VGWAX vs. RPGAX
Compare and contrast key facts about Vanguard Global Wellington Fund Admiral Shares (VGWAX) and T. Rowe Price Global Allocation Fund (RPGAX).
VGWAX is managed by Vanguard. It was launched on Nov 2, 2017. RPGAX is an actively managed fund by T. Rowe Price. It was launched on May 28, 2013.
Performance
VGWAX vs. RPGAX - Performance Comparison
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VGWAX vs. RPGAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
VGWAX Vanguard Global Wellington Fund Admiral Shares | 1.04% | 17.48% | 6.27% | 12.54% | -7.07% | 13.51% | 7.51% | 22.16% | -5.05% |
RPGAX T. Rowe Price Global Allocation Fund | -2.19% | 15.00% | 9.65% | 13.78% | -14.54% | 9.17% | 14.80% | 20.37% | -8.34% |
Returns By Period
In the year-to-date period, VGWAX achieves a 1.04% return, which is significantly higher than RPGAX's -2.19% return.
VGWAX
- 1D
- 0.23%
- 1M
- -6.46%
- YTD
- 1.04%
- 6M
- 5.86%
- 1Y
- 13.97%
- 3Y*
- 11.30%
- 5Y*
- 7.50%
- 10Y*
- —
RPGAX
- 1D
- -0.13%
- 1M
- -6.58%
- YTD
- -2.19%
- 6M
- 0.28%
- 1Y
- 10.99%
- 3Y*
- 10.43%
- 5Y*
- 4.84%
- 10Y*
- 7.40%
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VGWAX vs. RPGAX - Expense Ratio Comparison
VGWAX has a 0.29% expense ratio, which is lower than RPGAX's 1.01% expense ratio.
Return for Risk
VGWAX vs. RPGAX — Risk / Return Rank
VGWAX
RPGAX
VGWAX vs. RPGAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Global Wellington Fund Admiral Shares (VGWAX) and T. Rowe Price Global Allocation Fund (RPGAX). 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.
| VGWAX | RPGAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.50 | 1.13 | +0.36 |
Sortino ratioReturn per unit of downside risk | 2.05 | 1.60 | +0.46 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.24 | +0.06 |
Calmar ratioReturn relative to maximum drawdown | 1.95 | 1.33 | +0.62 |
Martin ratioReturn relative to average drawdown | 7.80 | 5.80 | +2.00 |
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
| VGWAX | RPGAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.50 | 1.13 | +0.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.83 | 0.52 | +0.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.73 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.74 | 0.65 | +0.08 |
Correlation
The correlation between VGWAX and RPGAX is 0.90, 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.
Dividends
VGWAX vs. RPGAX - Dividend Comparison
VGWAX's dividend yield for the trailing twelve months is around 6.69%, less than RPGAX's 7.19% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VGWAX Vanguard Global Wellington Fund Admiral Shares | 6.69% | 6.78% | 7.47% | 2.66% | 4.50% | 3.36% | 1.64% | 2.08% | 2.62% | 0.00% | 0.00% | 0.00% |
RPGAX T. Rowe Price Global Allocation Fund | 7.19% | 7.03% | 5.24% | 2.49% | 3.15% | 7.54% | 1.05% | 2.97% | 2.52% | 0.75% | 0.36% | 1.62% |
Drawdowns
VGWAX vs. RPGAX - Drawdown Comparison
The maximum VGWAX drawdown since its inception was -25.28%, roughly equal to the maximum RPGAX drawdown of -24.42%. Use the drawdown chart below to compare losses from any high point for VGWAX and RPGAX.
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Drawdown Indicators
| VGWAX | RPGAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.28% | -24.42% | -0.86% |
Max Drawdown (1Y)Largest decline over 1 year | -7.04% | -7.66% | +0.62% |
Max Drawdown (5Y)Largest decline over 5 years | -17.46% | -21.79% | +4.33% |
Max Drawdown (10Y)Largest decline over 10 years | — | -24.42% | — |
Current DrawdownCurrent decline from peak | -6.46% | -6.75% | +0.29% |
Average DrawdownAverage peak-to-trough decline | -2.94% | -3.88% | +0.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.76% | 1.76% | 0.00% |
Volatility
VGWAX vs. RPGAX - Volatility Comparison
Vanguard Global Wellington Fund Admiral Shares (VGWAX) and T. Rowe Price Global Allocation Fund (RPGAX) have volatilities of 3.38% and 3.41%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VGWAX | RPGAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.38% | 3.41% | -0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 5.80% | 5.82% | -0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.58% | 9.82% | -0.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.09% | 9.38% | -0.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.99% | 10.19% | +0.80% |