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VQNPX vs. VGWIX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VQNPX vs. VGWIX

Last updated Jun 4, 2026

VQNPX (Vanguard Growth and Income Fund Investor Shares) and VGWIX (Vanguard Global Wellesley Income Fund Investor Shares) are both mutual funds - VQNPX is a Large Cap Blend Equities fund managed by Vanguard, while VGWIX is a Diversified Portfolio fund managed by Vanguard. Over the past 5 years, VQNPX returned 14.15%/yr vs 4.93%/yr for VGWIX. A 0.69 correlation means they provide meaningful diversification when combined. VQNPX charges 0.32%/yr vs 0.41%/yr for VGWIX.

Performance

VQNPX vs. VGWIX - Performance Comparison

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

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Returns By Period

In the year-to-date period, VQNPX achieves a 10.42% return, which is significantly higher than VGWIX's 4.05% return.

VQNPX

1D
0.05%
1M
5.79%
YTD
10.42%
6M
10.71%
1Y
28.67%
3Y*
23.06%
5Y*
14.15%
10Y*
15.30%

VGWIX

1D
0.21%
1M
1.17%
YTD
4.05%
6M
4.76%
1Y
11.12%
3Y*
9.73%
5Y*
4.93%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

VQNPX vs. VGWIX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
VQNPX
Vanguard Growth and Income Fund Investor Shares		10.42%19.13%25.72%24.72%-17.26%28.74%17.90%29.66%-4.70%4.04%
VGWIX
Vanguard Global Wellesley Income Fund Investor Shares		4.05%13.18%6.02%8.78%-8.15%6.41%5.41%13.82%-4.38%0.94%

Correlation

The correlation between VQNPX and VGWIX is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.54

Correlation (3Y)
Calculated over the trailing 3-year period

0.55

Correlation (5Y)
Calculated over the trailing 5-year period

0.62

Correlation (All Time)
Calculated using the full available price history since Oct 19, 2017

0.69

The correlation between VQNPX and VGWIX shifts across timeframes, from 0.54 (1 year) to 0.69 (all time), reflecting how their relationship changes across market environments.

VQNPX vs. VGWIX - Sectors Allocation Comparison

Sectors
VQNPX
VGWIX

Technology

30.6%
7.5%

Financial Services

12.5%
29.7%

Consumer Cyclical

11.2%
8.7%

Healthcare

10.6%
11.7%

Communication Services

10.1%
5.6%

Industrials

8.9%
6.5%

Energy

5.8%
8.6%

Consumer Defensive

3.6%
8.3%

Basic Materials

2.9%
1.3%

Utilities

2.4%
9.1%

Real Estate

1.6%
3.0%

Technology

VQNPX
30.6%
VGWIX
7.5%

Financial Services

VQNPX
12.5%
VGWIX
29.7%

Consumer Cyclical

VQNPX
11.2%
VGWIX
8.7%

Healthcare

VQNPX
10.6%
VGWIX
11.7%

Communication Services

VQNPX
10.1%
VGWIX
5.6%

Industrials

VQNPX
8.9%
VGWIX
6.5%

Energy

VQNPX
5.8%
VGWIX
8.6%

Consumer Defensive

VQNPX
3.6%
VGWIX
8.3%

Basic Materials

VQNPX
2.9%
VGWIX
1.3%

Utilities

VQNPX
2.4%
VGWIX
9.1%

Real Estate

VQNPX
1.6%
VGWIX
3.0%

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Vanguard Growth and Income Fund Investor Shares

Vanguard Global Wellesley Income Fund Investor Shares

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VQNPX vs. VOOVQNPX vs. VFIAXVQNPX vs. VPMAXVQNPX vs. VWUSXVQNPX vs. VUGVQNPX vs. VIGVQNPX vs. SPY
Often compared with VGWIX:
VGWIX vs. VWINXVGWIX vs. VGWLXVGWIX vs. IRTRVGWIX vs. AVMAVGWIX vs. VGYAXVGWIX vs. SCHDVGWIX vs. VGSTX

