RIET vs. VWINX

Last updated Jun 20, 2026

RIET (Hoya Capital High Dividend Yield ETF) and VWINX (Vanguard Wellesley Income Fund Investor Shares) are both funds - RIET is a REIT fund tracking the Hoya Capital High Dividend Yield Index, while VWINX is a Diversified Portfolio fund actively managed by Vanguard. RIET is passively managed, while VWINX is actively managed. Over the past 3 years, RIET returned 7.55%/yr vs 8.40%/yr for VWINX. A 0.70 correlation means they provide meaningful diversification when combined. RIET charges 0.50%/yr vs 0.22%/yr for VWINX.

Performance

RIET vs. VWINX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hoya Capital High Dividend Yield ETF (RIET) and Vanguard Wellesley Income Fund Investor Shares (VWINX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RIET achieves a 7.58% return, which is significantly higher than VWINX's 3.39% return.

RIET

• 1D: 0.45%
• 1M: 0.82%
• YTD: 7.58%
• 6M: 7.08%
• 1Y: 11.87%
• 3Y*: 7.55%
• 5Y*: —
• 10Y*: —

VWINX

• 1D: 0.26%
• 1M: 1.12%
• YTD: 3.39%
• 6M: 3.55%
• 1Y: 10.49%
• 3Y*: 8.40%
• 5Y*: 4.24%
• 10Y*: 5.77%

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

RIET vs. VWINX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
RIET Hoya Capital High Dividend Yield ETF	7.58%	2.43%	1.18%	13.04%	-25.29%	5.14%
VWINX Vanguard Wellesley Income Fund Investor Shares	3.39%	10.98%	5.86%	6.99%	-9.09%	2.36%

Correlation

The correlation between RIET and VWINX is 0.66, 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	0.66
Correlation (3Y) Calculated over the trailing 3-year period	0.69
Correlation (All Time) Calculated using the full available price history since Sep 22, 2021	0.70

The correlation between RIET and VWINX has been stable across timeframes, ranging from 0.66 to 0.70 - a consistent structural relationship.

Return for Risk

RIET vs. VWINX — Risk / Return Rank

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

RIET

RIET Risk / Return Rank: 26
RIET Sharpe Ratio Rank: 26
RIET Sortino Ratio Rank: 25
RIET Omega Ratio Rank: 23
RIET Calmar Ratio Rank: 28
RIET Martin Ratio Rank: 27

VWINX

VWINX Risk / Return Rank: 56
VWINX Sharpe Ratio Rank: 60
VWINX Sortino Ratio Rank: 63
VWINX Omega Ratio Rank: 58
VWINX Calmar Ratio Rank: 51
VWINX Martin Ratio Rank: 51

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.

RIET vs. VWINX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hoya Capital High Dividend Yield ETF (RIET) and Vanguard Wellesley Income Fund Investor Shares (VWINX). 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.

	RIET	VWINX	Difference
Sharpe ratio: Return per unit of total volatility	0.90	2.03	-1.13
Sortino ratio: Return per unit of downside risk	1.32	2.92	-1.60
Omega ratio: Gain probability vs. loss probability	1.15	1.37	-0.22
Calmar ratio: Return relative to maximum drawdown	1.36	2.53	-1.17
Martin ratio: Return relative to average drawdown	3.54	9.52	-5.98

RIET vs. VWINX - Sharpe Ratio Comparison

The current RIET Sharpe Ratio is 0.90, which is lower than the VWINX Sharpe Ratio of 2.03. The chart below compares the historical Sharpe Ratios of RIET and VWINX, 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

RIET vs. VWINX - Drawdown Comparison

The maximum RIET drawdown since its inception was -34.61%, which is greater than VWINX's maximum drawdown of -21.72%. Use the drawdown chart below to compare losses from any high point for RIET and VWINX.

Drawdown Indicators

	RIET	VWINX	Difference
Max Drawdown Largest peak-to-trough decline	-34.61%	-21.72%	-12.89%
Max Drawdown (1Y) Largest decline over 1 year	-8.76%	-4.16%	-4.60%
Max Drawdown (3Y) Largest decline over 3 years	-18.38%	-6.98%	-11.40%
Max Drawdown (5Y) Largest decline over 5 years	—	-15.30%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-17.43%	—
Current Drawdown Current decline from peak	-7.27%	-0.35%	-6.92%
Average Drawdown Average peak-to-trough decline	-16.32%	-2.63%	-13.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.36%	1.10%	+2.26%

Volatility

RIET vs. VWINX - Volatility Comparison

Hoya Capital High Dividend Yield ETF (RIET) has a higher volatility of 3.98% compared to Vanguard Wellesley Income Fund Investor Shares (VWINX) at 1.63%. This indicates that RIET's price experiences larger fluctuations and is considered to be riskier than VWINX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RIET	VWINX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.98%	1.63%	+2.35%
Volatility (6M) Calculated over the trailing 6-month period	9.46%	3.92%	+5.54%
Volatility (1Y) Calculated over the trailing 1-year period	13.30%	5.20%	+8.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.96%	6.99%	+11.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.96%	6.93%	+12.03%

RIET vs. VWINX - Expense Ratio Comparison

RIET has a 0.50% expense ratio, which is higher than VWINX's 0.22% expense ratio.

Dividends

RIET vs. VWINX - Dividend Comparison

RIET's dividend yield for the trailing twelve months is around 10.83%, more than VWINX's 8.64% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RIET Hoya Capital High Dividend Yield ETF	10.83%	11.04%	10.17%	9.33%	9.33%	1.99%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VWINX Vanguard Wellesley Income Fund Investor Shares	8.64%	7.86%	6.61%	4.73%	7.67%	6.03%	4.30%	3.94%	7.56%	3.20%	4.00%	5.60%

Frequently Asked Questions

Can I hold both RIET and VWINX in my portfolio?

RIET and VWINX have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RIET or VWINX?

RIET has higher volatility (3.98%) compared to VWINX (1.63%). In terms of maximum drawdown, RIET dropped -34.61% vs VWINX's -21.72%.

Which has better risk-adjusted returns?

VWINX currently has the higher Sharpe Ratio (2.03 vs 0.90), 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.