VWELX vs. OLP

Last updated Jun 13, 2026

VWELX (Vanguard Wellington Fund Investor Shares) is Diversified Portfolio fund actively managed by Vanguard, while OLP (One Liberty Properties, Inc.) is a stock. Over the past 10 years, VWELX returned 10.05%/yr vs 8.15%/yr for OLP. At a 0.31 correlation, their price movements are largely independent.

Performance

VWELX vs. OLP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Wellington Fund Investor Shares (VWELX) and One Liberty Properties, Inc. (OLP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VWELX achieves a 5.07% return, which is significantly lower than OLP's 23.76% return. Over the past 10 years, VWELX has outperformed OLP with an annualized return of 10.05%, while OLP has yielded a comparatively lower 8.15% annualized return.

VWELX

• 1D: 1.32%
• 1M: -0.64%
• YTD: 5.07%
• 6M: 5.82%
• 1Y: 17.27%
• 3Y*: 14.66%
• 5Y*: 8.35%
• 10Y*: 10.05%

OLP

• 1D: 0.45%
• 1M: 6.03%
• YTD: 23.76%
• 6M: 22.27%
• 1Y: 5.09%
• 3Y*: 14.39%
• 5Y*: 4.00%
• 10Y*: 8.15%

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

VWELX vs. OLP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VWELX Vanguard Wellington Fund Investor Shares	5.07%	16.54%	14.73%	14.29%	-14.36%	18.99%	10.57%	22.51%	-3.43%	13.98%
OLP One Liberty Properties, Inc.	23.76%	-19.58%	33.53%	7.57%	-32.34%	87.10%	-18.50%	19.44%	0.15%	10.90%

Correlation

The correlation between VWELX and OLP is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.14
Correlation (3Y) Calculated over the trailing 3-year period	0.34
Correlation (5Y) Calculated over the trailing 5-year period	0.44
Correlation (10Y) Calculated over the trailing 10-year period	0.39
Correlation (All Time) Calculated using the full available price history since Mar 17, 1992	0.31

The correlation between VWELX and OLP shifts across timeframes, from 0.14 (1 year) to 0.44 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

VWELX vs. OLP — Risk / Return Rank

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

VWELX

VWELX Risk / Return Rank: 74
VWELX Sharpe Ratio Rank: 74
VWELX Sortino Ratio Rank: 72
VWELX Omega Ratio Rank: 72
VWELX Calmar Ratio Rank: 70
VWELX Martin Ratio Rank: 81

OLP

OLP Risk / Return Rank: 48
OLP Sharpe Ratio Rank: 52
OLP Sortino Ratio Rank: 44
OLP Omega Ratio Rank: 43
OLP Calmar Ratio Rank: 49
OLP Martin Ratio Rank: 49

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.

VWELX vs. OLP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Wellington Fund Investor Shares (VWELX) and One Liberty Properties, Inc. (OLP). 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.

	VWELX	OLP	Difference
Sharpe ratio: Return per unit of total volatility	2.01	0.27	+1.75
Sortino ratio: Return per unit of downside risk	2.80	0.51	+2.28
Omega ratio: Gain probability vs. loss probability	1.37	1.06	+0.32
Calmar ratio: Return relative to maximum drawdown	2.62	0.28	+2.34
Martin ratio: Return relative to average drawdown	11.84	0.53	+11.31

VWELX vs. OLP - Sharpe Ratio Comparison

The current VWELX Sharpe Ratio is 2.01, which is higher than the OLP Sharpe Ratio of 0.27. The chart below compares the historical Sharpe Ratios of VWELX and OLP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

VWELX vs. OLP - Drawdown Comparison

The maximum VWELX drawdown since its inception was -36.12%, smaller than the maximum OLP drawdown of -87.45%. Use the drawdown chart below to compare losses from any high point for VWELX and OLP.

Drawdown Indicators

	VWELX	OLP	Difference
Max Drawdown Largest peak-to-trough decline	-36.12%	-87.45%	+51.33%
Max Drawdown (1Y) Largest decline over 1 year	-6.78%	-18.38%	+11.60%
Max Drawdown (3Y) Largest decline over 3 years	-11.98%	-28.83%	+16.85%
Max Drawdown (5Y) Largest decline over 5 years	-20.88%	-44.10%	+23.22%
Max Drawdown (10Y) Largest decline over 10 years	-25.33%	-60.23%	+34.90%
Current Drawdown Current decline from peak	-1.91%	-8.58%	+6.67%
Average Drawdown Average peak-to-trough decline	-3.92%	-13.41%	+9.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.50%	9.69%	-8.19%

Volatility

VWELX vs. OLP - Volatility Comparison

The current volatility for Vanguard Wellington Fund Investor Shares (VWELX) is 3.49%, while One Liberty Properties, Inc. (OLP) has a volatility of 5.57%. This indicates that VWELX experiences smaller price fluctuations and is considered to be less risky than OLP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VWELX	OLP	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.49%	5.57%	-2.08%
Volatility (6M) Calculated over the trailing 6-month period	7.20%	12.13%	-4.93%
Volatility (1Y) Calculated over the trailing 1-year period	8.82%	19.23%	-10.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.20%	24.01%	-12.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.56%	31.68%	-20.12%

Dividends

VWELX vs. OLP - Dividend Comparison

VWELX's dividend yield for the trailing twelve months is around 10.97%, more than OLP's 7.32% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
OLP One Liberty Properties, Inc.	7.32%	8.87%	6.61%	8.22%	8.10%	5.10%	8.97%	6.62%	7.43%	6.71%	6.61%	7.36%
VWELX Vanguard Wellington Fund Investor Shares	10.97%	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 VWELX and OLP in my portfolio?

VWELX and OLP have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VWELX or OLP?

OLP has higher volatility (5.57%) compared to VWELX (3.49%). In terms of maximum drawdown, VWELX dropped -36.12% vs OLP's -87.45%.

Which has better risk-adjusted returns?

VWELX currently has the higher Sharpe Ratio (2.01 vs 0.27), 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.