VWENX vs. VTMFX
Compare and contrast key facts about Vanguard Wellington Fund Admiral Shares (VWENX) and Vanguard Tax-Managed Balanced Fund Admiral Shares (VTMFX).
VWENX is managed by Vanguard. It was launched on May 14, 2001. VTMFX is managed by Blackrock. It was launched on Sep 6, 1994.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VWENX or VTMFX.
Key characteristics
| VWENX | VTMFX | |
|---|---|---|
| YTD Return | 12.31% | 9.87% |
| 1Y Return | 18.68% | 16.02% |
| 3Y Return (Ann) | 4.75% | 4.61% |
| 5Y Return (Ann) | 8.91% | 8.14% |
| 10Y Return (Ann) | 8.43% | 7.46% |
| Sharpe Ratio | 2.18 | 2.47 |
| Daily Std Dev | 8.87% | 6.67% |
| Max Drawdown | -36.02% | -28.49% |
| Current Drawdown | -0.08% | 0.00% |
Correlation
The correlation between VWENX and VTMFX is 0.95, 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. VTMFX - Performance Comparison
In the year-to-date period, VWENX achieves a 12.31% return, which is significantly higher than VTMFX's 9.87% return. Over the past 10 years, VWENX has outperformed VTMFX with an annualized return of 8.43%, while VTMFX has yielded a comparatively lower 7.46% 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. VTMFX - Expense Ratio Comparison
VWENX has a 0.16% expense ratio, which is higher than VTMFX'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. VTMFX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Wellington Fund Admiral Shares (VWENX) and Vanguard Tax-Managed Balanced Fund Admiral Shares (VTMFX). 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. VTMFX - Dividend Comparison
VWENX's dividend yield for the trailing twelve months is around 5.58%, more than VTMFX's 1.95% 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% |
VTMFX Vanguard Tax-Managed Balanced Fund Admiral Shares | 1.95% | 1.94% | 1.85% | 1.38% | 1.72% | 1.44% | 2.22% | 2.00% | 2.13% | 2.06% | 2.00% | 2.06% |
Drawdowns
VWENX vs. VTMFX - Drawdown Comparison
The maximum VWENX drawdown since its inception was -36.02%, which is greater than VTMFX's maximum drawdown of -28.49%. Use the drawdown chart below to compare losses from any high point for VWENX and VTMFX. For additional features, visit the drawdowns tool.
Volatility
VWENX vs. VTMFX - Volatility Comparison
Vanguard Wellington Fund Admiral Shares (VWENX) has a higher volatility of 2.91% compared to Vanguard Tax-Managed Balanced Fund Admiral Shares (VTMFX) at 2.11%. This indicates that VWENX's price experiences larger fluctuations and is considered to be riskier than VTMFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.