VWIAX vs. PDI
Compare and contrast key facts about Vanguard Wellesley Income Fund Admiral Shares (VWIAX) and PIMCO Dynamic Income Fund (PDI).
VWIAX is managed by Vanguard. It was launched on May 14, 2001.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VWIAX or PDI.
Key characteristics
| VWIAX | PDI | |
|---|---|---|
| YTD Return | 8.52% | 19.89% |
| 1Y Return | 14.34% | 27.00% |
| 3Y Return (Ann) | 2.55% | 3.70% |
| 5Y Return (Ann) | 5.10% | 2.55% |
| 10Y Return (Ann) | 5.70% | 7.46% |
| Sharpe Ratio | 1.92 | 2.16 |
| Daily Std Dev | 7.50% | 12.84% |
| Max Drawdown | -21.64% | -46.47% |
| Current Drawdown | -0.02% | 0.00% |
Correlation
The correlation between VWIAX and PDI is 0.36, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
VWIAX vs. PDI - Performance Comparison
In the year-to-date period, VWIAX achieves a 8.52% return, which is significantly lower than PDI's 19.89% return. Over the past 10 years, VWIAX has underperformed PDI with an annualized return of 5.70%, while PDI has yielded a comparatively higher 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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Risk-Adjusted Performance
VWIAX vs. PDI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Wellesley Income Fund Admiral Shares (VWIAX) and PIMCO Dynamic Income Fund (PDI). 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
VWIAX vs. PDI - Dividend Comparison
VWIAX's dividend yield for the trailing twelve months is around 3.93%, less than PDI's 13.64% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VWIAX Vanguard Wellesley Income Fund Admiral Shares | 3.93% | 4.80% | 7.75% | 6.11% | 4.37% | 4.00% | 7.64% | 4.06% | 4.07% | 5.66% | 4.99% | 5.87% |
PDI PIMCO Dynamic Income Fund | 13.64% | 14.74% | 17.84% | 10.21% | 10.01% | 9.45% | 10.78% | 8.81% | 14.79% | 15.08% | 13.43% | 11.59% |
Drawdowns
VWIAX vs. PDI - Drawdown Comparison
The maximum VWIAX drawdown since its inception was -21.64%, smaller than the maximum PDI drawdown of -46.47%. Use the drawdown chart below to compare losses from any high point for VWIAX and PDI. For additional features, visit the drawdowns tool.
Volatility
VWIAX vs. PDI - Volatility Comparison
Vanguard Wellesley Income Fund Admiral Shares (VWIAX) has a higher volatility of 1.23% compared to PIMCO Dynamic Income Fund (PDI) at 0.56%. This indicates that VWIAX's price experiences larger fluctuations and is considered to be riskier than PDI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.