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Vanguard High-Yield Corporate Fund Investor Shares...
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Fund Info

ISINUS9220312089
CUSIP922031208
IssuerVanguard
Inception DateDec 27, 1978
CategoryHigh Yield Bonds
Min. Investment$3,000
Home Pageadvisors.vanguard.com
Asset ClassBond

Expense Ratio

VWEHX has a high expense ratio of 0.23%, indicating higher-than-average management fees.


Expense ratio chart for VWEHX: current value at 0.23% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.23%

Share Price Chart


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Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Vanguard High-Yield Corporate Fund Investor Shares

Popular comparisons: VWEHX vs. JNK, VWEHX vs. PHB, VWEHX vs. BND, VWEHX vs. VTBIX, VWEHX vs. HYG, VWEHX vs. VBTLX, VWEHX vs. VCIT, VWEHX vs. VWAHX, VWEHX vs. VOO, VWEHX vs. JEPI

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Vanguard High-Yield Corporate Fund Investor Shares, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


1,000.00%1,200.00%1,400.00%1,600.00%1,800.00%2,000.00%2,200.00%December2024FebruaryMarchAprilMay
1,065.58%
2,138.06%
VWEHX (Vanguard High-Yield Corporate Fund Investor Shares)
Benchmark (^GSPC)

S&P 500

Returns By Period

Vanguard High-Yield Corporate Fund Investor Shares had a return of 0.71% year-to-date (YTD) and 8.89% in the last 12 months. Over the past 10 years, Vanguard High-Yield Corporate Fund Investor Shares had an annualized return of 4.01%, while the S&P 500 had an annualized return of 10.84%, indicating that Vanguard High-Yield Corporate Fund Investor Shares did not perform as well as the benchmark.


PeriodReturnBenchmark
Year-To-Date0.71%10.00%
1 month1.27%2.41%
6 months5.82%16.70%
1 year8.89%26.85%
5 years (annualized)3.64%12.81%
10 years (annualized)4.01%10.84%

Monthly Returns

The table below presents the monthly returns of VWEHX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2024-0.24%0.12%0.87%-0.98%0.71%
20233.39%-1.62%1.44%0.67%-0.84%1.28%1.08%0.12%-1.41%-0.64%4.47%3.36%11.67%
2022-2.71%-0.86%-0.69%-3.35%0.95%-6.37%6.34%-3.11%-3.79%2.68%2.63%-0.50%-9.04%
20210.03%0.02%-0.15%1.19%0.18%1.01%0.51%0.51%-0.16%-0.33%-0.84%1.70%3.69%
20200.09%-0.79%-9.96%3.87%3.75%0.23%4.52%0.57%-0.82%0.38%2.96%1.22%5.31%
20194.93%1.50%1.00%1.50%-1.08%2.72%0.45%0.96%0.43%0.61%0.59%1.29%15.82%
20180.21%-1.11%-0.57%0.46%-0.40%0.29%1.18%1.00%0.45%-1.58%-0.72%-2.14%-2.94%
20171.00%1.44%-0.22%1.30%0.96%0.27%1.13%0.12%0.77%0.09%-0.27%0.27%7.05%
2016-0.99%0.46%2.86%2.61%-0.05%0.80%2.04%1.66%0.62%0.29%-0.90%1.39%11.24%
20150.64%1.92%-1.01%0.95%0.30%-1.40%0.29%-0.88%-2.11%2.77%-1.45%-1.75%-1.83%
20140.67%1.92%0.15%0.62%0.95%0.60%-1.17%1.62%-1.84%1.97%-0.54%-0.36%4.61%
20130.67%0.30%0.82%1.62%-0.80%-2.96%1.85%-1.02%0.99%2.51%0.30%0.32%4.57%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current risk-adjusted rank of VWEHX is 76, placing it in the top 24% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.


The Risk-Adjusted Performance Rank of VWEHX is 7676
VWEHX (Vanguard High-Yield Corporate Fund Investor Shares)
The Sharpe Ratio Rank of VWEHX is 7171Sharpe Ratio Rank
The Sortino Ratio Rank of VWEHX is 8282Sortino Ratio Rank
The Omega Ratio Rank of VWEHX is 8181Omega Ratio Rank
The Calmar Ratio Rank of VWEHX is 6767Calmar Ratio Rank
The Martin Ratio Rank of VWEHX is 7979Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for Vanguard High-Yield Corporate Fund Investor Shares (VWEHX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.


