MVO vs. VWEAX
Compare and contrast key facts about MV Oil Trust (MVO) and Vanguard High-Yield Corporate Fund Admiral Shares (VWEAX).
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: MVO or VWEAX.
Key characteristics
| MVO | VWEAX | |
|---|---|---|
| YTD Return | -15.02% | 6.48% |
| 1Y Return | -15.58% | 12.98% |
| 3Y Return (Ann) | 16.51% | 2.78% |
| 5Y Return (Ann) | 23.86% | 3.86% |
| 10Y Return (Ann) | 3.02% | 4.52% |
| Sharpe Ratio | -0.51 | 3.44 |
| Sortino Ratio | -0.55 | 5.91 |
| Omega Ratio | 0.93 | 1.90 |
| Calmar Ratio | -0.42 | 3.07 |
| Martin Ratio | -1.03 | 22.45 |
| Ulcer Index | 15.06% | 0.56% |
| Daily Std Dev | 30.04% | 3.64% |
| Max Drawdown | -89.58% | -30.03% |
| Current Drawdown | -30.46% | -0.20% |
Correlation
The correlation between MVO and VWEAX is 0.15, 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
MVO vs. VWEAX - Performance Comparison
In the year-to-date period, MVO achieves a -15.02% return, which is significantly lower than VWEAX's 6.48% return. Over the past 10 years, MVO has underperformed VWEAX with an annualized return of 3.02%, while VWEAX has yielded a comparatively higher 4.52% annualized 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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Risk-Adjusted Performance
MVO vs. VWEAX - Risk-Adjusted Performance 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.
Dividends
MVO vs. VWEAX - Dividend Comparison
MVO's dividend yield for the trailing twelve months is around 17.40%, more than VWEAX's 6.08% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MVO MV Oil Trust | 17.40% | 12.15% | 13.59% | 11.16% | 15.71% | 16.75% | 20.29% | 8.57% | 6.42% | 26.18% | 23.30% | 13.55% |
VWEAX Vanguard High-Yield Corporate Fund Admiral Shares | 6.08% | 5.79% | 5.20% | 4.24% | 4.72% | 5.32% | 6.10% | 5.42% | 5.49% | 5.99% | 5.71% | 5.89% |
Drawdowns
MVO vs. VWEAX - Drawdown Comparison
The maximum MVO drawdown since its inception was -89.58%, which is greater than VWEAX's maximum drawdown of -30.03%. Use the drawdown chart below to compare losses from any high point for MVO and VWEAX. For additional features, visit the drawdowns tool.
Volatility
MVO vs. VWEAX - Volatility Comparison
MV Oil Trust (MVO) has a higher volatility of 8.46% compared to Vanguard High-Yield Corporate Fund Admiral Shares (VWEAX) at 0.65%. 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.