MVO vs. VWEAX

Last updated Jun 24, 2026

MVO (MV Oil Trust) is a stock, while VWEAX (Vanguard High-Yield Corporate Fund Admiral Shares) is High Yield Bonds fund actively managed by Vanguard. Over the past 10 years, MVO returned -0.37%/yr vs 5.28%/yr for VWEAX. At a 0.14 correlation, their price movements are largely independent.

Performance

MVO vs. VWEAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MV Oil Trust (MVO) and Vanguard High-Yield Corporate Fund Admiral Shares (VWEAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MVO achieves a 36.28% return, which is significantly higher than VWEAX's 1.01% return. Over the past 10 years, MVO has underperformed VWEAX with an annualized return of -0.37%, while VWEAX has yielded a comparatively higher 5.28% annualized return.

MVO

• 1D: 4.17%
• 1M: -18.92%
• YTD: 36.28%
• 6M: 38.52%
• 1Y: -69.67%
• 3Y*: -41.91%
• 5Y*: -15.90%
• 10Y*: -0.37%

VWEAX

• 1D: 0.00%
• 1M: 0.72%
• YTD: 1.01%
• 6M: 1.72%
• 1Y: 6.34%
• 3Y*: 8.49%
• 5Y*: 4.12%
• 10Y*: 5.28%

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

MVO vs. VWEAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MVO MV Oil Trust	36.28%	-82.24%	-22.69%	-18.19%	123.83%	225.88%	-44.46%	2.30%	-4.24%	51.17%
VWEAX Vanguard High-Yield Corporate Fund Admiral Shares	1.01%	9.49%	6.42%	11.79%	-8.95%	3.04%	5.41%	15.92%	-2.80%	7.17%

Correlation

The correlation between MVO and VWEAX is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.01
Correlation (3Y) Calculated over the trailing 3-year period	0.02
Correlation (5Y) Calculated over the trailing 5-year period	0.06
Correlation (10Y) Calculated over the trailing 10-year period	0.11
Correlation (All Time) Calculated using the full available price history since Jan 19, 2007	0.14

The correlation between MVO and VWEAX shifts across timeframes, from -0.01 (1 year) to 0.14 (all time), reflecting how their relationship changes across market environments.

Return for Risk

MVO vs. VWEAX — Risk / Return Rank

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

MVO

MVO Risk / Return Rank: 17
MVO Sharpe Ratio Rank: 19
MVO Sortino Ratio Rank: 23
MVO Omega Ratio Rank: 22
MVO Calmar Ratio Rank: 10
MVO Martin Ratio Rank: 11

VWEAX

VWEAX Risk / Return Rank: 68
VWEAX Sharpe Ratio Rank: 54
VWEAX Sortino Ratio Rank: 79
VWEAX Omega Ratio Rank: 81
VWEAX Calmar Ratio Rank: 50
VWEAX Martin Ratio Rank: 75

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.

MVO vs. VWEAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MV Oil Trust (MVO) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	MVO	VWEAX	Difference
Sharpe ratio: Return per unit of total volatility	-0.53	2.00	-2.53
Sortino ratio: Return per unit of downside risk	-0.38	3.46	-3.84
Omega ratio: Gain probability vs. loss probability	0.94	1.49	-0.55
Calmar ratio: Return relative to maximum drawdown	-0.84	2.60	-3.44
Martin ratio: Return relative to average drawdown	-1.33	13.17	-14.51

MVO vs. VWEAX - Sharpe Ratio Comparison

The current MVO Sharpe Ratio is -0.53, which is lower than the VWEAX Sharpe Ratio of 2.00. The chart below compares the historical Sharpe Ratios of MVO and VWEAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

MVO vs. VWEAX - Drawdown Comparison

The maximum MVO drawdown since its inception was -90.76%, which is greater than VWEAX's maximum drawdown of -30.05%. Use the drawdown chart below to compare losses from any high point for MVO and VWEAX.

Drawdown Indicators

	MVO	VWEAX	Difference
Max Drawdown Largest peak-to-trough decline	-90.76%	-30.05%	-60.71%
Max Drawdown (1Y) Largest decline over 1 year	-82.89%	-2.52%	-80.37%
Max Drawdown (3Y) Largest decline over 3 years	-89.83%	-3.32%	-86.51%
Max Drawdown (5Y) Largest decline over 5 years	-90.76%	-13.77%	-76.99%
Max Drawdown (10Y) Largest decline over 10 years	-90.76%	-19.68%	-71.08%
Current Drawdown Current decline from peak	-84.69%	-0.18%	-84.51%
Average Drawdown Average peak-to-trough decline	-41.22%	-2.12%	-39.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	52.27%	0.50%	+51.77%

Volatility

MVO vs. VWEAX - Volatility Comparison

MV Oil Trust (MVO) has a higher volatility of 21.52% compared to Vanguard High-Yield Corporate Fund Admiral Shares (VWEAX) at 0.87%. This indicates that MVO'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.

Volatility by Period

	MVO	VWEAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	21.52%	0.87%	+20.65%
Volatility (6M) Calculated over the trailing 6-month period	102.38%	2.62%	+99.76%
Volatility (1Y) Calculated over the trailing 1-year period	130.71%	3.29%	+127.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	73.92%	4.92%	+69.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	67.61%	5.27%	+62.34%

Dividends

MVO vs. VWEAX - Dividend Comparison

MVO's dividend yield for the trailing twelve months is around 46.67%, more than VWEAX's 6.37% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MVO MV Oil Trust	46.67%	72.98%	19.12%	12.15%	13.59%	11.16%	15.71%	16.75%	20.29%	8.57%	6.42%	26.18%
VWEAX Vanguard High-Yield Corporate Fund Admiral Shares	6.37%	6.25%	6.20%	5.79%	5.21%	3.49%	4.71%	5.33%	6.07%	5.39%	5.51%	6.53%

Frequently Asked Questions

Can I hold both MVO and VWEAX in my portfolio?

MVO and VWEAX have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MVO or VWEAX?

MVO has higher volatility (21.52%) compared to VWEAX (0.87%). In terms of maximum drawdown, MVO dropped -90.76% vs VWEAX's -30.05%.

Which has better risk-adjusted returns?

VWEAX currently has the higher Sharpe Ratio (2.00 vs -0.53), 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.