KHYAX vs. VWEHX
Compare and contrast key facts about DWS High Income Fund (KHYAX) and Vanguard High-Yield Corporate Fund Investor Shares (VWEHX).
KHYAX is managed by DWS. It was launched on Jan 26, 1978. VWEHX is managed by Vanguard. It was launched on Dec 27, 1978.
Performance
KHYAX vs. VWEHX - Performance Comparison
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KHYAX vs. VWEHX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
KHYAX DWS High Income Fund | -0.42% | 7.54% | 7.02% | 11.44% | -9.15% | 3.94% | 5.95% | 14.65% | -2.46% | 7.18% |
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, KHYAX achieves a -0.42% return, which is significantly higher than VWEHX's -1.15% return. Over the past 10 years, KHYAX has outperformed VWEHX with an annualized return of 5.46%, while VWEHX has yielded a comparatively lower 5.18% annualized return.
KHYAX
- 1D
- 0.69%
- 1M
- -1.26%
- YTD
- -0.42%
- 6M
- 1.09%
- 1Y
- 7.25%
- 3Y*
- 7.23%
- 5Y*
- 3.71%
- 10Y*
- 5.46%
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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KHYAX vs. VWEHX - Expense Ratio Comparison
KHYAX has a 0.94% expense ratio, which is higher than VWEHX's 0.23% expense ratio.
Return for Risk
KHYAX vs. VWEHX — Risk / Return Rank
KHYAX
VWEHX
KHYAX vs. VWEHX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DWS High Income Fund (KHYAX) 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.
| KHYAX | VWEHX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.01 | 1.90 | +0.11 |
Sortino ratioReturn per unit of downside risk | 2.66 | 2.86 | -0.19 |
Omega ratioGain probability vs. loss probability | 1.56 | 1.46 | +0.09 |
Calmar ratioReturn relative to maximum drawdown | 2.44 | 2.79 | -0.34 |
Martin ratioReturn relative to average drawdown | 11.31 | 11.37 | -0.06 |
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
| KHYAX | VWEHX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.01 | 1.90 | +0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.76 | 0.80 | -0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.93 | 0.99 | -0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.03 | 0.87 | +0.17 |
Correlation
The correlation between KHYAX and VWEHX 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.
Dividends
KHYAX vs. VWEHX - Dividend Comparison
KHYAX's dividend yield for the trailing twelve months is around 6.62%, more than VWEHX's 5.78% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KHYAX DWS High Income Fund | 6.62% | 5.41% | 6.08% | 5.70% | 5.33% | 4.50% | 4.47% | 4.86% | 5.67% | 5.24% | 5.03% | 5.84% |
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
KHYAX vs. VWEHX - Drawdown Comparison
The maximum KHYAX drawdown since its inception was -31.54%, roughly equal to the maximum VWEHX drawdown of -30.17%. Use the drawdown chart below to compare losses from any high point for KHYAX and VWEHX.
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Drawdown Indicators
| KHYAX | VWEHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.54% | -30.17% | -1.37% |
Max Drawdown (1Y)Largest decline over 1 year | -2.97% | -2.52% | -0.45% |
Max Drawdown (5Y)Largest decline over 5 years | -13.22% | -13.83% | +0.61% |
Max Drawdown (10Y)Largest decline over 10 years | -22.42% | -19.69% | -2.73% |
Current DrawdownCurrent decline from peak | -1.48% | -1.80% | +0.32% |
Average DrawdownAverage peak-to-trough decline | -4.42% | -4.30% | -0.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.64% | 0.62% | +0.02% |
Volatility
KHYAX vs. VWEHX - Volatility Comparison
DWS High Income Fund (KHYAX) and Vanguard High-Yield Corporate Fund Investor Shares (VWEHX) have volatilities of 1.39% and 1.39%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KHYAX | VWEHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.39% | 1.39% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 1.98% | 2.29% | -0.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.76% | 3.45% | +0.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.89% | 4.85% | +0.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.89% | 5.26% | +0.63% |