TWVLX vs. FGIPX

Last updated Jun 4, 2026

TWVLX (American Century Value Fund) and FGIPX (Nomura Growth and Income Fund Institutional Class) are both Large Cap Value Equities funds. Over the past 10 years, TWVLX returned 10.16%/yr vs 13.12%/yr for FGIPX. Their correlation of 0.92 suggests significant overlap in exposure. TWVLX charges 1.01%/yr vs 0.77%/yr for FGIPX.

Performance

TWVLX vs. FGIPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Century Value Fund (TWVLX) and Nomura Growth and Income Fund Institutional Class (FGIPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TWVLX achieves a 8.79% return, which is significantly lower than FGIPX's 18.05% return. Over the past 10 years, TWVLX has underperformed FGIPX with an annualized return of 10.16%, while FGIPX has yielded a comparatively higher 13.12% annualized return.

TWVLX

• 1D: 0.69%
• 1M: 2.45%
• YTD: 8.79%
• 6M: 9.57%
• 1Y: 22.72%
• 3Y*: 14.41%
• 5Y*: 8.97%
• 10Y*: 10.16%

FGIPX

• 1D: 0.92%
• 1M: 7.15%
• YTD: 18.05%
• 6M: 22.61%
• 1Y: 44.81%
• 3Y*: 26.79%
• 5Y*: 16.57%
• 10Y*: 13.12%

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

TWVLX vs. FGIPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TWVLX American Century Value Fund	8.79%	15.70%	9.10%	8.78%	0.39%	24.41%	0.68%	26.93%	-8.91%	8.50%
FGIPX Nomura Growth and Income Fund Institutional Class	18.05%	30.18%	15.44%	12.17%	3.28%	21.73%	-4.59%	25.96%	-9.95%	18.52%

Correlation

The correlation between TWVLX and FGIPX is 0.80, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.80
Correlation (3Y) Calculated over the trailing 3-year period	0.86
Correlation (5Y) Calculated over the trailing 5-year period	0.91
Correlation (10Y) Calculated over the trailing 10-year period	0.91
Correlation (All Time) Calculated using the full available price history since Apr 8, 2013	0.92

The correlation between TWVLX and FGIPX shifts across timeframes, from 0.80 (1 year) to 0.92 (all time), reflecting how their relationship changes across market environments.

Return for Risk

TWVLX vs. FGIPX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TWVLX

TWVLX Risk / Return Rank: 60
TWVLX Sharpe Ratio Rank: 57
TWVLX Sortino Ratio Rank: 62
TWVLX Omega Ratio Rank: 51
TWVLX Calmar Ratio Rank: 72
TWVLX Martin Ratio Rank: 58

FGIPX

FGIPX Risk / Return Rank: 96
FGIPX Sharpe Ratio Rank: 98
FGIPX Sortino Ratio Rank: 97
FGIPX Omega Ratio Rank: 94
FGIPX Calmar Ratio Rank: 96
FGIPX Martin Ratio Rank: 96

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.

TWVLX vs. FGIPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Century Value Fund (TWVLX) and Nomura Growth and Income Fund Institutional Class (FGIPX). 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.

	TWVLX	FGIPX	Difference
Sharpe ratio: Return per unit of total volatility	2.23	4.03	-1.80
Sortino ratio: Return per unit of downside risk	3.30	5.56	-2.26
Omega ratio: Gain probability vs. loss probability	1.39	1.73	-0.33
Calmar ratio: Return relative to maximum drawdown	3.31	6.33	-3.01
Martin ratio: Return relative to average drawdown	11.58	24.22	-12.64
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TWVLX vs. FGIPX - Sharpe Ratio Comparison

The current TWVLX Sharpe Ratio is 2.23, which is lower than the FGIPX Sharpe Ratio of 4.03. The chart below compares the historical Sharpe Ratios of TWVLX and FGIPX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	TWVLX	FGIPX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.23	4.03	-1.80
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.64	1.12	-0.48
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.58	0.77	-0.19
Sharpe Ratio (All Time) Calculated using the full available price history	0.58	0.74	-0.16

Drawdowns

TWVLX vs. FGIPX - Drawdown Comparison

The maximum TWVLX drawdown since its inception was -53.19%, which is greater than FGIPX's maximum drawdown of -37.32%. Use the drawdown chart below to compare losses from any high point for TWVLX and FGIPX.

Drawdown Indicators

	TWVLX	FGIPX	Difference
Max Drawdown Largest peak-to-trough decline	-53.19%	-37.32%	-15.87%
Max Drawdown (1Y) Largest decline over 1 year	-7.03%	-7.26%	+0.23%
Max Drawdown (3Y) Largest decline over 3 years	-12.83%	-13.27%	+0.44%
Max Drawdown (5Y) Largest decline over 5 years	-17.12%	-16.19%	-0.93%
Max Drawdown (10Y) Largest decline over 10 years	-39.88%	-37.32%	-2.56%
Current Drawdown Current decline from peak	-0.45%	0.00%	-0.45%
Average Drawdown Average peak-to-trough decline	-6.64%	-4.18%	-2.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.01%	1.89%	+0.12%

Volatility

TWVLX vs. FGIPX - Volatility Comparison

American Century Value Fund (TWVLX) and Nomura Growth and Income Fund Institutional Class (FGIPX) have volatilities of 2.75% and 2.79%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TWVLX	FGIPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.75%	2.79%	-0.04%
Volatility (6M) Calculated over the trailing 6-month period	7.63%	8.23%	-0.60%
Volatility (1Y) Calculated over the trailing 1-year period	10.46%	11.40%	-0.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.07%	14.89%	-0.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.71%	17.12%	+0.59%

TWVLX vs. FGIPX - Expense Ratio Comparison

TWVLX has a 1.01% expense ratio, which is higher than FGIPX's 0.77% expense ratio.

Dividends

TWVLX vs. FGIPX - Dividend Comparison

TWVLX's dividend yield for the trailing twelve months is around 9.19%, less than FGIPX's 10.00% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FGIPX Nomura Growth and Income Fund Institutional Class	10.00%	11.68%	12.69%	7.50%	7.35%	12.20%	2.13%	52.72%	25.63%	5.58%	4.22%	5.88%
TWVLX American Century Value Fund	9.19%	10.07%	11.14%	7.34%	15.07%	13.94%	3.49%	8.70%	11.82%	7.24%	3.22%	8.56%

Frequently Asked Questions

Can I hold both TWVLX and FGIPX in my portfolio?

TWVLX and FGIPX have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TWVLX or FGIPX?

FGIPX has higher volatility (2.79%) compared to TWVLX (2.75%). In terms of maximum drawdown, TWVLX dropped -53.19% vs FGIPX's -37.32%.

Which has better risk-adjusted returns?

FGIPX currently has the higher Sharpe Ratio (4.03 vs 2.23), 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.