VWTAX vs. PCM
VWTAX (Tomorrow's Scholar College Savings Plan - ING GNMA Income Fund) and PCM (PCM Fund Inc.) are both Mortgage Backed Securities funds. Over the past 3 years, VWTAX returned 3.25%/yr vs -5.76%/yr for PCM. At a 0.13 correlation, their price movements are largely independent.
Performance
VWTAX vs. PCM - Performance Comparison
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Returns By Period
In the year-to-date period, VWTAX achieves a 0.56% return, which is significantly higher than PCM's -3.64% return.
VWTAX
- 1D
- -0.28%
- 1M
- 0.56%
- YTD
- 0.56%
- 6M
- 0.46%
- 1Y
- 4.13%
- 3Y*
- 3.25%
- 5Y*
- —
- 10Y*
- —
PCM
- 1D
- 0.73%
- 1M
- -0.99%
- YTD
- -3.64%
- 6M
- -2.29%
- 1Y
- -0.12%
- 3Y*
- -5.76%
- 5Y*
- -4.21%
- 10Y*
- 5.07%
VWTAX vs. PCM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
VWTAX Tomorrow's Scholar College Savings Plan - ING GNMA Income Fund | 0.56% | 6.42% | 0.70% | 3.93% | -9.46% |
PCM PCM Fund Inc. | -3.64% | -10.10% | 8.81% | 12.44% | -19.54% |
Correlation
The correlation between VWTAX and PCM is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Mar 8, 2022 | 0.13 |
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Return for Risk
VWTAX vs. PCM — Risk / Return Rank
VWTAX
PCM
VWTAX vs. PCM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tomorrow's Scholar College Savings Plan - ING GNMA Income Fund (VWTAX) and PCM Fund Inc. (PCM). 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.
| VWTAX | PCM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.25 | ||
| Sortino ratioReturn per unit of downside risk | +1.83 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.01 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 1.85 | -0.01 | +1.86 |
| Martin ratioReturn relative to average drawdown | 5.82 | -0.02 | +5.84 |
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Drawdowns
VWTAX vs. PCM - Drawdown Comparison
The maximum VWTAX drawdown since its inception was -14.14%, smaller than the maximum PCM drawdown of -64.88%. Use the drawdown chart below to compare losses from any high point for VWTAX and PCM.
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Drawdown Indicators
| VWTAX | PCM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.14% | -64.88% | +50.74% |
Max Drawdown (1Y)Largest decline over 1 year | -2.55% | -12.81% | +10.26% |
Max Drawdown (3Y)Largest decline over 3 years | -7.19% | -29.62% | +22.43% |
Max Drawdown (5Y)Largest decline over 5 years | — | -29.62% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -47.69% | — |
Current DrawdownCurrent decline from peak | -1.19% | -22.39% | +21.20% |
Average DrawdownAverage peak-to-trough decline | -5.31% | -9.73% | +4.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.78% | 6.31% | -5.53% |
Volatility
VWTAX vs. PCM - Volatility Comparison
The current volatility for Tomorrow's Scholar College Savings Plan - ING GNMA Income Fund (VWTAX) is 1.32%, while PCM Fund Inc. (PCM) has a volatility of 2.18%. This indicates that VWTAX experiences smaller price fluctuations and is considered to be less risky than PCM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VWTAX | PCM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.32% | 2.18% | -0.86% |
Volatility (6M)Calculated over the trailing 6-month period | 2.79% | 7.95% | -5.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.80% | 11.36% | -7.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.36% | 20.33% | -13.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.36% | 22.71% | -16.35% |
Dividends
VWTAX vs. PCM - Dividend Comparison
VWTAX has not paid dividends to shareholders, while PCM's dividend yield for the trailing twelve months is around 13.91%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PCM PCM Fund Inc. | 13.91% | 12.56% | 12.47% | 12.06% | 12.20% | 8.96% | 8.95% | 8.38% | 9.46% | 8.47% | 14.60% | 10.39% |
VWTAX Tomorrow's Scholar College Savings Plan - ING GNMA Income Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
VWTAX and PCM have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PCM has higher volatility (2.18%) compared to VWTAX (1.32%). In terms of maximum drawdown, VWTAX dropped -14.14% vs PCM's -64.88%.
VWTAX currently has the higher Sharpe Ratio (1.24 vs -0.01), 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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