RWIGX vs. VTMNX

Last updated Aug 1, 2026

RWIGX (Capital World Growth and Income Fund Class R-6) and VTMNX (Vanguard Developed Markets Index Fund Institutional Shares) are both mutual funds - RWIGX is a Global Equities fund tracking the MSCI All Country World Index (ACWI), while VTMNX is a Foreign Large Cap Equities fund tracking the FTSE Developed All Cap ex US Index. Both are passively managed. Over the past 10 years, RWIGX returned 11.90%/yr vs 10.06%/yr for VTMNX. Their correlation of 0.93 means they have usually moved in the same direction. RWIGX charges 0.41%/yr vs 0.03%/yr for VTMNX.

Performance

RWIGX vs. VTMNX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Capital World Growth and Income Fund Class R-6 (RWIGX) and Vanguard Developed Markets Index Fund Institutional Shares (VTMNX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RWIGX achieves a 13.22% return, which is significantly lower than VTMNX's 14.63% return. Over the past 10 years, RWIGX has outperformed VTMNX with an annualized return of 11.90%, while VTMNX has yielded a comparatively lower 10.06% annualized return.

RWIGX

• 1D: 2.28%
• 1M: -1.04%
• 6M: 7.73%
• YTD: 13.22%
• 1Y: 26.96%
• 3Y*: 18.93%
• 5Y*: 11.07%
• 10Y*: 11.90%
• ALL TIME*: 10.02%

VTMNX

• 1D: 3.11%
• 1M: 0.75%
• 6M: 8.12%
• YTD: 14.63%
• 1Y: 30.66%
• 3Y*: 17.91%
• 5Y*: 9.92%
• 10Y*: 10.06%
• ALL TIME*: 6.04%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
RWIGX Capital World Growth and Income Fund Class R-6	$0.00	$0.00	$0.00
VTMNX Vanguard Developed Markets Index Fund Institutional Shares	$0.00	$0.00	$0.00

RWIGX vs. VTMNX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RWIGX Capital World Growth and Income Fund Class R-6	13.22%	25.09%	14.21%	20.87%	-17.02%	15.11%	15.71%	25.94%	-10.32%	24.95%
VTMNX Vanguard Developed Markets Index Fund Institutional Shares	14.63%	35.16%	2.99%	17.82%	-15.36%	11.40%	10.26%	22.13%	-14.51%	26.45%

Correlation

The correlation between RWIGX and VTMNX is 0.88, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.88
Correlation (3Y) Balances recent behavior with more history.	0.87
Correlation (5Y) Shows whether the relationship held over a longer period.	0.91
Correlation (10Y) Provides a long-term view across more market conditions.	0.92
Correlation (All Time) Calculated using the full available price history since Jan 4, 2010	0.93

The correlation between RWIGX and VTMNX has been stable across timeframes, ranging from 0.87 to 0.93 - a consistent structural relationship.

Return for Risk

RWIGX vs. VTMNX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

RWIGX

RWIGX Risk / Return Rank: 72
RWIGX Sharpe Ratio Rank: 71
RWIGX Sortino Ratio Rank: 68
RWIGX Omega Ratio Rank: 69
RWIGX Calmar Ratio Rank: 73
RWIGX Martin Ratio Rank: 80

VTMNX

VTMNX Risk / Return Rank: 76
VTMNX Sharpe Ratio Rank: 77
VTMNX Sortino Ratio Rank: 73
VTMNX Omega Ratio Rank: 74
VTMNX Calmar Ratio Rank: 78
VTMNX Martin Ratio Rank: 79

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

RWIGX vs. VTMNX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Capital World Growth and Income Fund Class R-6 (RWIGX) and Vanguard Developed Markets Index Fund Institutional Shares (VTMNX). 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.

	RWIGX	VTMNX	Difference
Sharpe ratio: Return per unit of total volatility	1.63	1.74	-0.11
Sortino ratio: Return per unit of downside risk	2.30	2.39	-0.09
Omega ratio: Gain probability vs. loss probability	1.30	1.32	-0.02
Calmar ratio: Return relative to maximum drawdown	2.35	2.50	-0.16
Martin ratio: Return relative to average drawdown	9.57	9.36	+0.21

RWIGX vs. VTMNX - Sharpe Ratio Comparison

The current RWIGX Sharpe Ratio is 1.63, which is comparable to the VTMNX Sharpe Ratio of 1.74. The chart below compares the historical Sharpe Ratios of RWIGX and VTMNX, 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

RWIGX vs. VTMNX - Drawdown Comparison

The maximum RWIGX drawdown since its inception was -31.98%, smaller than the maximum VTMNX drawdown of -60.57%. Use the drawdown chart below to compare losses from any high point for RWIGX and VTMNX.

Drawdown Indicators

	RWIGX	VTMNX	Difference
Max Drawdown Largest peak-to-trough decline	-31.98%	-60.57%	+28.59%
Max Drawdown (1Y) Largest decline over 1 year	-10.50%	-11.69%	+1.19%
Max Drawdown (3Y) Largest decline over 3 years	-15.54%	-13.16%	-2.38%
Max Drawdown (5Y) Largest decline over 5 years	-27.03%	-29.71%	+2.68%
Max Drawdown (10Y) Largest decline over 10 years	-31.98%	-35.60%	+3.62%
Current Drawdown Current decline from peak	-2.87%	-1.68%	-1.19%
Average Drawdown Average peak-to-trough decline	-5.12%	-13.15%	+8.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.57%	3.12%	-0.55%

Volatility

RWIGX vs. VTMNX - Volatility Comparison

The current volatility for Capital World Growth and Income Fund Class R-6 (RWIGX) is 4.36%, while Vanguard Developed Markets Index Fund Institutional Shares (VTMNX) has a volatility of 5.76%. This indicates that RWIGX experiences smaller price fluctuations and is considered to be less risky than VTMNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RWIGX	VTMNX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.36%	5.76%	-1.40%
Volatility (6M) Calculated over the trailing 6-month period	12.71%	14.81%	-2.10%
Volatility (1Y) Calculated over the trailing 1-year period	15.11%	16.84%	-1.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.46%	16.22%	-0.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.02%	16.39%	-0.37%

RWIGX vs. VTMNX - Expense Ratio Comparison

RWIGX has a 0.41% expense ratio, which is higher than VTMNX's 0.03% expense ratio.

Dividends

RWIGX vs. VTMNX - Dividend Comparison

RWIGX's dividend yield for the trailing twelve months is around 9.69%, more than VTMNX's 2.55% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RWIGX Capital World Growth and Income Fund Class R-6	9.69%	10.86%	8.23%	3.44%	2.45%	7.16%	1.53%	2.90%	7.37%	6.94%	5.60%	4.04%
VTMNX Vanguard Developed Markets Index Fund Institutional Shares	2.55%	3.22%	3.36%	3.15%	2.91%	3.16%	2.04%	3.05%	3.35%	2.77%	3.06%	2.92%

Frequently Asked Questions

Can I hold both RWIGX and VTMNX in my portfolio?

RWIGX and VTMNX have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RWIGX or VTMNX?

VTMNX has higher volatility (5.76%) compared to RWIGX (4.36%). In terms of maximum drawdown, RWIGX dropped -31.98% vs VTMNX's -60.57%.

Which has better risk-adjusted returns?

VTMNX currently has the higher Sharpe Ratio (1.74 vs 1.63), 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.