BINC vs. VWIAX

Last updated Jun 4, 2026

BINC (iShares Flexible Income Active ETF) and VWIAX (Vanguard Wellesley Income Fund Admiral Shares) are both funds - BINC is a Multisector Bonds fund actively managed by iShares, while VWIAX is a Diversified Portfolio fund managed by Vanguard. Over the past 3 years, BINC returned 7.02%/yr vs 8.94%/yr for VWIAX. A 0.71 correlation means they provide meaningful diversification when combined. BINC charges 0.40%/yr vs 0.16%/yr for VWIAX.

Performance

BINC vs. VWIAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Flexible Income Active ETF (BINC) and Vanguard Wellesley Income Fund Admiral Shares (VWIAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BINC achieves a 0.90% return, which is significantly lower than VWIAX's 3.59% return.

BINC

• 1D: -0.12%
• 1M: 0.54%
• YTD: 0.90%
• 6M: 1.22%
• 1Y: 5.80%
• 3Y*: 7.02%
• 5Y*: —
• 10Y*: —

VWIAX

• 1D: 0.30%
• 1M: 1.26%
• YTD: 3.59%
• 6M: 3.59%
• 1Y: 11.43%
• 3Y*: 8.94%
• 5Y*: 4.22%
• 10Y*: 5.88%

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

BINC vs. VWIAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
BINC iShares Flexible Income Active ETF	0.90%	7.57%	5.76%	7.08%
VWIAX Vanguard Wellesley Income Fund Admiral Shares	3.59%	11.08%	5.92%	6.58%

Correlation

The correlation between BINC and VWIAX is 0.71, 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	0.71
Correlation (3Y) Calculated over the trailing 3-year period	0.71
Correlation (All Time) Calculated using the full available price history since May 24, 2023	0.72

The correlation between BINC and VWIAX has been stable across timeframes, ranging from 0.71 to 0.71 - a consistent structural relationship.

BINC vs. VWIAX - Sectors Allocation Comparison

Sectors	BINC	VWIAX
Financial Services	0.1%	7.9%
Basic Materials	0.0%	1.4%
Industrials	0.0%	3.6%
Energy	0.0%	3.1%
Consumer Cyclical	-	1.9%
Consumer Defensive	-	3.6%
Technology	-	4.2%
Utilities	-	3.6%
Real Estate	-0.0%	1.1%
Healthcare	-0.0%	5.7%
Communication Services	-0.0%	1.1%

Return for Risk

BINC vs. VWIAX — Risk / Return Rank

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

BINC

BINC Risk / Return Rank: 67
BINC Sharpe Ratio Rank: 77
BINC Sortino Ratio Rank: 82
BINC Omega Ratio Rank: 83
BINC Calmar Ratio Rank: 43
BINC Martin Ratio Rank: 50

VWIAX

VWIAX Risk / Return Rank: 58
VWIAX Sharpe Ratio Rank: 61
VWIAX Sortino Ratio Rank: 63
VWIAX Omega Ratio Rank: 58
VWIAX Calmar Ratio Rank: 55
VWIAX Martin Ratio Rank: 52

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.

BINC vs. VWIAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Flexible Income Active ETF (BINC) and Vanguard Wellesley Income Fund Admiral Shares (VWIAX). 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.

	BINC	VWIAX	Difference
Sharpe ratio: Return per unit of total volatility	2.56	2.30	+0.25
Sortino ratio: Return per unit of downside risk	3.71	3.32	+0.39
Omega ratio: Gain probability vs. loss probability	1.51	1.43	+0.09
Calmar ratio: Return relative to maximum drawdown	2.17	2.84	-0.67
Martin ratio: Return relative to average drawdown	8.53	10.69	-2.15
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BINC vs. VWIAX - Sharpe Ratio Comparison

The current BINC Sharpe Ratio is 2.56, which is comparable to the VWIAX Sharpe Ratio of 2.30. The chart below compares the historical Sharpe Ratios of BINC and VWIAX, 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

	BINC	VWIAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.56	2.30	+0.25
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.61	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.85	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.36	0.94	+1.43

Drawdowns

BINC vs. VWIAX - Drawdown Comparison

The maximum BINC drawdown since its inception was -2.69%, smaller than the maximum VWIAX drawdown of -21.64%. Use the drawdown chart below to compare losses from any high point for BINC and VWIAX.

Drawdown Indicators

	BINC	VWIAX	Difference
Max Drawdown Largest peak-to-trough decline	-2.69%	-21.64%	+18.95%
Max Drawdown (1Y) Largest decline over 1 year	-2.69%	-4.15%	+1.46%
Max Drawdown (3Y) Largest decline over 3 years	-2.69%	-6.96%	+4.27%
Max Drawdown (5Y) Largest decline over 5 years	—	-15.26%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-17.41%	—
Current Drawdown Current decline from peak	-0.49%	0.00%	-0.49%
Average Drawdown Average peak-to-trough decline	-0.36%	-2.22%	+1.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.68%	1.10%	-0.42%

Volatility

BINC vs. VWIAX - Volatility Comparison

The current volatility for iShares Flexible Income Active ETF (BINC) is 0.75%, while Vanguard Wellesley Income Fund Admiral Shares (VWIAX) has a volatility of 1.66%. This indicates that BINC experiences smaller price fluctuations and is considered to be less risky than VWIAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BINC	VWIAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.75%	1.66%	-0.91%
Volatility (6M) Calculated over the trailing 6-month period	1.84%	3.90%	-2.06%
Volatility (1Y) Calculated over the trailing 1-year period	2.28%	5.12%	-2.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.00%	6.97%	-3.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.00%	6.92%	-3.92%

BINC vs. VWIAX - Expense Ratio Comparison

BINC has a 0.40% expense ratio, which is higher than VWIAX's 0.16% expense ratio.

Dividends

BINC vs. VWIAX - Dividend Comparison

BINC's dividend yield for the trailing twelve months is around 5.86%, less than VWIAX's 7.75% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BINC iShares Flexible Income Active ETF	5.86%	5.86%	6.14%	3.13%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VWIAX Vanguard Wellesley Income Fund Admiral Shares	7.75%	7.93%	6.69%	4.80%	7.75%	6.11%	4.37%	4.00%	7.64%	3.25%	4.07%	5.66%

Frequently Asked Questions

Can I hold both BINC and VWIAX in my portfolio?

BINC and VWIAX have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BINC or VWIAX?

VWIAX has higher volatility (1.66%) compared to BINC (0.75%). In terms of maximum drawdown, BINC dropped -2.69% vs VWIAX's -21.64%.

Which has better risk-adjusted returns?

BINC currently has the higher Sharpe Ratio (2.56 vs 2.30), 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.