VWINX vs. SPAB
Compare and contrast key facts about Vanguard Wellesley Income Fund Investor Shares (VWINX) and SPDR Portfolio Aggregate Bond ETF (SPAB).
VWINX is managed by Vanguard. It was launched on Jul 1, 1970. SPAB is a passively managed fund by State Street that tracks the performance of the Bloomberg US Aggregate. It was launched on May 23, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VWINX or SPAB.
Key characteristics
| VWINX | SPAB | |
|---|---|---|
| YTD Return | 8.20% | 2.34% |
| 1Y Return | 18.46% | 8.97% |
| 3Y Return (Ann) | -0.54% | -2.34% |
| 5Y Return (Ann) | 2.83% | 0.01% |
| 10Y Return (Ann) | 3.40% | 1.49% |
| Sharpe Ratio | 2.61 | 1.39 |
| Sortino Ratio | 4.03 | 2.03 |
| Omega Ratio | 1.55 | 1.24 |
| Calmar Ratio | 1.04 | 0.52 |
| Martin Ratio | 17.12 | 4.94 |
| Ulcer Index | 1.03% | 1.65% |
| Daily Std Dev | 6.72% | 5.83% |
| Max Drawdown | -24.01% | -18.56% |
| Current Drawdown | -1.59% | -8.16% |
Correlation
The correlation between VWINX and SPAB is 0.26, 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
VWINX vs. SPAB - Performance Comparison
In the year-to-date period, VWINX achieves a 8.20% return, which is significantly higher than SPAB's 2.34% return. Over the past 10 years, VWINX has outperformed SPAB with an annualized return of 3.40%, while SPAB has yielded a comparatively lower 1.49% 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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VWINX vs. SPAB - Expense Ratio Comparison
VWINX has a 0.23% expense ratio, which is higher than SPAB'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%.
Risk-Adjusted Performance
VWINX vs. SPAB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Wellesley Income Fund Investor Shares (VWINX) and SPDR Portfolio Aggregate Bond ETF (SPAB). 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
VWINX vs. SPAB - Dividend Comparison
VWINX's dividend yield for the trailing twelve months is around 5.73%, more than SPAB's 3.77% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VWINX Vanguard Wellesley Income Fund Investor Shares | 5.73% | 5.71% | 3.17% | 2.48% | 2.65% | 2.90% | 3.30% | 2.85% | 2.94% | 3.11% | 3.16% | 3.05% |
SPAB SPDR Portfolio Aggregate Bond ETF | 3.77% | 3.34% | 2.59% | 2.11% | 2.43% | 2.92% | 2.96% | 2.67% | 2.63% | 2.61% | 2.43% | 1.99% |
Drawdowns
VWINX vs. SPAB - Drawdown Comparison
The maximum VWINX drawdown since its inception was -24.01%, which is greater than SPAB's maximum drawdown of -18.56%. Use the drawdown chart below to compare losses from any high point for VWINX and SPAB. For additional features, visit the drawdowns tool.
Volatility
VWINX vs. SPAB - Volatility Comparison
The current volatility for Vanguard Wellesley Income Fund Investor Shares (VWINX) is 1.53%, while SPDR Portfolio Aggregate Bond ETF (SPAB) has a volatility of 1.70%. This indicates that VWINX experiences smaller price fluctuations and is considered to be less risky than SPAB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.