SPAB vs. VWINX
Compare and contrast key facts about SPDR Portfolio Aggregate Bond ETF (SPAB) and Vanguard Wellesley Income Fund Investor Shares (VWINX).
SPAB is a passively managed fund by State Street that tracks the performance of the Bloomberg US Aggregate. It was launched on May 23, 2007. VWINX is managed by Vanguard. It was launched on Jul 1, 1970.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPAB or VWINX.
Key characteristics
| SPAB | VWINX | |
|---|---|---|
| YTD Return | 1.57% | 7.46% |
| 1Y Return | 7.98% | 17.15% |
| 3Y Return (Ann) | -2.31% | -0.54% |
| 5Y Return (Ann) | -0.27% | 2.63% |
| 10Y Return (Ann) | 1.38% | 3.33% |
| Sharpe Ratio | 1.37 | 2.56 |
| Sortino Ratio | 2.00 | 3.95 |
| Omega Ratio | 1.24 | 1.53 |
| Calmar Ratio | 0.51 | 1.03 |
| Martin Ratio | 4.74 | 16.67 |
| Ulcer Index | 1.67% | 1.03% |
| Daily Std Dev | 5.81% | 6.70% |
| Max Drawdown | -18.56% | -24.01% |
| Current Drawdown | -8.84% | -2.27% |
Correlation
The correlation between SPAB and VWINX is 0.26, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
SPAB vs. VWINX - Performance Comparison
In the year-to-date period, SPAB achieves a 1.57% return, which is significantly lower than VWINX's 7.46% return. Over the past 10 years, SPAB has underperformed VWINX with an annualized return of 1.38%, while VWINX has yielded a comparatively higher 3.33% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SPAB vs. VWINX - Expense Ratio Comparison
SPAB has a 0.03% expense ratio, which is lower than VWINX's 0.23% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
SPAB vs. VWINX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio Aggregate Bond ETF (SPAB) 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.
Dividends
SPAB vs. VWINX - Dividend Comparison
SPAB's dividend yield for the trailing twelve months is around 3.80%, less than VWINX's 5.77% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPAB SPDR Portfolio Aggregate Bond ETF | 3.80% | 3.34% | 2.59% | 2.11% | 2.43% | 2.92% | 2.96% | 2.67% | 2.63% | 2.61% | 2.43% | 1.99% |
VWINX Vanguard Wellesley Income Fund Investor Shares | 5.77% | 5.71% | 3.17% | 2.48% | 2.65% | 2.90% | 3.30% | 2.85% | 2.94% | 3.11% | 3.16% | 3.05% |
Drawdowns
SPAB vs. VWINX - Drawdown Comparison
The maximum SPAB drawdown since its inception was -18.56%, smaller than the maximum VWINX drawdown of -24.01%. Use the drawdown chart below to compare losses from any high point for SPAB and VWINX. For additional features, visit the drawdowns tool.
Volatility
SPAB vs. VWINX - Volatility Comparison
SPDR Portfolio Aggregate Bond ETF (SPAB) has a higher volatility of 1.78% compared to Vanguard Wellesley Income Fund Investor Shares (VWINX) at 1.65%. This indicates that SPAB'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.