IHYAX vs. VWEHX
Compare and contrast key facts about Voya High Yield Bond Fund (IHYAX) and Vanguard High-Yield Corporate Fund Investor Shares (VWEHX).
IHYAX is managed by Voya. It was launched on Dec 15, 1998. VWEHX is managed by Vanguard. It was launched on Dec 27, 1978.
Performance
IHYAX vs. VWEHX - Performance Comparison
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IHYAX vs. VWEHX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IHYAX Voya High Yield Bond Fund | -1.30% | 6.99% | 6.45% | 10.63% | -13.95% | 3.71% | 5.54% | 14.51% | -3.38% | 5.85% |
VWEHX Vanguard High-Yield Corporate Fund Investor Shares | -1.15% | 9.38% | 6.33% | 11.66% | -9.04% | 2.97% | 5.30% | 15.81% | -2.93% | 7.05% |
Returns By Period
In the year-to-date period, IHYAX achieves a -1.30% return, which is significantly lower than VWEHX's -1.15% return. Over the past 10 years, IHYAX has underperformed VWEHX with an annualized return of 4.20%, while VWEHX has yielded a comparatively higher 5.18% annualized return.
IHYAX
- 1D
- 0.73%
- 1M
- -1.57%
- YTD
- -1.30%
- 6M
- -0.30%
- 1Y
- 4.44%
- 3Y*
- 6.18%
- 5Y*
- 2.17%
- 10Y*
- 4.20%
VWEHX
- 1D
- 0.55%
- 1M
- -1.62%
- YTD
- -1.15%
- 6M
- 0.56%
- 1Y
- 6.47%
- 3Y*
- 7.55%
- 5Y*
- 3.89%
- 10Y*
- 5.18%
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IHYAX vs. VWEHX - Expense Ratio Comparison
IHYAX has a 1.04% expense ratio, which is higher than VWEHX's 0.23% expense ratio.
Return for Risk
IHYAX vs. VWEHX — Risk / Return Rank
IHYAX
VWEHX
IHYAX vs. VWEHX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Voya High Yield Bond Fund (IHYAX) 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.
| IHYAX | VWEHX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.27 | 1.90 | -0.64 |
Sortino ratioReturn per unit of downside risk | 1.73 | 2.86 | -1.13 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.46 | -0.16 |
Calmar ratioReturn relative to maximum drawdown | 1.24 | 2.79 | -1.54 |
Martin ratioReturn relative to average drawdown | 5.02 | 11.37 | -6.35 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IHYAX | VWEHX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.27 | 1.90 | -0.64 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.44 | 0.80 | -0.37 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.78 | 0.99 | -0.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.98 | 0.87 | +0.11 |
Correlation
The correlation between IHYAX and VWEHX is 0.79, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
IHYAX vs. VWEHX - Dividend Comparison
IHYAX's dividend yield for the trailing twelve months is around 4.40%, less than VWEHX's 5.78% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IHYAX Voya High Yield Bond Fund | 4.40% | 4.98% | 5.93% | 4.91% | 5.38% | 4.01% | 5.00% | 5.17% | 5.63% | 5.21% | 5.14% | 5.54% |
VWEHX Vanguard High-Yield Corporate Fund Investor Shares | 5.78% | 6.15% | 6.11% | 5.68% | 5.11% | 3.43% | 4.62% | 5.24% | 5.94% | 5.29% | 5.41% | 6.42% |
Drawdowns
IHYAX vs. VWEHX - Drawdown Comparison
The maximum IHYAX drawdown since its inception was -38.22%, which is greater than VWEHX's maximum drawdown of -30.17%. Use the drawdown chart below to compare losses from any high point for IHYAX and VWEHX.
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Drawdown Indicators
| IHYAX | VWEHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.22% | -30.17% | -8.05% |
Max Drawdown (1Y)Largest decline over 1 year | -2.61% | -2.52% | -0.09% |
Max Drawdown (5Y)Largest decline over 5 years | -17.14% | -13.83% | -3.31% |
Max Drawdown (10Y)Largest decline over 10 years | -20.25% | -19.69% | -0.56% |
Current DrawdownCurrent decline from peak | -1.74% | -1.80% | +0.06% |
Average DrawdownAverage peak-to-trough decline | -2.95% | -4.30% | +1.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.76% | 0.62% | +0.14% |
Volatility
IHYAX vs. VWEHX - Volatility Comparison
Voya High Yield Bond Fund (IHYAX) has a higher volatility of 1.62% compared to Vanguard High-Yield Corporate Fund Investor Shares (VWEHX) at 1.39%. This indicates that IHYAX'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.
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Volatility by Period
| IHYAX | VWEHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.62% | 1.39% | +0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 2.42% | 2.29% | +0.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.07% | 3.45% | +0.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.09% | 4.85% | +0.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.46% | 5.26% | +0.20% |