VWINX vs. SWYEX

Last updated Jun 4, 2026

VWINX (Vanguard Wellesley Income Fund Investor Shares) and SWYEX (Schwab Target 2030 Index Fund) are both mutual funds - VWINX is a Diversified Portfolio fund managed by Vanguard, while SWYEX is a Target Retirement Date fund managed by Charles Schwab. Over the past 5 years, VWINX returned 4.14%/yr vs 7.19%/yr for SWYEX. A 0.78 correlation means they provide meaningful diversification when combined. VWINX charges 0.23%/yr vs 0.04%/yr for SWYEX.

Performance

VWINX vs. SWYEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Wellesley Income Fund Investor Shares (VWINX) and Schwab Target 2030 Index Fund (SWYEX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VWINX achieves a 3.55% return, which is significantly lower than SWYEX's 7.72% return.

VWINX

• 1D: 0.31%
• 1M: 1.24%
• YTD: 3.55%
• 6M: 3.53%
• 1Y: 11.32%
• 3Y*: 8.86%
• 5Y*: 4.14%
• 10Y*: 5.81%

SWYEX

• 1D: 0.21%
• 1M: 3.32%
• YTD: 7.72%
• 6M: 8.02%
• 1Y: 18.63%
• 3Y*: 14.00%
• 5Y*: 7.19%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

VWINX vs. SWYEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VWINX Vanguard Wellesley Income Fund Investor Shares	3.55%	10.98%	5.86%	6.99%	-9.09%	8.48%	8.44%	16.39%	-2.54%	9.29%
SWYEX Schwab Target 2030 Index Fund	7.72%	14.82%	10.38%	16.65%	-15.68%	12.58%	13.17%	20.88%	-5.07%	16.22%

Correlation

The correlation between VWINX and SWYEX is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.76
Correlation (3Y) Calculated over the trailing 3-year period	0.79
Correlation (5Y) Calculated over the trailing 5-year period	0.79
Correlation (All Time) Calculated using the full available price history since Aug 31, 2016	0.78

The correlation between VWINX and SWYEX has been stable across timeframes, ranging from 0.76 to 0.79 - a consistent structural relationship.

VWINX vs. SWYEX - Sectors Allocation Comparison

Sectors	VWINX	SWYEX
Financial Services	7.9%	14.6%
Healthcare	5.7%	7.8%
Technology	4.2%	27.4%
Industrials	3.6%	11.1%
Consumer Defensive	3.6%	4.7%
Utilities	3.6%	2.5%
Energy	3.1%	3.9%
Consumer Cyclical	1.9%	8.9%
Basic Materials	1.4%	3.4%
Real Estate	1.1%	8.0%
Communication Services	1.1%	7.8%

Return for Risk

VWINX vs. SWYEX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VWINX

VWINX Risk / Return Rank: 57
VWINX Sharpe Ratio Rank: 61
VWINX Sortino Ratio Rank: 62
VWINX Omega Ratio Rank: 58
VWINX Calmar Ratio Rank: 54
VWINX Martin Ratio Rank: 52

SWYEX

SWYEX Risk / Return Rank: 73
SWYEX Sharpe Ratio Rank: 75
SWYEX Sortino Ratio Rank: 73
SWYEX Omega Ratio Rank: 70
SWYEX Calmar Ratio Rank: 69
SWYEX Martin Ratio Rank: 76

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VWINX vs. SWYEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Wellesley Income Fund Investor Shares (VWINX) and Schwab Target 2030 Index Fund (SWYEX). 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	SWYEX	Difference
Sharpe ratio: Return per unit of total volatility	2.29	2.50	-0.21
Sortino ratio: Return per unit of downside risk	3.30	3.57	-0.27
Omega ratio: Gain probability vs. loss probability	1.42	1.47	-0.04
Calmar ratio: Return relative to maximum drawdown	2.81	3.20	-0.39
Martin ratio: Return relative to average drawdown	10.57	14.26	-3.68
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VWINX vs. SWYEX - Sharpe Ratio Comparison

The current VWINX Sharpe Ratio is 2.29, which is comparable to the SWYEX Sharpe Ratio of 2.50. The chart below compares the historical Sharpe Ratios of VWINX and SWYEX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	VWINX	SWYEX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.29	2.50	-0.21
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.60	0.66	-0.07
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.84	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.08	0.78	+0.31

Drawdowns

VWINX vs. SWYEX - Drawdown Comparison

The maximum VWINX drawdown since its inception was -21.72%, smaller than the maximum SWYEX drawdown of -23.23%. Use the drawdown chart below to compare losses from any high point for VWINX and SWYEX.

Drawdown Indicators

	VWINX	SWYEX	Difference
Max Drawdown Largest peak-to-trough decline	-21.72%	-23.23%	+1.51%
Max Drawdown (1Y) Largest decline over 1 year	-4.16%	-5.92%	+1.76%
Max Drawdown (3Y) Largest decline over 3 years	-6.98%	-9.70%	+2.72%
Max Drawdown (5Y) Largest decline over 5 years	-15.30%	-22.03%	+6.73%
Max Drawdown (10Y) Largest decline over 10 years	-17.43%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-2.63%	-3.67%	+1.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.10%	1.32%	-0.22%

Volatility

VWINX vs. SWYEX - Volatility Comparison

The current volatility for Vanguard Wellesley Income Fund Investor Shares (VWINX) is 1.64%, while Schwab Target 2030 Index Fund (SWYEX) has a volatility of 2.41%. This indicates that VWINX experiences smaller price fluctuations and is considered to be less risky than SWYEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VWINX	SWYEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.64%	2.41%	-0.77%
Volatility (6M) Calculated over the trailing 6-month period	3.89%	6.01%	-2.12%
Volatility (1Y) Calculated over the trailing 1-year period	5.09%	7.57%	-2.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.97%	10.88%	-3.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.92%	11.53%	-4.61%

VWINX vs. SWYEX - Expense Ratio Comparison

VWINX has a 0.23% expense ratio, which is higher than SWYEX'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%.

Dividends

VWINX vs. SWYEX - Dividend Comparison

VWINX's dividend yield for the trailing twelve months is around 7.68%, more than SWYEX's 2.33% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SWYEX Schwab Target 2030 Index Fund	2.33%	2.51%	2.60%	2.28%	2.14%	1.85%	1.72%	1.92%	2.23%	1.31%	1.02%	0.00%
VWINX Vanguard Wellesley Income Fund Investor Shares	7.68%	7.86%	6.61%	4.73%	7.67%	6.03%	4.30%	3.94%	7.56%	3.20%	4.00%	5.60%

Frequently Asked Questions

Can I hold both VWINX and SWYEX in my portfolio?

VWINX and SWYEX have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VWINX or SWYEX?

SWYEX has higher volatility (2.41%) compared to VWINX (1.64%). In terms of maximum drawdown, VWINX dropped -21.72% vs SWYEX's -23.23%.

Which has better risk-adjusted returns?

SWYEX currently has the higher Sharpe Ratio (2.50 vs 2.29), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.