GAM vs. VWENX
Compare and contrast key facts about General American Investors Company, Inc. (GAM) and Vanguard Wellington Fund Admiral Shares (VWENX).
VWENX is managed by Vanguard. It was launched on May 14, 2001.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GAM or VWENX.
Key characteristics
| GAM | VWENX | |
|---|---|---|
| YTD Return | 27.26% | 16.08% |
| 1Y Return | 37.30% | 24.43% |
| 3Y Return (Ann) | 15.74% | 0.79% |
| 5Y Return (Ann) | 14.16% | 4.76% |
| 10Y Return (Ann) | 10.09% | 4.43% |
| Sharpe Ratio | 3.11 | 2.87 |
| Sortino Ratio | 4.06 | 4.00 |
| Omega Ratio | 1.57 | 1.55 |
| Calmar Ratio | 5.00 | 1.25 |
| Martin Ratio | 23.54 | 20.14 |
| Ulcer Index | 1.63% | 1.20% |
| Daily Std Dev | 12.36% | 8.44% |
| Max Drawdown | -66.66% | -38.68% |
| Current Drawdown | -0.89% | -0.35% |
Correlation
The correlation between GAM and VWENX is 0.81, 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
GAM vs. VWENX - Performance Comparison
In the year-to-date period, GAM achieves a 27.26% return, which is significantly higher than VWENX's 16.08% return. Over the past 10 years, GAM has outperformed VWENX with an annualized return of 10.09%, while VWENX has yielded a comparatively lower 4.43% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
GAM vs. VWENX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for General American Investors Company, Inc. (GAM) and Vanguard Wellington Fund Admiral Shares (VWENX). 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
GAM vs. VWENX - Dividend Comparison
GAM has not paid dividends to shareholders, while VWENX's dividend yield for the trailing twelve months is around 5.45%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GAM General American Investors Company, Inc. | 0.00% | 6.17% | 9.32% | 7.42% | 0.62% | 0.98% | 9.67% | 1.98% | 10.20% | 1.06% | 10.00% | 5.97% |
VWENX Vanguard Wellington Fund Admiral Shares | 5.45% | 6.08% | 2.34% | 1.79% | 2.15% | 2.61% | 3.10% | 2.53% | 2.64% | 2.81% | 2.63% | 2.58% |
Drawdowns
GAM vs. VWENX - Drawdown Comparison
The maximum GAM drawdown since its inception was -66.66%, which is greater than VWENX's maximum drawdown of -38.68%. Use the drawdown chart below to compare losses from any high point for GAM and VWENX. For additional features, visit the drawdowns tool.
Volatility
GAM vs. VWENX - Volatility Comparison
General American Investors Company, Inc. (GAM) has a higher volatility of 3.95% compared to Vanguard Wellington Fund Admiral Shares (VWENX) at 2.70%. This indicates that GAM's price experiences larger fluctuations and is considered to be riskier than VWENX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.