PRSIX vs. VWENX
PRSIX (T. Rowe Price Spectrum Conservative Allocation Fund) and VWENX (Vanguard Wellington Fund Admiral Shares) are both Diversified Portfolio funds. Over the past 10 years, PRSIX returned 6.84%/yr vs 10.13%/yr for VWENX. Their correlation of 0.94 suggests significant overlap in exposure. PRSIX charges 0.36%/yr vs 0.16%/yr for VWENX.
Performance
PRSIX vs. VWENX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with PRSIX having a 5.01% return and VWENX slightly higher at 5.10%. Over the past 10 years, PRSIX has underperformed VWENX with an annualized return of 6.84%, while VWENX has yielded a comparatively higher 10.13% annualized return.
PRSIX
- 1D
- 1.14%
- 1M
- 0.19%
- YTD
- 5.01%
- 6M
- 5.51%
- 1Y
- 12.50%
- 3Y*
- 10.58%
- 5Y*
- 4.58%
- 10Y*
- 6.84%
VWENX
- 1D
- 1.32%
- 1M
- -0.63%
- YTD
- 5.10%
- 6M
- 5.87%
- 1Y
- 17.34%
- 3Y*
- 14.75%
- 5Y*
- 8.43%
- 10Y*
- 10.13%
PRSIX vs. VWENX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PRSIX T. Rowe Price Spectrum Conservative Allocation Fund | 5.01% | 11.91% | 8.53% | 11.97% | -13.65% | 7.07% | 11.70% | 16.78% | -3.01% | 12.28% |
VWENX Vanguard Wellington Fund Admiral Shares | 5.10% | 16.63% | 14.82% | 14.40% | -14.31% | 19.09% | 10.66% | 22.61% | -3.35% | 14.05% |
Correlation
The correlation between PRSIX and VWENX is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since May 14, 2001 | 0.94 |
The correlation between PRSIX and VWENX has been stable across timeframes, ranging from 0.92 to 0.94 - a consistent structural relationship.
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Return for Risk
PRSIX vs. VWENX — Risk / Return Rank
PRSIX
VWENX
PRSIX vs. VWENX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Spectrum Conservative Allocation Fund (PRSIX) 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.
| PRSIX | VWENX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | +0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.38 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.56 | 2.64 | -0.08 |
| Martin ratioReturn relative to average drawdown | 11.28 | 11.92 | -0.64 |
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Drawdowns
PRSIX vs. VWENX - Drawdown Comparison
The maximum PRSIX drawdown since its inception was -30.00%, smaller than the maximum VWENX drawdown of -36.02%. Use the drawdown chart below to compare losses from any high point for PRSIX and VWENX.
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Drawdown Indicators
| PRSIX | VWENX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.00% | -36.02% | +6.02% |
Max Drawdown (1Y)Largest decline over 1 year | -5.02% | -6.77% | +1.75% |
Max Drawdown (3Y)Largest decline over 3 years | -6.80% | -11.98% | +5.18% |
Max Drawdown (5Y)Largest decline over 5 years | -18.69% | -20.84% | +2.15% |
Max Drawdown (10Y)Largest decline over 10 years | -19.28% | -25.33% | +6.05% |
Current DrawdownCurrent decline from peak | -0.74% | -1.92% | +1.18% |
Average DrawdownAverage peak-to-trough decline | -2.82% | -4.35% | +1.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.14% | 1.50% | -0.36% |
Volatility
PRSIX vs. VWENX - Volatility Comparison
The current volatility for T. Rowe Price Spectrum Conservative Allocation Fund (PRSIX) is 2.52%, while Vanguard Wellington Fund Admiral Shares (VWENX) has a volatility of 3.50%. This indicates that PRSIX experiences smaller price fluctuations and is considered to be less risky 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
| PRSIX | VWENX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.52% | 3.50% | -0.98% |
Volatility (6M)Calculated over the trailing 6-month period | 5.24% | 7.21% | -1.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.14% | 8.83% | -2.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.10% | 11.20% | -4.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.42% | 11.56% | -4.14% |
PRSIX vs. VWENX - Expense Ratio Comparison
PRSIX has a 0.36% expense ratio, which is higher than VWENX's 0.16% expense ratio.
Dividends
PRSIX vs. VWENX - Dividend Comparison
PRSIX's dividend yield for the trailing twelve months is around 6.89%, less than VWENX's 11.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRSIX T. Rowe Price Spectrum Conservative Allocation Fund | 6.89% | 7.12% | 3.92% | 3.78% | 5.63% | 7.63% | 3.77% | 5.11% | 5.27% | 3.43% | 2.22% | 4.56% |
VWENX Vanguard Wellington Fund Admiral Shares | 11.05% | 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
With a correlation of 0.92, PRSIX and VWENX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
VWENX has higher volatility (3.50%) compared to PRSIX (2.52%). In terms of maximum drawdown, PRSIX dropped -30.00% vs VWENX's -36.02%.
PRSIX currently has the higher Sharpe Ratio (2.09 vs 2.02), 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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