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VWINX vs. VASGX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VWINX vs. VASGX

Last updated Jun 4, 2026

VWINX (Vanguard Wellesley Income Fund Investor Shares) and VASGX (Vanguard LifeStrategy Growth Fund) are both Diversified Portfolio funds from Vanguard. Over the past 10 years, VWINX returned 5.81%/yr vs 10.79%/yr for VASGX. A 0.71 correlation means they provide meaningful diversification when combined. VWINX charges 0.23%/yr vs 0.14%/yr for VASGX.

Performance

VWINX vs. VASGX - Performance Comparison

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

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Returns By Period

In the year-to-date period, VWINX achieves a 3.55% return, which is significantly lower than VASGX's 10.86% return. Over the past 10 years, VWINX has underperformed VASGX with an annualized return of 5.81%, while VASGX has yielded a comparatively higher 10.79% annualized 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%

VASGX

1D
0.32%
1M
4.71%
YTD
10.86%
6M
11.65%
1Y
25.43%
3Y*
17.90%
5Y*
9.17%
10Y*
10.79%
*Multi-year figures are annualized to reflect compound growth (CAGR)

VWINX vs. VASGX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
VASGX
Vanguard LifeStrategy Growth Fund		10.86%19.65%12.95%18.76%-17.21%14.35%15.45%23.14%-6.89%19.21%

Correlation

The correlation between VWINX and VASGX is 0.69, 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

0.69

Correlation (3Y)
Calculated over the trailing 3-year period

0.71

Correlation (5Y)
Calculated over the trailing 5-year period

0.73

Correlation (10Y)
Calculated over the trailing 10-year period

0.74

Correlation (All Time)
Calculated using the full available price history since Oct 3, 1994

0.71

The correlation between VWINX and VASGX has been stable across timeframes, ranging from 0.69 to 0.74 - a consistent structural relationship.

VWINX vs. VASGX - Sectors Allocation Comparison

Sectors
VWINX
VASGX

Financial Services

7.9%
16.1%

Healthcare

5.7%
8.3%

Technology

4.2%
27.4%

Industrials

3.6%
12.3%

Consumer Defensive

3.6%
4.8%

Utilities

3.6%
2.7%

Energy

3.1%
4.3%

Consumer Cyclical

1.9%
9.4%

Basic Materials

1.4%
4.3%

Real Estate

1.1%
2.5%

Communication Services

1.1%
8.0%

Financial Services

VWINX
7.9%
VASGX
16.1%

Healthcare

VWINX
5.7%
VASGX
8.3%

Technology

VWINX
4.2%
VASGX
27.4%

Industrials

VWINX
3.6%
VASGX
12.3%

Consumer Defensive

VWINX
3.6%
VASGX
4.8%

Utilities

VWINX
3.6%
VASGX
2.7%

Energy

VWINX
3.1%
VASGX
4.3%

Consumer Cyclical

VWINX
1.9%
VASGX
9.4%

Basic Materials

VWINX
1.4%
VASGX
4.3%

Real Estate

VWINX
1.1%
VASGX
2.5%

Communication Services

VWINX
1.1%
VASGX
8.0%

Compare stocks, funds, or ETFs

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Vanguard Wellesley Income Fund Investor Shares

Vanguard LifeStrategy Growth Fund

Often compared with VWINX:
VWINX vs. VWELXVWINX vs. VTINXVWINX vs. VWENXVWINX vs. VSCGXVWINX vs. SCHDVWINX vs. FFANXVWINX vs. VYM
Often compared with VASGX:
VASGX vs. AOAVASGX vs. VOOVASGX vs. VTSAXVASGX vs. SPYVASGX vs. FASGXVASGX vs. VTWAXVASGX vs. VFORX

