VONV vs. VWINX

Last updated Jun 13, 2026

VONV (Vanguard Russell 1000 Value ETF) and VWINX (Vanguard Wellesley Income Fund Investor Shares) are both funds - VONV is a Large Cap Value Equities fund tracking the Russell 1000 Value Index, while VWINX is a Diversified Portfolio fund actively managed by Vanguard. VONV is passively managed, while VWINX is actively managed. Over the past 10 years, VONV returned 11.59%/yr vs 5.79%/yr for VWINX. A 0.76 correlation means they provide meaningful diversification when combined. VONV charges 0.06%/yr vs 0.22%/yr for VWINX.

Performance

VONV vs. VWINX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Russell 1000 Value ETF (VONV) and Vanguard Wellesley Income Fund Investor Shares (VWINX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VONV achieves a 15.65% return, which is significantly higher than VWINX's 3.48% return. Over the past 10 years, VONV has outperformed VWINX with an annualized return of 11.59%, while VWINX has yielded a comparatively lower 5.79% annualized return.

VONV

• 1D: 0.97%
• 1M: 3.23%
• YTD: 15.65%
• 6M: 15.46%
• 1Y: 28.70%
• 3Y*: 18.13%
• 5Y*: 10.70%
• 10Y*: 11.59%

VWINX

• 1D: 0.77%
• 1M: 1.20%
• YTD: 3.48%
• 6M: 3.45%
• 1Y: 9.94%
• 3Y*: 8.70%
• 5Y*: 4.00%
• 10Y*: 5.79%

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

VONV vs. VWINX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VONV Vanguard Russell 1000 Value ETF	15.65%	15.81%	14.28%	11.40%	-7.65%	25.28%	2.71%	26.48%	-8.45%	13.59%
VWINX Vanguard Wellesley Income Fund Investor Shares	3.48%	10.98%	5.86%	6.99%	-9.09%	8.48%	8.44%	16.39%	-2.54%	9.29%

Correlation

The correlation between VONV and VWINX is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.82
Correlation (3Y) Calculated over the trailing 3-year period	0.79
Correlation (5Y) Calculated over the trailing 5-year period	0.79
Correlation (10Y) Calculated over the trailing 10-year period	0.77
Correlation (All Time) Calculated using the full available price history since Sep 22, 2010	0.76

The correlation between VONV and VWINX has been stable across timeframes, ranging from 0.76 to 0.82 - a consistent structural relationship.

VONV vs. VWINX - Sectors Allocation Comparison

Sectors	VONV	VWINX
Financial Services	18.9%	7.9%
Technology	14.9%	4.2%
Industrials	13.1%	3.6%
Healthcare	10.9%	5.7%
Communication Services	8.5%	1.1%
Consumer Cyclical	7.3%	1.9%
Consumer Defensive	7.2%	3.6%
Energy	7.0%	3.1%
Utilities	4.4%	3.6%
Real Estate	4.1%	1.1%
Basic Materials	3.8%	1.4%

Return for Risk

VONV vs. VWINX — Risk / Return Rank

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

VONV

VONV Risk / Return Rank: 88
VONV Sharpe Ratio Rank: 89
VONV Sortino Ratio Rank: 89
VONV Omega Ratio Rank: 86
VONV Calmar Ratio Rank: 86
VONV Martin Ratio Rank: 89

VWINX

VWINX Risk / Return Rank: 70
VWINX Sharpe Ratio Rank: 75
VWINX Sortino Ratio Rank: 76
VWINX Omega Ratio Rank: 72
VWINX Calmar Ratio Rank: 67
VWINX Martin Ratio Rank: 61

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.

VONV vs. VWINX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Russell 1000 Value ETF (VONV) 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.

	VONV	VWINX	Difference
Sharpe ratio: Return per unit of total volatility	2.57	2.03	+0.54
Sortino ratio: Return per unit of downside risk	3.60	2.94	+0.66
Omega ratio: Gain probability vs. loss probability	1.46	1.37	+0.09
Calmar ratio: Return relative to maximum drawdown	4.23	2.54	+1.69
Martin ratio: Return relative to average drawdown	17.62	9.54	+8.08

VONV vs. VWINX - Sharpe Ratio Comparison

The current VONV Sharpe Ratio is 2.57, which is comparable to the VWINX Sharpe Ratio of 2.03. The chart below compares the historical Sharpe Ratios of VONV and VWINX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

VONV vs. VWINX - Drawdown Comparison

The maximum VONV drawdown since its inception was -38.21%, which is greater than VWINX's maximum drawdown of -21.72%. Use the drawdown chart below to compare losses from any high point for VONV and VWINX.

Drawdown Indicators

	VONV	VWINX	Difference
Max Drawdown Largest peak-to-trough decline	-38.21%	-21.72%	-16.49%
Max Drawdown (1Y) Largest decline over 1 year	-6.81%	-4.16%	-2.65%
Max Drawdown (3Y) Largest decline over 3 years	-15.70%	-6.98%	-8.72%
Max Drawdown (5Y) Largest decline over 5 years	-18.87%	-15.30%	-3.57%
Max Drawdown (10Y) Largest decline over 10 years	-38.21%	-17.43%	-20.78%
Current Drawdown Current decline from peak	0.00%	-0.08%	+0.08%
Average Drawdown Average peak-to-trough decline	-3.90%	-2.63%	-1.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.64%	1.11%	+0.53%

Volatility

VONV vs. VWINX - Volatility Comparison

Vanguard Russell 1000 Value ETF (VONV) has a higher volatility of 3.92% compared to Vanguard Wellesley Income Fund Investor Shares (VWINX) at 1.79%. This indicates that VONV's price experiences larger fluctuations and is considered to be riskier than VWINX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VONV	VWINX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.92%	1.79%	+2.13%
Volatility (6M) Calculated over the trailing 6-month period	8.54%	3.98%	+4.56%
Volatility (1Y) Calculated over the trailing 1-year period	11.21%	5.22%	+5.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.83%	6.99%	+7.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.26%	6.93%	+10.33%

VONV vs. VWINX - Expense Ratio Comparison

VONV has a 0.06% expense ratio, which is lower than VWINX's 0.22% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

VONV vs. VWINX - Dividend Comparison

VONV's dividend yield for the trailing twelve months is around 1.61%, less than VWINX's 7.69% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VONV Vanguard Russell 1000 Value ETF	1.61%	1.82%	1.97%	2.10%	2.22%	1.67%	2.25%	2.30%	2.56%	2.18%	2.39%	2.38%
VWINX Vanguard Wellesley Income Fund Investor Shares	7.69%	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

Can I hold both VONV and VWINX in my portfolio?

VONV and VWINX have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VONV or VWINX?

VONV has higher volatility (3.92%) compared to VWINX (1.79%). In terms of maximum drawdown, VONV dropped -38.21% vs VWINX's -21.72%.

Which has better risk-adjusted returns?

VONV currently has the higher Sharpe Ratio (2.57 vs 2.03), 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.