VIVAX vs. TWEIX
Compare and contrast key facts about Vanguard Value Index Fund (VIVAX) and American Century Equity Income Fund (TWEIX).
VIVAX is managed by Vanguard. It was launched on Nov 2, 1992. TWEIX is managed by American Century. It was launched on Aug 1, 1994.
Performance
VIVAX vs. TWEIX - Performance Comparison
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VIVAX vs. TWEIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VIVAX Vanguard Value Index Fund | 1.61% | 14.50% | 15.85% | 9.08% | -2.18% | 26.32% | 2.18% | 25.66% | -5.56% | 16.98% |
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, VIVAX achieves a 1.61% return, which is significantly lower than TWEIX's 2.58% return. Over the past 10 years, VIVAX has outperformed TWEIX with an annualized return of 11.42%, while TWEIX has yielded a comparatively lower 8.66% annualized return.
VIVAX
- 1D
- -0.17%
- 1M
- -6.37%
- YTD
- 1.61%
- 6M
- 4.57%
- 1Y
- 14.03%
- 3Y*
- 14.10%
- 5Y*
- 10.37%
- 10Y*
- 11.42%
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%
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VIVAX vs. TWEIX - Expense Ratio Comparison
VIVAX has a 0.17% expense ratio, which is lower than TWEIX's 0.94% expense ratio.
Return for Risk
VIVAX vs. TWEIX — Risk / Return Rank
VIVAX
TWEIX
VIVAX vs. TWEIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Value Index Fund (VIVAX) 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.
| VIVAX | TWEIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.03 | 0.91 | +0.12 |
Sortino ratioReturn per unit of downside risk | 1.49 | 1.33 | +0.15 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.18 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.23 | 1.07 | +0.16 |
Martin ratioReturn relative to average drawdown | 5.60 | 4.18 | +1.41 |
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
| VIVAX | TWEIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.03 | 0.91 | +0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.75 | 0.68 | +0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.68 | 0.65 | +0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.75 | -0.21 |
Correlation
The correlation between VIVAX and TWEIX is 0.92, 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
VIVAX vs. TWEIX - Dividend Comparison
VIVAX's dividend yield for the trailing twelve months is around 1.93%, less than TWEIX's 10.11% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VIVAX Vanguard Value Index Fund | 1.93% | 1.42% | 2.19% | 2.33% | 2.39% | 2.02% | 2.43% | 2.39% | 2.59% | 2.18% | 2.33% | 2.46% |
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
VIVAX vs. TWEIX - Drawdown Comparison
The maximum VIVAX drawdown since its inception was -59.38%, which is greater than TWEIX's maximum drawdown of -39.30%. Use the drawdown chart below to compare losses from any high point for VIVAX and TWEIX.
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Drawdown Indicators
| VIVAX | TWEIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.38% | -39.30% | -20.08% |
Max Drawdown (1Y)Largest decline over 1 year | -11.28% | -8.86% | -2.42% |
Max Drawdown (5Y)Largest decline over 5 years | -17.17% | -13.69% | -3.48% |
Max Drawdown (10Y)Largest decline over 10 years | -36.81% | -32.82% | -3.99% |
Current DrawdownCurrent decline from peak | -6.37% | -5.77% | -0.60% |
Average DrawdownAverage peak-to-trough decline | -8.11% | -4.17% | -3.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.49% | 2.33% | +0.16% |
Volatility
VIVAX vs. TWEIX - Volatility Comparison
Vanguard Value Index Fund (VIVAX) has a higher volatility of 3.27% compared to American Century Equity Income Fund (TWEIX) at 2.79%. This indicates that VIVAX'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
| VIVAX | TWEIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.27% | 2.79% | +0.48% |
Volatility (6M)Calculated over the trailing 6-month period | 7.54% | 6.06% | +1.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.83% | 11.59% | +3.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.91% | 10.70% | +3.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.74% | 13.35% | +3.39% |