PPVIX vs. VWENX
PPVIX (Principal SmallCap Value Fund II) and VWENX (Vanguard Wellington Fund Admiral Shares) are both mutual funds - PPVIX is a Small Cap Value Equities fund managed by Principal, while VWENX is a Diversified Portfolio fund actively managed by Vanguard. Over the past 10 years, PPVIX returned 11.05%/yr vs 9.78%/yr for VWENX. Their 0.79 correlation means they have sometimes moved together and sometimes differently. PPVIX charges 0.96%/yr vs 0.16%/yr for VWENX.
Performance
PPVIX vs. VWENX - Performance Comparison
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Returns By Period
In the year-to-date period, PPVIX achieves a 17.24% return, which is significantly higher than VWENX's 4.93% return. Over the past 10 years, PPVIX has outperformed VWENX with an annualized return of 11.05%, while VWENX has yielded a comparatively lower 9.78% annualized return.
PPVIX
- 1D
- 0.07%
- 1M
- 1.28%
- 6M
- 10.38%
- YTD
- 17.24%
- 1Y
- 31.52%
- 3Y*
- 15.45%
- 5Y*
- 11.62%
- 10Y*
- 11.05%
- ALL TIME*
- 9.32%
VWENX
- 1D
- 1.46%
- 1M
- -1.14%
- 6M
- 4.11%
- YTD
- 4.93%
- 1Y
- 13.75%
- 3Y*
- 13.55%
- 5Y*
- 7.79%
- 10Y*
- 9.78%
- ALL TIME*
- 8.03%
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 |
PPVIX vs. VWENX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PPVIX Principal SmallCap Value Fund II | 17.24% | 8.18% | 16.09% | 20.00% | -9.20% | 32.00% | 3.61% | 23.19% | -14.74% | 6.94% |
VWENX Vanguard Wellington Fund Admiral Shares | 4.93% | 16.63% | 14.82% | 14.40% | -14.31% | 19.09% | 10.66% | 22.61% | -3.35% | 14.05% |
Correlation
The correlation between PPVIX and VWENX is 0.59, 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. | 0.59 |
Correlation (3Y) Balances recent behavior with more history. | 0.65 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.72 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.71 |
Correlation (All Time) Calculated using the full available price history since Jun 2, 2004 | 0.79 |
The correlation between PPVIX and VWENX shifts across timeframes, from 0.59 (1 year) to 0.79 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
PPVIX vs. VWENX — Risk / Return Rank
PPVIX
VWENX
PPVIX vs. VWENX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal SmallCap Value Fund II (PPVIX) 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.
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.
| PPVIX | VWENX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.37 | ||
| Sortino ratioReturn per unit of downside risk | +0.64 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.25 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.03 | 1.90 | +1.14 |
| Martin ratioReturn relative to average drawdown | 10.82 | 8.02 | +2.80 |
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Drawdowns
PPVIX vs. VWENX - Drawdown Comparison
The maximum PPVIX drawdown since its inception was -64.79%, which is greater than VWENX's maximum drawdown of -36.02%. Use the drawdown chart below to compare losses from any high point for PPVIX and VWENX.
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Drawdown Indicators
| PPVIX | VWENX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.79% | -36.02% | -28.77% |
Max Drawdown (1Y)Largest decline over 1 year | -9.21% | -6.77% | -2.44% |
Max Drawdown (3Y)Largest decline over 3 years | -22.89% | -11.98% | -10.91% |
Max Drawdown (5Y)Largest decline over 5 years | -22.89% | -20.84% | -2.05% |
Max Drawdown (10Y)Largest decline over 10 years | -45.87% | -25.33% | -20.54% |
Current DrawdownCurrent decline from peak | -0.59% | -2.08% | +1.49% |
Average DrawdownAverage peak-to-trough decline | -9.62% | -4.34% | -5.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.59% | 1.60% | +0.99% |
Volatility
PPVIX vs. VWENX - Volatility Comparison
Principal SmallCap Value Fund II (PPVIX) has a higher volatility of 3.40% compared to Vanguard Wellington Fund Admiral Shares (VWENX) at 2.84%. This indicates that PPVIX'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
| PPVIX | VWENX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.40% | 2.84% | +0.56% |
Volatility (6M)Calculated over the trailing 6-month period | 10.28% | 7.61% | +2.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.12% | 9.33% | +6.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.92% | 11.26% | +9.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.56% | 11.55% | +11.01% |
PPVIX vs. VWENX - Expense Ratio Comparison
PPVIX has a 0.96% expense ratio, which is higher than VWENX's 0.16% expense ratio.
Dividends
PPVIX vs. VWENX - Dividend Comparison
PPVIX's dividend yield for the trailing twelve months is around 7.58%, less than VWENX's 11.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PPVIX Principal SmallCap Value Fund II | 7.58% | 8.88% | 20.81% | 3.11% | 11.81% | 15.05% | 0.76% | 0.88% | 26.50% | 6.37% | 5.98% | 11.97% |
VWENX Vanguard Wellington Fund Admiral Shares | 11.11% | 11.55% | 10.85% | 6.08% | 8.28% | 8.72% | 7.85% | 4.74% | 9.58% | 5.88% | 4.53% | 6.58% |
Frequently Asked Questions
PPVIX and VWENX have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PPVIX has higher volatility (3.40%) compared to VWENX (2.84%). In terms of maximum drawdown, PPVIX dropped -64.79% vs VWENX's -36.02%.
PPVIX currently has the higher Sharpe Ratio (1.74 vs 1.38), 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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