VMGIX vs. VWIAX
VMGIX (Vanguard Mid-Cap Growth Index Fund) and VWIAX (Vanguard Wellesley Income Fund Admiral Shares) are both mutual funds - VMGIX is a Mid Cap Growth Equities fund managed by Vanguard, while VWIAX is a Diversified Portfolio fund actively managed by Vanguard. Over the past 10 years, VMGIX returned 11.36%/yr vs 5.63%/yr for VWIAX. Their 0.66 correlation means they have sometimes moved together and sometimes differently. VMGIX charges 0.19%/yr vs 0.16%/yr for VWIAX.
Performance
VMGIX vs. VWIAX - Performance Comparison
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Returns By Period
In the year-to-date period, VMGIX achieves a 5.95% return, which is significantly higher than VWIAX's 3.71% return. Over the past 10 years, VMGIX has outperformed VWIAX with an annualized return of 11.36%, while VWIAX has yielded a comparatively lower 5.63% annualized return.
VMGIX
- 1D
- 1.52%
- 1M
- -2.08%
- 6M
- 6.94%
- YTD
- 5.95%
- 1Y
- 3.78%
- 3Y*
- 12.17%
- 5Y*
- 4.71%
- 10Y*
- 11.36%
- ALL TIME*
- 9.80%
VWIAX
- 1D
- 0.06%
- 1M
- -0.06%
- 6M
- 2.25%
- YTD
- 3.71%
- 1Y
- 8.97%
- 3Y*
- 7.97%
- 5Y*
- 3.92%
- 10Y*
- 5.63%
- ALL TIME*
- 6.25%
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 |
VMGIX vs. VWIAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VMGIX Vanguard Mid-Cap Growth Index Fund | 5.95% | 10.56% | 15.51% | 23.79% | -28.93% | 20.32% | 34.30% | 33.69% | -5.73% | 21.72% |
VWIAX Vanguard Wellesley Income Fund Admiral Shares | 3.71% | 11.08% | 5.92% | 7.07% | -9.04% | 8.55% | 8.52% | 16.47% | -2.49% | 9.37% |
Correlation
The correlation between VMGIX and VWIAX is 0.58, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.58 |
Correlation (3Y) Balances recent behavior with more history. | 0.60 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.62 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.62 |
Correlation (All Time) Calculated using the full available price history since Aug 24, 2006 | 0.66 |
The correlation between VMGIX and VWIAX has been stable across timeframes, ranging from 0.58 to 0.66 - a consistent structural relationship.
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Return for Risk
VMGIX vs. VWIAX — Risk / Return Rank
VMGIX
VWIAX
VMGIX vs. VWIAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Mid-Cap Growth Index Fund (VMGIX) 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.
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.
| VMGIX | VWIAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.60 | ||
| Sortino ratioReturn per unit of downside risk | -2.20 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.30 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | 0.09 | 2.09 | -2.00 |
| Martin ratioReturn relative to average drawdown | 0.27 | 7.89 | -7.62 |
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Drawdowns
VMGIX vs. VWIAX - Drawdown Comparison
The maximum VMGIX drawdown since its inception was -60.20%, which is greater than VWIAX's maximum drawdown of -21.64%. Use the drawdown chart below to compare losses from any high point for VMGIX and VWIAX.
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Drawdown Indicators
| VMGIX | VWIAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.20% | -21.64% | -38.56% |
Max Drawdown (1Y)Largest decline over 1 year | -15.99% | -4.15% | -11.84% |
Max Drawdown (3Y)Largest decline over 3 years | -21.67% | -5.78% | -15.89% |
Max Drawdown (5Y)Largest decline over 5 years | -37.25% | -15.26% | -21.99% |
Max Drawdown (10Y)Largest decline over 10 years | -37.25% | -17.41% | -19.84% |
Current DrawdownCurrent decline from peak | -3.77% | -0.60% | -3.17% |
Average DrawdownAverage peak-to-trough decline | -9.95% | -2.21% | -7.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.43% | 1.10% | +4.33% |
Volatility
VMGIX vs. VWIAX - Volatility Comparison
Vanguard Mid-Cap Growth Index Fund (VMGIX) has a higher volatility of 4.20% compared to Vanguard Wellesley Income Fund Admiral Shares (VWIAX) at 1.37%. This indicates that VMGIX's price experiences larger fluctuations and is considered to be riskier 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
| VMGIX | VWIAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.20% | 1.37% | +2.83% |
Volatility (6M)Calculated over the trailing 6-month period | 13.95% | 3.95% | +10.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.31% | 5.17% | +12.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.63% | 7.00% | +14.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.03% | 6.93% | +14.10% |
VMGIX vs. VWIAX - Expense Ratio Comparison
VMGIX has a 0.19% 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%.
Dividends
VMGIX vs. VWIAX - Dividend Comparison
VMGIX's dividend yield for the trailing twelve months is around 0.49%, less than VWIAX's 7.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VMGIX Vanguard Mid-Cap Growth Index Fund | 0.49% | 0.52% | 0.56% | 0.60% | 0.64% | 0.23% | 0.46% | 0.67% | 0.70% | 0.61% | 0.70% | 0.69% |
VWIAX Vanguard Wellesley Income Fund Admiral Shares | 7.83% | 7.93% | 6.69% | 4.80% | 7.75% | 6.11% | 4.37% | 4.00% | 7.64% | 3.25% | 4.07% | 5.66% |
Frequently Asked Questions
VMGIX and VWIAX have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VMGIX has higher volatility (4.20%) compared to VWIAX (1.37%). In terms of maximum drawdown, VMGIX dropped -60.20% vs VWIAX's -21.64%.
VWIAX currently has the higher Sharpe Ratio (1.69 vs 0.09), 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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