VEIRX vs. VWIAX
Compare and contrast key facts about Vanguard Equity Income Fund Admiral Shares (VEIRX) and Vanguard Wellesley Income Fund Admiral Shares (VWIAX).
VEIRX is managed by Vanguard. It was launched on Aug 13, 2001. VWIAX is managed by Vanguard. It was launched on May 14, 2001.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VEIRX or VWIAX.
Performance
VEIRX vs. VWIAX - Performance Comparison
Returns By Period
In the year-to-date period, VEIRX achieves a 17.38% return, which is significantly higher than VWIAX's 7.00% return. Over the past 10 years, VEIRX has outperformed VWIAX with an annualized return of 6.62%, while VWIAX has yielded a comparatively lower 3.33% annualized return.
VEIRX
17.38%
-0.48%
7.31%
20.19%
7.24%
6.62%
VWIAX
7.00%
-1.60%
4.22%
14.85%
2.56%
3.33%
Key characteristics
| VEIRX | VWIAX | |
|---|---|---|
| Sharpe Ratio | 1.73 | 2.30 |
| Sortino Ratio | 2.28 | 3.50 |
| Omega Ratio | 1.33 | 1.47 |
| Calmar Ratio | 2.13 | 1.00 |
| Martin Ratio | 8.14 | 14.56 |
| Ulcer Index | 2.41% | 1.03% |
| Daily Std Dev | 11.36% | 6.56% |
| Max Drawdown | -56.75% | -23.93% |
| Current Drawdown | -1.67% | -2.54% |
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VEIRX vs. VWIAX - Expense Ratio Comparison
VEIRX has a 0.19% expense ratio, which is higher than VWIAX's 0.16% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Correlation
The correlation between VEIRX and VWIAX is 0.81, 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
VEIRX vs. VWIAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Equity Income Fund Admiral Shares (VEIRX) and Vanguard Wellesley Income Fund Admiral Shares (VWIAX). 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. VWIAX - Dividend Comparison
VEIRX's dividend yield for the trailing twelve months is around 2.81%, less than VWIAX's 5.88% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VEIRX Vanguard Equity Income Fund Admiral Shares | 2.81% | 3.03% | 3.03% | 2.49% | 2.70% | 2.71% | 3.25% | 2.54% | 2.83% | 3.05% | 2.78% | 2.60% |
VWIAX Vanguard Wellesley Income Fund Admiral Shares | 5.88% | 5.80% | 3.25% | 2.55% | 2.72% | 2.97% | 3.38% | 2.92% | 3.02% | 3.18% | 3.23% | 3.13% |
Drawdowns
VEIRX vs. VWIAX - Drawdown Comparison
The maximum VEIRX drawdown since its inception was -56.75%, which is greater than VWIAX's maximum drawdown of -23.93%. Use the drawdown chart below to compare losses from any high point for VEIRX and VWIAX. For additional features, visit the drawdowns tool.
Volatility
VEIRX vs. VWIAX - Volatility Comparison
Vanguard Equity Income Fund Admiral Shares (VEIRX) has a higher volatility of 3.58% compared to Vanguard Wellesley Income Fund Admiral Shares (VWIAX) at 1.60%. This indicates that VEIRX's price experiences larger fluctuations and is considered to be riskier than VWIAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.