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VWNAX vs. VTIFX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VWNAX vs. VTIFX

Last updated Jun 9, 2026

VWNAX (Vanguard Windsor II Fund Admiral Shares) and VTIFX (Vanguard Total International Bond Index Fund Institutional Shares) are both mutual funds - VWNAX is a Large Cap Value Equities fund managed by Vanguard, while VTIFX is a Total Bond Market fund managed by Vanguard. Over the past 10 years, VWNAX returned 12.63%/yr vs 1.75%/yr for VTIFX. At a correlation of -0.06, they often move in opposite directions. VWNAX charges 0.26%/yr vs 0.07%/yr for VTIFX.

Performance

VWNAX vs. VTIFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Windsor II Fund Admiral Shares (VWNAX) and Vanguard Total International Bond Index Fund Institutional Shares (VTIFX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, VWNAX achieves a 6.06% return, which is significantly higher than VTIFX's 0.43% return. Over the past 10 years, VWNAX has outperformed VTIFX with an annualized return of 12.63%, while VTIFX has yielded a comparatively lower 1.75% annualized return.

VWNAX

1D
-1.32%
1M
0.73%
YTD
6.06%
6M
7.27%
1Y
21.24%
3Y*
17.18%
5Y*
10.19%
10Y*
12.63%

VTIFX

1D
-0.03%
1M
0.07%
YTD
0.43%
6M
0.78%
1Y
2.17%
3Y*
4.22%
5Y*
0.43%
10Y*
1.75%
*Multi-year figures are annualized to reflect compound growth (CAGR)

VWNAX vs. VTIFX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
VWNAX
Vanguard Windsor II Fund Admiral Shares		6.06%18.64%13.99%21.10%-13.18%28.95%14.49%29.16%-8.57%15.67%
VTIFX
Vanguard Total International Bond Index Fund Institutional Shares		0.43%3.02%3.91%9.04%-12.89%-2.20%4.59%7.89%2.99%2.43%

Correlation

The correlation between VWNAX and VTIFX is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.32

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

0.18

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

0.12

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

-0.03

Correlation (All Time)
Calculated using the full available price history since Jun 4, 2013

-0.06

The correlation between VWNAX and VTIFX shifts across timeframes, from -0.06 (all time) to 0.32 (1 year), reflecting how their relationship changes across market environments.

VWNAX vs. VTIFX - Sectors Allocation Comparison

Sectors
VWNAX
VTIFX

Technology

20.5%
100.0%

Financial Services

19.2%
0.0%

Healthcare

12.2%
0.0%

Industrials

10.1%
0.0%

Communication Services

8.1%
0.0%

Energy

7.0%
0.0%

Consumer Cyclical

6.9%

-

Consumer Defensive

4.8%

-

Basic Materials

4.7%

-

Utilities

2.2%
0.0%

Real Estate

0.5%
0.0%

Technology

VWNAX
20.5%
VTIFX
100.0%

Financial Services

VWNAX
19.2%
VTIFX
0.0%

Healthcare

VWNAX
12.2%
VTIFX
0.0%

Industrials

VWNAX
10.1%
VTIFX
0.0%

Communication Services

VWNAX
8.1%
VTIFX
0.0%

Energy

VWNAX
7.0%
VTIFX
0.0%

Consumer Cyclical

VWNAX
6.9%
VTIFX

-

Consumer Defensive

VWNAX
4.8%
VTIFX

-

Basic Materials

VWNAX
4.7%
VTIFX

-

Utilities

VWNAX
2.2%
VTIFX
0.0%

Real Estate

VWNAX
0.5%
VTIFX
0.0%

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Vanguard Windsor II Fund Admiral Shares

Vanguard Total International Bond Index Fund Institutional Shares

Often compared with VWNAX:
VWNAX vs. VOOVWNAX vs. VTVVWNAX vs. SPYVWNAX vs. VINIXVWNAX vs. VTHRXVWNAX vs. FIDKXVWNAX vs. FLPKX
Often compared with VTIFX:
VTIFX vs. BNDXVTIFX vs. VIIIXVTIFX vs. VTSNXVTIFX vs. VGSNXVTIFX vs. VOOVTIFX vs. VWIAXVTIFX vs. TISCX

Return for Risk

VWNAX vs. VTIFX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VWNAX
VWNAX Risk / Return Rank: 5454
Overall Rank
VWNAX Sharpe Ratio Rank: 5151
Sharpe Ratio Rank
VWNAX Sortino Ratio Rank: 5050
Sortino Ratio Rank
VWNAX Omega Ratio Rank: 4747
Omega Ratio Rank
VWNAX Calmar Ratio Rank: 6161
Calmar Ratio Rank
VWNAX Martin Ratio Rank: 6262
Martin Ratio Rank
VTIFX
VTIFX Risk / Return Rank: 99
Overall Rank
VTIFX Sharpe Ratio Rank: 99
Sharpe Ratio Rank
VTIFX Sortino Ratio Rank: 99
Sortino Ratio Rank
VTIFX Omega Ratio Rank: 99
Omega Ratio Rank
VTIFX Calmar Ratio Rank: 99
Calmar Ratio Rank
VTIFX Martin Ratio Rank: 88
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.

