VGAVX vs. VWIAX
Compare and contrast key facts about Vanguard Emerging Markets Government Bond Index Fund Admiral Shares (VGAVX) and Vanguard Wellesley Income Fund Admiral Shares (VWIAX).
VGAVX is managed by Vanguard. It was launched on May 31, 2013. VWIAX is managed by Vanguard. It was launched on May 14, 2001.
Performance
VGAVX vs. VWIAX - Performance Comparison
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VGAVX vs. VWIAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VGAVX Vanguard Emerging Markets Government Bond Index Fund Admiral Shares | -1.88% | 12.98% | 6.27% | 10.44% | -16.68% | -1.74% | 5.82% | 14.01% | -2.77% | 8.45% |
VWIAX Vanguard Wellesley Income Fund Admiral Shares | 0.28% | 11.08% | 5.92% | 7.07% | -9.04% | 8.55% | 8.52% | 16.47% | -2.49% | 9.37% |
Returns By Period
In the year-to-date period, VGAVX achieves a -1.88% return, which is significantly lower than VWIAX's 0.28% return. Over the past 10 years, VGAVX has underperformed VWIAX with an annualized return of 3.59%, while VWIAX has yielded a comparatively higher 5.75% annualized return.
VGAVX
- 1D
- 0.36%
- 1M
- -3.00%
- YTD
- -1.88%
- 6M
- 0.74%
- 1Y
- 8.07%
- 3Y*
- 8.36%
- 5Y*
- 2.22%
- 10Y*
- 3.59%
VWIAX
- 1D
- 0.72%
- 1M
- -2.79%
- YTD
- 0.28%
- 6M
- 1.95%
- 1Y
- 8.21%
- 3Y*
- 7.63%
- 5Y*
- 4.20%
- 10Y*
- 5.75%
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VGAVX vs. VWIAX - Expense Ratio Comparison
VGAVX has a 0.20% 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%.
Return for Risk
VGAVX vs. VWIAX — Risk / Return Rank
VGAVX
VWIAX
VGAVX vs. VWIAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Emerging Markets Government Bond Index Fund Admiral Shares (VGAVX) 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.
| VGAVX | VWIAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.88 | 1.24 | +0.64 |
Sortino ratioReturn per unit of downside risk | 2.66 | 1.75 | +0.92 |
Omega ratioGain probability vs. loss probability | 1.39 | 1.25 | +0.14 |
Calmar ratioReturn relative to maximum drawdown | 2.16 | 1.75 | +0.41 |
Martin ratioReturn relative to average drawdown | 8.81 | 6.90 | +1.91 |
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
| VGAVX | VWIAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.88 | 1.24 | +0.64 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | 0.61 | -0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | 0.84 | -0.27 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.92 | -0.28 |
Correlation
The correlation between VGAVX and VWIAX is 0.48, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
VGAVX vs. VWIAX - Dividend Comparison
VGAVX's dividend yield for the trailing twelve months is around 5.42%, less than VWIAX's 8.01% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VGAVX Vanguard Emerging Markets Government Bond Index Fund Admiral Shares | 5.42% | 5.88% | 6.56% | 5.50% | 5.29% | 4.27% | 4.20% | 4.60% | 4.54% | 4.62% | 4.73% | 4.94% |
VWIAX Vanguard Wellesley Income Fund Admiral Shares | 8.01% | 7.93% | 6.69% | 4.80% | 7.75% | 6.11% | 4.37% | 4.00% | 7.64% | 3.25% | 4.07% | 5.66% |
Drawdowns
VGAVX vs. VWIAX - Drawdown Comparison
The maximum VGAVX drawdown since its inception was -26.77%, which is greater than VWIAX's maximum drawdown of -21.64%. Use the drawdown chart below to compare losses from any high point for VGAVX and VWIAX.
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Drawdown Indicators
| VGAVX | VWIAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.77% | -21.64% | -5.13% |
Max Drawdown (1Y)Largest decline over 1 year | -3.97% | -5.00% | +1.03% |
Max Drawdown (5Y)Largest decline over 5 years | -26.77% | -15.26% | -11.51% |
Max Drawdown (10Y)Largest decline over 10 years | -26.77% | -17.41% | -9.36% |
Current DrawdownCurrent decline from peak | -3.57% | -3.11% | -0.46% |
Average DrawdownAverage peak-to-trough decline | -4.73% | -2.23% | -2.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.97% | 1.27% | -0.30% |
Volatility
VGAVX vs. VWIAX - Volatility Comparison
The current volatility for Vanguard Emerging Markets Government Bond Index Fund Admiral Shares (VGAVX) is 1.91%, while Vanguard Wellesley Income Fund Admiral Shares (VWIAX) has a volatility of 2.26%. This indicates that VGAVX experiences smaller price fluctuations and is considered to be less risky than VWIAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VGAVX | VWIAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.91% | 2.26% | -0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 2.72% | 3.75% | -1.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.52% | 6.71% | -2.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.27% | 6.96% | -0.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.35% | 6.90% | -0.55% |