VWENX vs. PRSIX
VWENX (Vanguard Wellington Fund Admiral Shares) and PRSIX (T. Rowe Price Spectrum Conservative Allocation Fund) are both Diversified Portfolio funds. Over the past 10 years, VWENX returned 10.13%/yr vs 6.84%/yr for PRSIX. Their correlation of 0.94 suggests significant overlap in exposure. VWENX charges 0.16%/yr vs 0.36%/yr for PRSIX.
Performance
VWENX vs. PRSIX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with VWENX having a 5.10% return and PRSIX slightly lower at 5.01%. Over the past 10 years, VWENX has outperformed PRSIX with an annualized return of 10.13%, while PRSIX has yielded a comparatively lower 6.84% annualized return.
VWENX
- 1D
- 1.32%
- 1M
- -0.63%
- YTD
- 5.10%
- 6M
- 5.87%
- 1Y
- 17.34%
- 3Y*
- 14.75%
- 5Y*
- 8.43%
- 10Y*
- 10.13%
PRSIX
- 1D
- 1.14%
- 1M
- 0.19%
- YTD
- 5.01%
- 6M
- 5.51%
- 1Y
- 12.50%
- 3Y*
- 10.58%
- 5Y*
- 4.58%
- 10Y*
- 6.84%
VWENX vs. PRSIX - 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% |
PRSIX T. Rowe Price Spectrum Conservative Allocation Fund | 5.01% | 11.91% | 8.53% | 11.97% | -13.65% | 7.07% | 11.70% | 16.78% | -3.01% | 12.28% |
Correlation
The correlation between VWENX and PRSIX is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since May 14, 2001 | 0.94 |
The correlation between VWENX and PRSIX has been stable across timeframes, ranging from 0.92 to 0.94 - a consistent structural relationship.
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Return for Risk
VWENX vs. PRSIX — Risk / Return Rank
VWENX
PRSIX
VWENX vs. PRSIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Wellington Fund Admiral Shares (VWENX) and T. Rowe Price Spectrum Conservative Allocation Fund (PRSIX). 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 | PRSIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.41 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.64 | 2.56 | +0.08 |
| Martin ratioReturn relative to average drawdown | 11.92 | 11.28 | +0.64 |
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Drawdowns
VWENX vs. PRSIX - Drawdown Comparison
The maximum VWENX drawdown since its inception was -36.02%, which is greater than PRSIX's maximum drawdown of -30.00%. Use the drawdown chart below to compare losses from any high point for VWENX and PRSIX.
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Drawdown Indicators
| VWENX | PRSIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.02% | -30.00% | -6.02% |
Max Drawdown (1Y)Largest decline over 1 year | -6.77% | -5.02% | -1.75% |
Max Drawdown (3Y)Largest decline over 3 years | -11.98% | -6.80% | -5.18% |
Max Drawdown (5Y)Largest decline over 5 years | -20.84% | -18.69% | -2.15% |
Max Drawdown (10Y)Largest decline over 10 years | -25.33% | -19.28% | -6.05% |
Current DrawdownCurrent decline from peak | -1.92% | -0.74% | -1.18% |
Average DrawdownAverage peak-to-trough decline | -4.35% | -2.82% | -1.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.50% | 1.14% | +0.36% |
Volatility
VWENX vs. PRSIX - Volatility Comparison
Vanguard Wellington Fund Admiral Shares (VWENX) has a higher volatility of 3.50% compared to T. Rowe Price Spectrum Conservative Allocation Fund (PRSIX) at 2.52%. This indicates that VWENX's price experiences larger fluctuations and is considered to be riskier than PRSIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VWENX | PRSIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.50% | 2.52% | +0.98% |
Volatility (6M)Calculated over the trailing 6-month period | 7.21% | 5.24% | +1.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.83% | 6.14% | +2.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.20% | 7.10% | +4.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.56% | 7.42% | +4.14% |
VWENX vs. PRSIX - Expense Ratio Comparison
VWENX has a 0.16% expense ratio, which is lower than PRSIX's 0.36% expense ratio.
Dividends
VWENX vs. PRSIX - Dividend Comparison
VWENX's dividend yield for the trailing twelve months is around 11.05%, more than PRSIX's 6.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRSIX T. Rowe Price Spectrum Conservative Allocation Fund | 6.89% | 7.12% | 3.92% | 3.78% | 5.63% | 7.63% | 3.77% | 5.11% | 5.27% | 3.43% | 2.22% | 4.56% |
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 0.92, VWENX and PRSIX 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.
VWENX has higher volatility (3.50%) compared to PRSIX (2.52%). In terms of maximum drawdown, VWENX dropped -36.02% vs PRSIX's -30.00%.
PRSIX currently has the higher Sharpe Ratio (2.09 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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