VTV vs. VWENX
VTV (Vanguard Value ETF) and VWENX (Vanguard Wellington Fund Admiral Shares) are both funds - VTV is a Large Cap Value Equities fund tracking the CRSP US Large Cap Value Index, while VWENX is a Diversified Portfolio fund actively managed by Vanguard. VTV is passively managed, while VWENX is actively managed. Over the past 10 years, VTV returned 12.57%/yr vs 9.78%/yr for VWENX. Their correlation of 0.89 means they have usually moved in the same direction. VTV charges 0.04%/yr vs 0.16%/yr for VWENX.
Performance
VTV vs. VWENX - Performance Comparison
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Returns By Period
In the year-to-date period, VTV achieves a 16.37% return, which is significantly higher than VWENX's 4.93% return. Over the past 10 years, VTV has outperformed VWENX with an annualized return of 12.57%, while VWENX has yielded a comparatively lower 9.78% annualized return.
VTV
- 1D
- -0.27%
- 1M
- 1.18%
- 6M
- 11.27%
- YTD
- 16.37%
- 1Y
- 26.83%
- 3Y*
- 17.12%
- 5Y*
- 12.29%
- 10Y*
- 12.57%
- ALL TIME*
- 9.67%
VWENX
- 1D
- 1.46%
- 1M
- -1.03%
- 6M
- 4.11%
- YTD
- 4.93%
- 1Y
- 12.83%
- 3Y*
- 13.55%
- 5Y*
- 7.79%
- 10Y*
- 9.78%
- ALL TIME*
- 8.03%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $688.19M | $688.42M | $619.05M | |
| $0.00 | $0.00 | $0.00 |
VTV vs. VWENX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VTV Vanguard Value ETF | 16.37% | 15.27% | 15.95% | 9.32% | -2.09% | 26.53% | 2.33% | 25.66% | -5.47% | 17.15% |
VWENX Vanguard Wellington Fund Admiral Shares | 4.93% | 16.63% | 14.82% | 14.40% | -14.31% | 19.09% | 10.66% | 22.61% | -3.35% | 14.05% |
Correlation
The correlation between VTV and VWENX is 0.60, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.60 |
Correlation (3Y) Balances recent behavior with more history. | 0.70 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.78 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.82 |
Correlation (All Time) Calculated using the full available price history since Jan 30, 2004 | 0.89 |
Over the past year, the correlation between VTV and VWENX has dropped to 0.60 - well below their long-term average of 0.89, suggesting their price drivers have been diverging.
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Return for Risk
VTV vs. VWENX — Risk / Return Rank
VTV
VWENX
VTV vs. VWENX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Value ETF (VTV) and Vanguard Wellington Fund Admiral Shares (VWENX). 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.
| VTV | VWENX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.24 | ||
| Sortino ratioReturn per unit of downside risk | +1.78 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.25 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 4.24 | 1.90 | +2.35 |
| Martin ratioReturn relative to average drawdown | 16.42 | 8.02 | +8.40 |
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Drawdowns
VTV vs. VWENX - Drawdown Comparison
The maximum VTV drawdown since its inception was -59.27%, which is greater than VWENX's maximum drawdown of -36.02%. Use the drawdown chart below to compare losses from any high point for VTV and VWENX.
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Drawdown Indicators
| VTV | VWENX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.27% | -36.02% | -23.25% |
Max Drawdown (1Y)Largest decline over 1 year | -6.35% | -6.77% | +0.42% |
Max Drawdown (3Y)Largest decline over 3 years | -14.52% | -11.98% | -2.54% |
Max Drawdown (5Y)Largest decline over 5 years | -17.04% | -20.84% | +3.80% |
Max Drawdown (10Y)Largest decline over 10 years | -36.78% | -25.33% | -11.45% |
Current DrawdownCurrent decline from peak | -1.36% | -2.08% | +0.72% |
Average DrawdownAverage peak-to-trough decline | -7.82% | -4.34% | -3.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.64% | 1.60% | +0.04% |
Volatility
VTV vs. VWENX - Volatility Comparison
The current volatility for Vanguard Value ETF (VTV) is 2.62%, while Vanguard Wellington Fund Admiral Shares (VWENX) has a volatility of 2.84%. This indicates that VTV experiences smaller price fluctuations and is considered to be less risky than VWENX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VTV | VWENX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.62% | 2.84% | -0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 7.72% | 7.61% | +0.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.36% | 9.33% | +1.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.82% | 11.26% | +2.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.61% | 11.55% | +5.06% |
VTV vs. VWENX - Expense Ratio Comparison
VTV has a 0.04% expense ratio, which is lower than VWENX's 0.16% 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
VTV vs. VWENX - Dividend Comparison
VTV's dividend yield for the trailing twelve months is around 1.86%, less than VWENX's 11.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VTV Vanguard Value ETF | 1.86% | 2.05% | 2.31% | 2.46% | 2.52% | 2.15% | 2.56% | 2.50% | 2.73% | 2.29% | 2.44% | 2.60% |
VWENX Vanguard Wellington Fund Admiral Shares | 11.11% | 11.55% | 10.85% | 6.08% | 8.28% | 8.72% | 7.85% | 4.74% | 9.58% | 5.88% | 4.53% | 6.58% |
Frequently Asked Questions
VTV and VWENX have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VWENX has higher volatility (2.84%) compared to VTV (2.62%). In terms of maximum drawdown, VTV dropped -59.27% vs VWENX's -36.02%.
VTV currently has the higher Sharpe Ratio (2.62 vs 1.38), 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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