HDCTX vs. VHYAX

Last updated Jun 4, 2026

HDCTX (Rational Equity Armor Fund) and VHYAX (Vanguard High Dividend Yield Index Fund Admiral Shares) are both Large Cap Value Equities funds. Over the past 5 years, HDCTX returned 7.04%/yr vs 11.62%/yr for VHYAX. A 0.74 correlation means they provide meaningful diversification when combined. HDCTX charges 1.17%/yr vs 0.08%/yr for VHYAX.

Performance

HDCTX vs. VHYAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Rational Equity Armor Fund (HDCTX) and Vanguard High Dividend Yield Index Fund Admiral Shares (VHYAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HDCTX achieves a 11.26% return, which is significantly lower than VHYAX's 12.92% return.

HDCTX

• 1D: 0.34%
• 1M: 4.63%
• YTD: 11.26%
• 6M: 8.64%
• 1Y: 21.27%
• 3Y*: 16.02%
• 5Y*: 7.04%
• 10Y*: 5.66%

VHYAX

• 1D: 1.21%
• 1M: 3.83%
• YTD: 12.92%
• 6M: 12.47%
• 1Y: 26.66%
• 3Y*: 19.01%
• 5Y*: 11.62%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

HDCTX vs. VHYAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
HDCTX Rational Equity Armor Fund	11.26%	12.64%	16.85%	2.95%	-10.68%	14.52%	15.85%	2.53%
VHYAX Vanguard High Dividend Yield Index Fund Admiral Shares	12.92%	15.39%	17.39%	6.68%	-0.45%	26.08%	1.06%	16.67%

Correlation

The correlation between HDCTX and VHYAX is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.56
Correlation (3Y) Calculated over the trailing 3-year period	0.59
Correlation (5Y) Calculated over the trailing 5-year period	0.71
Correlation (All Time) Calculated using the full available price history since Feb 8, 2019	0.74

The correlation between HDCTX and VHYAX shifts across timeframes, from 0.56 (1 year) to 0.74 (all time), reflecting how their relationship changes across market environments.

Return for Risk

HDCTX vs. VHYAX — Risk / Return Rank

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

HDCTX

HDCTX Risk / Return Rank: 57
HDCTX Sharpe Ratio Rank: 61
HDCTX Sortino Ratio Rank: 64
HDCTX Omega Ratio Rank: 55
HDCTX Calmar Ratio Rank: 65
HDCTX Martin Ratio Rank: 38

VHYAX

VHYAX Risk / Return Rank: 81
VHYAX Sharpe Ratio Rank: 84
VHYAX Sortino Ratio Rank: 81
VHYAX Omega Ratio Rank: 74
VHYAX Calmar Ratio Rank: 86
VHYAX Martin Ratio Rank: 83

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HDCTX vs. VHYAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Rational Equity Armor Fund (HDCTX) and Vanguard High Dividend Yield Index Fund Admiral Shares (VHYAX). 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.

	HDCTX	VHYAX	Difference
Sharpe ratio: Return per unit of total volatility	2.30	2.69	-0.39
Sortino ratio: Return per unit of downside risk	3.36	3.82	-0.46
Omega ratio: Gain probability vs. loss probability	1.41	1.49	-0.08
Calmar ratio: Return relative to maximum drawdown	3.11	4.11	-1.00
Martin ratio: Return relative to average drawdown	8.25	15.57	-7.32
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HDCTX vs. VHYAX - Sharpe Ratio Comparison

The current HDCTX Sharpe Ratio is 2.30, which is comparable to the VHYAX Sharpe Ratio of 2.69. The chart below compares the historical Sharpe Ratios of HDCTX and VHYAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	HDCTX	VHYAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.30	2.69	-0.39
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.66	0.83	-0.17
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.49	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.40	0.72	-0.32

Drawdowns

HDCTX vs. VHYAX - Drawdown Comparison

The maximum HDCTX drawdown since its inception was -59.05%, which is greater than VHYAX's maximum drawdown of -35.14%. Use the drawdown chart below to compare losses from any high point for HDCTX and VHYAX.

Drawdown Indicators

	HDCTX	VHYAX	Difference
Max Drawdown Largest peak-to-trough decline	-59.05%	-35.14%	-23.91%
Max Drawdown (1Y) Largest decline over 1 year	-6.95%	-6.75%	-0.20%
Max Drawdown (3Y) Largest decline over 3 years	-11.74%	-14.42%	+2.68%
Max Drawdown (5Y) Largest decline over 5 years	-18.22%	-15.87%	-2.35%
Max Drawdown (10Y) Largest decline over 10 years	-19.43%	—	—
Current Drawdown Current decline from peak	-0.83%	0.00%	-0.83%
Average Drawdown Average peak-to-trough decline	-6.41%	-3.77%	-2.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.61%	1.78%	+0.83%

Volatility

HDCTX vs. VHYAX - Volatility Comparison

Rational Equity Armor Fund (HDCTX) has a higher volatility of 3.84% compared to Vanguard High Dividend Yield Index Fund Admiral Shares (VHYAX) at 2.93%. This indicates that HDCTX's price experiences larger fluctuations and is considered to be riskier than VHYAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HDCTX	VHYAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.84%	2.93%	+0.91%
Volatility (6M) Calculated over the trailing 6-month period	6.95%	7.76%	-0.81%
Volatility (1Y) Calculated over the trailing 1-year period	9.39%	10.31%	-0.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.67%	14.00%	-3.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.53%	17.97%	-6.44%

HDCTX vs. VHYAX - Expense Ratio Comparison

HDCTX has a 1.17% expense ratio, which is higher than VHYAX's 0.08% expense ratio.

Dividends

HDCTX vs. VHYAX - Dividend Comparison

HDCTX's dividend yield for the trailing twelve months is around 0.18%, less than VHYAX's 2.16% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HDCTX Rational Equity Armor Fund	0.18%	0.00%	0.00%	0.17%	0.78%	1.21%	1.10%	5.37%	7.86%	5.60%	3.28%	15.32%
VHYAX Vanguard High Dividend Yield Index Fund Admiral Shares	2.16%	2.42%	2.72%	3.09%	2.98%	2.74%	3.16%	3.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both HDCTX and VHYAX in my portfolio?

HDCTX and VHYAX have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HDCTX or VHYAX?

HDCTX has higher volatility (3.84%) compared to VHYAX (2.93%). In terms of maximum drawdown, HDCTX dropped -59.05% vs VHYAX's -35.14%.

Which has better risk-adjusted returns?

VHYAX currently has the higher Sharpe Ratio (2.69 vs 2.30), 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.