VMGRX vs. VWELX
VMGRX (Vanguard Mid-Cap Growth Fund) and VWELX (Vanguard Wellington Fund Investor Shares) are both mutual funds - VMGRX is a Mid Cap Growth Equities fund managed by Vanguard, while VWELX is a Diversified Portfolio fund actively managed by Vanguard. Over the past 10 years, VMGRX returned 9.56%/yr vs 9.79%/yr for VWELX. Their 0.78 correlation means they have sometimes moved together and sometimes differently. VMGRX charges 0.33%/yr vs 0.24%/yr for VWELX.
Performance
VMGRX vs. VWELX - Performance Comparison
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Returns By Period
In the year-to-date period, VMGRX achieves a -2.94% return, which is significantly lower than VWELX's 5.37% return. Both investments have delivered pretty close results over the past 10 years, with VMGRX having a 9.56% annualized return and VWELX not far ahead at 9.79%.
VMGRX
- 1D
- -0.54%
- 1M
- -6.80%
- 6M
- 0.00%
- YTD
- -2.94%
- 1Y
- -0.29%
- 3Y*
- 8.59%
- 5Y*
- 1.18%
- 10Y*
- 9.56%
- ALL TIME*
- 8.37%
VWELX
- 1D
- 0.47%
- 1M
- -0.68%
- 6M
- 4.23%
- YTD
- 5.37%
- 1Y
- 14.19%
- 3Y*
- 13.77%
- 5Y*
- 7.80%
- 10Y*
- 9.79%
- ALL TIME*
- 9.39%
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 |
VMGRX vs. VWELX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VMGRX Vanguard Mid-Cap Growth Fund | -2.94% | 8.80% | 17.73% | 24.15% | -30.13% | 9.21% | 33.40% | 32.06% | -3.52% | 21.60% |
VWELX Vanguard Wellington Fund Investor Shares | 5.37% | 16.54% | 14.73% | 14.29% | -14.36% | 18.99% | 10.57% | 22.51% | -3.43% | 13.98% |
Correlation
The correlation between VMGRX and VWELX is 0.78, 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. | 0.78 |
Correlation (3Y) Balances recent behavior with more history. | 0.82 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.84 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.81 |
Correlation (All Time) Calculated using the full available price history since Dec 31, 1997 | 0.78 |
The correlation between VMGRX and VWELX has been stable across timeframes, ranging from 0.78 to 0.84 - a consistent structural relationship.
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Return for Risk
VMGRX vs. VWELX — Risk / Return Rank
VMGRX
VWELX
VMGRX vs. VWELX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Mid-Cap Growth Fund (VMGRX) and Vanguard Wellington Fund Investor Shares (VWELX). 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.
| VMGRX | VWELX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.51 | ||
| Sortino ratioReturn per unit of downside risk | -2.00 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.26 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | -0.09 | 1.97 | -2.06 |
| Martin ratioReturn relative to average drawdown | -0.27 | 8.31 | -8.58 |
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Drawdowns
VMGRX vs. VWELX - Drawdown Comparison
The maximum VMGRX drawdown since its inception was -71.74%, which is greater than VWELX's maximum drawdown of -36.12%. Use the drawdown chart below to compare losses from any high point for VMGRX and VWELX.
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Drawdown Indicators
| VMGRX | VWELX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.74% | -36.12% | -35.62% |
Max Drawdown (1Y)Largest decline over 1 year | -19.09% | -6.78% | -12.31% |
Max Drawdown (3Y)Largest decline over 3 years | -26.85% | -11.98% | -14.87% |
Max Drawdown (5Y)Largest decline over 5 years | -39.71% | -20.88% | -18.83% |
Max Drawdown (10Y)Largest decline over 10 years | -39.71% | -25.33% | -14.38% |
Current DrawdownCurrent decline from peak | -8.71% | -1.62% | -7.09% |
Average DrawdownAverage peak-to-trough decline | -24.38% | -3.91% | -20.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.39% | 1.60% | +4.79% |
Volatility
VMGRX vs. VWELX - Volatility Comparison
Vanguard Mid-Cap Growth Fund (VMGRX) has a higher volatility of 7.34% compared to Vanguard Wellington Fund Investor Shares (VWELX) at 2.83%. This indicates that VMGRX's price experiences larger fluctuations and is considered to be riskier than VWELX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VMGRX | VWELX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.34% | 2.83% | +4.51% |
Volatility (6M)Calculated over the trailing 6-month period | 17.69% | 7.62% | +10.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.23% | 9.32% | +11.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.60% | 11.26% | +12.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.42% | 11.55% | +10.87% |
VMGRX vs. VWELX - Expense Ratio Comparison
VMGRX has a 0.33% expense ratio, which is higher than VWELX's 0.24% expense ratio.
Dividends
VMGRX vs. VWELX - Dividend Comparison
VMGRX's dividend yield for the trailing twelve months is around 18.28%, more than VWELX's 10.98% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VMGRX Vanguard Mid-Cap Growth Fund | 18.28% | 17.74% | 1.80% | 0.39% | 0.26% | 34.53% | 6.30% | 10.43% | 14.53% | 3.13% | 0.67% | 8.20% |
VWELX Vanguard Wellington Fund Investor Shares | 10.98% | 11.46% | 10.76% | 6.01% | 8.19% | 8.64% | 7.77% | 4.67% | 9.49% | 5.82% | 4.44% | 7.03% |
Frequently Asked Questions
VMGRX and VWELX have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VMGRX has higher volatility (7.34%) compared to VWELX (2.83%). In terms of maximum drawdown, VMGRX dropped -71.74% vs VWELX's -36.12%.
VWELX currently has the higher Sharpe Ratio (1.43 vs -0.08), 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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