BRHYX vs. VWEAX
BRHYX (BlackRock High Yield K) and VWEAX (Vanguard High-Yield Corporate Fund Admiral Shares) are both High Yield Bonds funds. Over the past 10 years, BRHYX returned 5.68%/yr vs 4.94%/yr for VWEAX. Their correlation of 0.80 means they have usually moved in the same direction. BRHYX charges 0.48%/yr vs 0.12%/yr for VWEAX.
Performance
BRHYX vs. VWEAX - Performance Comparison
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Returns By Period
In the year-to-date period, BRHYX achieves a 1.22% return, which is significantly higher than VWEAX's 0.63% return. Over the past 10 years, BRHYX has outperformed VWEAX with an annualized return of 5.68%, while VWEAX has yielded a comparatively lower 4.94% annualized return.
BRHYX
- 1D
- 0.00%
- 1M
- -0.84%
- 6M
- 0.65%
- YTD
- 1.22%
- 1Y
- 5.26%
- 3Y*
- 8.65%
- 5Y*
- 4.12%
- 10Y*
- 5.68%
- ALL TIME*
- 6.74%
VWEAX
- 1D
- -0.18%
- 1M
- -0.91%
- 6M
- 0.28%
- YTD
- 0.63%
- 1Y
- 4.42%
- 3Y*
- 7.64%
- 5Y*
- 3.79%
- 10Y*
- 4.94%
- ALL TIME*
- 5.98%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
BRHYX vs. VWEAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BRHYX BlackRock High Yield K | 1.22% | 9.44% | 8.65% | 13.26% | -11.18% | 5.47% | 5.98% | 15.65% | -2.67% | 8.34% |
VWEAX Vanguard High-Yield Corporate Fund Admiral Shares | 0.63% | 9.49% | 6.42% | 11.79% | -8.95% | 3.04% | 5.41% | 15.92% | -2.80% | 7.17% |
Correlation
The correlation between BRHYX and VWEAX is 0.83, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.83 |
Correlation (3Y) Balances recent behavior with more history. | 0.82 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.87 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.85 |
Correlation (All Time) Calculated using the full available price history since Nov 12, 2001 | 0.80 |
The correlation between BRHYX and VWEAX has been stable across timeframes, ranging from 0.80 to 0.87 - a consistent structural relationship.
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Return for Risk
BRHYX vs. VWEAX — Risk / Return Rank
BRHYX
VWEAX
BRHYX vs. VWEAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock High Yield K (BRHYX) and Vanguard High-Yield Corporate Fund Admiral Shares (VWEAX). 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.
| BRHYX | VWEAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.09 | ||
| Sortino ratioReturn per unit of downside risk | +0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.31 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.08 | 1.76 | +0.32 |
| Martin ratioReturn relative to average drawdown | 9.74 | 8.39 | +1.35 |
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Drawdowns
BRHYX vs. VWEAX - Drawdown Comparison
The maximum BRHYX drawdown since its inception was -34.77%, which is greater than VWEAX's maximum drawdown of -30.05%. Use the drawdown chart below to compare losses from any high point for BRHYX and VWEAX.
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Drawdown Indicators
| BRHYX | VWEAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.77% | -30.05% | -4.72% |
Max Drawdown (1Y)Largest decline over 1 year | -2.40% | -2.52% | +0.12% |
Max Drawdown (3Y)Largest decline over 3 years | -4.07% | -3.32% | -0.75% |
Max Drawdown (5Y)Largest decline over 5 years | -15.29% | -13.77% | -1.52% |
Max Drawdown (10Y)Largest decline over 10 years | -23.20% | -19.68% | -3.52% |
Current DrawdownCurrent decline from peak | -0.98% | -1.09% | +0.11% |
Average DrawdownAverage peak-to-trough decline | -2.72% | -2.11% | -0.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.51% | 0.53% | -0.02% |
Volatility
BRHYX vs. VWEAX - Volatility Comparison
BlackRock High Yield K (BRHYX) and Vanguard High-Yield Corporate Fund Admiral Shares (VWEAX) have volatilities of 0.70% and 0.70%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BRHYX | VWEAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.70% | 0.70% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 2.77% | 2.70% | +0.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.51% | 3.32% | +0.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.27% | 4.93% | +0.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.88% | 5.25% | +0.63% |
BRHYX vs. VWEAX - Expense Ratio Comparison
BRHYX has a 0.48% expense ratio, which is higher than VWEAX's 0.12% expense ratio.
Dividends
BRHYX vs. VWEAX - Dividend Comparison
BRHYX's dividend yield for the trailing twelve months is around 6.62%, more than VWEAX's 5.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BRHYX BlackRock High Yield K | 6.62% | 7.14% | 7.56% | 6.20% | 4.98% | 4.80% | 5.22% | 5.82% | 6.48% | 5.92% | 6.03% | 6.42% |
VWEAX Vanguard High-Yield Corporate Fund Admiral Shares | 5.88% | 6.25% | 6.20% | 5.79% | 5.21% | 3.49% | 4.71% | 5.33% | 6.07% | 5.39% | 5.51% | 6.53% |
Frequently Asked Questions
BRHYX and VWEAX have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VWEAX has higher volatility (0.70%) compared to BRHYX (0.70%). In terms of maximum drawdown, BRHYX dropped -34.77% vs VWEAX's -30.05%.
BRHYX currently has the higher Sharpe Ratio (1.44 vs 1.35), 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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