VWINX vs. VGWIX
VWINX (Vanguard Wellesley Income Fund Investor Shares) and VGWIX (Vanguard Global Wellesley Income Fund Investor Shares) are both Diversified Portfolio funds from Vanguard. Over the past 5 years, VWINX returned 4.15%/yr vs 5.05%/yr for VGWIX. Their correlation of 0.91 suggests significant overlap in exposure. VWINX charges 0.22%/yr vs 0.41%/yr for VGWIX.
Performance
VWINX vs. VGWIX - Performance Comparison
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Returns By Period
In the year-to-date period, VWINX achieves a 3.15% return, which is significantly lower than VGWIX's 4.34% return.
VWINX
- 1D
- -0.23%
- 1M
- 0.22%
- YTD
- 3.15%
- 6M
- 2.98%
- 1Y
- 9.70%
- 3Y*
- 8.65%
- 5Y*
- 4.15%
- 10Y*
- 5.81%
VGWIX
- 1D
- -0.04%
- 1M
- 0.28%
- YTD
- 4.34%
- 6M
- 4.34%
- 1Y
- 10.83%
- 3Y*
- 9.78%
- 5Y*
- 5.05%
- 10Y*
- —
VWINX vs. VGWIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VWINX Vanguard Wellesley Income Fund Investor Shares | 3.15% | 10.98% | 5.86% | 6.99% | -9.09% | 8.48% | 8.44% | 16.39% | -2.54% | 1.40% |
VGWIX Vanguard Global Wellesley Income Fund Investor Shares | 4.34% | 13.18% | 6.02% | 8.78% | -8.15% | 6.41% | 5.41% | 13.82% | -4.38% | 0.94% |
Correlation
The correlation between VWINX and VGWIX is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Oct 18, 2017 | 0.91 |
The correlation between VWINX and VGWIX has been stable across timeframes, ranging from 0.91 to 0.93 - a consistent structural relationship.
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Return for Risk
VWINX vs. VGWIX — Risk / Return Rank
VWINX
VGWIX
VWINX vs. VGWIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Wellesley Income Fund Investor Shares (VWINX) and Vanguard Global Wellesley Income Fund Investor Shares (VGWIX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| VWINX | VGWIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.19 | ||
| Sortino ratioReturn per unit of downside risk | -0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.41 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.45 | 2.42 | +0.02 |
| Martin ratioReturn relative to average drawdown | 9.19 | 9.12 | +0.07 |
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Drawdowns
VWINX vs. VGWIX - Drawdown Comparison
The maximum VWINX drawdown since its inception was -21.72%, which is greater than VGWIX's maximum drawdown of -17.74%. Use the drawdown chart below to compare losses from any high point for VWINX and VGWIX.
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Drawdown Indicators
| VWINX | VGWIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.72% | -17.74% | -3.98% |
Max Drawdown (1Y)Largest decline over 1 year | -4.16% | -4.59% | +0.43% |
Max Drawdown (3Y)Largest decline over 3 years | -6.98% | -5.35% | -1.63% |
Max Drawdown (5Y)Largest decline over 5 years | -15.30% | -15.95% | +0.65% |
Max Drawdown (10Y)Largest decline over 10 years | -17.43% | — | — |
Current DrawdownCurrent decline from peak | -0.58% | -0.54% | -0.04% |
Average DrawdownAverage peak-to-trough decline | -2.63% | -2.68% | +0.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.11% | 1.22% | -0.11% |
Volatility
VWINX vs. VGWIX - Volatility Comparison
Vanguard Wellesley Income Fund Investor Shares (VWINX) and Vanguard Global Wellesley Income Fund Investor Shares (VGWIX) have volatilities of 1.60% and 1.53%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VWINX | VGWIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.60% | 1.53% | +0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 3.93% | 4.23% | -0.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.21% | 5.18% | +0.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.99% | 6.26% | +0.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.93% | 6.79% | +0.14% |
VWINX vs. VGWIX - Expense Ratio Comparison
VWINX has a 0.22% expense ratio, which is lower than VGWIX's 0.41% expense ratio.
Dividends
VWINX vs. VGWIX - Dividend Comparison
VWINX's dividend yield for the trailing twelve months is around 7.80%, more than VGWIX's 3.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VGWIX Vanguard Global Wellesley Income Fund Investor Shares | 3.85% | 3.88% | 3.77% | 3.03% | 1.41% | 2.27% | 1.89% | 2.17% | 4.25% | 0.29% | 0.00% | 0.00% |
VWINX Vanguard Wellesley Income Fund Investor Shares | 7.80% | 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
With a correlation of 0.91, VWINX and VGWIX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
VWINX has higher volatility (1.60%) compared to VGWIX (1.53%). In terms of maximum drawdown, VWINX dropped -21.72% vs VGWIX's -17.74%.
VGWIX currently has the higher Sharpe Ratio (2.15 vs 1.96), 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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