VWNDX vs. VTTVX

Last updated Jun 4, 2026

VWNDX (Vanguard Windsor Fund Investor Shares) and VTTVX (Vanguard Target Retirement 2025 Fund) are both mutual funds - VWNDX is a Large Cap Value Equities fund managed by Vanguard, while VTTVX is a Diversified Portfolio fund managed by Vanguard. Over the past 10 years, VWNDX returned 11.76%/yr vs 7.99%/yr for VTTVX. Their correlation of 0.90 suggests significant overlap in exposure. VWNDX charges 0.30%/yr vs 0.08%/yr for VTTVX.

Performance

VWNDX vs. VTTVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Windsor Fund Investor Shares (VWNDX) and Vanguard Target Retirement 2025 Fund (VTTVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VWNDX achieves a 7.32% return, which is significantly higher than VTTVX's 6.82% return. Over the past 10 years, VWNDX has outperformed VTTVX with an annualized return of 11.76%, while VTTVX has yielded a comparatively lower 7.99% annualized return.

VWNDX

• 1D: 0.13%
• 1M: 3.33%
• YTD: 7.32%
• 6M: 8.87%
• 1Y: 21.42%
• 3Y*: 14.19%
• 5Y*: 9.21%
• 10Y*: 11.76%

VTTVX

• 1D: 0.19%
• 1M: 3.00%
• YTD: 6.82%
• 6M: 7.29%
• 1Y: 16.99%
• 3Y*: 12.88%
• 5Y*: 6.14%
• 10Y*: 7.99%

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

VWNDX vs. VTTVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VWNDX Vanguard Windsor Fund Investor Shares	7.32%	13.30%	9.53%	15.00%	-3.15%	27.77%	7.38%	30.39%	-12.48%	18.15%
VTTVX Vanguard Target Retirement 2025 Fund	6.82%	14.63%	9.23%	14.76%	-15.57%	9.78%	13.31%	19.63%	-5.14%	13.68%

Correlation

The correlation between VWNDX and VTTVX 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	0.76
Correlation (5Y) Calculated over the trailing 5-year period	0.82
Correlation (10Y) Calculated over the trailing 10-year period	0.83
Correlation (All Time) Calculated using the full available price history since Oct 28, 2003	0.90

The correlation between VWNDX and VTTVX shifts across timeframes, from 0.76 (1 year) to 0.90 (all time), reflecting how their relationship changes across market environments.

VWNDX vs. VTTVX - Sectors Allocation Comparison

Sectors	VWNDX	VTTVX
Financial Services	19.5%	16.1%
Healthcare	16.5%	8.3%
Technology	13.4%	27.4%
Industrials	10.6%	12.3%
Consumer Cyclical	8.4%	9.4%
Energy	8.0%	4.3%
Consumer Defensive	7.1%	4.8%
Basic Materials	5.3%	4.2%
Communication Services	5.2%	8.0%
Real Estate	3.5%	2.5%
Utilities	2.6%	2.7%

Return for Risk

VWNDX vs. VTTVX — Risk / Return Rank

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

VWNDX

VWNDX Risk / Return Rank: 45
VWNDX Sharpe Ratio Rank: 40
VWNDX Sortino Ratio Rank: 41
VWNDX Omega Ratio Rank: 38
VWNDX Calmar Ratio Rank: 55
VWNDX Martin Ratio Rank: 49

VTTVX

VTTVX Risk / Return Rank: 71
VTTVX Sharpe Ratio Rank: 75
VTTVX Sortino Ratio Rank: 75
VTTVX Omega Ratio Rank: 73
VTTVX Calmar Ratio Rank: 64
VTTVX Martin Ratio Rank: 70

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.

VWNDX vs. VTTVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Windsor Fund Investor Shares (VWNDX) and Vanguard Target Retirement 2025 Fund (VTTVX). 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.

	VWNDX	VTTVX	Difference
Sharpe ratio: Return per unit of total volatility	1.83	2.52	-0.68
Sortino ratio: Return per unit of downside risk	2.66	3.62	-0.96
Omega ratio: Gain probability vs. loss probability	1.33	1.48	-0.15
Calmar ratio: Return relative to maximum drawdown	2.86	3.09	-0.23
Martin ratio: Return relative to average drawdown	10.10	13.50	-3.39
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VWNDX vs. VTTVX - Sharpe Ratio Comparison

The current VWNDX Sharpe Ratio is 1.83, which is comparable to the VTTVX Sharpe Ratio of 2.52. The chart below compares the historical Sharpe Ratios of VWNDX and VTTVX, 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

	VWNDX	VTTVX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.83	2.52	-0.68
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.53	0.68	-0.14
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.60	0.81	-0.21
Sharpe Ratio (All Time) Calculated using the full available price history	0.48	0.57	-0.08

Drawdowns

VWNDX vs. VTTVX - Drawdown Comparison

The maximum VWNDX drawdown since its inception was -61.48%, which is greater than VTTVX's maximum drawdown of -46.03%. Use the drawdown chart below to compare losses from any high point for VWNDX and VTTVX.

Drawdown Indicators

	VWNDX	VTTVX	Difference
Max Drawdown Largest peak-to-trough decline	-61.48%	-46.03%	-15.45%
Max Drawdown (1Y) Largest decline over 1 year	-7.88%	-5.57%	-2.31%
Max Drawdown (3Y) Largest decline over 3 years	-21.69%	-7.84%	-13.85%
Max Drawdown (5Y) Largest decline over 5 years	-21.69%	-21.52%	-0.17%
Max Drawdown (10Y) Largest decline over 10 years	-40.12%	-22.51%	-17.61%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-8.92%	-5.05%	-3.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.22%	1.27%	+0.95%

Volatility

VWNDX vs. VTTVX - Volatility Comparison

Vanguard Windsor Fund Investor Shares (VWNDX) has a higher volatility of 2.91% compared to Vanguard Target Retirement 2025 Fund (VTTVX) at 2.24%. This indicates that VWNDX's price experiences larger fluctuations and is considered to be riskier than VTTVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VWNDX	VTTVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.91%	2.24%	+0.67%
Volatility (6M) Calculated over the trailing 6-month period	8.83%	5.53%	+3.30%
Volatility (1Y) Calculated over the trailing 1-year period	12.28%	6.83%	+5.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.32%	9.09%	+8.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.64%	9.94%	+9.70%

VWNDX vs. VTTVX - Expense Ratio Comparison

VWNDX has a 0.30% expense ratio, which is higher than VTTVX's 0.08% expense ratio.

Dividends

VWNDX vs. VTTVX - Dividend Comparison

VWNDX's dividend yield for the trailing twelve months is around 7.25%, more than VTTVX's 6.91% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VTTVX Vanguard Target Retirement 2025 Fund	6.91%	7.38%	7.63%	3.96%	2.96%	16.28%	4.35%	2.57%	3.14%	0.47%	2.68%	4.98%
VWNDX Vanguard Windsor Fund Investor Shares	7.25%	7.78%	12.48%	8.24%	15.38%	11.46%	8.37%	10.26%	13.15%	3.51%	4.89%	8.51%

Frequently Asked Questions

Can I hold both VWNDX and VTTVX in my portfolio?

VWNDX and VTTVX 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, VWNDX or VTTVX?

VWNDX has higher volatility (2.91%) compared to VTTVX (2.24%). In terms of maximum drawdown, VWNDX dropped -61.48% vs VTTVX's -46.03%.

Which has better risk-adjusted returns?

VTTVX currently has the higher Sharpe Ratio (2.52 vs 1.83), 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.