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VBAIX vs. VWENX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

VBAIX vs. VWENX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Balanced Index Fund Institutional Shares (VBAIX) and Vanguard Wellington Fund Admiral Shares (VWENX). The values are adjusted to include any dividend payments, if applicable.

-2.00%0.00%2.00%4.00%6.00%8.00%10.00%JuneJulyAugustSeptemberOctoberNovember
8.73%
7.54%
VBAIX
VWENX

Returns By Period

The year-to-date returns for both investments are quite close, with VBAIX having a 14.80% return and VWENX slightly higher at 15.07%. Over the past 10 years, VBAIX has outperformed VWENX with an annualized return of 7.58%, while VWENX has yielded a comparatively lower 4.25% annualized return.


VBAIX

YTD

14.80%

1M

0.78%

6M

8.73%

1Y

18.88%

5Y (annualized)

7.52%

10Y (annualized)

7.58%

VWENX

YTD

15.07%

1M

0.50%

6M

7.54%

1Y

20.25%

5Y (annualized)

4.50%

10Y (annualized)

4.25%

Key characteristics


VBAIXVWENX
Sharpe Ratio2.172.41
Sortino Ratio2.943.35
Omega Ratio1.411.45
Calmar Ratio1.831.16
Martin Ratio13.0316.53
Ulcer Index1.43%1.22%
Daily Std Dev8.63%8.35%
Max Drawdown-35.82%-38.68%
Current Drawdown-1.12%-1.22%

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VBAIX vs. VWENX - Expense Ratio Comparison

VBAIX has a 0.06% expense ratio, which is lower than VWENX's 0.16% 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%.


VWENX
Vanguard Wellington Fund Admiral Shares
Expense ratio chart for VWENX: current value at 0.16% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.16%
Expense ratio chart for VBAIX: current value at 0.06% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.06%

Correlation

-0.50.00.51.01.0

The correlation between VBAIX and VWENX is 0.96, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Risk-Adjusted Performance

VBAIX vs. VWENX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Balanced Index Fund Institutional Shares (VBAIX) 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.


Sharpe ratio
The chart of Sharpe ratio for VBAIX, currently valued at 2.17, compared to the broader market-1.000.001.002.003.004.005.002.172.41
The chart of Sortino ratio for VBAIX, currently valued at 2.94, compared to the broader market0.005.0010.002.943.35
The chart of Omega ratio for VBAIX, currently valued at 1.41, compared to the broader market1.002.003.004.001.411.45
The chart of Calmar ratio for VBAIX, currently valued at 1.83, compared to the broader market0.005.0010.0015.0020.0025.001.831.16
The chart of Martin ratio for VBAIX, currently valued at 13.03, compared to the broader market0.0020.0040.0060.0080.00100.0013.0316.53
VBAIX
VWENX

The current VBAIX Sharpe Ratio is 2.17, which is comparable to the VWENX Sharpe Ratio of 2.41. The chart below compares the historical Sharpe Ratios of VBAIX and VWENX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio1.001.502.002.503.00JuneJulyAugustSeptemberOctoberNovember
2.17
2.41
VBAIX
VWENX

Dividends

VBAIX vs. VWENX - Dividend Comparison

VBAIX's dividend yield for the trailing twelve months is around 2.04%, less than VWENX's 5.50% yield.


TTM20232022202120202019201820172016201520142013
VBAIX
Vanguard Balanced Index Fund Institutional Shares
2.04%2.05%1.94%1.39%1.66%2.13%2.32%1.96%2.10%2.10%1.93%1.85%
VWENX
Vanguard Wellington Fund Admiral Shares
5.50%6.08%2.34%1.79%2.15%2.61%3.10%2.53%2.64%2.81%2.63%2.58%

Drawdowns

VBAIX vs. VWENX - Drawdown Comparison

The maximum VBAIX drawdown since its inception was -35.82%, smaller than the maximum VWENX drawdown of -38.68%. Use the drawdown chart below to compare losses from any high point for VBAIX and VWENX. For additional features, visit the drawdowns tool.


-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-1.12%
-1.22%
VBAIX
VWENX

Volatility

VBAIX vs. VWENX - Volatility Comparison

The current volatility for Vanguard Balanced Index Fund Institutional Shares (VBAIX) is 2.61%, while Vanguard Wellington Fund Admiral Shares (VWENX) has a volatility of 2.79%. This indicates that VBAIX 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.


1.50%2.00%2.50%3.00%3.50%4.00%JuneJulyAugustSeptemberOctoberNovember
2.61%
2.79%
VBAIX
VWENX