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FDHY vs. VWEAX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between FDHY and VWEAX is 0.47, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.


-0.50.00.51.0
Correlation: 0.5

Performance

FDHY vs. VWEAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity High Yield Factor ETF (FDHY) and Vanguard High-Yield Corporate Fund Admiral Shares (VWEAX). The values are adjusted to include any dividend payments, if applicable.

34.00%36.00%38.00%40.00%42.00%44.00%NovemberDecember2025FebruaryMarchApril
42.05%
36.51%
FDHY
VWEAX

Key characteristics

Sharpe Ratio

FDHY:

1.33

VWEAX:

2.48

Sortino Ratio

FDHY:

1.91

VWEAX:

3.82

Omega Ratio

FDHY:

1.27

VWEAX:

1.61

Calmar Ratio

FDHY:

1.40

VWEAX:

3.35

Martin Ratio

FDHY:

7.24

VWEAX:

13.63

Ulcer Index

FDHY:

1.02%

VWEAX:

0.64%

Daily Std Dev

FDHY:

5.56%

VWEAX:

3.51%

Max Drawdown

FDHY:

-20.01%

VWEAX:

-30.03%

Current Drawdown

FDHY:

-1.39%

VWEAX:

-0.39%

Returns By Period

In the year-to-date period, FDHY achieves a 0.92% return, which is significantly lower than VWEAX's 1.57% return.


FDHY

YTD

0.92%

1M

-0.46%

6M

1.51%

1Y

7.73%

5Y*

5.62%

10Y*

N/A

VWEAX

YTD

1.57%

1M

0.16%

6M

2.42%

1Y

9.08%

5Y*

5.54%

10Y*

4.52%

*Annualized

Compare stocks, funds, or ETFs

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


FDHY vs. VWEAX - Expense Ratio Comparison

FDHY has a 0.45% expense ratio, which is higher than VWEAX's 0.13% expense ratio.


Expense ratio chart for FDHY: current value is 0.45%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
FDHY: 0.45%
Expense ratio chart for VWEAX: current value is 0.13%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
VWEAX: 0.13%

Risk-Adjusted Performance

FDHY vs. VWEAX — Risk-Adjusted Performance Rank

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

FDHY
The Risk-Adjusted Performance Rank of FDHY is 8888
Overall Rank
The Sharpe Ratio Rank of FDHY is 8787
Sharpe Ratio Rank
The Sortino Ratio Rank of FDHY is 8787
Sortino Ratio Rank
The Omega Ratio Rank of FDHY is 8888
Omega Ratio Rank
The Calmar Ratio Rank of FDHY is 8888
Calmar Ratio Rank
The Martin Ratio Rank of FDHY is 8989
Martin Ratio Rank

VWEAX
The Risk-Adjusted Performance Rank of VWEAX is 9595
Overall Rank
The Sharpe Ratio Rank of VWEAX is 9595
Sharpe Ratio Rank
The Sortino Ratio Rank of VWEAX is 9595
Sortino Ratio Rank
The Omega Ratio Rank of VWEAX is 9494
Omega Ratio Rank
The Calmar Ratio Rank of VWEAX is 9696
Calmar Ratio Rank
The Martin Ratio Rank of VWEAX is 9696
Martin 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.

FDHY vs. VWEAX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity High Yield Factor ETF (FDHY) 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.


The chart of Sharpe ratio for FDHY, currently valued at 1.33, compared to the broader market-1.000.001.002.003.004.00
FDHY: 1.33
VWEAX: 2.48
The chart of Sortino ratio for FDHY, currently valued at 1.91, compared to the broader market-2.000.002.004.006.008.00
FDHY: 1.91
VWEAX: 3.82
The chart of Omega ratio for FDHY, currently valued at 1.27, compared to the broader market0.501.001.502.002.50
FDHY: 1.27
VWEAX: 1.61
The chart of Calmar ratio for FDHY, currently valued at 1.40, compared to the broader market0.002.004.006.008.0010.0012.00
FDHY: 1.40
VWEAX: 3.35
The chart of Martin ratio for FDHY, currently valued at 7.24, compared to the broader market0.0020.0040.0060.00
FDHY: 7.24
VWEAX: 13.63

The current FDHY Sharpe Ratio is 1.33, which is lower than the VWEAX Sharpe Ratio of 2.48. The chart below compares the historical Sharpe Ratios of FDHY and VWEAX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.501.001.502.002.503.003.504.00NovemberDecember2025FebruaryMarchApril
1.33
2.48
FDHY
VWEAX

Dividends

FDHY vs. VWEAX - Dividend Comparison

FDHY's dividend yield for the trailing twelve months is around 6.68%, more than VWEAX's 6.26% yield.


TTM20242023202220212020201920182017201620152014
FDHY
Fidelity High Yield Factor ETF
6.68%6.58%6.26%5.34%6.09%5.78%4.94%3.07%0.00%0.00%0.00%0.00%
VWEAX
Vanguard High-Yield Corporate Fund Admiral Shares
6.26%6.19%5.79%5.21%4.23%4.71%5.34%6.04%5.38%5.52%6.00%5.71%

Drawdowns

FDHY vs. VWEAX - Drawdown Comparison

The maximum FDHY drawdown since its inception was -20.01%, smaller than the maximum VWEAX drawdown of -30.03%. Use the drawdown chart below to compare losses from any high point for FDHY and VWEAX. For additional features, visit the drawdowns tool.


-5.00%-4.00%-3.00%-2.00%-1.00%0.00%NovemberDecember2025FebruaryMarchApril
-1.39%
-0.39%
FDHY
VWEAX

Volatility

FDHY vs. VWEAX - Volatility Comparison

Fidelity High Yield Factor ETF (FDHY) has a higher volatility of 3.95% compared to Vanguard High-Yield Corporate Fund Admiral Shares (VWEAX) at 1.95%. This indicates that FDHY's price experiences larger fluctuations and is considered to be riskier than VWEAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.50%1.00%1.50%2.00%2.50%3.00%3.50%4.00%NovemberDecember2025FebruaryMarchApril
3.95%
1.95%
FDHY
VWEAX