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.
Performance
VEIRX vs. VWESX - Performance Comparison
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VEIRX vs. VWESX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VEIRX Vanguard Equity Income Fund Admiral Shares | 1.50% | 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 | -1.27% | 7.20% | -2.75% | 9.30% | -25.62% | -3.14% | 15.39% | 20.44% | -6.26% | 11.96% |
Returns By Period
In the year-to-date period, VEIRX achieves a 1.50% return, which is significantly higher than VWESX's -1.27% return. Over the past 10 years, VEIRX has outperformed VWESX with an annualized return of 11.33%, while VWESX has yielded a comparatively lower 1.75% annualized return.
VEIRX
- 1D
- 1.63%
- 1M
- -4.28%
- YTD
- 1.50%
- 6M
- 4.80%
- 1Y
- 16.06%
- 3Y*
- 14.61%
- 5Y*
- 10.79%
- 10Y*
- 11.33%
VWESX
- 1D
- 0.40%
- 1M
- -2.97%
- YTD
- -1.27%
- 6M
- -1.84%
- 1Y
- 2.49%
- 3Y*
- 2.11%
- 5Y*
- -2.27%
- 10Y*
- 1.75%
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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%.
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 | 1.06 | 0.34 | +0.72 |
Sortino ratioReturn per unit of downside risk | 1.53 | 0.52 | +1.01 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.07 | +0.17 |
Calmar ratioReturn relative to maximum drawdown | 1.54 | 0.71 | +0.83 |
Martin ratioReturn relative to average drawdown | 6.76 | 1.72 | +5.04 |
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 | 1.06 | 0.34 | +0.72 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.78 | -0.19 | +0.97 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.70 | 0.16 | +0.54 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.55 | -0.05 |
Correlation
The correlation between VEIRX and VWESX is -0.18. 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.
Dividends
VEIRX vs. VWESX - Dividend Comparison
VEIRX's dividend yield for the trailing twelve months is around 10.94%, more than VWESX's 4.65% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VEIRX Vanguard Equity Income Fund Admiral Shares | 10.94% | 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 | 4.65% | 4.95% | 5.06% | 4.55% | 4.43% | 4.51% | 6.89% | 5.01% | 4.31% | 5.50% | 6.14% | 7.38% |
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 | -10.96% | -5.45% | -5.51% |
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 | -5.33% | -20.51% | +15.18% |
Average DrawdownAverage peak-to-trough decline | -6.54% | -6.69% | +0.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.49% | 2.25% | +0.24% |
Volatility
VEIRX vs. VWESX - Volatility Comparison
Vanguard Equity Income Fund Admiral Shares (VEIRX) has a higher volatility of 3.67% compared to Vanguard Long-Term Investment-Grade Fund Investor Shares (VWESX) at 3.42%. 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 | 3.67% | 3.42% | +0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 7.86% | 5.29% | +2.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.05% | 8.97% | +6.08% |
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 | 16.30% | 10.85% | +5.45% |