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VWTAX vs. PCM
Performance
Return for Risk
Drawdowns
Volatility
Dividends

Performance

VWTAX vs. PCM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tomorrow's Scholar College Savings Plan - ING GNMA Income Fund (VWTAX) and PCM Fund Inc. (PCM). The values are adjusted to include any dividend payments, if applicable.

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

VWTAX vs. PCM - Yearly Performance Comparison


2026 (YTD)2025202420232022
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

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

VWTAX
VWTAX Risk / Return Rank: 2525
Overall Rank
VWTAX Sharpe Ratio Rank: 2222
Sharpe Ratio Rank
VWTAX Sortino Ratio Rank: 2525
Sortino Ratio Rank
VWTAX Omega Ratio Rank: 2222
Omega Ratio Rank
VWTAX Calmar Ratio Rank: 2828
Calmar Ratio Rank
VWTAX Martin Ratio Rank: 2727
Martin Ratio Rank

PCM
PCM Risk / Return Rank: 33
Overall Rank
PCM Sharpe Ratio Rank: 33
Sharpe Ratio Rank
PCM Sortino Ratio Rank: 33
Sortino Ratio Rank
PCM Omega Ratio Rank: 33
Omega Ratio Rank
PCM Calmar Ratio Rank: 33
Calmar Ratio Rank
PCM Martin Ratio Rank: 33
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.

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.


VWTAXPCMDifference
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

VWTAX vs. PCM - Sharpe Ratio Comparison

The current VWTAX Sharpe Ratio is 1.24, which is higher than the PCM Sharpe Ratio of -0.01. The chart below compares the historical Sharpe Ratios of VWTAX and PCM, 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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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


VWTAXPCMDifference

Max Drawdown

Largest 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 Drawdown

Current decline from peak

-1.19%

-22.39%

+21.20%

Average Drawdown

Average peak-to-trough decline

-5.31%

-9.73%

+4.42%

Ulcer Index

Depth 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


VWTAXPCMDifference

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%.


PositionTTM20252024202320222021202020192018201720162015
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.

Portfolio Optimizer

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