MXXIX vs. VWIAX

Last updated Jun 23, 2026

MXXIX (Marsico Midcap Growth Focus Fund) and VWIAX (Vanguard Wellesley Income Fund Admiral Shares) are both mutual funds - MXXIX is a Mid Cap Growth Equities fund managed by Marsico Investment Fund, while VWIAX is a Diversified Portfolio fund actively managed by Vanguard. Over the past 10 years, MXXIX returned 17.44%/yr vs 5.85%/yr for VWIAX. A 0.64 correlation means they provide meaningful diversification when combined. MXXIX charges 1.33%/yr vs 0.16%/yr for VWIAX.

Performance

MXXIX vs. VWIAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Marsico Midcap Growth Focus Fund (MXXIX) and Vanguard Wellesley Income Fund Admiral Shares (VWIAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MXXIX achieves a 18.28% return, which is significantly higher than VWIAX's 3.42% return. Over the past 10 years, MXXIX has outperformed VWIAX with an annualized return of 17.44%, while VWIAX has yielded a comparatively lower 5.85% annualized return.

MXXIX

• 1D: 2.24%
• 1M: 5.39%
• YTD: 18.28%
• 6M: 15.93%
• 1Y: 31.18%
• 3Y*: 32.75%
• 5Y*: 13.33%
• 10Y*: 17.44%

VWIAX

• 1D: 0.26%
• 1M: 0.47%
• YTD: 3.42%
• 6M: 3.35%
• 1Y: 10.46%
• 3Y*: 8.48%
• 5Y*: 4.31%
• 10Y*: 5.85%

*Multi-year figures are annualized to reflect compound growth (CAGR)

MXXIX vs. VWIAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MXXIX Marsico Midcap Growth Focus Fund	18.28%	26.09%	42.95%	21.71%	-31.84%	12.04%	45.34%	29.88%	1.76%	30.05%
VWIAX Vanguard Wellesley Income Fund Admiral Shares	3.42%	11.08%	5.92%	7.07%	-9.04%	8.55%	8.52%	16.47%	-2.49%	9.37%

Correlation

The correlation between MXXIX and VWIAX is 0.57, 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	0.57
Correlation (3Y) Calculated over the trailing 3-year period	0.55
Correlation (5Y) Calculated over the trailing 5-year period	0.58
Correlation (10Y) Calculated over the trailing 10-year period	0.58
Correlation (All Time) Calculated using the full available price history since May 14, 2001	0.64

The correlation between MXXIX and VWIAX has been stable across timeframes, ranging from 0.55 to 0.64 - a consistent structural relationship.

Return for Risk

MXXIX vs. VWIAX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MXXIX

MXXIX Risk / Return Rank: 36
MXXIX Sharpe Ratio Rank: 33
MXXIX Sortino Ratio Rank: 32
MXXIX Omega Ratio Rank: 29
MXXIX Calmar Ratio Rank: 42
MXXIX Martin Ratio Rank: 45

VWIAX

VWIAX Risk / Return Rank: 53
VWIAX Sharpe Ratio Rank: 56
VWIAX Sortino Ratio Rank: 58
VWIAX Omega Ratio Rank: 53
VWIAX Calmar Ratio Rank: 49
VWIAX Martin Ratio Rank: 49

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MXXIX vs. VWIAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Marsico Midcap Growth Focus Fund (MXXIX) 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.

	MXXIX	VWIAX	Difference
Sharpe ratio: Return per unit of total volatility	1.53	2.03	-0.50
Sortino ratio: Return per unit of downside risk	2.18	2.93	-0.75
Omega ratio: Gain probability vs. loss probability	1.26	1.37	-0.11
Calmar ratio: Return relative to maximum drawdown	2.35	2.56	-0.21
Martin ratio: Return relative to average drawdown	8.86	9.61	-0.75

MXXIX vs. VWIAX - Sharpe Ratio Comparison

The current MXXIX Sharpe Ratio is 1.53, which is comparable to the VWIAX Sharpe Ratio of 2.03. The chart below compares the historical Sharpe Ratios of MXXIX and VWIAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

MXXIX vs. VWIAX - Drawdown Comparison

The maximum MXXIX drawdown since its inception was -62.49%, which is greater than VWIAX's maximum drawdown of -21.64%. Use the drawdown chart below to compare losses from any high point for MXXIX and VWIAX.

Drawdown Indicators

	MXXIX	VWIAX	Difference
Max Drawdown Largest peak-to-trough decline	-62.49%	-21.64%	-40.85%
Max Drawdown (1Y) Largest decline over 1 year	-13.07%	-4.15%	-8.92%
Max Drawdown (3Y) Largest decline over 3 years	-20.05%	-6.96%	-13.09%
Max Drawdown (5Y) Largest decline over 5 years	-40.59%	-15.26%	-25.33%
Max Drawdown (10Y) Largest decline over 10 years	-40.59%	-17.41%	-23.18%
Current Drawdown Current decline from peak	0.00%	-0.34%	+0.34%
Average Drawdown Average peak-to-trough decline	-18.33%	-2.21%	-16.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.46%	1.10%	+2.36%

Volatility

MXXIX vs. VWIAX - Volatility Comparison

Marsico Midcap Growth Focus Fund (MXXIX) has a higher volatility of 6.96% compared to Vanguard Wellesley Income Fund Admiral Shares (VWIAX) at 1.63%. This indicates that MXXIX'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.

Volatility by Period

	MXXIX	VWIAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.96%	1.63%	+5.33%
Volatility (6M) Calculated over the trailing 6-month period	16.38%	3.94%	+12.44%
Volatility (1Y) Calculated over the trailing 1-year period	20.11%	5.23%	+14.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.91%	6.99%	+15.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.88%	6.93%	+14.95%

MXXIX vs. VWIAX - Expense Ratio Comparison

MXXIX has a 1.33% expense ratio, which is higher than VWIAX's 0.16% expense ratio.

Dividends

MXXIX vs. VWIAX - Dividend Comparison

MXXIX's dividend yield for the trailing twelve months is around 10.10%, more than VWIAX's 7.85% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MXXIX Marsico Midcap Growth Focus Fund	10.10%	11.95%	9.18%	1.24%	0.00%	14.22%	2.83%	3.26%	5.37%	0.00%	0.00%	0.00%
VWIAX Vanguard Wellesley Income Fund Admiral Shares	7.85%	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

Can I hold both MXXIX and VWIAX in my portfolio?

MXXIX and VWIAX have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MXXIX or VWIAX?

MXXIX has higher volatility (6.96%) compared to VWIAX (1.63%). In terms of maximum drawdown, MXXIX dropped -62.49% vs VWIAX's -21.64%.

Which has better risk-adjusted returns?

VWIAX currently has the higher Sharpe Ratio (2.03 vs 1.53), 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.