VWENX vs. IVLU
VWENX (Vanguard Wellington Fund Admiral Shares) and IVLU (iShares MSCI International Value Factor ETF) are both funds - VWENX is a Diversified Portfolio fund actively managed by Vanguard, while IVLU is a Foreign Large Cap Equities fund tracking the MSCI World ex USA Enhanced Value Index. VWENX is actively managed, while IVLU is passively managed. Over the past 10 years, VWENX returned 10.13%/yr vs 11.63%/yr for IVLU. A 0.68 correlation means they provide meaningful diversification when combined. VWENX charges 0.16%/yr vs 0.30%/yr for IVLU.
Performance
VWENX vs. IVLU - Performance Comparison
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Returns By Period
In the year-to-date period, VWENX achieves a 5.10% return, which is significantly lower than IVLU's 12.96% return. Over the past 10 years, VWENX has underperformed IVLU with an annualized return of 10.13%, while IVLU has yielded a comparatively higher 11.63% annualized return.
VWENX
- 1D
- 1.32%
- 1M
- -1.12%
- YTD
- 5.10%
- 6M
- 5.87%
- 1Y
- 18.41%
- 3Y*
- 14.75%
- 5Y*
- 8.43%
- 10Y*
- 10.13%
IVLU
- 1D
- 0.56%
- 1M
- 0.66%
- YTD
- 12.96%
- 6M
- 14.33%
- 1Y
- 35.32%
- 3Y*
- 23.53%
- 5Y*
- 14.06%
- 10Y*
- 11.63%
VWENX vs. IVLU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VWENX Vanguard Wellington Fund Admiral Shares | 5.10% | 16.63% | 14.82% | 14.40% | -14.31% | 19.09% | 10.66% | 22.61% | -3.35% | 14.05% |
IVLU iShares MSCI International Value Factor ETF | 12.96% | 46.09% | 6.76% | 20.07% | -5.73% | 15.60% | -4.50% | 15.60% | -15.10% | 23.10% |
Correlation
The correlation between VWENX and IVLU is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Jul 15, 2015 | 0.68 |
The correlation between VWENX and IVLU has been stable across timeframes, ranging from 0.64 to 0.71 - a consistent structural relationship.
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Return for Risk
VWENX vs. IVLU — Risk / Return Rank
VWENX
IVLU
VWENX vs. IVLU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Wellington Fund Admiral Shares (VWENX) and iShares MSCI International Value Factor ETF (IVLU). 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.
| VWENX | IVLU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.15 | ||
| Sortino ratioReturn per unit of downside risk | -0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.39 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.64 | 2.90 | -0.26 |
| Martin ratioReturn relative to average drawdown | 11.92 | 11.01 | +0.91 |
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Drawdowns
VWENX vs. IVLU - Drawdown Comparison
The maximum VWENX drawdown since its inception was -36.02%, smaller than the maximum IVLU drawdown of -41.85%. Use the drawdown chart below to compare losses from any high point for VWENX and IVLU.
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Drawdown Indicators
| VWENX | IVLU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.02% | -41.85% | +5.83% |
Max Drawdown (1Y)Largest decline over 1 year | -6.77% | -11.69% | +4.92% |
Max Drawdown (3Y)Largest decline over 3 years | -11.98% | -15.48% | +3.50% |
Max Drawdown (5Y)Largest decline over 5 years | -20.84% | -26.04% | +5.20% |
Max Drawdown (10Y)Largest decline over 10 years | -25.33% | -41.85% | +16.52% |
Current DrawdownCurrent decline from peak | -1.92% | -0.53% | -1.39% |
Average DrawdownAverage peak-to-trough decline | -4.35% | -8.57% | +4.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.50% | 3.09% | -1.59% |
Volatility
VWENX vs. IVLU - Volatility Comparison
The current volatility for Vanguard Wellington Fund Admiral Shares (VWENX) is 3.50%, while iShares MSCI International Value Factor ETF (IVLU) has a volatility of 5.44%. This indicates that VWENX experiences smaller price fluctuations and is considered to be less risky than IVLU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VWENX | IVLU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.50% | 5.44% | -1.94% |
Volatility (6M)Calculated over the trailing 6-month period | 7.21% | 12.85% | -5.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.83% | 15.65% | -6.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.20% | 16.58% | -5.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.56% | 17.66% | -6.10% |
VWENX vs. IVLU - Expense Ratio Comparison
VWENX has a 0.16% expense ratio, which is lower than IVLU's 0.30% expense ratio.
Dividends
VWENX vs. IVLU - Dividend Comparison
VWENX's dividend yield for the trailing twelve months is around 11.05%, more than IVLU's 3.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IVLU iShares MSCI International Value Factor ETF | 3.28% | 3.71% | 4.46% | 4.69% | 3.59% | 3.47% | 2.05% | 3.53% | 2.82% | 2.87% | 2.53% | 0.93% |
VWENX Vanguard Wellington Fund Admiral Shares | 11.05% | 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
VWENX and IVLU have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IVLU has higher volatility (5.44%) compared to VWENX (3.50%). In terms of maximum drawdown, VWENX dropped -36.02% vs IVLU's -41.85%.
IVLU currently has the higher Sharpe Ratio (2.17 vs 2.02), 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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