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FHAIX vs. VWEHX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between FHAIX and VWEHX is 0.51, 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.


-0.50.00.51.00.5

Performance

FHAIX vs. VWEHX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin High Income Fund (FHAIX) and Vanguard High-Yield Corporate Fund Investor Shares (VWEHX). The values are adjusted to include any dividend payments, if applicable.

-1.00%0.00%1.00%2.00%3.00%4.00%AugustSeptemberOctoberNovemberDecember2025
3.83%
3.89%
FHAIX
VWEHX

Key characteristics

Sharpe Ratio

FHAIX:

2.43

VWEHX:

2.56

Sortino Ratio

FHAIX:

4.06

VWEHX:

4.14

Omega Ratio

FHAIX:

1.96

VWEHX:

1.62

Calmar Ratio

FHAIX:

7.63

VWEHX:

4.37

Martin Ratio

FHAIX:

26.36

VWEHX:

13.81

Ulcer Index

FHAIX:

0.37%

VWEHX:

0.59%

Daily Std Dev

FHAIX:

3.98%

VWEHX:

3.18%

Max Drawdown

FHAIX:

-49.35%

VWEHX:

-30.17%

Current Drawdown

FHAIX:

0.00%

VWEHX:

-0.03%

Returns By Period

In the year-to-date period, FHAIX achieves a 1.15% return, which is significantly higher than VWEHX's 0.74% return. Over the past 10 years, FHAIX has outperformed VWEHX with an annualized return of 4.80%, while VWEHX has yielded a comparatively lower 4.50% annualized return.


FHAIX

YTD

1.15%

1M

1.15%

6M

3.83%

1Y

9.08%

5Y*

4.85%

10Y*

4.80%

VWEHX

YTD

0.74%

1M

1.26%

6M

3.89%

1Y

7.73%

5Y*

3.56%

10Y*

4.50%

*Annualized

Compare stocks, funds, or ETFs

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


FHAIX vs. VWEHX - Expense Ratio Comparison

FHAIX has a 0.77% expense ratio, which is higher than VWEHX's 0.23% expense ratio.


FHAIX
Franklin High Income Fund
Expense ratio chart for FHAIX: current value at 0.77% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.77%
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%

Risk-Adjusted Performance

FHAIX vs. VWEHX — Risk-Adjusted Performance Rank

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

FHAIX
The Risk-Adjusted Performance Rank of FHAIX is 9595
Overall Rank
The Sharpe Ratio Rank of FHAIX is 9292
Sharpe Ratio Rank
The Sortino Ratio Rank of FHAIX is 9393
Sortino Ratio Rank
The Omega Ratio Rank of FHAIX is 9696
Omega Ratio Rank
The Calmar Ratio Rank of FHAIX is 9696
Calmar Ratio Rank
The Martin Ratio Rank of FHAIX is 9696
Martin Ratio Rank

VWEHX
The Risk-Adjusted Performance Rank of VWEHX is 9393
Overall Rank
The Sharpe Ratio Rank of VWEHX is 9393
Sharpe Ratio Rank
The Sortino Ratio Rank of VWEHX is 9393
Sortino Ratio Rank
The Omega Ratio Rank of VWEHX is 9393
Omega Ratio Rank
The Calmar Ratio Rank of VWEHX is 9393
Calmar Ratio Rank
The Martin Ratio Rank of VWEHX is 9292
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.

FHAIX vs. VWEHX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin High Income Fund (FHAIX) 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.


Sharpe ratio
The chart of Sharpe ratio for FHAIX, currently valued at 2.43, compared to the broader market-1.000.001.002.003.004.002.432.56
The chart of Sortino ratio for FHAIX, currently valued at 4.06, compared to the broader market0.005.0010.004.064.14
The chart of Omega ratio for FHAIX, currently valued at 1.96, compared to the broader market1.002.003.004.001.961.62
The chart of Calmar ratio for FHAIX, currently valued at 7.63, compared to the broader market0.005.0010.0015.0020.007.634.37
The chart of Martin ratio for FHAIX, currently valued at 26.36, compared to the broader market0.0020.0040.0060.0080.0026.3613.81
FHAIX
VWEHX

The current FHAIX Sharpe Ratio is 2.43, which is comparable to the VWEHX Sharpe Ratio of 2.56. The chart below compares the historical Sharpe Ratios of FHAIX and VWEHX, 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 Ratio2.002.503.003.504.00AugustSeptemberOctoberNovemberDecember2025
2.43
2.56
FHAIX
VWEHX

Dividends

FHAIX vs. VWEHX - Dividend Comparison

FHAIX's dividend yield for the trailing twelve months is around 5.74%, less than VWEHX's 6.08% yield.


TTM20242023202220212020201920182017201620152014
FHAIX
Franklin High Income Fund
5.74%6.38%6.16%6.09%4.95%5.21%5.48%6.05%5.32%6.15%7.17%6.36%
VWEHX
Vanguard High-Yield Corporate Fund Investor Shares
6.08%6.13%5.68%5.11%4.15%4.62%5.25%5.93%5.30%5.39%5.88%5.59%

Drawdowns

FHAIX vs. VWEHX - Drawdown Comparison

The maximum FHAIX drawdown since its inception was -49.35%, which is greater than VWEHX's maximum drawdown of -30.17%. Use the drawdown chart below to compare losses from any high point for FHAIX and VWEHX. For additional features, visit the drawdowns tool.


-1.20%-1.00%-0.80%-0.60%-0.40%-0.20%0.00%AugustSeptemberOctoberNovemberDecember20250
-0.03%
FHAIX
VWEHX

Volatility

FHAIX vs. VWEHX - Volatility Comparison

Franklin High Income Fund (FHAIX) has a higher volatility of 1.15% compared to Vanguard High-Yield Corporate Fund Investor Shares (VWEHX) at 0.92%. This indicates that FHAIX'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.


0.60%0.80%1.00%1.20%1.40%1.60%AugustSeptemberOctoberNovemberDecember2025
1.15%
0.92%
FHAIX
VWEHX
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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