VGWIX vs. AVMA

Last updated Apr 1, 2026

Compare and contrast key facts about Vanguard Global Wellesley Income Fund Investor Shares (VGWIX) and Avantis Moderate Allocation ETF (AVMA).

VGWIX is managed by Vanguard. It was launched on Nov 2, 2017. AVMA is an actively managed fund by Avantis. It was launched on Jun 27, 2023.

Performance

VGWIX vs. AVMA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Global Wellesley Income Fund Investor Shares (VGWIX) and Avantis Moderate Allocation ETF (AVMA). The values are adjusted to include any dividend payments, if applicable.

VGWIX vs. AVMA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
VGWIX Vanguard Global Wellesley Income Fund Investor Shares	0.48%	13.18%	6.02%	5.46%
AVMA Avantis Moderate Allocation ETF	1.73%	16.72%	10.01%	8.19%

Returns By Period

In the year-to-date period, VGWIX achieves a 0.48% return, which is significantly lower than AVMA's 1.73% return.

VGWIX

• 1D: 0.39%
• 1M: -4.14%
• YTD: 0.48%
• 6M: 3.54%
• 1Y: 9.92%
• 3Y*: 8.39%
• 5Y*: 4.84%
• 10Y*: —

AVMA

• 1D: 1.95%
• 1M: -4.19%
• YTD: 1.73%
• 6M: 4.85%
• 1Y: 18.98%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

VGWIX vs. AVMA - Expense Ratio Comparison

VGWIX has a 0.41% expense ratio, which is higher than AVMA's 0.21% expense ratio.

VGWIX

Vanguard Global Wellesley Income Fund Investor Shares

AVMA

Avantis Moderate Allocation ETF

Return for Risk

VGWIX vs. AVMA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VGWIX

VGWIX Risk / Return Rank: 86
VGWIX Sharpe Ratio Rank: 87
VGWIX Sortino Ratio Rank: 87
VGWIX Omega Ratio Rank: 85
VGWIX Calmar Ratio Rank: 86
VGWIX Martin Ratio Rank: 86

AVMA

AVMA Risk / Return Rank: 83
AVMA Sharpe Ratio Rank: 82
AVMA Sortino Ratio Rank: 85
AVMA Omega Ratio Rank: 85
AVMA Calmar Ratio Rank: 79
AVMA Martin Ratio Rank: 86

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VGWIX vs. AVMA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Global Wellesley Income Fund Investor Shares (VGWIX) and Avantis Moderate Allocation ETF (AVMA). 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.

	VGWIX	AVMA	Difference
Sharpe ratio Return per unit of total volatility	1.72	1.57	+0.15
Sortino ratio Return per unit of downside risk	2.32	2.25	+0.07
Omega ratio Gain probability vs. loss probability	1.35	1.33	+0.01
Calmar ratio Return relative to maximum drawdown	2.21	2.08	+0.13
Martin ratio Return relative to average drawdown	8.95	9.88	-0.93
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VGWIX vs. AVMA - Sharpe Ratio Comparison

The current VGWIX Sharpe Ratio is 1.72, which is comparable to the AVMA Sharpe Ratio of 1.57. The chart below compares the historical Sharpe Ratios of VGWIX and AVMA, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	VGWIX	AVMA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.72	1.57	+0.15
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.79	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.71	1.30	-0.60

Correlation

The correlation between VGWIX and AVMA is 0.78, 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

VGWIX vs. AVMA - Dividend Comparison

VGWIX's dividend yield for the trailing twelve months is around 3.93%, more than AVMA's 2.54% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
VGWIX Vanguard Global Wellesley Income Fund Investor Shares	3.93%	3.88%	3.77%	3.03%	1.41%	2.27%	1.89%	2.17%	4.25%	0.29%
AVMA Avantis Moderate Allocation ETF	2.54%	2.21%	2.28%	1.11%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

VGWIX vs. AVMA - Drawdown Comparison

The maximum VGWIX drawdown since its inception was -17.74%, which is greater than AVMA's maximum drawdown of -11.81%. Use the drawdown chart below to compare losses from any high point for VGWIX and AVMA.

Drawdown Indicators

	VGWIX	AVMA	Difference
Max Drawdown Largest peak-to-trough decline	-17.74%	-11.81%	-5.93%
Max Drawdown (1Y) Largest decline over 1 year	-4.59%	-9.15%	+4.56%
Max Drawdown (5Y) Largest decline over 5 years	-15.95%	—	—
Current Drawdown Current decline from peak	-4.14%	-4.58%	+0.44%
Average Drawdown Average peak-to-trough decline	-2.72%	-1.61%	-1.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.13%	1.92%	-0.79%

Volatility

VGWIX vs. AVMA - Volatility Comparison

The current volatility for Vanguard Global Wellesley Income Fund Investor Shares (VGWIX) is 2.52%, while Avantis Moderate Allocation ETF (AVMA) has a volatility of 4.36%. This indicates that VGWIX experiences smaller price fluctuations and is considered to be less risky than AVMA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VGWIX	AVMA	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.52%	4.36%	-1.84%
Volatility (6M) Calculated over the trailing 6-month period	3.66%	7.00%	-3.34%
Volatility (1Y) Calculated over the trailing 1-year period	5.89%	12.13%	-6.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.19%	10.33%	-4.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.81%	10.33%	-3.52%