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.
Performance
GAM vs. VWENX - Performance Comparison
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GAM vs. VWENX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GAM General American Investors Company, Inc. | -0.44% | 28.63% | 29.55% | 26.84% | -14.84% | 20.56% | 5.85% | 41.76% | -10.25% | 21.32% |
VWENX Vanguard Wellington Fund Admiral Shares | -5.23% | 16.63% | 14.82% | 14.40% | -14.31% | 19.09% | 10.66% | 22.61% | -3.35% | 14.05% |
Returns By Period
In the year-to-date period, GAM achieves a -0.44% return, which is significantly higher than VWENX's -5.23% return. Over the past 10 years, GAM has outperformed VWENX with an annualized return of 14.54%, while VWENX has yielded a comparatively lower 9.18% annualized return.
GAM
- 1D
- 2.63%
- 1M
- -5.37%
- YTD
- -0.44%
- 6M
- 4.50%
- 1Y
- 29.07%
- 3Y*
- 25.04%
- 5Y*
- 14.77%
- 10Y*
- 14.54%
VWENX
- 1D
- -0.03%
- 1M
- -5.92%
- YTD
- -5.23%
- 6M
- -2.17%
- 1Y
- 12.36%
- 3Y*
- 11.99%
- 5Y*
- 7.43%
- 10Y*
- 9.18%
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Return for Risk
GAM vs. VWENX — Risk / Return Rank
GAM
VWENX
GAM vs. VWENX - Risk-Adjusted Trends 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.
| GAM | VWENX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.84 | 1.10 | +0.74 |
Sortino ratioReturn per unit of downside risk | 2.63 | 1.62 | +1.01 |
Omega ratioGain probability vs. loss probability | 1.41 | 1.24 | +0.16 |
Calmar ratioReturn relative to maximum drawdown | 2.61 | 1.46 | +1.15 |
Martin ratioReturn relative to average drawdown | 14.20 | 6.70 | +7.50 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GAM | VWENX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.84 | 1.10 | +0.74 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.93 | 0.67 | +0.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.83 | 0.80 | +0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.64 | -0.20 |
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.
Dividends
GAM vs. VWENX - Dividend Comparison
GAM's dividend yield for the trailing twelve months is around 10.95%, less than VWENX's 12.25% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GAM General American Investors Company, Inc. | 10.95% | 11.32% | 8.82% | 6.17% | 4.15% | 1.38% | 6.72% | 6.49% | 9.67% | 9.56% | 10.20% | 3.60% |
VWENX Vanguard Wellington Fund Admiral Shares | 12.25% | 11.55% | 10.85% | 6.08% | 8.28% | 8.72% | 7.85% | 4.74% | 9.58% | 5.88% | 4.53% | 6.58% |
Drawdowns
GAM vs. VWENX - Drawdown Comparison
The maximum GAM drawdown since its inception was -66.63%, which is greater than VWENX's maximum drawdown of -36.02%. Use the drawdown chart below to compare losses from any high point for GAM and VWENX.
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Drawdown Indicators
| GAM | VWENX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.63% | -36.02% | -30.61% |
Max Drawdown (1Y)Largest decline over 1 year | -11.00% | -8.02% | -2.98% |
Max Drawdown (5Y)Largest decline over 5 years | -26.09% | -20.84% | -5.25% |
Max Drawdown (10Y)Largest decline over 10 years | -41.78% | -25.33% | -16.45% |
Current DrawdownCurrent decline from peak | -6.09% | -6.77% | +0.68% |
Average DrawdownAverage peak-to-trough decline | -11.62% | -4.38% | -7.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.03% | 1.75% | +0.28% |
Volatility
GAM vs. VWENX - Volatility Comparison
General American Investors Company, Inc. (GAM) has a higher volatility of 5.92% compared to Vanguard Wellington Fund Admiral Shares (VWENX) at 3.36%. 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.
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Volatility by Period
| GAM | VWENX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.92% | 3.36% | +2.56% |
Volatility (6M)Calculated over the trailing 6-month period | 8.42% | 6.36% | +2.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.85% | 11.74% | +4.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.95% | 11.09% | +4.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.62% | 11.48% | +6.14% |