CHTRX vs. VWELX

Last updated Jun 3, 2026

CHTRX (Invesco Charter Fund) and VWELX (Vanguard Wellington Fund Investor Shares) are both mutual funds - CHTRX is a Large Cap Blend Equities fund managed by Invesco, while VWELX is a Diversified Portfolio fund managed by Vanguard. Over the past 10 years, CHTRX returned 11.40%/yr vs 10.20%/yr for VWELX. Their correlation of 0.81 suggests significant overlap in exposure. CHTRX charges 1.03%/yr vs 0.24%/yr for VWELX.

Performance

CHTRX vs. VWELX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Charter Fund (CHTRX) and Vanguard Wellington Fund Investor Shares (VWELX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CHTRX achieves a 6.37% return, which is significantly lower than VWELX's 7.11% return. Over the past 10 years, CHTRX has outperformed VWELX with an annualized return of 11.40%, while VWELX has yielded a comparatively lower 10.20% annualized return.

CHTRX

• 1D: -0.22%
• 1M: 3.13%
• YTD: 6.37%
• 6M: 6.63%
• 1Y: 21.44%
• 3Y*: 18.98%
• 5Y*: 10.89%
• 10Y*: 11.40%

VWELX

• 1D: 0.06%
• 1M: 3.86%
• YTD: 7.11%
• 6M: 7.36%
• 1Y: 21.02%
• 3Y*: 15.61%
• 5Y*: 8.97%
• 10Y*: 10.20%

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

CHTRX vs. VWELX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CHTRX Invesco Charter Fund	6.37%	16.02%	25.31%	23.03%	-20.75%	27.21%	13.53%	27.95%	-9.82%	13.24%
VWELX Vanguard Wellington Fund Investor Shares	7.11%	16.54%	14.73%	14.29%	-14.36%	18.99%	10.57%	22.51%	-3.43%	13.98%

Correlation

The correlation between CHTRX and VWELX is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.97
Correlation (3Y) Calculated over the trailing 3-year period	0.95
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (10Y) Calculated over the trailing 10-year period	0.94
Correlation (All Time) Calculated using the full available price history since Jan 3, 1980	0.81

The correlation between CHTRX and VWELX shifts across timeframes, from 0.81 (all time) to 0.97 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

CHTRX vs. VWELX — Risk / Return Rank

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

CHTRX

CHTRX Risk / Return Rank: 38
CHTRX Sharpe Ratio Rank: 40
CHTRX Sortino Ratio Rank: 39
CHTRX Omega Ratio Rank: 39
CHTRX Calmar Ratio Rank: 30
CHTRX Martin Ratio Rank: 41

VWELX

VWELX Risk / Return Rank: 74
VWELX Sharpe Ratio Rank: 78
VWELX Sortino Ratio Rank: 75
VWELX Omega Ratio Rank: 73
VWELX Calmar Ratio Rank: 68
VWELX Martin Ratio Rank: 78

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.

CHTRX vs. VWELX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Charter Fund (CHTRX) and Vanguard Wellington Fund Investor Shares (VWELX). 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.

	CHTRX	VWELX	Difference
Sharpe ratio Return per unit of total volatility	1.85	2.56	-0.71
Sortino ratio Return per unit of downside risk	2.61	3.60	-0.99
Omega ratio Gain probability vs. loss probability	1.34	1.48	-0.14
Calmar ratio Return relative to maximum drawdown	2.09	3.17	-1.08
Martin ratio Return relative to average drawdown	8.95	14.69	-5.74
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CHTRX vs. VWELX - Sharpe Ratio Comparison

The current CHTRX Sharpe Ratio is 1.85, which is comparable to the VWELX Sharpe Ratio of 2.56. The chart below compares the historical Sharpe Ratios of CHTRX and VWELX, 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

	CHTRX	VWELX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.85	2.56	-0.71
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.65	0.81	-0.16
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.60	0.89	-0.29
Sharpe Ratio (All Time) Calculated using the full available price history	0.42	0.84	-0.42

Drawdowns

CHTRX vs. VWELX - Drawdown Comparison

The maximum CHTRX drawdown since its inception was -56.30%, which is greater than VWELX's maximum drawdown of -36.12%. Use the drawdown chart below to compare losses from any high point for CHTRX and VWELX.

Drawdown Indicators

	CHTRX	VWELX	Difference
Max Drawdown Largest peak-to-trough decline	-56.30%	-36.12%	-20.18%
Max Drawdown (1Y) Largest decline over 1 year	-10.77%	-6.78%	-3.99%
Max Drawdown (3Y) Largest decline over 3 years	-18.50%	-11.98%	-6.52%
Max Drawdown (5Y) Largest decline over 5 years	-26.77%	-20.88%	-5.89%
Max Drawdown (10Y) Largest decline over 10 years	-41.18%	-25.33%	-15.85%
Current Drawdown Current decline from peak	-0.48%	0.00%	-0.48%
Average Drawdown Average peak-to-trough decline	-13.28%	-3.92%	-9.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.51%	1.46%	+1.05%

Volatility

CHTRX vs. VWELX - Volatility Comparison

Invesco Charter Fund (CHTRX) has a higher volatility of 3.14% compared to Vanguard Wellington Fund Investor Shares (VWELX) at 2.52%. This indicates that CHTRX's price experiences larger fluctuations and is considered to be riskier than VWELX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CHTRX	VWELX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.14%	2.52%	+0.62%
Volatility (6M) Calculated over the trailing 6-month period	9.22%	6.67%	+2.55%
Volatility (1Y) Calculated over the trailing 1-year period	12.06%	8.38%	+3.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.77%	11.13%	+5.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.18%	11.53%	+7.65%

CHTRX vs. VWELX - Expense Ratio Comparison

CHTRX has a 1.03% expense ratio, which is higher than VWELX's 0.24% expense ratio.

Dividends

CHTRX vs. VWELX - Dividend Comparison

CHTRX's dividend yield for the trailing twelve months is around 6.79%, less than VWELX's 10.76% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CHTRX Invesco Charter Fund	6.79%	7.22%	7.91%	6.24%	4.25%	16.30%	2.35%	17.60%	11.71%	6.92%	10.39%	14.54%
VWELX Vanguard Wellington Fund Investor Shares	10.76%	11.46%	10.76%	6.01%	8.19%	8.64%	7.77%	4.67%	9.49%	5.82%	4.44%	7.03%

Frequently Asked Questions

Can I hold both CHTRX and VWELX in my portfolio?

With a correlation of 0.97, CHTRX and VWELX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, CHTRX or VWELX?

CHTRX has higher volatility (3.14%) compared to VWELX (2.52%). In terms of maximum drawdown, CHTRX dropped -56.30% vs VWELX's -36.12%.

Which has better risk-adjusted returns?

VWELX currently has the higher Sharpe Ratio (2.56 vs 1.85), 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.