VEIRX vs. VWESX
VEIRX (Vanguard Equity Income Fund Admiral Shares) and VWESX (Vanguard Long-Term Investment-Grade Fund Investor Shares) are both mutual funds - VEIRX is a Large Cap Value Equities fund managed by Vanguard, while VWESX is a Total Bond Market fund managed by Vanguard. Over the past 10 years, VEIRX returned 11.95%/yr vs 1.63%/yr for VWESX. At a correlation of -0.18, they often move in opposite directions. VEIRX charges 0.19%/yr vs 0.22%/yr for VWESX.
Performance
VEIRX vs. VWESX - Performance Comparison
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Returns By Period
In the year-to-date period, VEIRX achieves a 9.73% return, which is significantly higher than VWESX's 0.81% return. Over the past 10 years, VEIRX has outperformed VWESX with an annualized return of 11.95%, while VWESX has yielded a comparatively lower 1.63% annualized return.
VEIRX
- 1D
- 0.79%
- 1M
- 2.95%
- YTD
- 9.73%
- 6M
- 9.86%
- 1Y
- 23.54%
- 3Y*
- 17.62%
- 5Y*
- 11.11%
- 10Y*
- 11.95%
VWESX
- 1D
- 0.00%
- 1M
- 1.77%
- YTD
- 0.81%
- 6M
- -0.07%
- 1Y
- 7.69%
- 3Y*
- 3.50%
- 5Y*
- -2.10%
- 10Y*
- 1.63%
VEIRX vs. VWESX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VEIRX Vanguard Equity Income Fund Admiral Shares | 9.73% | 17.25% | 14.91% | 7.76% | -0.08% | 25.49% | 3.08% | 25.34% | -5.68% | 17.68% |
VWESX Vanguard Long-Term Investment-Grade Fund Investor Shares | 0.81% | 7.20% | -2.75% | 9.30% | -25.62% | -3.14% | 15.39% | 20.44% | -6.26% | 11.96% |
Correlation
The correlation between VEIRX and VWESX is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Aug 14, 2001 | -0.18 |
The correlation between VEIRX and VWESX shifts across timeframes, from -0.18 (all time) to 0.31 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
VEIRX vs. VWESX — Risk / Return Rank
VEIRX
VWESX
VEIRX vs. VWESX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Equity Income Fund Admiral Shares (VEIRX) and Vanguard Long-Term Investment-Grade Fund Investor Shares (VWESX). 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.
| VEIRX | VWESX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.39 | ||
| Sortino ratioReturn per unit of downside risk | +1.91 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.18 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 3.44 | 1.54 | +1.90 |
| Martin ratioReturn relative to average drawdown | 12.85 | 3.90 | +8.94 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VEIRX | VWESX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.39 | 1.00 | +1.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.80 | -0.17 | +0.98 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.74 | 0.15 | +0.58 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.56 | -0.04 |
Drawdowns
VEIRX vs. VWESX - Drawdown Comparison
The maximum VEIRX drawdown since its inception was -54.02%, which is greater than VWESX's maximum drawdown of -36.34%. Use the drawdown chart below to compare losses from any high point for VEIRX and VWESX.
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Drawdown Indicators
| VEIRX | VWESX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.02% | -36.34% | -17.68% |
Max Drawdown (1Y)Largest decline over 1 year | -7.13% | -5.12% | -2.01% |
Max Drawdown (3Y)Largest decline over 3 years | -13.36% | -13.36% | 0.00% |
Max Drawdown (5Y)Largest decline over 5 years | -15.12% | -34.48% | +19.36% |
Max Drawdown (10Y)Largest decline over 10 years | -35.26% | -36.34% | +1.08% |
Current DrawdownCurrent decline from peak | 0.00% | -18.84% | +18.84% |
Average DrawdownAverage peak-to-trough decline | -6.50% | -6.74% | +0.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.91% | 2.01% | -0.10% |
Volatility
VEIRX vs. VWESX - Volatility Comparison
Vanguard Equity Income Fund Admiral Shares (VEIRX) has a higher volatility of 2.84% compared to Vanguard Long-Term Investment-Grade Fund Investor Shares (VWESX) at 2.57%. This indicates that VEIRX's price experiences larger fluctuations and is considered to be riskier than VWESX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VEIRX | VWESX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.84% | 2.57% | +0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 7.65% | 5.62% | +2.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.25% | 7.86% | +2.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.92% | 12.10% | +1.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.31% | 10.86% | +5.45% |
VEIRX vs. VWESX - Expense Ratio Comparison
VEIRX has a 0.19% expense ratio, which is lower than VWESX'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
VEIRX vs. VWESX - Dividend Comparison
VEIRX's dividend yield for the trailing twelve months is around 10.12%, more than VWESX's 5.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VEIRX Vanguard Equity Income Fund Admiral Shares | 10.12% | 11.03% | 9.83% | 7.96% | 8.79% | 7.71% | 2.86% | 4.45% | 10.98% | 3.04% | 3.87% | 6.48% |
VWESX Vanguard Long-Term Investment-Grade Fund Investor Shares | 5.05% | 4.95% | 5.06% | 4.55% | 4.43% | 4.51% | 6.89% | 5.01% | 4.31% | 5.50% | 6.14% | 7.38% |
Frequently Asked Questions
VEIRX and VWESX have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VEIRX has higher volatility (2.84%) compared to VWESX (2.57%). In terms of maximum drawdown, VEIRX dropped -54.02% vs VWESX's -36.34%.
VEIRX currently has the higher Sharpe Ratio (2.39 vs 1.00), 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.
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