VEIRX vs. VWESX
Compare and contrast key facts about Vanguard Equity Income Fund Admiral Shares (VEIRX) and Vanguard Long-Term Investment-Grade Fund Investor Shares (VWESX).
VEIRX is managed by Vanguard. It was launched on Aug 13, 2001. VWESX is managed by Vanguard. It was launched on Jul 9, 1973.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VEIRX or VWESX.
Key characteristics
| VEIRX | VWESX | |
|---|---|---|
| YTD Return | 14.05% | 5.59% |
| 1Y Return | 19.83% | 15.15% |
| 3Y Return (Ann) | 9.71% | -5.33% |
| 5Y Return (Ann) | 11.10% | -0.37% |
| 10Y Return (Ann) | 10.17% | 3.16% |
| Sharpe Ratio | 1.82 | 1.26 |
| Daily Std Dev | 10.91% | 12.37% |
| Max Drawdown | -54.02% | -35.84% |
| Current Drawdown | -0.26% | -17.81% |
Correlation
The correlation between VEIRX and VWESX is -0.21. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
VEIRX vs. VWESX - Performance Comparison
In the year-to-date period, VEIRX achieves a 14.05% return, which is significantly higher than VWESX's 5.59% return. Over the past 10 years, VEIRX has outperformed VWESX with an annualized return of 10.17%, while VWESX has yielded a comparatively lower 3.16% 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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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%.
Risk-Adjusted Performance
VEIRX vs. VWESX - Risk-Adjusted Performance 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.
Dividends
VEIRX vs. VWESX - Dividend Comparison
VEIRX's dividend yield for the trailing twelve months is around 6.62%, more than VWESX's 4.54% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VEIRX Vanguard Equity Income Fund Admiral Shares | 6.62% | 7.96% | 8.79% | 7.71% | 2.86% | 4.45% | 10.98% | 3.74% | 3.87% | 6.48% | 6.03% | 5.28% |
VWESX Vanguard Long-Term Investment-Grade Fund Investor Shares | 4.54% | 4.55% | 4.43% | 5.28% | 6.89% | 5.01% | 4.30% | 5.49% | 6.16% | 5.92% | 5.41% | 5.55% |
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 -35.84%. Use the drawdown chart below to compare losses from any high point for VEIRX and VWESX. For additional features, visit the drawdowns tool.
Volatility
VEIRX vs. VWESX - Volatility Comparison
Vanguard Equity Income Fund Admiral Shares (VEIRX) has a higher volatility of 3.15% compared to Vanguard Long-Term Investment-Grade Fund Investor Shares (VWESX) at 1.87%. 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.