.16

0.91

-0.75

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.12

0.68

-0.56

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.46

0.65

-0.19

Sharpe Ratio (All Time)

Calculated using the full available price history

0.51

0.75

-0.24

Correlation

The correlation between TWHIX and TWEIX is 0.72, 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. TWEIX - Dividend Comparison

TWHIX's dividend yield for the trailing twelve months is around 24.60%, more than TWEIX's 10.11% yield.

TTM20252024202320222021202020192018201720162015
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%
TWEIX
American Century Equity Income Fund		10.11%10.35%11.51%8.02%8.76%6.83%2.00%7.38%8.79%11.95%7.88%10.49%

Drawdowns

TWHIX vs. TWEIX - Drawdown Comparison

The maximum TWHIX drawdown since its inception was -56.98%, which is greater than TWEIX's maximum drawdown of -39.30%. Use the drawdown chart below to compare losses from any high point for TWHIX and TWEIX.

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Drawdown Indicators

TWHIXTWEIXDifference

Max Drawdown

Largest peak-to-trough decline

-56.98%

-39.30%

-17.68%

Max Drawdown (1Y)

Largest decline over 1 year

-15.82%

-8.86%

-6.96%

Max Drawdown (5Y)

Largest decline over 5 years

-40.34%

-13.69%

-26.65%

Max Drawdown (10Y)

Largest decline over 10 years

-40.34%

-32.82%

-7.52%

Current Drawdown

Current decline from peak

-15.82%

-5.77%

-10.05%

Average Drawdown

Average peak-to-trough decline

-12.27%

-4.17%

-8.10%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.00%

2.33%

+2.67%

Volatility

TWHIX vs. TWEIX - Volatility Comparison

American Century Heritage Fund (TWHIX) has a higher volatility of 6.05% compared to American Century Equity Income Fund (TWEIX) at 2.79%. This indicates that TWHIX's price experiences larger fluctuations and is considered to be riskier than TWEIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

TWHIXTWEIXDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.05%

2.79%

+3.26%

Volatility (6M)

Calculated over the trailing 6-month period

13.36%

6.06%

+7.30%

Volatility (1Y)

Calculated over the trailing 1-year period

23.61%

11.59%

+12.02%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

23.25%

10.70%

+12.55%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.73%

13.35%

+9.38%