VWIAX vs. VO
Compare and contrast key facts about Vanguard Wellesley Income Fund Admiral Shares (VWIAX) and Vanguard Mid-Cap ETF (VO).
VWIAX is managed by Vanguard. It was launched on May 14, 2001. VO is a passively managed fund by Vanguard that tracks the performance of the CRSP US Mid Cap Index. It was launched on Jan 26, 2004.
Performance
VWIAX vs. VO - Performance Comparison
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VWIAX vs. VO - 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% |
VO Vanguard Mid-Cap ETF | -0.68% | 11.62% | 15.31% | 16.03% | -18.73% | 24.70% | 18.10% | 30.98% | -9.24% | 19.28% |
Returns By Period
In the year-to-date period, VWIAX achieves a -0.44% return, which is significantly higher than VO's -0.68% return. Over the past 10 years, VWIAX has underperformed VO with an annualized return of 5.67%, while VO has yielded a comparatively higher 10.67% 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%
VO
- 1D
- 2.22%
- 1M
- -5.86%
- YTD
- -0.68%
- 6M
- -1.48%
- 1Y
- 12.73%
- 3Y*
- 12.61%
- 5Y*
- 6.66%
- 10Y*
- 10.67%
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VWIAX vs. VO - Expense Ratio Comparison
VWIAX has a 0.16% expense ratio, which is higher than VO's 0.04% 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
VWIAX vs. VO — Risk / Return Rank
VWIAX
VO
VWIAX vs. VO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Wellesley Income Fund Admiral Shares (VWIAX) and Vanguard Mid-Cap ETF (VO). 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 | VO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.20 | 0.73 | +0.48 |
Sortino ratioReturn per unit of downside risk | 1.69 | 1.12 | +0.57 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.16 | +0.08 |
Calmar ratioReturn relative to maximum drawdown | 1.60 | 1.05 | +0.55 |
Martin ratioReturn relative to average drawdown | 6.38 | 4.84 | +1.53 |
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 | VO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.20 | 0.73 | +0.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 0.38 | +0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.82 | 0.57 | +0.26 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.92 | 0.48 | +0.43 |
Correlation
The correlation between VWIAX and VO is 0.72, 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. VO - Dividend Comparison
VWIAX's dividend yield for the trailing twelve months is around 8.07%, more than VO's 1.51% 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% |
VO Vanguard Mid-Cap ETF | 1.51% | 1.52% | 1.49% | 1.52% | 1.60% | 1.12% | 1.45% | 1.48% | 1.82% | 1.35% | 1.45% | 1.47% |
Drawdowns
VWIAX vs. VO - Drawdown Comparison
The maximum VWIAX drawdown since its inception was -21.64%, smaller than the maximum VO drawdown of -58.87%. Use the drawdown chart below to compare losses from any high point for VWIAX and VO.
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Drawdown Indicators
| VWIAX | VO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.64% | -58.87% | +37.23% |
Max Drawdown (1Y)Largest decline over 1 year | -5.00% | -12.74% | +7.74% |
Max Drawdown (5Y)Largest decline over 5 years | -15.26% | -27.57% | +12.31% |
Max Drawdown (10Y)Largest decline over 10 years | -17.41% | -39.37% | +21.96% |
Current DrawdownCurrent decline from peak | -3.81% | -6.12% | +2.31% |
Average DrawdownAverage peak-to-trough decline | -2.23% | -7.91% | +5.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.26% | 2.76% | -1.50% |
Volatility
VWIAX vs. VO - Volatility Comparison
The current volatility for Vanguard Wellesley Income Fund Admiral Shares (VWIAX) is 2.08%, while Vanguard Mid-Cap ETF (VO) has a volatility of 4.89%. This indicates that VWIAX experiences smaller price fluctuations and is considered to be less risky than VO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VWIAX | VO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.08% | 4.89% | -2.81% |
Volatility (6M)Calculated over the trailing 6-month period | 3.69% | 9.72% | -6.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.69% | 17.57% | -10.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.95% | 17.62% | -10.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.90% | 18.94% | -12.04% |