Return for Risk

VQNPX vs. VGWIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VQNPX
VQNPX Risk / Return Rank: 6262
Overall Rank
VQNPX Sharpe Ratio Rank: 6565
Sharpe Ratio Rank
VQNPX Sortino Ratio Rank: 5757
Sortino Ratio Rank
VQNPX Omega Ratio Rank: 5757
Omega Ratio Rank
VQNPX Calmar Ratio Rank: 6262
Calmar Ratio Rank
VQNPX Martin Ratio Rank: 7171
Martin Ratio Rank
VGWIX
VGWIX Risk / Return Rank: 5252
Overall Rank
VGWIX Sharpe Ratio Rank: 5757
Sharpe Ratio Rank
VGWIX Sortino Ratio Rank: 5858
Sortino Ratio Rank
VGWIX Omega Ratio Rank: 6060
Omega Ratio Rank
VGWIX Calmar Ratio Rank: 4141
Calmar Ratio Rank
VGWIX Martin Ratio Rank: 4444
Martin Ratio Rank
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.

VQNPX vs. VGWIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Growth and Income Fund Investor Shares (VQNPX) and Vanguard Global Wellesley Income Fund Investor Shares (VGWIX). 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.

VQNPXVGWIXDifference
Sharpe ratioReturn per unit of total volatility
2.36
2.22

+0.13

Sortino ratioReturn per unit of downside risk
3.18
3.21

-0.03

Omega ratioGain probability vs. loss probability

1.42

1.43

-0.01

Calmar ratioReturn relative to maximum drawdown

3.03

2.44

+0.58

Martin ratioReturn relative to average drawdown

13.65

9.26

+4.38

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VQNPX vs. VGWIX - Sharpe Ratio Comparison

The current VQNPX Sharpe Ratio is 2.36, which is comparable to the VGWIX Sharpe Ratio of 2.22. The chart below compares the historical Sharpe Ratios of VQNPX and VGWIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

VQNPXVGWIXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.36

2.22

+0.13

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.83

0.79

+0.04

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.84

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.62

0.75

-0.13

Drawdowns

VQNPX vs. VGWIX - Drawdown Comparison

The maximum VQNPX drawdown since its inception was -55.93%, which is greater than VGWIX's maximum drawdown of -17.74%. Use the drawdown chart below to compare losses from any high point for VQNPX and VGWIX.

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Drawdown Indicators

VQNPXVGWIXDifference

Max Drawdown

Largest peak-to-trough decline

-55.93%

-17.74%

-38.19%

Max Drawdown (1Y)

Largest decline over 1 year

-9.75%

-4.59%

-5.16%

Max Drawdown (3Y)

Largest decline over 3 years

-19.68%

-5.35%

-14.33%

Max Drawdown (5Y)

Largest decline over 5 years

-23.36%

-15.95%

-7.41%

Max Drawdown (10Y)

Largest decline over 10 years

-34.33%

—

—

Current Drawdown

Current decline from peak

0.00%

-0.73%

+0.73%

Average Drawdown

Average peak-to-trough decline

-8.87%

-2.69%

-6.18%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.16%

1.21%

+0.95%

Volatility

VQNPX vs. VGWIX - Volatility Comparison

Vanguard Growth and Income Fund Investor Shares (VQNPX) has a higher volatility of 3.04% compared to Vanguard Global Wellesley Income Fund Investor Shares (VGWIX) at 1.57%. This indicates that VQNPX's price experiences larger fluctuations and is considered to be riskier than VGWIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

VQNPXVGWIXDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.04%

1.57%

+1.47%

Volatility (6M)

Calculated over the trailing 6-month period

9.46%

4.14%

+5.32%

Volatility (1Y)

Calculated over the trailing 1-year period

12.54%

5.05%

+7.49%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.11%

6.24%

+10.87%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.22%

6.80%

+11.42%

VQNPX vs. VGWIX - Expense Ratio Comparison

VQNPX has a 0.32% expense ratio, which is lower than VGWIX's 0.41% expense ratio.

Dividends

VQNPX vs. VGWIX - Dividend Comparison

VQNPX's dividend yield for the trailing twelve months is around 9.60%, more than VGWIX's 3.80% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
VQNPX
Vanguard Growth and Income Fund Investor Shares		9.60%10.60%11.56%8.60%9.69%15.16%6.53%4.09%7.92%5.01%6.90%7.60%

Frequently Asked Questions

VQNPX and VGWIX have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

VQNPX has higher volatility (3.04%) compared to VGWIX (1.57%). In terms of maximum drawdown, VQNPX dropped -55.93% vs VGWIX's -17.74%.

VQNPX currently has the higher Sharpe Ratio (2.35 vs 2.22), 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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