VWIAX vs. FASMX
Compare and contrast key facts about Vanguard Wellesley Income Fund Admiral Shares (VWIAX) and Fidelity Asset Manager 50% Fund (FASMX).
VWIAX is managed by Vanguard. It was launched on May 14, 2001. FASMX is managed by BlackRock. It was launched on Dec 28, 1988.
Performance
VWIAX vs. FASMX - Performance Comparison
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VWIAX vs. FASMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VWIAX Vanguard Wellesley Income Fund Admiral Shares | -0.44% | 11.08% | 5.92% | 7.07% | -9.04% | 8.55% | 8.52% | 16.47% | -2.49% | 9.37% |
FASMX Fidelity Asset Manager 50% Fund | -2.02% | 14.94% | 8.46% | 13.09% | -14.93% | 9.86% | 14.72% | 18.25% | -5.51% | 11.73% |
Returns By Period
In the year-to-date period, VWIAX achieves a -0.44% return, which is significantly higher than FASMX's -2.02% return. Over the past 10 years, VWIAX has underperformed FASMX with an annualized return of 5.67%, while FASMX has yielded a comparatively higher 6.84% annualized return.
VWIAX
- 1D
- 0.36%
- 1M
- -3.81%
- YTD
- -0.44%
- 6M
- 1.50%
- 1Y
- 7.50%
- 3Y*
- 7.37%
- 5Y*
- 4.16%
- 10Y*
- 5.67%
FASMX
- 1D
- -0.09%
- 1M
- -5.86%
- YTD
- -2.02%
- 6M
- 0.38%
- 1Y
- 12.51%
- 3Y*
- 9.57%
- 5Y*
- 4.94%
- 10Y*
- 6.84%
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VWIAX vs. FASMX - Expense Ratio Comparison
VWIAX has a 0.16% expense ratio, which is lower than FASMX's 0.62% expense ratio.
Return for Risk
VWIAX vs. FASMX — Risk / Return Rank
VWIAX
FASMX
VWIAX vs. FASMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Wellesley Income Fund Admiral Shares (VWIAX) and Fidelity Asset Manager 50% Fund (FASMX). 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.
| VWIAX | FASMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.20 | 1.32 | -0.12 |
Sortino ratioReturn per unit of downside risk | 1.69 | 1.87 | -0.18 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.27 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.60 | 1.71 | -0.11 |
Martin ratioReturn relative to average drawdown | 6.38 | 7.35 | -0.97 |
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
| VWIAX | FASMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.20 | 1.32 | -0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 0.54 | +0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.82 | 0.74 | +0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.92 | 0.82 | +0.09 |
Correlation
The correlation between VWIAX and FASMX is 0.80, 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.
Dividends
VWIAX vs. FASMX - Dividend Comparison
VWIAX's dividend yield for the trailing twelve months is around 8.07%, more than FASMX's 7.74% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VWIAX Vanguard Wellesley Income Fund Admiral Shares | 8.07% | 7.93% | 6.69% | 4.80% | 7.75% | 6.11% | 4.37% | 4.00% | 7.64% | 3.25% | 4.07% | 5.66% |
FASMX Fidelity Asset Manager 50% Fund | 7.74% | 7.58% | 3.88% | 2.18% | 6.78% | 2.91% | 2.40% | 4.21% | 5.11% | 2.24% | 1.69% | 5.77% |
Drawdowns
VWIAX vs. FASMX - Drawdown Comparison
The maximum VWIAX drawdown since its inception was -21.64%, smaller than the maximum FASMX drawdown of -37.75%. Use the drawdown chart below to compare losses from any high point for VWIAX and FASMX.
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Drawdown Indicators
| VWIAX | FASMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.64% | -37.75% | +16.11% |
Max Drawdown (1Y)Largest decline over 1 year | -5.00% | -6.84% | +1.84% |
Max Drawdown (5Y)Largest decline over 5 years | -15.26% | -20.54% | +5.28% |
Max Drawdown (10Y)Largest decline over 10 years | -17.41% | -21.27% | +3.86% |
Current DrawdownCurrent decline from peak | -3.81% | -6.19% | +2.38% |
Average DrawdownAverage peak-to-trough decline | -2.23% | -4.13% | +1.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.26% | 1.59% | -0.33% |
Volatility
VWIAX vs. FASMX - Volatility Comparison
The current volatility for Vanguard Wellesley Income Fund Admiral Shares (VWIAX) is 2.08%, while Fidelity Asset Manager 50% Fund (FASMX) has a volatility of 3.59%. This indicates that VWIAX experiences smaller price fluctuations and is considered to be less risky than FASMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VWIAX | FASMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.08% | 3.59% | -1.51% |
Volatility (6M)Calculated over the trailing 6-month period | 3.69% | 5.90% | -2.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.69% | 9.51% | -2.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.95% | 9.21% | -2.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.90% | 9.24% | -2.34% |