VWNFX vs. MALVX
VWNFX (Vanguard Windsor II Fund Investor Shares) and MALVX (BlackRock Advantage Large Cap Value Fund) are both Large Cap Value Equities funds. Over the past 10 years, VWNFX returned 12.88%/yr vs 12.99%/yr for MALVX. Their correlation of 0.93 means they have usually moved in the same direction. VWNFX charges 0.33%/yr vs 0.54%/yr for MALVX.
Performance
VWNFX vs. MALVX - Performance Comparison
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Returns By Period
In the year-to-date period, VWNFX achieves a 10.48% return, which is significantly lower than MALVX's 22.59% return. Both investments have delivered pretty close results over the past 10 years, with VWNFX having a 12.88% annualized return and MALVX not far ahead at 12.99%.
VWNFX
- 1D
- 0.29%
- 1M
- 1.96%
- 6M
- 7.51%
- YTD
- 10.48%
- 1Y
- 23.96%
- 3Y*
- 16.10%
- 5Y*
- 10.81%
- 10Y*
- 12.88%
- ALL TIME*
- 10.84%
MALVX
- 1D
- 0.97%
- 1M
- 1.94%
- 6M
- 17.40%
- YTD
- 22.59%
- 1Y
- 38.80%
- 3Y*
- 20.54%
- 5Y*
- 12.93%
- 10Y*
- 12.99%
- ALL TIME*
- 9.20%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
VWNFX vs. MALVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VWNFX Vanguard Windsor II Fund Investor Shares | 10.48% | 18.51% | 13.91% | 21.01% | -13.26% | 28.84% | 14.41% | 29.02% | -8.62% | 15.61% |
MALVX BlackRock Advantage Large Cap Value Fund | 22.59% | 18.38% | 15.39% | 13.74% | -8.68% | 26.51% | 3.91% | 24.74% | -7.74% | 15.82% |
Correlation
The correlation between VWNFX and MALVX is 0.87, 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. | 0.87 |
Correlation (3Y) Balances recent behavior with more history. | 0.90 |
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 Dec 22, 1999 | 0.93 |
The correlation between VWNFX and MALVX has been stable across timeframes, ranging from 0.87 to 0.94 - a consistent structural relationship.
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Return for Risk
VWNFX vs. MALVX — Risk / Return Rank
VWNFX
MALVX
VWNFX vs. MALVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Windsor II Fund Investor Shares (VWNFX) and BlackRock Advantage Large Cap Value Fund (MALVX). 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.
| VWNFX | MALVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.32 | ||
| Sortino ratioReturn per unit of downside risk | -1.82 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.58 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 2.74 | 5.55 | -2.81 |
| Martin ratioReturn relative to average drawdown | 11.17 | 25.78 | -14.61 |
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Drawdowns
VWNFX vs. MALVX - Drawdown Comparison
The maximum VWNFX drawdown since its inception was -57.57%, roughly equal to the maximum MALVX drawdown of -55.21%. Use the drawdown chart below to compare losses from any high point for VWNFX and MALVX.
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Drawdown Indicators
| VWNFX | MALVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.57% | -55.21% | -2.36% |
Max Drawdown (1Y)Largest decline over 1 year | -7.86% | -6.53% | -1.33% |
Max Drawdown (3Y)Largest decline over 3 years | -21.76% | -16.13% | -5.63% |
Max Drawdown (5Y)Largest decline over 5 years | -22.72% | -19.73% | -2.99% |
Max Drawdown (10Y)Largest decline over 10 years | -37.44% | -37.12% | -0.32% |
Current DrawdownCurrent decline from peak | -0.33% | -0.19% | -0.14% |
Average DrawdownAverage peak-to-trough decline | -7.45% | -8.70% | +1.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.93% | 1.41% | +0.52% |
Volatility
VWNFX vs. MALVX - Volatility Comparison
Vanguard Windsor II Fund Investor Shares (VWNFX) has a higher volatility of 3.36% compared to BlackRock Advantage Large Cap Value Fund (MALVX) at 2.77%. This indicates that VWNFX's price experiences larger fluctuations and is considered to be riskier than MALVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VWNFX | MALVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.36% | 2.77% | +0.59% |
Volatility (6M)Calculated over the trailing 6-month period | 8.52% | 8.90% | -0.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.51% | 11.35% | +0.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.99% | 14.78% | +2.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.53% | 17.25% | +1.28% |
VWNFX vs. MALVX - Expense Ratio Comparison
VWNFX has a 0.33% expense ratio, which is lower than MALVX's 0.54% expense ratio.
Dividends
VWNFX vs. MALVX - Dividend Comparison
VWNFX's dividend yield for the trailing twelve months is around 10.37%, less than MALVX's 10.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MALVX BlackRock Advantage Large Cap Value Fund | 10.57% | 9.23% | 14.33% | 2.84% | 5.96% | 17.48% | 1.68% | 3.92% | 12.95% | 0.43% | 1.38% | 1.01% |
VWNFX Vanguard Windsor II Fund Investor Shares | 10.37% | 11.46% | 10.50% | 5.11% | 7.26% | 7.83% | 7.31% | 10.06% | 11.38% | 7.34% | 8.08% | 7.96% |
Frequently Asked Questions
VWNFX and MALVX have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VWNFX has higher volatility (3.36%) compared to MALVX (2.77%). In terms of maximum drawdown, VWNFX dropped -57.57% vs MALVX's -55.21%.
MALVX currently has the higher Sharpe Ratio (3.20 vs 1.88), 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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