VWINX vs. VTMFX
Compare and contrast key facts about Vanguard Wellesley Income Fund Investor Shares (VWINX) and Vanguard Tax-Managed Balanced Fund Admiral Shares (VTMFX).
VWINX is managed by Vanguard. It was launched on Jul 1, 1970. VTMFX is managed by Blackrock. It was launched on Sep 6, 1994.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VWINX or VTMFX.
Key characteristics
| VWINX | VTMFX | |
|---|---|---|
| YTD Return | 8.20% | 13.22% |
| 1Y Return | 18.46% | 21.93% |
| 3Y Return (Ann) | -0.54% | 4.77% |
| 5Y Return (Ann) | 2.83% | 8.46% |
| 10Y Return (Ann) | 3.40% | 7.65% |
| Sharpe Ratio | 2.61 | 3.45 |
| Sortino Ratio | 4.03 | 4.95 |
| Omega Ratio | 1.55 | 1.69 |
| Calmar Ratio | 1.04 | 3.27 |
| Martin Ratio | 17.12 | 22.33 |
| Ulcer Index | 1.03% | 0.96% |
| Daily Std Dev | 6.72% | 6.24% |
| Max Drawdown | -24.01% | -28.49% |
| Current Drawdown | -1.59% | 0.00% |
Correlation
The correlation between VWINX and VTMFX is 0.71, 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.
Performance
VWINX vs. VTMFX - Performance Comparison
In the year-to-date period, VWINX achieves a 8.20% return, which is significantly lower than VTMFX's 13.22% return. Over the past 10 years, VWINX has underperformed VTMFX with an annualized return of 3.40%, while VTMFX has yielded a comparatively higher 7.65% 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. VTMFX - Expense Ratio Comparison
VWINX has a 0.23% expense ratio, which is higher than VTMFX's 0.09% 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. VTMFX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Wellesley Income Fund Investor Shares (VWINX) and Vanguard Tax-Managed Balanced Fund Admiral Shares (VTMFX). 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. VTMFX - Dividend Comparison
VWINX's dividend yield for the trailing twelve months is around 5.73%, more than VTMFX's 1.99% 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% |
VTMFX Vanguard Tax-Managed Balanced Fund Admiral Shares | 1.99% | 1.94% | 1.85% | 1.38% | 1.73% | 2.06% | 2.22% | 2.00% | 2.13% | 2.06% | 2.00% | 2.06% |
Drawdowns
VWINX vs. VTMFX - Drawdown Comparison
The maximum VWINX drawdown since its inception was -24.01%, smaller than the maximum VTMFX drawdown of -28.49%. Use the drawdown chart below to compare losses from any high point for VWINX and VTMFX. For additional features, visit the drawdowns tool.
Volatility
VWINX vs. VTMFX - Volatility Comparison
The current volatility for Vanguard Wellesley Income Fund Investor Shares (VWINX) is 1.53%, while Vanguard Tax-Managed Balanced Fund Admiral Shares (VTMFX) has a volatility of 1.98%. This indicates that VWINX experiences smaller price fluctuations and is considered to be less risky than VTMFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.