VWNAX vs. VTIFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Windsor II Fund Admiral Shares (VWNAX) and Vanguard Total International Bond Index Fund Institutional Shares (VTIFX). 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.

VWNAXVTIFXDifference
Sharpe ratioReturn per unit of total volatility
2.02
0.71

+1.31

Sortino ratioReturn per unit of downside risk
2.84
1.02

+1.82

Omega ratioGain probability vs. loss probability

1.36

1.13

+0.23

Calmar ratioReturn relative to maximum drawdown

2.89

0.74

+2.15

Martin ratioReturn relative to average drawdown

11.78

2.08

+9.70

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VWNAX vs. VTIFX - Sharpe Ratio Comparison

The current VWNAX Sharpe Ratio is 2.02, which is higher than the VTIFX Sharpe Ratio of 0.71. The chart below compares the historical Sharpe Ratios of VWNAX and VTIFX, 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

VWNAXVTIFXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.02

0.71

+1.31

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.60

0.10

+0.50

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.69

0.49

+0.20

Sharpe Ratio (All Time)

Calculated using the full available price history

0.46

0.73

-0.27

Drawdowns

VWNAX vs. VTIFX - Drawdown Comparison

The maximum VWNAX drawdown since its inception was -57.51%, which is greater than VTIFX's maximum drawdown of -16.07%. Use the drawdown chart below to compare losses from any high point for VWNAX and VTIFX.

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Drawdown Indicators

VWNAXVTIFXDifference

Max Drawdown

Largest peak-to-trough decline

-57.51%

-16.07%

-41.44%

Max Drawdown (1Y)

Largest decline over 1 year

-7.85%

-2.88%

-4.97%

Max Drawdown (3Y)

Largest decline over 3 years

-21.77%

-2.88%

-18.89%

Max Drawdown (5Y)

Largest decline over 5 years

-22.70%

-15.75%

-6.95%

Max Drawdown (10Y)

Largest decline over 10 years

-37.42%

-16.07%

-21.35%

Current Drawdown

Current decline from peak

-1.32%

-1.43%

+0.11%

Average Drawdown

Average peak-to-trough decline

-8.99%

-2.97%

-6.02%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.92%

1.03%

+0.89%

Volatility

VWNAX vs. VTIFX - Volatility Comparison

Vanguard Windsor II Fund Admiral Shares (VWNAX) has a higher volatility of 2.96% compared to Vanguard Total International Bond Index Fund Institutional Shares (VTIFX) at 1.24%. This indicates that VWNAX's price experiences larger fluctuations and is considered to be riskier than VTIFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

VWNAXVTIFXDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.96%

1.24%

+1.72%

Volatility (6M)

Calculated over the trailing 6-month period

8.37%

2.56%

+5.81%

Volatility (1Y)

Calculated over the trailing 1-year period

11.22%

3.04%

+8.18%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.02%

4.44%

+12.58%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.38%

3.60%

+14.78%

VWNAX vs. VTIFX - Expense Ratio Comparison

VWNAX has a 0.26% expense ratio, which is higher than VTIFX's 0.07% 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

VWNAX vs. VTIFX - Dividend Comparison

VWNAX's dividend yield for the trailing twelve months is around 10.89%, more than VTIFX's 4.52% yield.

PositionTTM20252024202320222021202020192018201720162015
VTIFX
Vanguard Total International Bond Index Fund Institutional Shares		4.52%4.40%4.38%4.60%1.52%3.73%1.12%3.42%3.03%2.29%1.84%1.68%
VWNAX
Vanguard Windsor II Fund Admiral Shares		10.89%11.55%10.59%5.19%7.36%7.92%7.39%10.15%11.48%7.38%8.17%8.05%

Frequently Asked Questions

VWNAX and VTIFX have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

VWNAX has higher volatility (2.96%) compared to VTIFX (1.24%). In terms of maximum drawdown, VWNAX dropped -57.51% vs VTIFX's -16.07%.

VWNAX currently has the higher Sharpe Ratio (2.02 vs 0.71), 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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