VGWIX vs. VWINX
VGWIX (Vanguard Global Wellesley Income Fund Investor Shares) and VWINX (Vanguard Wellesley Income Fund Investor Shares) are both Diversified Portfolio funds from Vanguard. Over the past 5 years, VGWIX returned 5.09%/yr vs 3.84%/yr for VWINX. Their correlation of 0.91 means they have usually moved in the same direction. VGWIX charges 0.41%/yr vs 0.22%/yr for VWINX.
Performance
VGWIX vs. VWINX - Performance Comparison
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Returns By Period
In the year-to-date period, VGWIX achieves a 5.69% return, which is significantly higher than VWINX's 3.67% return.
VGWIX
- 1D
- 0.21%
- 1M
- 0.41%
- 6M
- 3.57%
- YTD
- 5.69%
- 1Y
- 11.81%
- 3Y*
- 9.52%
- 5Y*
- 5.09%
- 10Y*
- —
- ALL TIME*
- 5.20%
VWINX
- 1D
- 0.04%
- 1M
- -0.08%
- 6M
- 2.18%
- YTD
- 3.67%
- 1Y
- 8.88%
- 3Y*
- 7.88%
- 5Y*
- 3.84%
- 10Y*
- 5.56%
- ALL TIME*
- 7.50%
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 |
VGWIX vs. VWINX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VGWIX Vanguard Global Wellesley Income Fund Investor Shares | 5.69% | 13.18% | 6.02% | 8.78% | -8.15% | 6.41% | 5.41% | 13.82% | -4.38% | 0.94% |
VWINX Vanguard Wellesley Income Fund Investor Shares | 3.67% | 10.98% | 5.86% | 6.99% | -9.09% | 8.48% | 8.44% | 16.39% | -2.54% | 1.40% |
Correlation
The correlation between VGWIX and VWINX is 0.90, 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. | 0.90 |
Correlation (3Y) Balances recent behavior with more history. | 0.91 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.93 |
Correlation (All Time) Calculated using the full available price history since Oct 18, 2017 | 0.91 |
The correlation between VGWIX and VWINX has been stable across timeframes, ranging from 0.90 to 0.93 - a consistent structural relationship.
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Return for Risk
VGWIX vs. VWINX — Risk / Return Rank
VGWIX
VWINX
VGWIX vs. VWINX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Global Wellesley Income Fund Investor Shares (VGWIX) and Vanguard Wellesley Income Fund Investor Shares (VWINX). 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.
| VGWIX | VWINX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.58 | ||
| Sortino ratioReturn per unit of downside risk | +0.86 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.30 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.53 | 2.06 | +0.47 |
| Martin ratioReturn relative to average drawdown | 9.52 | 7.77 | +1.74 |
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Drawdowns
VGWIX vs. VWINX - Drawdown Comparison
The maximum VGWIX drawdown since its inception was -17.74%, smaller than the maximum VWINX drawdown of -21.72%. Use the drawdown chart below to compare losses from any high point for VGWIX and VWINX.
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Drawdown Indicators
| VGWIX | VWINX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.74% | -21.72% | +3.98% |
Max Drawdown (1Y)Largest decline over 1 year | -4.59% | -4.16% | -0.43% |
Max Drawdown (3Y)Largest decline over 3 years | -4.59% | -5.81% | +1.22% |
Max Drawdown (5Y)Largest decline over 5 years | -15.95% | -15.30% | -0.65% |
Max Drawdown (10Y)Largest decline over 10 years | — | -17.43% | — |
Current DrawdownCurrent decline from peak | -0.12% | -0.61% | +0.49% |
Average DrawdownAverage peak-to-trough decline | -2.65% | -2.62% | -0.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.22% | 1.10% | +0.12% |
Volatility
VGWIX vs. VWINX - Volatility Comparison
Vanguard Global Wellesley Income Fund Investor Shares (VGWIX) and Vanguard Wellesley Income Fund Investor Shares (VWINX) have volatilities of 1.34% and 1.35%, 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
| VGWIX | VWINX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.34% | 1.35% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 4.30% | 3.93% | +0.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.18% | 5.14% | +0.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.27% | 7.00% | -0.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.77% | 6.92% | -0.15% |
VGWIX vs. VWINX - Expense Ratio Comparison
VGWIX has a 0.41% expense ratio, which is higher than VWINX's 0.22% expense ratio.
Dividends
VGWIX vs. VWINX - Dividend Comparison
VGWIX's dividend yield for the trailing twelve months is around 3.80%, less than VWINX's 7.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VGWIX Vanguard Global Wellesley Income Fund Investor Shares | 3.80% | 3.88% | 3.77% | 3.03% | 1.41% | 2.27% | 1.89% | 2.17% | 4.25% | 0.29% | 0.00% | 0.00% |
VWINX Vanguard Wellesley Income Fund Investor Shares | 7.76% | 7.86% | 6.61% | 4.73% | 7.67% | 6.03% | 4.30% | 3.94% | 7.56% | 3.20% | 4.00% | 5.60% |
Frequently Asked Questions
VGWIX and VWINX have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VWINX has higher volatility (1.35%) compared to VGWIX (1.34%). In terms of maximum drawdown, VGWIX dropped -17.74% vs VWINX's -21.72%.
VGWIX currently has the higher Sharpe Ratio (2.25 vs 1.67), 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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