VWENX vs. SPY
Compare and contrast key facts about Vanguard Wellington Fund Admiral Shares (VWENX) and SPDR S&P 500 ETF (SPY).
VWENX is managed by Vanguard. It was launched on May 14, 2001. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VWENX or SPY.
Performance
VWENX vs. SPY - Performance Comparison
Returns By Period
In the year-to-date period, VWENX achieves a 14.50% return, which is significantly lower than SPY's 24.40% return. Over the past 10 years, VWENX has underperformed SPY with an annualized return of 4.24%, while SPY has yielded a comparatively higher 13.04% annualized return.
VWENX
14.50%
-0.09%
6.90%
20.38%
4.37%
4.24%
SPY
24.40%
0.59%
11.33%
31.86%
15.23%
13.04%
Key characteristics
| VWENX | SPY | |
|---|---|---|
| Sharpe Ratio | 2.51 | 2.64 |
| Sortino Ratio | 3.47 | 3.53 |
| Omega Ratio | 1.47 | 1.49 |
| Calmar Ratio | 1.18 | 3.81 |
| Martin Ratio | 17.30 | 17.21 |
| Ulcer Index | 1.21% | 1.86% |
| Daily Std Dev | 8.36% | 12.15% |
| Max Drawdown | -38.68% | -55.19% |
| Current Drawdown | -1.71% | -2.17% |
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VWENX vs. SPY - Expense Ratio Comparison
VWENX has a 0.16% expense ratio, which is higher than SPY's 0.09% 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%.
Correlation
The correlation between VWENX and SPY is 0.94, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
VWENX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Wellington Fund Admiral Shares (VWENX) and SPDR S&P 500 ETF (SPY). 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.
Dividends
VWENX vs. SPY - Dividend Comparison
VWENX's dividend yield for the trailing twelve months is around 5.52%, more than SPY's 1.20% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VWENX Vanguard Wellington Fund Admiral Shares | 5.52% | 6.08% | 2.34% | 1.79% | 2.15% | 2.61% | 3.10% | 2.53% | 2.64% | 2.81% | 2.63% | 2.58% |
SPY SPDR S&P 500 ETF | 1.20% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
VWENX vs. SPY - Drawdown Comparison
The maximum VWENX drawdown since its inception was -38.68%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for VWENX and SPY. For additional features, visit the drawdowns tool.
Volatility
VWENX vs. SPY - Volatility Comparison
The current volatility for Vanguard Wellington Fund Admiral Shares (VWENX) is 2.81%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.08%. This indicates that VWENX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.