VWENX vs. IVV
VWENX (Vanguard Wellington Fund Admiral Shares) and IVV (iShares Core S&P 500 ETF) are both funds - VWENX is a Diversified Portfolio fund actively managed by Vanguard, while IVV is a S&P 500 fund tracking the S&P 500 Index. VWENX is actively managed, while IVV is passively managed. Over the past 10 years, VWENX returned 10.13%/yr vs 15.47%/yr for IVV. Their correlation of 0.94 suggests significant overlap in exposure. VWENX charges 0.16%/yr vs 0.03%/yr for IVV.
Performance
VWENX vs. IVV - 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 IVV's 9.08% return. Over the past 10 years, VWENX has underperformed IVV with an annualized return of 10.13%, while IVV has yielded a comparatively higher 15.47% 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%
IVV
- 1D
- 0.55%
- 1M
- -0.85%
- YTD
- 9.08%
- 6M
- 9.43%
- 1Y
- 25.77%
- 3Y*
- 20.95%
- 5Y*
- 13.42%
- 10Y*
- 15.47%
VWENX vs. IVV - 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% |
IVV iShares Core S&P 500 ETF | 9.08% | 17.85% | 24.93% | 26.31% | -18.16% | 28.76% | 18.40% | 31.07% | -4.49% | 21.75% |
Correlation
The correlation between VWENX and IVV is 0.97 - 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 | 0.97 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since May 14, 2001 | 0.94 |
The correlation between VWENX and IVV has been stable across timeframes, ranging from 0.94 to 0.97 - a consistent structural relationship.
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Return for Risk
VWENX vs. IVV — Risk / Return Rank
VWENX
IVV
VWENX vs. IVV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Wellington Fund Admiral Shares (VWENX) and iShares Core S&P 500 ETF (IVV). 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 | IVV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.36 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.64 | 2.76 | -0.12 |
| Martin ratioReturn relative to average drawdown | 11.92 | 12.43 | -0.51 |
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Drawdowns
VWENX vs. IVV - Drawdown Comparison
The maximum VWENX drawdown since its inception was -36.02%, smaller than the maximum IVV drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for VWENX and IVV.
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Drawdown Indicators
| VWENX | IVV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.02% | -55.25% | +19.23% |
Max Drawdown (1Y)Largest decline over 1 year | -6.77% | -8.89% | +2.12% |
Max Drawdown (3Y)Largest decline over 3 years | -11.98% | -18.75% | +6.77% |
Max Drawdown (5Y)Largest decline over 5 years | -20.84% | -24.53% | +3.69% |
Max Drawdown (10Y)Largest decline over 10 years | -25.33% | -33.90% | +8.57% |
Current DrawdownCurrent decline from peak | -1.92% | -2.35% | +0.43% |
Average DrawdownAverage peak-to-trough decline | -4.35% | -10.77% | +6.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.50% | 1.97% | -0.47% |
Volatility
VWENX vs. IVV - Volatility Comparison
The current volatility for Vanguard Wellington Fund Admiral Shares (VWENX) is 3.50%, while iShares Core S&P 500 ETF (IVV) has a volatility of 4.37%. This indicates that VWENX experiences smaller price fluctuations and is considered to be less risky than IVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VWENX | IVV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.50% | 4.37% | -0.87% |
Volatility (6M)Calculated over the trailing 6-month period | 7.21% | 9.59% | -2.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.83% | 12.28% | -3.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.20% | 16.95% | -5.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.56% | 18.08% | -6.52% |
VWENX vs. IVV - Expense Ratio Comparison
VWENX has a 0.16% expense ratio, which is higher than IVV's 0.03% 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
VWENX vs. IVV - Dividend Comparison
VWENX's dividend yield for the trailing twelve months is around 11.05%, more than IVV's 1.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IVV iShares Core S&P 500 ETF | 1.08% | 1.17% | 1.30% | 1.44% | 1.66% | 1.20% | 1.57% | 1.85% | 2.21% | 1.75% | 2.01% | 2.27% |
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
With a correlation of 0.97, VWENX and IVV 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.
IVV has higher volatility (4.37%) compared to VWENX (3.50%). In terms of maximum drawdown, VWENX dropped -36.02% vs IVV's -55.25%.
VWENX currently has the higher Sharpe Ratio (2.02 vs 2.00), 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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