Return for Risk

VWINX vs. VASGX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VWINX
VWINX Risk / Return Rank: 5757
Overall Rank
VWINX Sharpe Ratio Rank: 6161
Sharpe Ratio Rank
VWINX Sortino Ratio Rank: 6262
Sortino Ratio Rank
VWINX Omega Ratio Rank: 5858
Omega Ratio Rank
VWINX Calmar Ratio Rank: 5454
Calmar Ratio Rank
VWINX Martin Ratio Rank: 5252
Martin Ratio Rank
VASGX
VASGX Risk / Return Rank: 7070
Overall Rank
VASGX Sharpe Ratio Rank: 7474
Sharpe Ratio Rank
VASGX Sortino Ratio Rank: 7070
Sortino Ratio Rank
VASGX Omega Ratio Rank: 6767
Omega Ratio Rank
VASGX Calmar Ratio Rank: 6767
Calmar Ratio Rank
VASGX Martin Ratio Rank: 7373
Martin Ratio Rank
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. VASGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Wellesley Income Fund Investor Shares (VWINX) and Vanguard LifeStrategy Growth Fund (VASGX). 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.

VWINXVASGXDifference
Sharpe ratioReturn per unit of total volatility
2.29
2.49

-0.20

Sortino ratioReturn per unit of downside risk
3.30
3.48

-0.17

Omega ratioGain probability vs. loss probability

1.42

1.46

-0.03

Calmar ratioReturn relative to maximum drawdown

2.81

3.15

-0.35

Martin ratioReturn relative to average drawdown

10.57

13.93

-3.36

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. VASGX - Sharpe Ratio Comparison

The current VWINX Sharpe Ratio is 2.29, which is comparable to the VASGX Sharpe Ratio of 2.49. The chart below compares the historical Sharpe Ratios of VWINX and VASGX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

VWINXVASGXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.29

2.49

-0.20

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.60

0.72

-0.12

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.84

0.80

+0.04

Sharpe Ratio (All Time)

Calculated using the full available price history

1.08

0.58

+0.50

Drawdowns

VWINX vs. VASGX - Drawdown Comparison

The maximum VWINX drawdown since its inception was -21.72%, smaller than the maximum VASGX drawdown of -51.16%. Use the drawdown chart below to compare losses from any high point for VWINX and VASGX.

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Drawdown Indicators

VWINXVASGXDifference

Max Drawdown

Largest peak-to-trough decline

-21.72%

-51.16%

+29.44%

Max Drawdown (1Y)

Largest decline over 1 year

-4.16%

-8.17%

+4.01%

Max Drawdown (3Y)

Largest decline over 3 years

-6.98%

-12.89%

+5.91%

Max Drawdown (5Y)

Largest decline over 5 years

-15.30%

-24.43%

+9.13%

Max Drawdown (10Y)

Largest decline over 10 years

-17.43%

-28.53%

+11.10%

Current Drawdown

Current decline from peak

0.00%

0.00%

0.00%

Average Drawdown

Average peak-to-trough decline

-2.63%

-7.25%

+4.62%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.10%

1.85%

-0.75%

Volatility

VWINX vs. VASGX - Volatility Comparison

The current volatility for Vanguard Wellesley Income Fund Investor Shares (VWINX) is 1.64%, while Vanguard LifeStrategy Growth Fund (VASGX) has a volatility of 3.14%. This indicates that VWINX experiences smaller price fluctuations and is considered to be less risky than VASGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

VWINXVASGXDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.64%

3.14%

-1.50%

Volatility (6M)

Calculated over the trailing 6-month period

3.89%

8.27%

-4.38%

Volatility (1Y)

Calculated over the trailing 1-year period

5.09%

10.34%

-5.25%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

6.97%

12.77%

-5.80%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

6.92%

13.48%

-6.56%

VWINX vs. VASGX - Expense Ratio Comparison

VWINX has a 0.23% expense ratio, which is higher than VASGX's 0.14% 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. VASGX - Dividend Comparison

VWINX's dividend yield for the trailing twelve months is around 7.68%, more than VASGX's 3.69% yield.

PositionTTM20252024202320222021202020192018201720162015
VASGX
Vanguard LifeStrategy Growth Fund		3.69%4.09%6.15%3.00%2.10%3.54%3.54%2.34%4.36%2.13%2.23%4.54%
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

VWINX and VASGX have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

VASGX has higher volatility (3.14%) compared to VWINX (1.64%). In terms of maximum drawdown, VWINX dropped -21.72% vs VASGX's -51.16%.

VASGX currently has the higher Sharpe Ratio (2.49 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.

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