SWPPX vs. VWINX

Last updated Jun 4, 2026

SWPPX (Schwab S&P 500 Index Fund) and VWINX (Vanguard Wellesley Income Fund Investor Shares) are both mutual funds - SWPPX is a Large Cap Blend Equities fund tracking the S&P 500 Index, while VWINX is a Diversified Portfolio fund actively managed by Vanguard. SWPPX is passively managed, while VWINX is actively managed. Over the past 10 years, SWPPX returned 15.63%/yr vs 5.81%/yr for VWINX. A 0.71 correlation means they provide meaningful diversification when combined. SWPPX charges 0.02%/yr vs 0.22%/yr for VWINX.

Performance

SWPPX vs. VWINX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab S&P 500 Index Fund (SWPPX) 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, SWPPX achieves a 11.69% return, which is significantly higher than VWINX's 3.55% return. Over the past 10 years, SWPPX has outperformed VWINX with an annualized return of 15.63%, while VWINX has yielded a comparatively lower 5.81% annualized return.

SWPPX

• 1D: 0.15%
• 1M: 5.83%
• YTD: 11.69%
• 6M: 11.71%
• 1Y: 28.97%
• 3Y*: 22.73%
• 5Y*: 14.26%
• 10Y*: 15.63%

VWINX

• 1D: 0.31%
• 1M: 1.24%
• YTD: 3.55%
• 6M: 3.53%
• 1Y: 11.32%
• 3Y*: 8.86%
• 5Y*: 4.14%
• 10Y*: 5.81%

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

SWPPX vs. VWINX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SWPPX Schwab S&P 500 Index Fund	11.69%	17.87%	24.96%	26.26%	-18.14%	28.67%	18.38%	31.46%	-4.47%	21.81%
VWINX Vanguard Wellesley Income Fund Investor Shares	3.55%	10.98%	5.86%	6.99%	-9.09%	8.48%	8.44%	16.39%	-2.54%	9.29%

Correlation

The correlation between SWPPX and VWINX is 0.61, 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	0.61
Correlation (3Y) Calculated over the trailing 3-year period	0.61
Correlation (5Y) Calculated over the trailing 5-year period	0.66
Correlation (10Y) Calculated over the trailing 10-year period	0.68
Correlation (All Time) Calculated using the full available price history since May 21, 1997	0.71

The correlation between SWPPX and VWINX shifts across timeframes, from 0.61 (3 years) to 0.71 (all time), reflecting how their relationship changes across market environments.

SWPPX vs. VWINX - Sectors Allocation Comparison

Sectors	SWPPX	VWINX
Technology	35.6%	4.2%
Financial Services	11.8%	7.9%
Communication Services	11.2%	1.1%
Consumer Cyclical	10.1%	1.9%
Healthcare	8.5%	5.7%
Industrials	8.3%	3.6%
Consumer Defensive	4.9%	3.6%
Energy	3.5%	3.1%
Utilities	2.4%	3.6%
Real Estate	1.9%	1.1%
Basic Materials	1.8%	1.4%

Return for Risk

SWPPX vs. VWINX — Risk / Return Rank

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

SWPPX

SWPPX Risk / Return Rank: 73
SWPPX Sharpe Ratio Rank: 75
SWPPX Sortino Ratio Rank: 67
SWPPX Omega Ratio Rank: 67
SWPPX Calmar Ratio Rank: 74
SWPPX Martin Ratio Rank: 83

VWINX

VWINX Risk / Return Rank: 57
VWINX Sharpe Ratio Rank: 61
VWINX Sortino Ratio Rank: 62
VWINX Omega Ratio Rank: 58
VWINX Calmar Ratio Rank: 54
VWINX Martin Ratio Rank: 52

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.

SWPPX vs. VWINX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab S&P 500 Index Fund (SWPPX) 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.

	SWPPX	VWINX	Difference
Sharpe ratio: Return per unit of total volatility	2.52	2.29	+0.22
Sortino ratio: Return per unit of downside risk	3.41	3.30	+0.11
Omega ratio: Gain probability vs. loss probability	1.46	1.42	+0.03
Calmar ratio: Return relative to maximum drawdown	3.36	2.81	+0.55
Martin ratio: Return relative to average drawdown	15.67	10.57	+5.10
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SWPPX vs. VWINX - Sharpe Ratio Comparison

The current SWPPX Sharpe Ratio is 2.52, which is comparable to the VWINX Sharpe Ratio of 2.29. The chart below compares the historical Sharpe Ratios of SWPPX 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.

Sharpe Ratios by Period

	SWPPX	VWINX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.52	2.29	+0.22
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.85	0.60	+0.25
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.86	0.84	+0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.51	1.08	-0.57

Drawdowns

SWPPX vs. VWINX - Drawdown Comparison

The maximum SWPPX drawdown since its inception was -55.06%, which is greater than VWINX's maximum drawdown of -21.72%. Use the drawdown chart below to compare losses from any high point for SWPPX and VWINX.

Drawdown Indicators

	SWPPX	VWINX	Difference
Max Drawdown Largest peak-to-trough decline	-55.06%	-21.72%	-33.34%
Max Drawdown (1Y) Largest decline over 1 year	-8.89%	-4.16%	-4.73%
Max Drawdown (3Y) Largest decline over 3 years	-18.74%	-6.98%	-11.76%
Max Drawdown (5Y) Largest decline over 5 years	-24.51%	-15.30%	-9.21%
Max Drawdown (10Y) Largest decline over 10 years	-33.80%	-17.43%	-16.37%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-9.95%	-2.63%	-7.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.90%	1.10%	+0.80%

Volatility

SWPPX vs. VWINX - Volatility Comparison

Schwab S&P 500 Index Fund (SWPPX) has a higher volatility of 2.83% compared to Vanguard Wellesley Income Fund Investor Shares (VWINX) at 1.64%. This indicates that SWPPX'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

	SWPPX	VWINX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.83%	1.64%	+1.19%
Volatility (6M) Calculated over the trailing 6-month period	8.98%	3.89%	+5.09%
Volatility (1Y) Calculated over the trailing 1-year period	11.87%	5.09%	+6.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.93%	6.97%	+9.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.23%	6.92%	+11.31%

SWPPX vs. VWINX - Expense Ratio Comparison

SWPPX has a 0.02% expense ratio, which is lower than VWINX's 0.22% 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%.

Dividends

SWPPX vs. VWINX - Dividend Comparison

SWPPX's dividend yield for the trailing twelve months is around 0.99%, less than VWINX's 7.68% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SWPPX Schwab S&P 500 Index Fund	0.99%	1.11%	1.23%	1.43%	1.67%	1.27%	1.81%	1.95%	2.67%	1.79%	2.55%	3.17%
VWINX Vanguard Wellesley Income Fund Investor Shares	7.68%	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 SWPPX and VWINX in my portfolio?

SWPPX and VWINX have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SWPPX or VWINX?

SWPPX has higher volatility (2.83%) compared to VWINX (1.64%). In terms of maximum drawdown, SWPPX dropped -55.06% vs VWINX's -21.72%.

Which has better risk-adjusted returns?

SWPPX currently has the higher Sharpe Ratio (2.52 vs 2.29), 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.