VWNEX vs. VTV
VWNEX (Vanguard Windsor Fund Admiral Shares) and VTV (Vanguard Value ETF) are both Large Cap Value Equities funds from Vanguard. VWNEX is actively managed, while VTV is passively managed. Over the past 10 years, VWNEX returned 12.22%/yr vs 12.57%/yr for VTV. Their correlation of 0.95 means they have usually moved in the same direction. VWNEX charges 0.18%/yr vs 0.04%/yr for VTV.
Performance
VWNEX vs. VTV - Performance Comparison
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Returns By Period
In the year-to-date period, VWNEX achieves a 12.28% return, which is significantly lower than VTV's 16.37% return. Both investments have delivered pretty close results over the past 10 years, with VWNEX having a 12.22% annualized return and VTV not far ahead at 12.57%.
VWNEX
- 1D
- 0.71%
- 1M
- 3.22%
- 6M
- 9.23%
- YTD
- 12.28%
- 1Y
- 23.98%
- 3Y*
- 12.84%
- 5Y*
- 10.79%
- 10Y*
- 12.22%
- ALL TIME*
- 8.74%
VTV
- 1D
- -0.27%
- 1M
- 1.18%
- 6M
- 11.27%
- YTD
- 16.37%
- 1Y
- 26.83%
- 3Y*
- 17.12%
- 5Y*
- 12.29%
- 10Y*
- 12.57%
- ALL TIME*
- 9.67%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $688.19M | $688.42M | $619.05M | |
| $0.00 | $0.00 | $0.00 |
VWNEX vs. VTV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VWNEX Vanguard Windsor Fund Admiral Shares | 12.28% | 13.40% | 9.64% | 15.11% | -3.05% | 27.92% | 7.45% | 30.53% | -12.39% | 18.19% |
VTV Vanguard Value ETF | 16.37% | 15.27% | 15.95% | 9.32% | -2.09% | 26.53% | 2.33% | 25.66% | -5.47% | 17.15% |
Correlation
The correlation between VWNEX and VTV is 0.84, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.84 |
Correlation (3Y) Balances recent behavior with more history. | 0.91 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.93 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.94 |
Correlation (All Time) Calculated using the full available price history since Jan 30, 2004 | 0.95 |
The correlation between VWNEX and VTV shifts across timeframes, from 0.84 (1 year) to 0.95 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
VWNEX vs. VTV — Risk / Return Rank
VWNEX
VTV
VWNEX vs. VTV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Windsor Fund Admiral Shares (VWNEX) and Vanguard Value ETF (VTV). 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.
| VWNEX | VTV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.82 | ||
| Sortino ratioReturn per unit of downside risk | -1.14 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.47 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 2.81 | 4.24 | -1.44 |
| Martin ratioReturn relative to average drawdown | 10.36 | 16.42 | -6.06 |
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Drawdowns
VWNEX vs. VTV - Drawdown Comparison
The maximum VWNEX drawdown since its inception was -61.41%, roughly equal to the maximum VTV drawdown of -59.27%. Use the drawdown chart below to compare losses from any high point for VWNEX and VTV.
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Drawdown Indicators
| VWNEX | VTV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.41% | -59.27% | -2.14% |
Max Drawdown (1Y)Largest decline over 1 year | -7.89% | -6.35% | -1.54% |
Max Drawdown (3Y)Largest decline over 3 years | -21.72% | -14.52% | -7.20% |
Max Drawdown (5Y)Largest decline over 5 years | -21.72% | -17.04% | -4.68% |
Max Drawdown (10Y)Largest decline over 10 years | -40.12% | -36.78% | -3.34% |
Current DrawdownCurrent decline from peak | -0.23% | -1.36% | +1.13% |
Average DrawdownAverage peak-to-trough decline | -9.79% | -7.82% | -1.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.15% | 1.64% | +0.51% |
Volatility
VWNEX vs. VTV - Volatility Comparison
Vanguard Windsor Fund Admiral Shares (VWNEX) has a higher volatility of 3.25% compared to Vanguard Value ETF (VTV) at 2.62%. This indicates that VWNEX's price experiences larger fluctuations and is considered to be riskier than VTV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VWNEX | VTV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.25% | 2.62% | +0.63% |
Volatility (6M)Calculated over the trailing 6-month period | 8.79% | 7.72% | +1.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.38% | 10.36% | +2.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.25% | 13.82% | +3.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.50% | 16.61% | +2.89% |
VWNEX vs. VTV - Expense Ratio Comparison
VWNEX has a 0.18% expense ratio, which is higher than VTV's 0.04% 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
VWNEX vs. VTV - Dividend Comparison
VWNEX's dividend yield for the trailing twelve months is around 6.94%, more than VTV's 1.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VTV Vanguard Value ETF | 1.86% | 2.05% | 2.31% | 2.46% | 2.52% | 2.15% | 2.56% | 2.50% | 2.73% | 2.29% | 2.44% | 2.60% |
VWNEX Vanguard Windsor Fund Admiral Shares | 6.94% | 7.90% | 12.60% | 8.34% | 15.50% | 11.57% | 8.47% | 10.36% | 13.30% | 3.56% | 4.99% | 8.62% |
Frequently Asked Questions
VWNEX and VTV have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VWNEX has higher volatility (3.25%) compared to VTV (2.62%). In terms of maximum drawdown, VWNEX dropped -61.41% vs VTV's -59.27%.
VTV currently has the higher Sharpe Ratio (2.62 vs 1.79), 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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