VWINX vs. FFANX
Compare and contrast key facts about Vanguard Wellesley Income Fund Investor Shares (VWINX) and Fidelity Asset Manager 40% Fund (FFANX).
VWINX is managed by Vanguard. It was launched on Jul 1, 1970. FFANX is managed by BlackRock. It was launched on Oct 9, 2007.
Performance
VWINX vs. FFANX - Performance Comparison
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VWINX vs. FFANX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VWINX Vanguard Wellesley Income Fund Investor Shares | 0.26% | 10.98% | 5.86% | 6.99% | -9.09% | 8.48% | 8.44% | 16.39% | -2.54% | 9.29% |
FFANX Fidelity Asset Manager 40% Fund | -0.00% | 13.16% | 7.40% | 11.52% | -13.62% | 8.03% | 13.10% | 15.81% | -4.06% | 11.25% |
Returns By Period
Over the past 10 years, VWINX has underperformed FFANX with an annualized return of 5.67%, while FFANX has yielded a comparatively higher 6.30% annualized return.
VWINX
- 1D
- 0.00%
- 1M
- -2.31%
- YTD
- 0.26%
- 6M
- 1.88%
- 1Y
- 7.83%
- 3Y*
- 7.55%
- 5Y*
- 4.12%
- 10Y*
- 5.67%
FFANX
- 1D
- 0.14%
- 1M
- -1.95%
- YTD
- -0.00%
- 6M
- 1.70%
- 1Y
- 12.03%
- 3Y*
- 9.07%
- 5Y*
- 4.50%
- 10Y*
- 6.30%
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VWINX vs. FFANX - Expense Ratio Comparison
VWINX has a 0.23% expense ratio, which is lower than FFANX's 0.52% expense ratio.
Return for Risk
VWINX vs. FFANX — Risk / Return Rank
VWINX
FFANX
VWINX vs. FFANX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Wellesley Income Fund Investor Shares (VWINX) and Fidelity Asset Manager 40% Fund (FFANX). 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.
| VWINX | FFANX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.22 | 1.56 | -0.34 |
Sortino ratioReturn per unit of downside risk | 1.72 | 2.22 | -0.50 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.32 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 1.63 | 2.25 | -0.62 |
Martin ratioReturn relative to average drawdown | 6.33 | 9.22 | -2.88 |
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
| VWINX | FFANX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.22 | 1.56 | -0.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 0.58 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.82 | 0.83 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.07 | 0.63 | +0.44 |
Correlation
The correlation between VWINX and FFANX is 0.83, 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
VWINX vs. FFANX - Dividend Comparison
VWINX's dividend yield for the trailing twelve months is around 7.93%, more than FFANX's 3.97% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VWINX Vanguard Wellesley Income Fund Investor Shares | 7.93% | 7.86% | 6.61% | 4.73% | 7.67% | 6.03% | 4.30% | 3.94% | 7.56% | 3.20% | 4.00% | 5.60% |
FFANX Fidelity Asset Manager 40% Fund | 3.97% | 3.97% | 2.81% | 2.49% | 5.75% | 2.35% | 2.36% | 3.67% | 4.56% | 2.56% | 1.43% | 3.18% |
Drawdowns
VWINX vs. FFANX - Drawdown Comparison
The maximum VWINX drawdown since its inception was -21.72%, smaller than the maximum FFANX drawdown of -31.69%. Use the drawdown chart below to compare losses from any high point for VWINX and FFANX.
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Drawdown Indicators
| VWINX | FFANX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.72% | -31.69% | +9.97% |
Max Drawdown (1Y)Largest decline over 1 year | -4.16% | -5.20% | +1.04% |
Max Drawdown (5Y)Largest decline over 5 years | -15.30% | -18.52% | +3.22% |
Max Drawdown (10Y)Largest decline over 10 years | -17.43% | -18.52% | +1.09% |
Current DrawdownCurrent decline from peak | -3.13% | -3.70% | +0.57% |
Average DrawdownAverage peak-to-trough decline | -2.64% | -3.83% | +1.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.29% | 1.38% | -0.09% |
Volatility
VWINX vs. FFANX - Volatility Comparison
The current volatility for Vanguard Wellesley Income Fund Investor Shares (VWINX) is 2.22%, while Fidelity Asset Manager 40% Fund (FFANX) has a volatility of 3.31%. This indicates that VWINX experiences smaller price fluctuations and is considered to be less risky than FFANX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VWINX | FFANX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.22% | 3.31% | -1.09% |
Volatility (6M)Calculated over the trailing 6-month period | 3.74% | 5.07% | -1.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.68% | 7.91% | -1.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.96% | 7.79% | -0.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.89% | 7.64% | -0.75% |