VTINX vs. VTWNX
Compare and contrast key facts about Vanguard Target Retirement Income Fund (VTINX) and Vanguard Target Retirement 2020 Fund (VTWNX).
VTINX is managed by Vanguard. It was launched on Oct 27, 2003. VTWNX is managed by Vanguard. It was launched on Jun 7, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VTINX or VTWNX.
Performance
VTINX vs. VTWNX - Performance Comparison
Returns By Period
In the year-to-date period, VTINX achieves a 7.26% return, which is significantly lower than VTWNX's 8.32% return. Over the past 10 years, VTINX has underperformed VTWNX with an annualized return of 4.22%, while VTWNX has yielded a comparatively higher 5.61% annualized return.
VTINX
7.26%
0.37%
4.91%
11.82%
3.98%
4.22%
VTWNX
8.32%
0.41%
5.31%
13.46%
5.35%
5.61%
Key characteristics
| VTINX | VTWNX | |
|---|---|---|
| Sharpe Ratio | 2.39 | 1.33 |
| Sortino Ratio | 3.61 | 1.97 |
| Omega Ratio | 1.45 | 1.38 |
| Calmar Ratio | 1.46 | 1.61 |
| Martin Ratio | 13.95 | 4.33 |
| Ulcer Index | 0.85% | 3.11% |
| Daily Std Dev | 4.95% | 10.13% |
| Max Drawdown | -19.96% | -42.16% |
| Current Drawdown | -1.08% | -0.95% |
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VTINX vs. VTWNX - Expense Ratio Comparison
Both VTINX and VTWNX have an expense ratio of 0.08%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Correlation
The correlation between VTINX and VTWNX is 0.92, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
VTINX vs. VTWNX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Target Retirement Income Fund (VTINX) and Vanguard Target Retirement 2020 Fund (VTWNX). 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.
Dividends
VTINX vs. VTWNX - Dividend Comparison
VTINX's dividend yield for the trailing twelve months is around 3.27%, more than VTWNX's 2.71% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VTINX Vanguard Target Retirement Income Fund | 3.27% | 2.98% | 2.71% | 2.59% | 1.65% | 2.51% | 2.69% | 2.10% | 1.94% | 1.84% | 1.84% | 1.63% |
VTWNX Vanguard Target Retirement 2020 Fund | 2.71% | 2.94% | 2.58% | 2.54% | 1.62% | 2.43% | 2.60% | 2.01% | 1.99% | 2.18% | 1.90% | 1.79% |
Drawdowns
VTINX vs. VTWNX - Drawdown Comparison
The maximum VTINX drawdown since its inception was -19.96%, smaller than the maximum VTWNX drawdown of -42.16%. Use the drawdown chart below to compare losses from any high point for VTINX and VTWNX. For additional features, visit the drawdowns tool.
Volatility
VTINX vs. VTWNX - Volatility Comparison
The current volatility for Vanguard Target Retirement Income Fund (VTINX) is 1.23%, while Vanguard Target Retirement 2020 Fund (VTWNX) has a volatility of 1.36%. This indicates that VTINX experiences smaller price fluctuations and is considered to be less risky than VTWNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.