Vanguard High-Yield Corporate Fund Admiral Shares (VWEAX) belongs to the High Yield Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with VWEAX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to VWEAX
VWEAX charges 0.12% annually. There is 1 mutual fund in the High Yield Bonds category with a lower expense ratio, going as low as 0.02%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Federated Hermes High-Yield Strategy Portfolio | 0.02% | — | Dec 2008 | VWEAX vs FHYSX | |
| PIA High Yield (MACS) Fund | 0.20% | — | Dec 2017 | VWEAX vs PIAMX | |
| Vanguard High-Yield Corporate Fund Investor Shares | 0.22% | 25.80B | Dec 1978 | VWEAX vs VWEHX | |
| Six Circles Credit Opportunities Fund | 0.29% | — | Nov 2020 | VWEAX vs CRDOX | |
| American Funds American High-Income Trust® Class R... | 0.32% | — | Aug 2008 | VWEAX vs RITGX |
Best Risk-Adjusted Alternatives to VWEAX
VWEAX has a PortfoliosLab risk / return rank of 75. There are 70 mutual funds in the High Yield Bonds category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Pioneer ILS Interval Fund | 100 | — | Dec 2014 | VWEAX vs XILSX | |
| Cliffwater Corporate Lending Fund Class I Shares | 100 | — | Jun 2019 | VWEAX vs CCLFX | |
| RiverPark Short Term High Yield Fund | 100 | — | Sep 2010 | VWEAX vs RPHIX | |
| Intrepid Income Fund | 97 | — | Aug 2010 | VWEAX vs ICMUX | |
| Penn Capital Short Duration High Income Fund | 97 | — | Jul 2017 | VWEAX vs PSHNX |
Top Performing VWEAX Alternatives (YTD)
VWEAX is at 0.81% YTD. There are 150 mutual funds in the High Yield Bonds category with higher YTD returns, going as high as 10.04%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Pioneer ILS Interval Fund | 10.04% | — | Dec 2014 | VWEAX vs XILSX | |
| Fairholme Focused Income Fund | 9.48% | — | Dec 2009 | VWEAX vs FOCIX | |
| Fidelity Capital & Income Fund | 5.47% | — | Nov 1977 | VWEAX vs FAGIX | |
| Nuveen Global High Income Fund | 5.11% | — | Nov 2014 | VWEAX vs JGH | |
| Fidelity Advisor High Income Advantage Fund Class ... | 4.93% | — | Oct 2018 | VWEAX vs FIQTX |
Lowest Volatility Alternatives to VWEAX
VWEAX has 3.32% 1-year volatility. There are 100 mutual funds in the High Yield Bonds category with lower 1-year volatility, going as low as 0.83%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| RiverPark Short Term High Yield Fund | 0.83% | — | Sep 2010 | VWEAX vs RPHIX | |
| Cliffwater Corporate Lending Fund Class I Shares | 0.85% | — | Jun 2019 | VWEAX vs CCLFX | |
| Chartwell Short Duration High Yield Fund | 1.51% | — | Jul 2014 | VWEAX vs CWFIX | |
| Shenkman Capital Short Duration High Income Fund | 1.64% | — | Oct 2012 | VWEAX vs SCFIX | |
| Osterweis Strategic Income Fund | 1.77% | — | Aug 2002 | VWEAX vs OSTIX |
Lowest Drawdown Alternatives to VWEAX
VWEAX has a 1-year max drawdown of -2.52%. There are 110 mutual funds in the High Yield Bonds category with shallower 1-year drawdowns, going as shallow as -0.10%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| RiverPark Short Term High Yield Fund | -0.10% | — | Sep 2010 | VWEAX vs RPHIX | |
| Pioneer ILS Interval Fund | -0.10% | — | Dec 2014 | VWEAX vs XILSX | |
| Cliffwater Corporate Lending Fund Class I Shares | -0.19% | — | Jun 2019 | VWEAX vs CCLFX | |
| MainStay MacKay Short Duration High Yield Fund | -1.06% | — | Dec 2012 | VWEAX vs MDHVX | |
| Shenkman Capital Short Duration High Income Fund | -1.11% | — | Oct 2012 | VWEAX vs SCFIX |
Other Mutual Funds from Vanguard
The 10 most viewed Vanguard mutual funds shown here include VTSAX, VFIAX, VTIAX and span 8 categories. AUM among these funds goes as high as $2T.
Often Compared With VWEAX
Investors most often compare VWEAX with SPHY, FDHY, HYDB. These 20 comparison targets span 10 categories, based on PortfoliosLab usage data.
Compare VWEAX with Any Fund or Stock
Compare VWEAX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair VWEAX with funds that move differently
Vanguard High-Yield Corporate Fund Admiral Shares alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to VWEAX.
Explore VWEAX Diversifiers