FPIOX vs. VWEHX
FPIOX (Strategic Advisers Income Opportunities Fund) and VWEHX (Vanguard High-Yield Corporate Fund Investor Shares) are both High Yield Bonds funds. Over the past 10 years, FPIOX returned 4.95%/yr vs 4.80%/yr for VWEHX. Their correlation of 0.82 means they have usually moved in the same direction. FPIOX charges 0.49%/yr vs 0.22%/yr for VWEHX.
Performance
FPIOX vs. VWEHX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FPIOX achieves a 1.14% return, which is significantly higher than VWEHX's 0.95% return. Both investments have delivered pretty close results over the past 10 years, with FPIOX having a 4.95% annualized return and VWEHX not far behind at 4.80%.
FPIOX
- 1D
- 0.34%
- 1M
- -0.56%
- 6M
- 1.02%
- YTD
- 1.14%
- 1Y
- 4.29%
- 3Y*
- 7.72%
- 5Y*
- 3.50%
- 10Y*
- 4.95%
- ALL TIME*
- 5.27%
VWEHX
- 1D
- 0.37%
- 1M
- -0.55%
- 6M
- 0.61%
- YTD
- 0.95%
- 1Y
- 4.52%
- 3Y*
- 7.73%
- 5Y*
- 3.76%
- 10Y*
- 4.80%
- ALL TIME*
- 4.73%
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 |
FPIOX vs. VWEHX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FPIOX Strategic Advisers Income Opportunities Fund | 1.14% | 8.47% | 7.89% | 11.85% | -11.84% | 5.35% | 5.64% | 14.77% | -3.53% | 8.21% |
VWEHX Vanguard High-Yield Corporate Fund Investor Shares | 0.95% | 9.38% | 6.33% | 11.66% | -9.04% | 2.97% | 5.30% | 15.81% | -2.93% | 7.05% |
Correlation
The correlation between FPIOX and VWEHX is 0.70, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.70 |
Correlation (3Y) Balances recent behavior with more history. | 0.77 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.85 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.83 |
Correlation (All Time) Calculated using the full available price history since Sep 28, 2007 | 0.82 |
The correlation between FPIOX and VWEHX shifts across timeframes, from 0.70 (1 year) to 0.85 (5 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FPIOX vs. VWEHX — Risk / Return Rank
FPIOX
VWEHX
FPIOX vs. VWEHX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Strategic Advisers Income Opportunities Fund (FPIOX) 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.
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.
| FPIOX | VWEHX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.33 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.86 | 1.88 | -0.02 |
| Martin ratioReturn relative to average drawdown | 8.17 | 8.89 | -0.72 |
Loading charts...
Drawdowns
FPIOX vs. VWEHX - Drawdown Comparison
The maximum FPIOX drawdown since its inception was -36.95%, which is greater than VWEHX's maximum drawdown of -30.17%. Use the drawdown chart below to compare losses from any high point for FPIOX and VWEHX.
Loading charts...
Drawdown Indicators
| FPIOX | VWEHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.95% | -30.17% | -6.78% |
Max Drawdown (1Y)Largest decline over 1 year | -2.66% | -2.52% | -0.14% |
Max Drawdown (3Y)Largest decline over 3 years | -3.92% | -3.33% | -0.59% |
Max Drawdown (5Y)Largest decline over 5 years | -15.14% | -13.83% | -1.31% |
Max Drawdown (10Y)Largest decline over 10 years | -21.77% | -19.69% | -2.08% |
Current DrawdownCurrent decline from peak | -0.78% | -0.73% | -0.05% |
Average DrawdownAverage peak-to-trough decline | -3.62% | -4.28% | +0.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.57% | 0.53% | +0.04% |
Volatility
FPIOX vs. VWEHX - Volatility Comparison
The current volatility for Strategic Advisers Income Opportunities Fund (FPIOX) is 0.76%, while Vanguard High-Yield Corporate Fund Investor Shares (VWEHX) has a volatility of 0.81%. This indicates that FPIOX experiences smaller price fluctuations and is considered to be less risky than VWEHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FPIOX | VWEHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.76% | 0.81% | -0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 2.75% | 2.69% | +0.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.46% | 3.29% | +0.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.11% | 4.92% | +0.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.50% | 5.24% | +0.26% |
FPIOX vs. VWEHX - Expense Ratio Comparison
FPIOX has a 0.49% expense ratio, which is higher than VWEHX's 0.22% expense ratio.
Dividends
FPIOX vs. VWEHX - Dividend Comparison
FPIOX's dividend yield for the trailing twelve months is around 4.45%, less than VWEHX's 5.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FPIOX Strategic Advisers Income Opportunities Fund | 4.45% | 5.34% | 5.81% | 5.52% | 4.34% | 4.70% | 5.20% | 5.53% | 5.48% | 5.02% | 5.88% | 6.58% |
VWEHX Vanguard High-Yield Corporate Fund Investor Shares | 5.76% | 6.15% | 6.11% | 5.68% | 5.11% | 3.43% | 4.62% | 5.24% | 5.94% | 5.29% | 5.41% | 6.42% |
Frequently Asked Questions
FPIOX and VWEHX have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VWEHX has higher volatility (0.81%) compared to FPIOX (0.76%). In terms of maximum drawdown, FPIOX dropped -36.95% vs VWEHX's -30.17%.
VWEHX currently has the higher Sharpe Ratio (1.44 vs 1.43), 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.
Find the right allocation for FPIOX and VWEHX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer