TWSCX vs. TWCGX

Last updated Aug 2, 2026

TWSCX (American Century Strategic Allocation: Conservative Fund) and TWCGX (American Century Growth Fund Investor Class) are both mutual funds - TWSCX is a Diversified Portfolio fund managed by American Century, while TWCGX is a Large Cap Growth Equities fund actively managed by American Century. Over the past 10 years, TWSCX returned 6.13%/yr vs 15.62%/yr for TWCGX. Their correlation of 0.84 means they have usually moved in the same direction. TWSCX charges 0.72%/yr vs 0.96%/yr for TWCGX.

Performance

TWSCX vs. TWCGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Century Strategic Allocation: Conservative Fund (TWSCX) and American Century Growth Fund Investor Class (TWCGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TWSCX achieves a 3.92% return, which is significantly higher than TWCGX's 0.88% return. Over the past 10 years, TWSCX has underperformed TWCGX with an annualized return of 6.13%, while TWCGX has yielded a comparatively higher 15.62% annualized return.

TWSCX

• 1D: 0.69%
• 1M: -0.34%
• 6M: 2.29%
• YTD: 3.92%
• 1Y: 8.71%
• 3Y*: 8.59%
• 5Y*: 3.86%
• 10Y*: 6.13%
• ALL TIME*: 5.80%

TWCGX

• 1D: 2.83%
• 1M: -2.81%
• 6M: 2.63%
• YTD: 0.88%
• 1Y: 10.86%
• 3Y*: 16.43%
• 5Y*: 9.41%
• 10Y*: 15.62%
• ALL TIME*: 11.53%

*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)
TWCGX American Century Growth Fund Investor Class	$0.00	$0.00	$0.00
TWSCX American Century Strategic Allocation: Conservative Fund	$0.00	$0.00	$0.00

TWSCX vs. TWCGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TWSCX American Century Strategic Allocation: Conservative Fund	3.92%	10.44%	7.78%	10.62%	-13.03%	9.35%	13.35%	16.16%	-4.09%	10.81%
TWCGX American Century Growth Fund Investor Class	0.88%	15.28%	26.20%	43.31%	-31.39%	27.86%	35.23%	35.39%	-1.27%	30.06%

Correlation

The correlation between TWSCX and TWCGX is 0.72, 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.	0.72
Correlation (3Y) Balances recent behavior with more history.	0.70
Correlation (5Y) Shows whether the relationship held over a longer period.	0.77
Correlation (10Y) Provides a long-term view across more market conditions.	0.79
Correlation (All Time) Calculated using the full available price history since Feb 15, 1996	0.84

The correlation between TWSCX and TWCGX shifts across timeframes, from 0.70 (3 years) to 0.84 (all time), reflecting how their relationship changes across market environments.

Return for Risk

TWSCX vs. TWCGX — Risk / Return Rank

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

TWSCX

TWSCX Risk / Return Rank: 42
TWSCX Sharpe Ratio Rank: 41
TWSCX Sortino Ratio Rank: 41
TWSCX Omega Ratio Rank: 41
TWSCX Calmar Ratio Rank: 40
TWSCX Martin Ratio Rank: 47

TWCGX

TWCGX Risk / Return Rank: 13
TWCGX Sharpe Ratio Rank: 14
TWCGX Sortino Ratio Rank: 14
TWCGX Omega Ratio Rank: 14
TWCGX Calmar Ratio Rank: 12
TWCGX Martin Ratio Rank: 13

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.

TWSCX vs. TWCGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Century Strategic Allocation: Conservative Fund (TWSCX) and American Century Growth Fund Investor Class (TWCGX). 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.

	TWSCX	TWCGX	Difference
Sharpe ratio: Return per unit of total volatility	1.24	0.51	+0.74
Sortino ratio: Return per unit of downside risk	1.82	0.81	+1.00
Omega ratio: Gain probability vs. loss probability	1.23	1.10	+0.13
Calmar ratio: Return relative to maximum drawdown	1.66	0.53	+1.13
Martin ratio: Return relative to average drawdown	6.73	1.60	+5.13

TWSCX vs. TWCGX - Sharpe Ratio Comparison

The current TWSCX Sharpe Ratio is 1.24, which is higher than the TWCGX Sharpe Ratio of 0.51. The chart below compares the historical Sharpe Ratios of TWSCX and TWCGX, 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

TWSCX vs. TWCGX - Drawdown Comparison

The maximum TWSCX drawdown since its inception was -25.70%, smaller than the maximum TWCGX drawdown of -59.60%. Use the drawdown chart below to compare losses from any high point for TWSCX and TWCGX.

Drawdown Indicators

	TWSCX	TWCGX	Difference
Max Drawdown Largest peak-to-trough decline	-25.70%	-59.60%	+33.90%
Max Drawdown (1Y) Largest decline over 1 year	-4.93%	-16.69%	+11.76%
Max Drawdown (3Y) Largest decline over 3 years	-9.19%	-24.20%	+15.01%
Max Drawdown (5Y) Largest decline over 5 years	-18.92%	-34.92%	+16.00%
Max Drawdown (10Y) Largest decline over 10 years	-19.29%	-34.92%	+15.63%
Current Drawdown Current decline from peak	-0.68%	-7.56%	+6.88%
Average Drawdown Average peak-to-trough decline	-2.82%	-15.26%	+12.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.21%	5.51%	-4.30%

Volatility

TWSCX vs. TWCGX - Volatility Comparison

The current volatility for American Century Strategic Allocation: Conservative Fund (TWSCX) is 1.56%, while American Century Growth Fund Investor Class (TWCGX) has a volatility of 5.53%. This indicates that TWSCX experiences smaller price fluctuations and is considered to be less risky than TWCGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TWSCX	TWCGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.56%	5.53%	-3.97%
Volatility (6M) Calculated over the trailing 6-month period	5.34%	13.84%	-8.50%
Volatility (1Y) Calculated over the trailing 1-year period	6.57%	17.44%	-10.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.68%	21.84%	-13.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.52%	21.41%	-12.89%

TWSCX vs. TWCGX - Expense Ratio Comparison

TWSCX has a 0.72% expense ratio, which is lower than TWCGX's 0.96% expense ratio.

Dividends

TWSCX vs. TWCGX - Dividend Comparison

TWSCX's dividend yield for the trailing twelve months is around 5.15%, less than TWCGX's 16.99% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TWCGX American Century Growth Fund Investor Class	16.99%	17.14%	5.96%	4.81%	4.86%	9.83%	5.33%	5.60%	14.07%	10.28%	4.64%	6.80%
TWSCX American Century Strategic Allocation: Conservative Fund	5.15%	5.46%	7.14%	2.47%	4.82%	8.78%	3.98%	8.65%	8.09%	6.18%	2.76%	6.24%

Frequently Asked Questions

Can I hold both TWSCX and TWCGX in my portfolio?

TWSCX and TWCGX have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TWSCX or TWCGX?

TWCGX has higher volatility (5.53%) compared to TWSCX (1.56%). In terms of maximum drawdown, TWSCX dropped -25.70% vs TWCGX's -59.60%.

Which has better risk-adjusted returns?

TWSCX currently has the higher Sharpe Ratio (1.24 vs 0.51), 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.