VWESX vs. FNSOX
Compare and contrast key facts about Vanguard Long-Term Investment-Grade Fund Investor Shares (VWESX) and Fidelity Short-Term Bond Index Fund (FNSOX).
VWESX is managed by Vanguard. It was launched on Jul 9, 1973. FNSOX is managed by Fidelity. It was launched on Oct 18, 2017.
Performance
VWESX vs. FNSOX - Performance Comparison
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VWESX vs. FNSOX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VWESX Vanguard Long-Term Investment-Grade Fund Investor Shares | -1.27% | 7.20% | -2.75% | 9.30% | -25.62% | -3.14% | 15.39% | 20.44% | -6.26% | 2.61% |
FNSOX Fidelity Short-Term Bond Index Fund | -0.12% | 6.01% | 3.90% | 4.90% | -5.76% | -1.25% | 4.28% | 4.95% | 1.14% | -0.22% |
Returns By Period
In the year-to-date period, VWESX achieves a -1.27% return, which is significantly lower than FNSOX's -0.12% return.
VWESX
- 1D
- 0.40%
- 1M
- -2.97%
- YTD
- -1.27%
- 6M
- -1.84%
- 1Y
- 2.49%
- 3Y*
- 2.11%
- 5Y*
- -2.27%
- 10Y*
- 1.75%
FNSOX
- 1D
- 0.10%
- 1M
- -0.79%
- YTD
- -0.12%
- 6M
- 0.91%
- 1Y
- 3.80%
- 3Y*
- 4.25%
- 5Y*
- 1.58%
- 10Y*
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VWESX vs. FNSOX - Expense Ratio Comparison
VWESX has a 0.22% expense ratio, which is higher than FNSOX's 0.03% 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%.
Return for Risk
VWESX vs. FNSOX — Risk / Return Rank
VWESX
FNSOX
VWESX vs. FNSOX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Long-Term Investment-Grade Fund Investor Shares (VWESX) and Fidelity Short-Term Bond Index Fund (FNSOX). 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.
| VWESX | FNSOX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.34 | 1.74 | -1.40 |
Sortino ratioReturn per unit of downside risk | 0.52 | 2.68 | -2.17 |
Omega ratioGain probability vs. loss probability | 1.07 | 1.35 | -0.29 |
Calmar ratioReturn relative to maximum drawdown | 0.71 | 2.79 | -2.08 |
Martin ratioReturn relative to average drawdown | 1.72 | 10.34 | -8.62 |
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
| VWESX | FNSOX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.34 | 1.74 | -1.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.19 | 0.56 | -0.74 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.16 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.83 | -0.28 |
Correlation
The correlation between VWESX and FNSOX is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
VWESX vs. FNSOX - Dividend Comparison
VWESX's dividend yield for the trailing twelve months is around 4.65%, more than FNSOX's 3.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VWESX Vanguard Long-Term Investment-Grade Fund Investor Shares | 4.65% | 4.95% | 5.06% | 4.55% | 4.43% | 4.51% | 6.89% | 5.01% | 4.31% | 5.50% | 6.14% | 7.38% |
FNSOX Fidelity Short-Term Bond Index Fund | 3.14% | 3.22% | 2.80% | 1.74% | 0.81% | 0.80% | 1.54% | 2.61% | 2.04% | 0.34% | 0.00% | 0.00% |
Drawdowns
VWESX vs. FNSOX - Drawdown Comparison
The maximum VWESX drawdown since its inception was -36.34%, which is greater than FNSOX's maximum drawdown of -8.92%. Use the drawdown chart below to compare losses from any high point for VWESX and FNSOX.
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Drawdown Indicators
| VWESX | FNSOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.34% | -8.92% | -27.42% |
Max Drawdown (1Y)Largest decline over 1 year | -5.45% | -1.47% | -3.98% |
Max Drawdown (5Y)Largest decline over 5 years | -34.48% | -8.77% | -25.71% |
Max Drawdown (10Y)Largest decline over 10 years | -36.34% | — | — |
Current DrawdownCurrent decline from peak | -20.51% | -1.08% | -19.43% |
Average DrawdownAverage peak-to-trough decline | -6.69% | -1.75% | -4.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.25% | 0.40% | +1.85% |
Volatility
VWESX vs. FNSOX - Volatility Comparison
Vanguard Long-Term Investment-Grade Fund Investor Shares (VWESX) has a higher volatility of 3.42% compared to Fidelity Short-Term Bond Index Fund (FNSOX) at 0.75%. This indicates that VWESX's price experiences larger fluctuations and is considered to be riskier than FNSOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VWESX | FNSOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.42% | 0.75% | +2.67% |
Volatility (6M)Calculated over the trailing 6-month period | 5.29% | 1.37% | +3.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.97% | 2.21% | +6.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.10% | 2.86% | +9.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.85% | 2.48% | +8.37% |