VTMFX vs. VWINX
Compare and contrast key facts about Vanguard Tax-Managed Balanced Fund Admiral Shares (VTMFX) and Vanguard Wellesley Income Fund Investor Shares (VWINX).
VTMFX is managed by Blackrock. It was launched on Sep 6, 1994. VWINX is managed by Vanguard. It was launched on Jul 1, 1970.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VTMFX or VWINX.
Key characteristics
| VTMFX | VWINX | |
|---|---|---|
| YTD Return | 13.20% | 7.34% |
| 1Y Return | 19.45% | 15.21% |
| 3Y Return (Ann) | 4.78% | -0.58% |
| 5Y Return (Ann) | 8.34% | 2.56% |
| 10Y Return (Ann) | 7.64% | 3.32% |
| Sharpe Ratio | 3.39 | 2.54 |
| Sortino Ratio | 4.86 | 3.92 |
| Omega Ratio | 1.67 | 1.53 |
| Calmar Ratio | 4.51 | 1.10 |
| Martin Ratio | 21.78 | 16.48 |
| Ulcer Index | 0.96% | 1.03% |
| Daily Std Dev | 6.19% | 6.71% |
| Max Drawdown | -28.49% | -24.01% |
| Current Drawdown | -0.15% | -2.38% |
Correlation
The correlation between VTMFX and VWINX is 0.71, 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.
Performance
VTMFX vs. VWINX - Performance Comparison
In the year-to-date period, VTMFX achieves a 13.20% return, which is significantly higher than VWINX's 7.34% return. Over the past 10 years, VTMFX has outperformed VWINX with an annualized return of 7.64%, while VWINX has yielded a comparatively lower 3.32% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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VTMFX vs. VWINX - Expense Ratio Comparison
VTMFX has a 0.09% expense ratio, which is lower than VWINX's 0.23% 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%.
Risk-Adjusted Performance
VTMFX vs. VWINX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Tax-Managed Balanced Fund Admiral Shares (VTMFX) 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.
Dividends
VTMFX vs. VWINX - Dividend Comparison
VTMFX's dividend yield for the trailing twelve months is around 1.99%, less than VWINX's 5.78% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VTMFX Vanguard Tax-Managed Balanced Fund Admiral Shares | 1.99% | 1.94% | 1.85% | 1.38% | 1.73% | 2.06% | 2.22% | 2.00% | 2.13% | 2.06% | 2.00% | 2.06% |
VWINX Vanguard Wellesley Income Fund Investor Shares | 5.78% | 5.71% | 3.17% | 2.48% | 2.65% | 2.90% | 3.30% | 2.85% | 2.94% | 3.11% | 3.16% | 3.05% |
Drawdowns
VTMFX vs. VWINX - Drawdown Comparison
The maximum VTMFX drawdown since its inception was -28.49%, which is greater than VWINX's maximum drawdown of -24.01%. Use the drawdown chart below to compare losses from any high point for VTMFX and VWINX. For additional features, visit the drawdowns tool.
Volatility
VTMFX vs. VWINX - Volatility Comparison
Vanguard Tax-Managed Balanced Fund Admiral Shares (VTMFX) has a higher volatility of 1.92% compared to Vanguard Wellesley Income Fund Investor Shares (VWINX) at 1.64%. This indicates that VTMFX'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.