HYG vs. VWEHX
Compare and contrast key facts about iShares iBoxx $ High Yield Corporate Bond ETF (HYG) and Vanguard High-Yield Corporate Fund Investor Shares (VWEHX).
HYG is a passively managed fund by iShares that tracks the performance of the iBoxx $ Liquid High Yield Index. It was launched on Apr 11, 2007. VWEHX is managed by Vanguard. It was launched on Dec 27, 1978.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HYG or VWEHX.
Correlation
The correlation between HYG and VWEHX is 0.33, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
HYG vs. VWEHX - Performance Comparison
Key characteristics
HYG:
1.61
VWEHX:
2.41
HYG:
2.38
VWEHX:
3.69
HYG:
1.34
VWEHX:
1.59
HYG:
2.03
VWEHX:
3.21
HYG:
10.84
VWEHX:
13.08
HYG:
0.85%
VWEHX:
0.64%
HYG:
5.75%
VWEHX:
3.47%
HYG:
-34.24%
VWEHX:
-30.17%
HYG:
-0.84%
VWEHX:
-0.77%
Returns By Period
In the year-to-date period, HYG achieves a 1.48% return, which is significantly higher than VWEHX's 1.17% return. Over the past 10 years, HYG has underperformed VWEHX with an annualized return of 3.86%, while VWEHX has yielded a comparatively higher 4.38% annualized return.
HYG
1.48%
-0.41%
2.06%
9.06%
5.51%
3.86%
VWEHX
1.17%
-0.40%
1.98%
8.16%
5.36%
4.38%
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HYG vs. VWEHX - Expense Ratio Comparison
HYG has a 0.49% expense ratio, which is higher than VWEHX's 0.23% expense ratio.
Risk-Adjusted Performance
HYG vs. VWEHX — Risk-Adjusted Performance Rank
HYG
VWEHX
HYG vs. VWEHX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBoxx $ High Yield Corporate Bond ETF (HYG) 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.
Dividends
HYG vs. VWEHX - Dividend Comparison
HYG's dividend yield for the trailing twelve months is around 5.88%, less than VWEHX's 6.18% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYG iShares iBoxx $ High Yield Corporate Bond ETF | 5.88% | 6.01% | 5.74% | 5.30% | 4.02% | 4.88% | 4.99% | 5.54% | 5.12% | 5.27% | 5.90% | 5.69% |
VWEHX Vanguard High-Yield Corporate Fund Investor Shares | 6.18% | 6.09% | 5.69% | 5.11% | 4.13% | 4.62% | 5.24% | 5.93% | 5.28% | 5.43% | 5.91% | 5.59% |
Drawdowns
HYG vs. VWEHX - Drawdown Comparison
The maximum HYG drawdown since its inception was -34.24%, which is greater than VWEHX's maximum drawdown of -30.17%. Use the drawdown chart below to compare losses from any high point for HYG and VWEHX. For additional features, visit the drawdowns tool.
Volatility
HYG vs. VWEHX - Volatility Comparison
iShares iBoxx $ High Yield Corporate Bond ETF (HYG) has a higher volatility of 4.21% compared to Vanguard High-Yield Corporate Fund Investor Shares (VWEHX) at 1.92%. This indicates that HYG'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.