VRTVX vs. VWELX

Last updated Jun 3, 2026

VRTVX (Vanguard Russell 2000 Value Index Fund Institutional Shares) and VWELX (Vanguard Wellington Fund Investor Shares) are both mutual funds - VRTVX is a Small Cap Value Equities fund managed by Vanguard, while VWELX is a Diversified Portfolio fund managed by Vanguard. Over the past 10 years, VRTVX returned 10.37%/yr vs 10.19%/yr for VWELX. A 0.77 correlation means they provide meaningful diversification when combined. VRTVX charges 0.08%/yr vs 0.24%/yr for VWELX.

Performance

VRTVX vs. VWELX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Russell 2000 Value Index Fund Institutional Shares (VRTVX) and Vanguard Wellington Fund Investor Shares (VWELX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VRTVX achieves a 17.82% return, which is significantly higher than VWELX's 7.04% return. Both investments have delivered pretty close results over the past 10 years, with VRTVX having a 10.37% annualized return and VWELX not far behind at 10.19%.

VRTVX

• 1D: -0.41%
• 1M: 2.22%
• YTD: 17.82%
• 6M: 19.19%
• 1Y: 44.03%
• 3Y*: 17.95%
• 5Y*: 6.53%
• 10Y*: 10.37%

VWELX

• 1D: 0.17%
• 1M: 3.41%
• YTD: 7.04%
• 6M: 7.47%
• 1Y: 21.31%
• 3Y*: 15.58%
• 5Y*: 8.91%
• 10Y*: 10.19%

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

VRTVX vs. VWELX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VRTVX Vanguard Russell 2000 Value Index Fund Institutional Shares	17.82%	12.21%	8.07%	14.71%	-14.52%	28.06%	4.81%	22.40%	-12.83%	7.91%
VWELX Vanguard Wellington Fund Investor Shares	7.04%	16.54%	14.73%	14.29%	-14.36%	18.99%	10.57%	22.51%	-3.43%	13.98%

Correlation

The correlation between VRTVX and VWELX is 0.67, 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	0.67
Correlation (3Y) Calculated over the trailing 3-year period	0.68
Correlation (5Y) Calculated over the trailing 5-year period	0.73
Correlation (10Y) Calculated over the trailing 10-year period	0.73
Correlation (All Time) Calculated using the full available price history since Sep 23, 2010	0.77

The correlation between VRTVX and VWELX has been stable across timeframes, ranging from 0.67 to 0.77 - a consistent structural relationship.

Return for Risk

VRTVX vs. VWELX — Risk / Return Rank

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

VRTVX

VRTVX Risk / Return Rank: 75
VRTVX Sharpe Ratio Rank: 70
VRTVX Sortino Ratio Rank: 68
VRTVX Omega Ratio Rank: 56
VRTVX Calmar Ratio Rank: 92
VRTVX Martin Ratio Rank: 88

VWELX

VWELX Risk / Return Rank: 75
VWELX Sharpe Ratio Rank: 79
VWELX Sortino Ratio Rank: 75
VWELX Omega Ratio Rank: 74
VWELX Calmar Ratio Rank: 68
VWELX Martin Ratio Rank: 79

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.

VRTVX vs. VWELX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Russell 2000 Value Index Fund Institutional Shares (VRTVX) 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.

	VRTVX	VWELX	Difference
Sharpe ratio Return per unit of total volatility	2.45	2.58	-0.13
Sortino ratio Return per unit of downside risk	3.44	3.63	-0.19
Omega ratio Gain probability vs. loss probability	1.42	1.48	-0.07
Calmar ratio Return relative to maximum drawdown	5.05	3.20	+1.85
Martin ratio Return relative to average drawdown	17.17	14.85	+2.32
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VRTVX vs. VWELX - Sharpe Ratio Comparison

The current VRTVX Sharpe Ratio is 2.45, which is comparable to the VWELX Sharpe Ratio of 2.58. The chart below compares the historical Sharpe Ratios of VRTVX and VWELX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	VRTVX	VWELX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.45	2.58	-0.13
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.30	0.80	-0.50
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.44	0.89	-0.45
Sharpe Ratio (All Time) Calculated using the full available price history	0.48	0.84	-0.37

Drawdowns

VRTVX vs. VWELX - Drawdown Comparison

The maximum VRTVX drawdown since its inception was -45.98%, which is greater than VWELX's maximum drawdown of -36.12%. Use the drawdown chart below to compare losses from any high point for VRTVX and VWELX.

Drawdown Indicators

	VRTVX	VWELX	Difference
Max Drawdown Largest peak-to-trough decline	-45.98%	-36.12%	-9.86%
Max Drawdown (1Y) Largest decline over 1 year	-8.54%	-6.78%	-1.76%
Max Drawdown (3Y) Largest decline over 3 years	-26.85%	-11.98%	-14.87%
Max Drawdown (5Y) Largest decline over 5 years	-26.85%	-20.88%	-5.97%
Max Drawdown (10Y) Largest decline over 10 years	-45.98%	-25.33%	-20.65%
Current Drawdown Current decline from peak	-1.19%	0.00%	-1.19%
Average Drawdown Average peak-to-trough decline	-7.78%	-3.92%	-3.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.51%	1.46%	+1.05%

Volatility

VRTVX vs. VWELX - Volatility Comparison

Vanguard Russell 2000 Value Index Fund Institutional Shares (VRTVX) has a higher volatility of 4.83% compared to Vanguard Wellington Fund Investor Shares (VWELX) at 2.52%. This indicates that VRTVX'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.

Volatility by Period

	VRTVX	VWELX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.83%	2.52%	+2.31%
Volatility (6M) Calculated over the trailing 6-month period	11.96%	6.67%	+5.29%
Volatility (1Y) Calculated over the trailing 1-year period	17.96%	8.40%	+9.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.67%	11.13%	+10.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.71%	11.53%	+12.18%

VRTVX vs. VWELX - Expense Ratio Comparison

VRTVX has a 0.08% expense ratio, which is lower than VWELX's 0.24% 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

VRTVX vs. VWELX - Dividend Comparison

VRTVX's dividend yield for the trailing twelve months is around 1.60%, less than VWELX's 10.76% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VRTVX Vanguard Russell 2000 Value Index Fund Institutional Shares	1.60%	1.49%	1.84%	2.08%	2.15%	1.56%	1.54%	1.87%	2.17%	1.74%	1.52%	2.16%
VWELX Vanguard Wellington Fund Investor Shares	10.76%	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

Can I hold both VRTVX and VWELX in my portfolio?

VRTVX and VWELX have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VRTVX or VWELX?

VRTVX has higher volatility (4.83%) compared to VWELX (2.52%). In terms of maximum drawdown, VRTVX dropped -45.98% vs VWELX's -36.12%.

Which has better risk-adjusted returns?

VWELX currently has the higher Sharpe Ratio (2.58 vs 2.45), 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.