IRTR vs. VWIAX
IRTR (iShares LifePath Retirement ETF) and VWIAX (Vanguard Wellesley Income Fund Admiral Shares) are both funds - IRTR is a Target Retirement Date fund actively managed by iShares, while VWIAX is a Diversified Portfolio fund actively managed by Vanguard. Both are actively managed. Over the past year, IRTR returned 12.47% vs 9.79% for VWIAX. Their correlation of 0.83 suggests significant overlap in exposure. IRTR charges 0.08%/yr vs 0.16%/yr for VWIAX.
Performance
IRTR vs. VWIAX - Performance Comparison
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Returns By Period
In the year-to-date period, IRTR achieves a 4.55% return, which is significantly higher than VWIAX's 3.19% return.
IRTR
- 1D
- -0.60%
- 1M
- 0.24%
- YTD
- 4.55%
- 6M
- 4.41%
- 1Y
- 12.47%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VWIAX
- 1D
- -0.22%
- 1M
- 0.24%
- YTD
- 3.19%
- 6M
- 3.02%
- 1Y
- 9.79%
- 3Y*
- 8.73%
- 5Y*
- 4.22%
- 10Y*
- 5.88%
IRTR vs. VWIAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IRTR iShares LifePath Retirement ETF | 4.55% | 12.70% | 7.59% | 11.03% |
VWIAX Vanguard Wellesley Income Fund Admiral Shares | 3.19% | 11.08% | 5.92% | 9.26% |
Correlation
The correlation between IRTR and VWIAX is 0.79, 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 | 0.79 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2023 | 0.83 |
The correlation between IRTR and VWIAX has been stable across timeframes, ranging from 0.79 to 0.83 - a consistent structural relationship.
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Return for Risk
IRTR vs. VWIAX — Risk / Return Rank
IRTR
VWIAX
IRTR vs. VWIAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares LifePath Retirement ETF (IRTR) 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.
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.
| IRTR | VWIAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.35 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.60 | 2.47 | +0.13 |
| Martin ratioReturn relative to average drawdown | 11.24 | 9.28 | +1.96 |
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Drawdowns
IRTR vs. VWIAX - Drawdown Comparison
The maximum IRTR drawdown since its inception was -6.29%, smaller than the maximum VWIAX drawdown of -21.64%. Use the drawdown chart below to compare losses from any high point for IRTR and VWIAX.
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Drawdown Indicators
| IRTR | VWIAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.29% | -21.64% | +15.35% |
Max Drawdown (1Y)Largest decline over 1 year | -4.82% | -4.15% | -0.67% |
Max Drawdown (3Y)Largest decline over 3 years | — | -6.96% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.26% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -17.41% | — |
Current DrawdownCurrent decline from peak | -0.97% | -0.57% | -0.40% |
Average DrawdownAverage peak-to-trough decline | -0.78% | -2.21% | +1.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.11% | 1.10% | +0.01% |
Volatility
IRTR vs. VWIAX - Volatility Comparison
iShares LifePath Retirement ETF (IRTR) has a higher volatility of 2.52% compared to Vanguard Wellesley Income Fund Admiral Shares (VWIAX) at 1.61%. This indicates that IRTR's price experiences larger fluctuations and is considered to be riskier than VWIAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IRTR | VWIAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.52% | 1.61% | +0.91% |
Volatility (6M)Calculated over the trailing 6-month period | 5.29% | 3.95% | +1.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.34% | 5.24% | +1.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.11% | 6.99% | +0.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.11% | 6.94% | +0.17% |
IRTR vs. VWIAX - Expense Ratio Comparison
IRTR has a 0.08% expense ratio, which is lower than VWIAX's 0.16% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IRTR vs. VWIAX - Dividend Comparison
IRTR's dividend yield for the trailing twelve months is around 3.01%, less than VWIAX's 7.87% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IRTR iShares LifePath Retirement ETF | 3.01% | 3.03% | 3.03% | 0.85% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VWIAX Vanguard Wellesley Income Fund Admiral Shares | 7.87% | 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
IRTR and VWIAX have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IRTR has higher volatility (2.52%) compared to VWIAX (1.61%). In terms of maximum drawdown, IRTR dropped -6.29% vs VWIAX's -21.64%.
IRTR currently has the higher Sharpe Ratio (1.98 vs 1.96), 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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