ICAFX vs. VWINX
ICAFX (American Funds The Investment Company of America Fund Class F2) and VWINX (Vanguard Wellesley Income Fund Investor Shares) are both mutual funds - ICAFX is a Large Cap Growth Equities fund actively managed by American Funds, while VWINX is a Diversified Portfolio fund actively managed by Vanguard. Both are actively managed. Over the past 10 years, ICAFX returned 13.82%/yr vs 5.56%/yr for VWINX. Their 0.74 correlation means they have sometimes moved together and sometimes differently. ICAFX charges 0.37%/yr vs 0.22%/yr for VWINX.
Performance
ICAFX vs. VWINX - Performance Comparison
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Returns By Period
In the year-to-date period, ICAFX achieves a 8.27% return, which is significantly higher than VWINX's 3.67% return. Over the past 10 years, ICAFX has outperformed VWINX with an annualized return of 13.82%, while VWINX has yielded a comparatively lower 5.56% annualized return.
ICAFX
- 1D
- 1.46%
- 1M
- -1.10%
- 6M
- 6.45%
- YTD
- 8.27%
- 1Y
- 17.16%
- 3Y*
- 20.58%
- 5Y*
- 14.04%
- 10Y*
- 13.82%
- ALL TIME*
- 11.52%
VWINX
- 1D
- 0.04%
- 1M
- -0.08%
- 6M
- 2.18%
- YTD
- 3.67%
- 1Y
- 8.88%
- 3Y*
- 7.88%
- 5Y*
- 3.84%
- 10Y*
- 5.56%
- ALL TIME*
- 7.50%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
ICAFX vs. VWINX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ICAFX American Funds The Investment Company of America Fund Class F2 | 8.27% | 20.69% | 25.14% | 28.82% | -15.32% | 25.35% | 14.70% | 24.32% | -8.02% | 19.75% |
VWINX Vanguard Wellesley Income Fund Investor Shares | 3.67% | 10.98% | 5.86% | 6.99% | -9.09% | 8.48% | 8.44% | 16.39% | -2.54% | 9.29% |
Correlation
The correlation between ICAFX and VWINX is 0.60, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.60 |
Correlation (3Y) Balances recent behavior with more history. | 0.60 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.66 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.68 |
Correlation (All Time) Calculated using the full available price history since Aug 1, 2008 | 0.75 |
The correlation between ICAFX and VWINX shifts across timeframes, from 0.60 (1 year) to 0.74 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ICAFX vs. VWINX — Risk / Return Rank
ICAFX
VWINX
ICAFX vs. VWINX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds The Investment Company of America Fund Class F2 (ICAFX) and Vanguard Wellesley Income Fund Investor Shares (VWINX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ICAFX | VWINX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.53 | ||
| Sortino ratioReturn per unit of downside risk | -0.78 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.30 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.53 | 2.06 | -0.54 |
| Martin ratioReturn relative to average drawdown | 6.50 | 7.77 | -1.27 |
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Drawdowns
ICAFX vs. VWINX - Drawdown Comparison
The maximum ICAFX drawdown since its inception was -42.84%, which is greater than VWINX's maximum drawdown of -21.72%. Use the drawdown chart below to compare losses from any high point for ICAFX and VWINX.
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Drawdown Indicators
| ICAFX | VWINX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.84% | -21.72% | -21.12% |
Max Drawdown (1Y)Largest decline over 1 year | -10.05% | -4.16% | -5.89% |
Max Drawdown (3Y)Largest decline over 3 years | -17.39% | -5.81% | -11.58% |
Max Drawdown (5Y)Largest decline over 5 years | -24.21% | -15.30% | -8.91% |
Max Drawdown (10Y)Largest decline over 10 years | -31.07% | -17.43% | -13.64% |
Current DrawdownCurrent decline from peak | -2.45% | -0.61% | -1.84% |
Average DrawdownAverage peak-to-trough decline | -5.45% | -2.62% | -2.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.36% | 1.10% | +1.26% |
Volatility
ICAFX vs. VWINX - Volatility Comparison
American Funds The Investment Company of America Fund Class F2 (ICAFX) has a higher volatility of 3.36% compared to Vanguard Wellesley Income Fund Investor Shares (VWINX) at 1.35%. This indicates that ICAFX's price experiences larger fluctuations and is considered to be riskier than VWINX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ICAFX | VWINX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.36% | 1.35% | +2.01% |
Volatility (6M)Calculated over the trailing 6-month period | 10.63% | 3.93% | +6.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.41% | 5.14% | +8.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.13% | 7.00% | +9.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.59% | 6.92% | +9.67% |
ICAFX vs. VWINX - Expense Ratio Comparison
ICAFX has a 0.37% expense ratio, which is higher than VWINX's 0.22% expense ratio.
Dividends
ICAFX vs. VWINX - Dividend Comparison
ICAFX's dividend yield for the trailing twelve months is around 9.45%, more than VWINX's 7.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ICAFX American Funds The Investment Company of America Fund Class F2 | 9.45% | 10.79% | 9.49% | 5.15% | 6.33% | 7.14% | 1.84% | 6.34% | 9.84% | 7.25% | 5.67% | 9.10% |
VWINX Vanguard Wellesley Income Fund Investor Shares | 7.76% | 7.86% | 6.61% | 4.73% | 7.67% | 6.03% | 4.30% | 3.94% | 7.56% | 3.20% | 4.00% | 5.60% |
Frequently Asked Questions
ICAFX and VWINX have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ICAFX has higher volatility (3.36%) compared to VWINX (1.35%). In terms of maximum drawdown, ICAFX dropped -42.84% vs VWINX's -21.72%.
VWINX currently has the higher Sharpe Ratio (1.67 vs 1.14), 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.
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