VWEHX
Sharpe ratio
The chart of Sharpe ratio for VWEHX, currently valued at 1.89, compared to the broader market-1.000.001.002.003.004.001.89
Sortino ratio
The chart of Sortino ratio for VWEHX, currently valued at 3.17, compared to the broader market-2.000.002.004.006.008.0010.0012.003.17
Omega ratio
The chart of Omega ratio for VWEHX, currently valued at 1.40, compared to the broader market0.501.001.502.002.503.003.501.40
Calmar ratio
The chart of Calmar ratio for VWEHX, currently valued at 1.24, compared to the broader market0.002.004.006.008.0010.0012.001.24
Martin ratio
The chart of Martin ratio for VWEHX, currently valued at 8.43, compared to the broader market0.0020.0040.0060.008.43
^GSPC
Sharpe ratio
The chart of Sharpe ratio for ^GSPC, currently valued at 2.35, compared to the broader market-1.000.001.002.003.004.002.35
Sortino ratio
The chart of Sortino ratio for ^GSPC, currently valued at 3.33, compared to the broader market-2.000.002.004.006.008.0010.0012.003.33
Omega ratio
The chart of Omega ratio for ^GSPC, currently valued at 1.41, compared to the broader market0.501.001.502.002.503.003.501.41
Calmar ratio
The chart of Calmar ratio for ^GSPC, currently valued at 1.90, compared to the broader market0.002.004.006.008.0010.0012.001.90
Martin ratio
The chart of Martin ratio for ^GSPC, currently valued at 9.02, compared to the broader market0.0020.0040.0060.009.02

Sharpe Ratio

The current Vanguard High-Yield Corporate Fund Investor Shares Sharpe ratio is 1.89. This value is calculated based on the past 12 months of trading data and takes into account price changes and dividends.

Use the chart below to compare the Sharpe ratio of Vanguard High-Yield Corporate Fund Investor Shares with the selected benchmark, providing insights into the investment's historical performance in terms of risk-adjusted returns. Go to the Sharpe ratio tool for more fine-grained control over the calculation options.


Rolling 12-month Sharpe Ratio1.001.502.002.503.00December2024FebruaryMarchAprilMay
1.89
2.35
VWEHX (Vanguard High-Yield Corporate Fund Investor Shares)
Benchmark (^GSPC)

Dividends

Dividend History

Vanguard High-Yield Corporate Fund Investor Shares granted a 5.94% dividend yield in the last twelve months. The annual payout for that period amounted to $0.32 per share.


PeriodTTM20232022202120202019201820172016201520142013
Dividend$0.32$0.31$0.26$0.25$0.28$0.31$0.32$0.31$0.32$0.33$0.33$0.35

Dividend yield

5.94%5.69%5.11%4.13%4.62%5.24%5.93%5.28%5.43%5.91%5.59%5.79%

Monthly Dividends

The table displays the monthly dividend distributions for Vanguard High-Yield Corporate Fund Investor Shares. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2024$0.03$0.03$0.03$0.03$0.00$0.11
2023$0.02$0.02$0.02$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.31
2022$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.26
2021$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.25
2020$0.03$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.28
2019$0.03$0.02$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.02$0.03$0.31
2018$0.02$0.02$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.32
2017$0.03$0.02$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.02$0.03$0.31
2016$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.32
2015$0.03$0.03$0.01$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.05$0.33
2014$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.33
2013$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.35

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way.


-6.00%-5.00%-4.00%-3.00%-2.00%-1.00%0.00%December2024FebruaryMarchAprilMay
-0.19%
-0.15%
VWEHX (Vanguard High-Yield Corporate Fund Investor Shares)
Benchmark (^GSPC)

Worst Drawdowns

The table below displays the maximum drawdowns of the Vanguard High-Yield Corporate Fund Investor Shares. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Vanguard High-Yield Corporate Fund Investor Shares was 30.17%, occurring on Nov 24, 2008. Recovery took 202 trading sessions.

The current Vanguard High-Yield Corporate Fund Investor Shares drawdown is 0.19%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-30.17%Jun 4, 2007373Nov 24, 2008202Sep 15, 2009575
-19.69%Feb 21, 202022Mar 23, 202092Aug 3, 2020114
-13.94%Aug 2, 199058Oct 22, 1990119Apr 5, 1991177
-13.83%Jan 4, 2022186Sep 29, 2022304Dec 14, 2023490
-9.43%Apr 9, 1987146Oct 29, 198766Jan 29, 1988212

Volatility

Volatility Chart

The current Vanguard High-Yield Corporate Fund Investor Shares volatility is 0.99%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.


1.00%2.00%3.00%4.00%5.00%December2024FebruaryMarchAprilMay
0.99%
3.35%
VWEHX (Vanguard High-Yield Corporate Fund Investor Shares)
Benchmark (^GSPC)