VWELX vs. VTSAX

Last updated Jun 6, 2026

VWELX (Vanguard Wellington Fund Investor Shares) and VTSAX (Vanguard Total Stock Market Index Fund Admiral Shares) are both mutual funds - VWELX is a Diversified Portfolio fund actively managed by Vanguard, while VTSAX is a Large Cap Blend Equities fund managed by Vanguard. Over the past 10 years, VWELX returned 10.13%/yr vs 15.02%/yr for VTSAX. Their correlation of 0.94 suggests significant overlap in exposure. VWELX charges 0.24%/yr vs 0.04%/yr for VTSAX.

Performance

VWELX vs. VTSAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Wellington Fund Investor Shares (VWELX) and Vanguard Total Stock Market Index Fund Admiral Shares (VTSAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VWELX achieves a 6.71% return, which is significantly lower than VTSAX's 11.69% return. Over the past 10 years, VWELX has underperformed VTSAX with an annualized return of 10.13%, while VTSAX has yielded a comparatively higher 15.02% annualized return.

VWELX

• 1D: 0.30%
• 1M: 1.67%
• YTD: 6.71%
• 6M: 6.89%
• 1Y: 20.46%
• 3Y*: 15.54%
• 5Y*: 8.75%
• 10Y*: 10.13%

VTSAX

• 1D: 0.50%
• 1M: 3.12%
• YTD: 11.69%
• 6M: 11.22%
• 1Y: 29.33%
• 3Y*: 22.35%
• 5Y*: 12.79%
• 10Y*: 15.02%

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

VWELX vs. VTSAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VWELX Vanguard Wellington Fund Investor Shares	6.71%	16.54%	14.73%	14.29%	-14.36%	18.99%	10.57%	22.51%	-3.43%	13.98%
VTSAX Vanguard Total Stock Market Index Fund Admiral Shares	11.69%	17.12%	23.23%	26.51%	-19.52%	25.72%	20.98%	30.79%	-5.18%	21.16%

Correlation

The correlation between VWELX and VTSAX is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.96
Correlation (3Y) Calculated over the trailing 3-year period	0.96
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (10Y) Calculated over the trailing 10-year period	0.94
Correlation (All Time) Calculated using the full available price history since Nov 14, 2000	0.94

The correlation between VWELX and VTSAX has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.

VWELX vs. VTSAX - Sectors Allocation Comparison

Sectors	VWELX	VTSAX
Technology	31.8%	33.3%
Communication Services	12.3%	10.1%
Consumer Cyclical	10.9%	9.8%
Financial Services	10.6%	11.9%
Healthcare	9.8%	9.1%
Industrials	8.5%	9.5%
Consumer Defensive	4.4%	4.7%
Energy	4.4%	3.8%
Real Estate	2.6%	2.4%
Utilities	2.5%	2.7%
Basic Materials	2.1%	2.0%

Return for Risk

VWELX vs. VTSAX — Risk / Return Rank

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

VWELX

VWELX Risk / Return Rank: 71
VWELX Sharpe Ratio Rank: 73
VWELX Sortino Ratio Rank: 71
VWELX Omega Ratio Rank: 70
VWELX Calmar Ratio Rank: 65
VWELX Martin Ratio Rank: 77

VTSAX

VTSAX Risk / Return Rank: 71
VTSAX Sharpe Ratio Rank: 70
VTSAX Sortino Ratio Rank: 63
VTSAX Omega Ratio Rank: 63
VTSAX Calmar Ratio Rank: 75
VTSAX Martin Ratio Rank: 83

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. VTSAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Wellington Fund Investor Shares (VWELX) and Vanguard Total Stock Market Index Fund Admiral Shares (VTSAX). 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.

	VWELX	VTSAX	Difference
Sharpe ratio: Return per unit of total volatility	2.42	2.37	+0.05
Sortino ratio: Return per unit of downside risk	3.41	3.23	+0.17
Omega ratio: Gain probability vs. loss probability	1.45	1.42	+0.03
Calmar ratio: Return relative to maximum drawdown	3.00	3.24	-0.24
Martin ratio: Return relative to average drawdown	13.90	14.93	-1.04
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VWELX vs. VTSAX - Sharpe Ratio Comparison

The current VWELX Sharpe Ratio is 2.42, which is comparable to the VTSAX Sharpe Ratio of 2.37. The chart below compares the historical Sharpe Ratios of VWELX and VTSAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	VWELX	VTSAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.42	2.37	+0.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.79	0.74	+0.05
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.88	0.82	+0.06
Sharpe Ratio (All Time) Calculated using the full available price history	0.84	0.47	+0.37

Drawdowns

VWELX vs. VTSAX - Drawdown Comparison

The maximum VWELX drawdown since its inception was -36.12%, smaller than the maximum VTSAX drawdown of -55.33%. Use the drawdown chart below to compare losses from any high point for VWELX and VTSAX.

Drawdown Indicators

	VWELX	VTSAX	Difference
Max Drawdown Largest peak-to-trough decline	-36.12%	-55.33%	+19.21%
Max Drawdown (1Y) Largest decline over 1 year	-6.78%	-8.92%	+2.14%
Max Drawdown (3Y) Largest decline over 3 years	-11.98%	-19.36%	+7.38%
Max Drawdown (5Y) Largest decline over 5 years	-20.88%	-25.36%	+4.48%
Max Drawdown (10Y) Largest decline over 10 years	-25.33%	-34.97%	+9.64%
Current Drawdown Current decline from peak	-0.38%	-0.25%	-0.13%
Average Drawdown Average peak-to-trough decline	-3.92%	-9.00%	+5.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.46%	1.93%	-0.47%

Volatility

VWELX vs. VTSAX - Volatility Comparison

The current volatility for Vanguard Wellington Fund Investor Shares (VWELX) is 2.59%, while Vanguard Total Stock Market Index Fund Admiral Shares (VTSAX) has a volatility of 3.00%. This indicates that VWELX experiences smaller price fluctuations and is considered to be less risky than VTSAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VWELX	VTSAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.59%	3.00%	-0.41%
Volatility (6M) Calculated over the trailing 6-month period	6.68%	9.21%	-2.53%
Volatility (1Y) Calculated over the trailing 1-year period	8.41%	12.21%	-3.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.13%	17.36%	-6.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.53%	18.41%	-6.88%

VWELX vs. VTSAX - Expense Ratio Comparison

VWELX has a 0.24% expense ratio, which is higher than VTSAX's 0.04% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

VWELX vs. VTSAX - Dividend Comparison

VWELX's dividend yield for the trailing twelve months is around 10.80%, more than VTSAX's 1.00% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VTSAX Vanguard Total Stock Market Index Fund Admiral Shares	1.00%	1.11%	1.26%	1.42%	1.65%	1.20%	1.41%	1.76%	2.03%	1.71%	1.92%	1.98%
VWELX Vanguard Wellington Fund Investor Shares	10.80%	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 VTSAX in my portfolio?

With a correlation of 0.96, VWELX and VTSAX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, VWELX or VTSAX?

VTSAX has higher volatility (3.00%) compared to VWELX (2.59%). In terms of maximum drawdown, VWELX dropped -36.12% vs VTSAX's -55.33%.

Which has better risk-adjusted returns?

VWELX currently has the higher Sharpe Ratio (2.42 vs 2.37), 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.