VWENX vs. SLQD
VWENX (Vanguard Wellington Fund Admiral Shares) and SLQD (iShares 0-5 Year Investment Grade Corporate Bond ETF) are both funds - VWENX is a Diversified Portfolio fund actively managed by Vanguard, while SLQD is a Corporate Bonds fund tracking the Markit iBoxx USD Liquid Investment Grade 0-5 Index. VWENX is actively managed, while SLQD is passively managed. Over the past 10 years, VWENX returned 9.96%/yr vs 2.63%/yr for SLQD. At a 0.21 correlation, their price movements are largely independent. VWENX charges 0.16%/yr vs 0.06%/yr for SLQD.
Performance
VWENX vs. SLQD - Performance Comparison
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Returns By Period
In the year-to-date period, VWENX achieves a 4.58% return, which is significantly higher than SLQD's 0.73% return. Over the past 10 years, VWENX has outperformed SLQD with an annualized return of 9.96%, while SLQD has yielded a comparatively lower 2.63% annualized return.
VWENX
- 1D
- -2.04%
- 1M
- -0.52%
- YTD
- 4.58%
- 6M
- 4.98%
- 1Y
- 17.54%
- 3Y*
- 14.75%
- 5Y*
- 8.39%
- 10Y*
- 9.96%
SLQD
- 1D
- 0.05%
- 1M
- -0.12%
- YTD
- 0.73%
- 6M
- 1.17%
- 1Y
- 4.49%
- 3Y*
- 5.41%
- 5Y*
- 2.48%
- 10Y*
- 2.63%
VWENX vs. SLQD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VWENX Vanguard Wellington Fund Admiral Shares | 4.58% | 16.63% | 14.82% | 14.40% | -14.31% | 19.09% | 10.66% | 22.61% | -3.35% | 14.05% |
SLQD iShares 0-5 Year Investment Grade Corporate Bond ETF | 0.73% | 6.27% | 4.94% | 5.98% | -4.38% | -0.61% | 4.76% | 6.09% | 1.09% | 2.12% |
Correlation
The correlation between VWENX and SLQD is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.40 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Oct 18, 2013 | 0.21 |
Over the past year, VWENX and SLQD have become more correlated (0.42) than their long-term average of 0.21, meaning their price movements have been converging.
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Return for Risk
VWENX vs. SLQD — Risk / Return Rank
VWENX
SLQD
VWENX vs. SLQD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Wellington Fund Admiral Shares (VWENX) and iShares 0-5 Year Investment Grade Corporate Bond ETF (SLQD). 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.
| VWENX | SLQD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.94 | ||
| Sortino ratioReturn per unit of downside risk | -1.97 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.63 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 2.69 | 4.25 | -1.56 |
| Martin ratioReturn relative to average drawdown | 12.39 | 19.25 | -6.86 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VWENX | SLQD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.10 | 3.04 | -0.94 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.75 | 1.02 | -0.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.86 | 0.84 | +0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.67 | 0.84 | -0.17 |
Drawdowns
VWENX vs. SLQD - Drawdown Comparison
The maximum VWENX drawdown since its inception was -36.02%, which is greater than SLQD's maximum drawdown of -12.69%. Use the drawdown chart below to compare losses from any high point for VWENX and SLQD.
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Drawdown Indicators
| VWENX | SLQD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.02% | -12.69% | -23.33% |
Max Drawdown (1Y)Largest decline over 1 year | -6.77% | -1.06% | -5.71% |
Max Drawdown (3Y)Largest decline over 3 years | -11.98% | -1.06% | -10.92% |
Max Drawdown (5Y)Largest decline over 5 years | -20.84% | -7.63% | -13.21% |
Max Drawdown (10Y)Largest decline over 10 years | -25.33% | -12.69% | -12.64% |
Current DrawdownCurrent decline from peak | -2.41% | -0.24% | -2.17% |
Average DrawdownAverage peak-to-trough decline | -4.35% | -0.87% | -3.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.46% | 0.23% | +1.23% |
Volatility
VWENX vs. SLQD - Volatility Comparison
Vanguard Wellington Fund Admiral Shares (VWENX) has a higher volatility of 3.13% compared to iShares 0-5 Year Investment Grade Corporate Bond ETF (SLQD) at 0.51%. This indicates that VWENX's price experiences larger fluctuations and is considered to be riskier than SLQD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VWENX | SLQD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.13% | 0.51% | +2.62% |
Volatility (6M)Calculated over the trailing 6-month period | 7.01% | 1.12% | +5.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.68% | 1.49% | +7.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.17% | 2.44% | +8.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.55% | 3.14% | +8.41% |
VWENX vs. SLQD - Expense Ratio Comparison
VWENX has a 0.16% expense ratio, which is higher than SLQD's 0.06% 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. SLQD - Dividend Comparison
VWENX's dividend yield for the trailing twelve months is around 11.10%, more than SLQD's 4.33% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SLQD iShares 0-5 Year Investment Grade Corporate Bond ETF | 4.33% | 4.15% | 3.71% | 2.99% | 2.00% | 1.67% | 2.34% | 2.89% | 2.55% | 1.98% | 1.81% | 1.43% |
VWENX Vanguard Wellington Fund Admiral Shares | 11.10% | 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 SLQD have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VWENX has higher volatility (3.13%) compared to SLQD (0.51%). In terms of maximum drawdown, VWENX dropped -36.02% vs SLQD's -12.69%.
SLQD currently has the higher Sharpe Ratio (3.04 vs 2.10), 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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