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.
Key characteristics
| VWENX | SPY | |
|---|---|---|
| YTD Return | 12.31% | 18.37% |
| 1Y Return | 18.68% | 26.96% |
| 3Y Return (Ann) | 4.75% | 9.40% |
| 5Y Return (Ann) | 8.91% | 15.01% |
| 10Y Return (Ann) | 8.43% | 12.90% |
| Sharpe Ratio | 2.18 | 2.14 |
| Daily Std Dev | 8.87% | 12.67% |
| Max Drawdown | -36.02% | -55.19% |
| Current Drawdown | -0.08% | -1.02% |
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.
Performance
VWENX vs. SPY - Performance Comparison
In the year-to-date period, VWENX achieves a 12.31% return, which is significantly lower than SPY's 18.37% return. Over the past 10 years, VWENX has underperformed SPY with an annualized return of 8.43%, while SPY has yielded a comparatively higher 12.90% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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%.
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 5.58%, more than SPY's 1.22% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VWENX Vanguard Wellington Fund Admiral Shares | 5.07% | 6.08% | 8.28% | 8.72% | 7.85% | 4.74% | 9.58% | 6.55% | 4.53% | 6.58% | 6.47% | 6.63% |
SPY SPDR S&P 500 ETF | 0.94% | 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 -36.02%, 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 2.91%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.24%. 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.