MPHQX vs. VWIAX
MPHQX (BlackRock Total Return Fund Class K) and VWIAX (Vanguard Wellesley Income Fund Admiral Shares) are both mutual funds - MPHQX is a Intermediate Core-Plus Bond fund actively managed by BlackRock, while VWIAX is a Diversified Portfolio fund actively managed by Vanguard. Both are actively managed. Over the past 10 years, MPHQX returned 1.88%/yr vs 5.63%/yr for VWIAX. Their 0.32 correlation means their historical movements had little consistent relationship. MPHQX charges 0.37%/yr vs 0.16%/yr for VWIAX.
Performance
MPHQX vs. VWIAX - Performance Comparison
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Returns By Period
In the year-to-date period, MPHQX achieves a -0.40% return, which is significantly lower than VWIAX's 3.71% return. Over the past 10 years, MPHQX has underperformed VWIAX with an annualized return of 1.88%, while VWIAX has yielded a comparatively higher 5.63% annualized return.
MPHQX
- 1D
- 0.00%
- 1M
- -1.51%
- 6M
- -0.86%
- YTD
- -0.40%
- 1Y
- 2.63%
- 3Y*
- 4.17%
- 5Y*
- -0.13%
- 10Y*
- 1.88%
- ALL TIME*
- 2.57%
VWIAX
- 1D
- 0.06%
- 1M
- -0.06%
- 6M
- 2.25%
- YTD
- 3.71%
- 1Y
- 8.97%
- 3Y*
- 7.97%
- 5Y*
- 3.92%
- 10Y*
- 5.63%
- ALL TIME*
- 6.25%
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 |
MPHQX vs. VWIAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MPHQX BlackRock Total Return Fund Class K | -0.40% | 8.21% | 1.92% | 6.04% | -14.14% | -0.68% | 9.10% | 9.91% | -0.81% | 4.33% |
VWIAX Vanguard Wellesley Income Fund Admiral Shares | 3.71% | 11.08% | 5.92% | 7.07% | -9.04% | 8.55% | 8.52% | 16.47% | -2.49% | 9.37% |
Correlation
The correlation between MPHQX and VWIAX 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. | 0.65 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.62 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.47 |
Correlation (All Time) Calculated using the full available price history since Dec 7, 2001 | 0.32 |
Over the past year, MPHQX and VWIAX have become more correlated (0.60) than their long-term average of 0.32, meaning their price movements have been converging.
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Return for Risk
MPHQX vs. VWIAX — Risk / Return Rank
MPHQX
VWIAX
MPHQX vs. VWIAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Total Return Fund Class K (MPHQX) 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.
| MPHQX | VWIAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.84 | ||
| Sortino ratioReturn per unit of downside risk | -1.25 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.30 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 0.91 | 2.09 | -1.18 |
| Martin ratioReturn relative to average drawdown | 2.06 | 7.89 | -5.83 |
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Drawdowns
MPHQX vs. VWIAX - Drawdown Comparison
The maximum MPHQX drawdown since its inception was -21.68%, roughly equal to the maximum VWIAX drawdown of -21.64%. Use the drawdown chart below to compare losses from any high point for MPHQX and VWIAX.
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Drawdown Indicators
| MPHQX | VWIAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.68% | -21.64% | -0.04% |
Max Drawdown (1Y)Largest decline over 1 year | -4.28% | -4.15% | -0.13% |
Max Drawdown (3Y)Largest decline over 3 years | -5.79% | -5.78% | -0.01% |
Max Drawdown (5Y)Largest decline over 5 years | -19.28% | -15.26% | -4.02% |
Max Drawdown (10Y)Largest decline over 10 years | -19.28% | -17.41% | -1.87% |
Current DrawdownCurrent decline from peak | -3.51% | -0.60% | -2.91% |
Average DrawdownAverage peak-to-trough decline | -3.79% | -2.21% | -1.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.89% | 1.10% | +0.79% |
Volatility
MPHQX vs. VWIAX - Volatility Comparison
The current volatility for BlackRock Total Return Fund Class K (MPHQX) is 1.00%, while Vanguard Wellesley Income Fund Admiral Shares (VWIAX) has a volatility of 1.37%. This indicates that MPHQX experiences smaller price fluctuations and is considered to be less risky 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
| MPHQX | VWIAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.00% | 1.37% | -0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 3.69% | 3.95% | -0.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.60% | 5.17% | -0.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.30% | 7.00% | -0.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.15% | 6.93% | -1.78% |
MPHQX vs. VWIAX - Expense Ratio Comparison
MPHQX has a 0.37% expense ratio, which is higher than VWIAX's 0.16% expense ratio.
Dividends
MPHQX vs. VWIAX - Dividend Comparison
MPHQX's dividend yield for the trailing twelve months is around 4.42%, less than VWIAX's 7.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MPHQX BlackRock Total Return Fund Class K | 4.42% | 4.89% | 5.01% | 4.19% | 3.09% | 2.58% | 6.30% | 3.24% | 3.40% | 3.21% | 2.89% | 3.49% |
VWIAX Vanguard Wellesley Income Fund Admiral Shares | 7.83% | 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
MPHQX and VWIAX 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.
VWIAX has higher volatility (1.37%) compared to MPHQX (1.00%). In terms of maximum drawdown, MPHQX dropped -21.68% vs VWIAX's -21.64%.
VWIAX currently has the higher Sharpe Ratio (1.69 vs 0.85), 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.
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