VEIRX vs. VWNEX
VEIRX (Vanguard Equity Income Fund Admiral Shares) and VWNEX (Vanguard Windsor Fund Admiral Shares) are both mutual funds - VEIRX is a Dividend fund actively managed by Vanguard, while VWNEX is a Large Cap Value Equities fund actively managed by Vanguard. Both are actively managed. Over the past 10 years, VEIRX returned 11.87%/yr vs 12.36%/yr for VWNEX. Their correlation of 0.94 means they have usually moved in the same direction. VEIRX charges 0.19%/yr vs 0.18%/yr for VWNEX.
Performance
VEIRX vs. VWNEX - Performance Comparison
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Returns By Period
In the year-to-date period, VEIRX achieves a 11.85% return, which is significantly lower than VWNEX's 12.69% return. Both investments have delivered pretty close results over the past 10 years, with VEIRX having a 11.87% annualized return and VWNEX not far ahead at 12.36%.
VEIRX
- 1D
- -0.01%
- 1M
- 1.91%
- 6M
- 7.76%
- YTD
- 11.85%
- 1Y
- 23.30%
- 3Y*
- 15.64%
- 5Y*
- 11.73%
- 10Y*
- 11.87%
- ALL TIME*
- 9.07%
VWNEX
- 1D
- 0.36%
- 1M
- 2.61%
- 6M
- 9.28%
- YTD
- 12.69%
- 1Y
- 25.87%
- 3Y*
- 13.08%
- 5Y*
- 10.87%
- 10Y*
- 12.36%
- ALL TIME*
- 8.76%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
VEIRX vs. VWNEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VEIRX Vanguard Equity Income Fund Admiral Shares | 11.85% | 17.25% | 14.91% | 7.76% | -0.08% | 25.49% | 3.08% | 25.34% | -5.68% | 17.68% |
VWNEX Vanguard Windsor Fund Admiral Shares | 12.69% | 13.40% | 9.64% | 15.11% | -3.05% | 27.92% | 7.45% | 30.53% | -12.39% | 18.19% |
Correlation
The correlation between VEIRX and VWNEX is 0.88, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.88 |
Correlation (3Y) Balances recent behavior with more history. | 0.92 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.93 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.93 |
Correlation (All Time) Calculated using the full available price history since Nov 12, 2001 | 0.94 |
The correlation between VEIRX and VWNEX has been stable across timeframes, ranging from 0.88 to 0.94 - a consistent structural relationship.
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Return for Risk
VEIRX vs. VWNEX — Risk / Return Rank
VEIRX
VWNEX
VEIRX vs. VWNEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Equity Income Fund Admiral Shares (VEIRX) and Vanguard Windsor Fund Admiral Shares (VWNEX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| VEIRX | VWNEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.18 | ||
| Sortino ratioReturn per unit of downside risk | +0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.36 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.12 | 3.11 | +0.01 |
| Martin ratioReturn relative to average drawdown | 11.78 | 11.50 | +0.28 |
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Drawdowns
VEIRX vs. VWNEX - Drawdown Comparison
The maximum VEIRX drawdown since its inception was -54.02%, smaller than the maximum VWNEX drawdown of -61.41%. Use the drawdown chart below to compare losses from any high point for VEIRX and VWNEX.
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Drawdown Indicators
| VEIRX | VWNEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.02% | -61.41% | +7.39% |
Max Drawdown (1Y)Largest decline over 1 year | -7.13% | -7.89% | +0.76% |
Max Drawdown (3Y)Largest decline over 3 years | -13.36% | -21.72% | +8.36% |
Max Drawdown (5Y)Largest decline over 5 years | -15.12% | -21.72% | +6.60% |
Max Drawdown (10Y)Largest decline over 10 years | -35.26% | -40.12% | +4.86% |
Current DrawdownCurrent decline from peak | -0.86% | 0.00% | -0.86% |
Average DrawdownAverage peak-to-trough decline | -6.46% | -9.79% | +3.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.89% | 2.13% | -0.24% |
Volatility
VEIRX vs. VWNEX - Volatility Comparison
The current volatility for Vanguard Equity Income Fund Admiral Shares (VEIRX) is 2.57%, while Vanguard Windsor Fund Admiral Shares (VWNEX) has a volatility of 3.24%. This indicates that VEIRX experiences smaller price fluctuations and is considered to be less risky than VWNEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VEIRX | VWNEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.57% | 3.24% | -0.67% |
Volatility (6M)Calculated over the trailing 6-month period | 7.37% | 8.79% | -1.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.27% | 12.35% | -2.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.84% | 17.25% | -3.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.25% | 19.50% | -3.25% |
VEIRX vs. VWNEX - Expense Ratio Comparison
VEIRX has a 0.19% expense ratio, which is higher than VWNEX's 0.18% 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%.
Dividends
VEIRX vs. VWNEX - Dividend Comparison
VEIRX's dividend yield for the trailing twelve months is around 9.92%, more than VWNEX's 6.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VEIRX Vanguard Equity Income Fund Admiral Shares | 9.92% | 11.03% | 9.83% | 7.96% | 8.79% | 7.71% | 2.86% | 4.45% | 10.98% | 3.04% | 3.87% | 6.48% |
VWNEX Vanguard Windsor Fund Admiral Shares | 6.91% | 7.90% | 12.60% | 8.34% | 15.50% | 11.57% | 8.47% | 10.36% | 13.30% | 3.56% | 4.99% | 8.62% |
Frequently Asked Questions
VEIRX and VWNEX have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VWNEX has higher volatility (3.24%) compared to VEIRX (2.57%). In terms of maximum drawdown, VEIRX dropped -54.02% vs VWNEX's -61.41%.
VEIRX currently has the higher Sharpe Ratio (2.19 vs 2.01), 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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