VWENX vs. VWNEX
VWENX (Vanguard Wellington Fund Admiral Shares) and VWNEX (Vanguard Windsor Fund Admiral Shares) are both mutual funds - VWENX is a Diversified Portfolio fund actively managed by Vanguard, while VWNEX is a Large Cap Value Equities fund actively managed by Vanguard. Both are actively managed. Over the past 10 years, VWENX returned 9.78%/yr vs 12.22%/yr for VWNEX. Their correlation of 0.89 means they have usually moved in the same direction. VWENX charges 0.16%/yr vs 0.18%/yr for VWNEX.
Performance
VWENX vs. VWNEX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, VWENX achieves a 4.93% return, which is significantly lower than VWNEX's 12.28% return. Over the past 10 years, VWENX has underperformed VWNEX with an annualized return of 9.78%, while VWNEX has yielded a comparatively higher 12.22% annualized return.
VWENX
- 1D
- 1.46%
- 1M
- -1.03%
- 6M
- 4.11%
- YTD
- 4.93%
- 1Y
- 12.83%
- 3Y*
- 13.55%
- 5Y*
- 7.79%
- 10Y*
- 9.78%
- ALL TIME*
- 8.03%
VWNEX
- 1D
- 0.71%
- 1M
- 3.22%
- 6M
- 9.23%
- YTD
- 12.28%
- 1Y
- 23.98%
- 3Y*
- 12.84%
- 5Y*
- 10.79%
- 10Y*
- 12.22%
- ALL TIME*
- 8.74%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
VWENX vs. VWNEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VWENX Vanguard Wellington Fund Admiral Shares | 4.93% | 16.63% | 14.82% | 14.40% | -14.31% | 19.09% | 10.66% | 22.61% | -3.35% | 14.05% |
VWNEX Vanguard Windsor Fund Admiral Shares | 12.28% | 13.40% | 9.64% | 15.11% | -3.05% | 27.92% | 7.45% | 30.53% | -12.39% | 18.19% |
Correlation
The correlation between VWENX and VWNEX is 0.66, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.66 |
Correlation (3Y) Balances recent behavior with more history. | 0.70 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.78 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.80 |
Correlation (All Time) Calculated using the full available price history since Nov 12, 2001 | 0.89 |
Over the past year, the correlation between VWENX and VWNEX has dropped to 0.66 - well below their long-term average of 0.89, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
VWENX vs. VWNEX — Risk / Return Rank
VWENX
VWNEX
VWENX vs. VWNEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Wellington Fund Admiral Shares (VWENX) and Vanguard Windsor Fund Admiral Shares (VWNEX). 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 | VWNEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.42 | ||
| Sortino ratioReturn per unit of downside risk | -0.64 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.32 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.90 | 2.81 | -0.91 |
| Martin ratioReturn relative to average drawdown | 8.02 | 10.36 | -2.34 |
Loading charts...
Drawdowns
VWENX vs. VWNEX - Drawdown Comparison
The maximum VWENX drawdown since its inception was -36.02%, smaller than the maximum VWNEX drawdown of -61.41%. Use the drawdown chart below to compare losses from any high point for VWENX and VWNEX.
Loading charts...
Drawdown Indicators
| VWENX | VWNEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.02% | -61.41% | +25.39% |
Max Drawdown (1Y)Largest decline over 1 year | -6.77% | -7.89% | +1.12% |
Max Drawdown (3Y)Largest decline over 3 years | -11.98% | -21.72% | +9.74% |
Max Drawdown (5Y)Largest decline over 5 years | -20.84% | -21.72% | +0.88% |
Max Drawdown (10Y)Largest decline over 10 years | -25.33% | -40.12% | +14.79% |
Current DrawdownCurrent decline from peak | -2.08% | -0.23% | -1.85% |
Average DrawdownAverage peak-to-trough decline | -4.34% | -9.79% | +5.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.60% | 2.15% | -0.55% |
Volatility
VWENX vs. VWNEX - Volatility Comparison
The current volatility for Vanguard Wellington Fund Admiral Shares (VWENX) is 2.84%, while Vanguard Windsor Fund Admiral Shares (VWNEX) has a volatility of 3.25%. This indicates that VWENX experiences smaller price fluctuations and is considered to be less risky than VWNEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| VWENX | VWNEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.84% | 3.25% | -0.41% |
Volatility (6M)Calculated over the trailing 6-month period | 7.61% | 8.79% | -1.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.33% | 12.38% | -3.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.26% | 17.25% | -5.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.55% | 19.50% | -7.95% |
VWENX vs. VWNEX - Expense Ratio Comparison
VWENX has a 0.16% expense ratio, which is lower than VWNEX's 0.18% expense ratio. Despite the difference, 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. VWNEX - Dividend Comparison
VWENX's dividend yield for the trailing twelve months is around 11.11%, more than VWNEX's 6.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VWENX Vanguard Wellington Fund Admiral Shares | 11.11% | 11.55% | 10.85% | 6.08% | 8.28% | 8.72% | 7.85% | 4.74% | 9.58% | 5.88% | 4.53% | 6.58% |
VWNEX Vanguard Windsor Fund Admiral Shares | 6.94% | 7.90% | 12.60% | 8.34% | 15.50% | 11.57% | 8.47% | 10.36% | 13.30% | 3.56% | 4.99% | 8.62% |
Frequently Asked Questions
VWENX and VWNEX have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VWNEX has higher volatility (3.25%) compared to VWENX (2.84%). In terms of maximum drawdown, VWENX dropped -36.02% vs VWNEX's -61.41%.
VWNEX currently has the higher Sharpe Ratio (1.79 vs 1.38), 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.
Find the right allocation for VWENX and VWNEX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer