VTV vs. VWNEX
VTV (Vanguard Value ETF) and VWNEX (Vanguard Windsor Fund Admiral Shares) are both Large Cap Value Equities funds from Vanguard. VTV is passively managed, while VWNEX is actively managed. Over the past 10 years, VTV returned 12.57%/yr vs 12.22%/yr for VWNEX. Their correlation of 0.95 means they have usually moved in the same direction. VTV charges 0.04%/yr vs 0.18%/yr for VWNEX.
Performance
VTV vs. VWNEX - 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 VWNEX's 12.28% return. Both investments have delivered pretty close results over the past 10 years, with VTV having a 12.57% annualized return and VWNEX not far behind at 12.22%.
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%
VWNEX
- 1D
- 0.71%
- 1M
- 3.22%
- 6M
- 9.23%
- YTD
- 12.28%
- 1Y
- 23.98%
- 3Y*
- 12.84%
- 5Y*
- 10.79%
- 10Y*
- 12.22%
- ALL TIME*
- 8.74%
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. VWNEX - 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% |
VWNEX Vanguard Windsor Fund Admiral Shares | 12.28% | 13.40% | 9.64% | 15.11% | -3.05% | 27.92% | 7.45% | 30.53% | -12.39% | 18.19% |
Correlation
The correlation between VTV and VWNEX is 0.84, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.84 |
Correlation (3Y) Balances recent behavior with more history. | 0.91 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.93 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.94 |
Correlation (All Time) Calculated using the full available price history since Jan 30, 2004 | 0.95 |
The correlation between VTV and VWNEX shifts across timeframes, from 0.84 (1 year) to 0.95 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
VTV vs. VWNEX — Risk / Return Rank
VTV
VWNEX
VTV vs. VWNEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Value ETF (VTV) and Vanguard Windsor Fund Admiral Shares (VWNEX). 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 | VWNEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.82 | ||
| Sortino ratioReturn per unit of downside risk | +1.14 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.32 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 4.24 | 2.81 | +1.44 |
| Martin ratioReturn relative to average drawdown | 16.42 | 10.36 | +6.06 |
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Drawdowns
VTV vs. VWNEX - Drawdown Comparison
The maximum VTV drawdown since its inception was -59.27%, roughly equal to the maximum VWNEX drawdown of -61.41%. Use the drawdown chart below to compare losses from any high point for VTV and VWNEX.
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Drawdown Indicators
| VTV | VWNEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.27% | -61.41% | +2.14% |
Max Drawdown (1Y)Largest decline over 1 year | -6.35% | -7.89% | +1.54% |
Max Drawdown (3Y)Largest decline over 3 years | -14.52% | -21.72% | +7.20% |
Max Drawdown (5Y)Largest decline over 5 years | -17.04% | -21.72% | +4.68% |
Max Drawdown (10Y)Largest decline over 10 years | -36.78% | -40.12% | +3.34% |
Current DrawdownCurrent decline from peak | -1.36% | -0.23% | -1.13% |
Average DrawdownAverage peak-to-trough decline | -7.82% | -9.79% | +1.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.64% | 2.15% | -0.51% |
Volatility
VTV vs. VWNEX - Volatility Comparison
The current volatility for Vanguard Value ETF (VTV) is 2.62%, while Vanguard Windsor Fund Admiral Shares (VWNEX) has a volatility of 3.25%. This indicates that VTV experiences smaller price fluctuations and is considered to be less risky than VWNEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VTV | VWNEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.62% | 3.25% | -0.63% |
Volatility (6M)Calculated over the trailing 6-month period | 7.72% | 8.79% | -1.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.36% | 12.38% | -2.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.82% | 17.25% | -3.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.61% | 19.50% | -2.89% |
VTV vs. VWNEX - Expense Ratio Comparison
VTV has a 0.04% expense ratio, which is lower than VWNEX's 0.18% 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. VWNEX - Dividend Comparison
VTV's dividend yield for the trailing twelve months is around 1.86%, less than VWNEX's 6.94% 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% |
VWNEX Vanguard Windsor Fund Admiral Shares | 6.94% | 7.90% | 12.60% | 8.34% | 15.50% | 11.57% | 8.47% | 10.36% | 13.30% | 3.56% | 4.99% | 8.62% |
Frequently Asked Questions
VTV and VWNEX have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VWNEX has higher volatility (3.25%) compared to VTV (2.62%). In terms of maximum drawdown, VTV dropped -59.27% vs VWNEX's -61.41%.
VTV currently has the higher Sharpe Ratio (2.62 vs 1.79), 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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