FDHY vs. VWEAX
Compare and contrast key facts about Fidelity High Yield Factor ETF (FDHY) and Vanguard High-Yield Corporate Fund Admiral Shares (VWEAX).
FDHY is an actively managed fund by Fidelity. It was launched on Jun 12, 2018. VWEAX is managed by Vanguard. It was launched on Nov 12, 2001.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FDHY or VWEAX.
Key characteristics
| FDHY | VWEAX | |
|---|---|---|
| YTD Return | 0.73% | -0.53% |
| 1Y Return | 7.87% | 7.94% |
| 3Y Return (Ann) | 0.93% | 1.42% |
| 5Y Return (Ann) | 4.27% | 3.40% |
| Sharpe Ratio | 1.27 | 1.70 |
| Daily Std Dev | 5.84% | 4.82% |
| Max Drawdown | -20.01% | -30.03% |
| Current Drawdown | -1.06% | -1.30% |
Correlation
The correlation between FDHY and VWEAX is 0.61, 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.
Performance
FDHY vs. VWEAX - Performance Comparison
In the year-to-date period, FDHY achieves a 0.73% return, which is significantly higher than VWEAX's -0.53% return. 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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FDHY vs. VWEAX - Expense Ratio Comparison
FDHY has a 0.45% expense ratio, which is higher than VWEAX's 0.13% expense ratio.
Risk-Adjusted Performance
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.
Dividends
FDHY vs. VWEAX - Dividend Comparison
FDHY's dividend yield for the trailing twelve months is around 6.00%, which matches VWEAX's 6.04% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDHY Fidelity High Yield Factor ETF | 6.00% | 6.26% | 5.34% | 6.09% | 5.78% | 4.94% | 3.07% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VWEAX Vanguard High-Yield Corporate Fund Admiral Shares | 6.04% | 5.79% | 5.21% | 4.23% | 4.71% | 5.34% | 6.04% | 5.38% | 5.52% | 6.00% | 5.71% | 5.89% |
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.
Volatility
FDHY vs. VWEAX - Volatility Comparison
Fidelity High Yield Factor ETF (FDHY) has a higher volatility of 1.47% compared to Vanguard High-Yield Corporate Fund Admiral Shares (VWEAX) at 1.14%. 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.