BHYIX vs. VWEHX
Compare and contrast key facts about BlackRock High Yield Bond Portfolio Institutional Shares (BHYIX) and Vanguard High-Yield Corporate Fund Investor Shares (VWEHX).
BHYIX is managed by Blackrock. It was launched on Nov 19, 1998. VWEHX is managed by Vanguard. It was launched on Dec 27, 1978.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BHYIX or VWEHX.
Key characteristics
| BHYIX | VWEHX | |
|---|---|---|
| YTD Return | 8.47% | 6.23% |
| 1Y Return | 15.01% | 12.69% |
| 3Y Return (Ann) | 3.52% | 2.81% |
| 5Y Return (Ann) | 4.77% | 3.74% |
| 10Y Return (Ann) | 4.56% | 4.43% |
| Sharpe Ratio | 4.07 | 3.51 |
| Sortino Ratio | 7.07 | 6.06 |
| Omega Ratio | 2.08 | 1.92 |
| Calmar Ratio | 3.69 | 2.97 |
| Martin Ratio | 33.83 | 22.65 |
| Ulcer Index | 0.44% | 0.56% |
| Daily Std Dev | 3.69% | 3.63% |
| Max Drawdown | -34.81% | -30.17% |
| Current Drawdown | 0.00% | -0.39% |
Correlation
The correlation between BHYIX and VWEHX is 0.79, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
BHYIX vs. VWEHX - Performance Comparison
In the year-to-date period, BHYIX achieves a 8.47% return, which is significantly higher than VWEHX's 6.23% return. Both investments have delivered pretty close results over the past 10 years, with BHYIX having a 4.56% annualized return and VWEHX not far behind at 4.43%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BHYIX vs. VWEHX - Expense Ratio Comparison
BHYIX has a 0.59% expense ratio, which is higher than VWEHX's 0.23% expense ratio.
Risk-Adjusted Performance
BHYIX vs. VWEHX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock High Yield Bond Portfolio Institutional Shares (BHYIX) and Vanguard High-Yield Corporate Fund Investor Shares (VWEHX). 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.
Dividends
BHYIX vs. VWEHX - Dividend Comparison
BHYIX's dividend yield for the trailing twelve months is around 6.92%, more than VWEHX's 6.02% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BHYIX BlackRock High Yield Bond Portfolio Institutional Shares | 6.92% | 6.68% | 5.86% | 4.74% | 5.12% | 5.56% | 6.19% | 5.63% | 5.60% | 5.69% | 5.93% | 6.10% |
VWEHX Vanguard High-Yield Corporate Fund Investor Shares | 6.02% | 5.68% | 5.11% | 4.15% | 4.62% | 5.25% | 5.93% | 5.30% | 5.39% | 5.88% | 5.59% | 5.79% |
Drawdowns
BHYIX vs. VWEHX - Drawdown Comparison
The maximum BHYIX drawdown since its inception was -34.81%, which is greater than VWEHX's maximum drawdown of -30.17%. Use the drawdown chart below to compare losses from any high point for BHYIX and VWEHX. For additional features, visit the drawdowns tool.
Volatility
BHYIX vs. VWEHX - Volatility Comparison
BlackRock High Yield Bond Portfolio Institutional Shares (BHYIX) has a higher volatility of 0.73% compared to Vanguard High-Yield Corporate Fund Investor Shares (VWEHX) at 0.68%. This indicates that BHYIX's price experiences larger fluctuations and is considered to be riskier than VWEHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.