VTIVX vs. TWEIX
Compare and contrast key facts about Vanguard Target Retirement 2045 Fund (VTIVX) and American Century Equity Income Fund (TWEIX).
VTIVX is managed by Vanguard. It was launched on Oct 27, 2003. TWEIX is managed by American Century Investments. It was launched on Aug 1, 1994.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VTIVX or TWEIX.
Performance
VTIVX vs. TWEIX - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with VTIVX having a 14.82% return and TWEIX slightly lower at 14.29%. Over the past 10 years, VTIVX has outperformed TWEIX with an annualized return of 8.58%, while TWEIX has yielded a comparatively lower 2.26% annualized return.
VTIVX
14.82%
-0.49%
6.73%
21.54%
9.74%
8.58%
TWEIX
14.29%
-0.11%
7.75%
12.90%
2.44%
2.26%
Key characteristics
| VTIVX | TWEIX | |
|---|---|---|
| Sharpe Ratio | 2.14 | 1.42 |
| Sortino Ratio | 2.98 | 1.80 |
| Omega Ratio | 1.39 | 1.29 |
| Calmar Ratio | 2.82 | 0.88 |
| Martin Ratio | 13.84 | 5.47 |
| Ulcer Index | 1.53% | 2.41% |
| Daily Std Dev | 9.91% | 9.26% |
| Max Drawdown | -51.69% | -44.31% |
| Current Drawdown | -1.58% | -1.35% |
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VTIVX vs. TWEIX - Expense Ratio Comparison
VTIVX has a 0.08% expense ratio, which is lower than TWEIX's 0.94% expense ratio.
Correlation
The correlation between VTIVX and TWEIX is 0.88, 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.
Risk-Adjusted Performance
VTIVX vs. TWEIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Target Retirement 2045 Fund (VTIVX) 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.
Dividends
VTIVX vs. TWEIX - Dividend Comparison
VTIVX's dividend yield for the trailing twelve months is around 1.99%, less than TWEIX's 2.32% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VTIVX Vanguard Target Retirement 2045 Fund | 1.99% | 2.28% | 2.13% | 2.22% | 1.60% | 2.23% | 2.39% | 1.90% | 1.99% | 2.17% | 2.05% | 1.88% |
TWEIX American Century Equity Income Fund | 2.32% | 2.54% | 2.31% | 1.86% | 2.00% | 2.26% | 2.84% | 1.86% | 1.96% | 2.55% | 2.49% | 2.39% |
Drawdowns
VTIVX vs. TWEIX - Drawdown Comparison
The maximum VTIVX drawdown since its inception was -51.69%, which is greater than TWEIX's maximum drawdown of -44.31%. Use the drawdown chart below to compare losses from any high point for VTIVX and TWEIX. For additional features, visit the drawdowns tool.
Volatility
VTIVX vs. TWEIX - Volatility Comparison
Vanguard Target Retirement 2045 Fund (VTIVX) has a higher volatility of 2.74% compared to American Century Equity Income Fund (TWEIX) at 2.42%. This indicates that VTIVX'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.