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VTIVX vs. TWEIX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


VTIVXTWEIX
YTD Return16.50%14.90%
1Y Return28.26%16.62%
3Y Return (Ann)4.55%-0.15%
5Y Return (Ann)10.08%2.66%
10Y Return (Ann)8.85%2.40%
Sharpe Ratio2.721.71
Sortino Ratio3.802.15
Omega Ratio1.511.35
Calmar Ratio2.481.06
Martin Ratio18.206.63
Ulcer Index1.51%2.40%
Daily Std Dev10.09%9.31%
Max Drawdown-51.69%-44.31%
Current Drawdown-0.13%-0.82%

Correlation

-0.50.00.51.00.9

The correlation between VTIVX and TWEIX is 0.89, 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.

Performance

VTIVX vs. TWEIX - Performance Comparison

In the year-to-date period, VTIVX achieves a 16.50% return, which is significantly higher than TWEIX's 14.90% return. Over the past 10 years, VTIVX has outperformed TWEIX with an annualized return of 8.85%, while TWEIX has yielded a comparatively lower 2.40% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-2.00%0.00%2.00%4.00%6.00%8.00%10.00%JuneJulyAugustSeptemberOctoberNovember
9.52%
8.93%
VTIVX
TWEIX

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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.


TWEIX
American Century Equity Income Fund
Expense ratio chart for TWEIX: current value at 0.94% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.94%
Expense ratio chart for VTIVX: current value at 0.08% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.08%

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.


VTIVX
Sharpe ratio
The chart of Sharpe ratio for VTIVX, currently valued at 2.72, compared to the broader market0.002.004.002.72
Sortino ratio
The chart of Sortino ratio for VTIVX, currently valued at 3.80, compared to the broader market0.005.0010.003.80
Omega ratio
The chart of Omega ratio for VTIVX, currently valued at 1.51, compared to the broader market1.002.003.004.001.51
Calmar ratio
The chart of Calmar ratio for VTIVX, currently valued at 2.48, compared to the broader market0.005.0010.0015.0020.0025.002.48
Martin ratio
The chart of Martin ratio for VTIVX, currently valued at 18.20, compared to the broader market0.0020.0040.0060.0080.00100.0018.20
TWEIX
Sharpe ratio
The chart of Sharpe ratio for TWEIX, currently valued at 1.71, compared to the broader market0.002.004.001.71
Sortino ratio
The chart of Sortino ratio for TWEIX, currently valued at 2.15, compared to the broader market0.005.0010.002.15
Omega ratio
The chart of Omega ratio for TWEIX, currently valued at 1.35, compared to the broader market1.002.003.004.001.35
Calmar ratio
The chart of Calmar ratio for TWEIX, currently valued at 1.06, compared to the broader market0.005.0010.0015.0020.0025.001.06
Martin ratio
The chart of Martin ratio for TWEIX, currently valued at 6.63, compared to the broader market0.0020.0040.0060.0080.00100.006.63

VTIVX vs. TWEIX - Sharpe Ratio Comparison

The current VTIVX Sharpe Ratio is 2.72, which is higher than the TWEIX Sharpe Ratio of 1.71. The chart below compares the historical Sharpe Ratios of VTIVX 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.


Rolling 12-month Sharpe Ratio0.001.002.003.00JuneJulyAugustSeptemberOctoberNovember
2.72
1.71
VTIVX
TWEIX

Dividends

VTIVX vs. TWEIX - Dividend Comparison

VTIVX's dividend yield for the trailing twelve months is around 1.96%, less than TWEIX's 2.31% yield.


TTM20232022202120202019201820172016201520142013
VTIVX
Vanguard Target Retirement 2045 Fund
1.96%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
2.31%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.


-12.00%-10.00%-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-0.13%
-0.82%
VTIVX
TWEIX

Volatility

VTIVX vs. TWEIX - Volatility Comparison

Vanguard Target Retirement 2045 Fund (VTIVX) has a higher volatility of 2.75% compared to American Century Equity Income Fund (TWEIX) at 2.49%. 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.


1.00%2.00%3.00%4.00%5.00%JuneJulyAugustSeptemberOctoberNovember
2.75%
2.49%
VTIVX
TWEIX