HYDB vs. VWEAX
Compare and contrast key facts about iShares High Yield Bond Factor ETF (HYDB) and Vanguard High-Yield Corporate Fund Admiral Shares (VWEAX).
HYDB is a passively managed fund by iShares that tracks the performance of the BlackRock High Yield Defensive Bond Index. It was launched on Jul 11, 2017. 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: HYDB or VWEAX.
Key characteristics
| HYDB | VWEAX | |
|---|---|---|
| YTD Return | 2.71% | 0.74% |
| 1Y Return | 12.89% | 9.00% |
| 3Y Return (Ann) | 2.76% | 1.78% |
| 5Y Return (Ann) | 4.98% | 3.74% |
| Sharpe Ratio | 2.08 | 1.84 |
| Daily Std Dev | 5.98% | 4.78% |
| Max Drawdown | -21.58% | -30.03% |
| Current Drawdown | -0.41% | -0.19% |
Correlation
The correlation between HYDB and VWEAX is 0.60, 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
HYDB vs. VWEAX - Performance Comparison
In the year-to-date period, HYDB achieves a 2.71% return, which is significantly higher than VWEAX's 0.74% 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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HYDB vs. VWEAX - Expense Ratio Comparison
HYDB has a 0.35% expense ratio, which is higher than VWEAX's 0.13% expense ratio.
Risk-Adjusted Performance
HYDB vs. VWEAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares High Yield Bond Factor ETF (HYDB) 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
HYDB vs. VWEAX - Dividend Comparison
HYDB's dividend yield for the trailing twelve months is around 7.09%, more than VWEAX's 6.04% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYDB iShares High Yield Bond Factor ETF | 7.09% | 7.00% | 6.30% | 4.70% | 5.81% | 5.68% | 6.16% | 2.70% | 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
HYDB vs. VWEAX - Drawdown Comparison
The maximum HYDB drawdown since its inception was -21.58%, smaller than the maximum VWEAX drawdown of -30.03%. Use the drawdown chart below to compare losses from any high point for HYDB and VWEAX. For additional features, visit the drawdowns tool.
Volatility
HYDB vs. VWEAX - Volatility Comparison
iShares High Yield Bond Factor ETF (HYDB) has a higher volatility of 1.55% compared to Vanguard High-Yield Corporate Fund Admiral Shares (VWEAX) at 1.27%. This indicates that HYDB'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.