MWHYX vs. VWEAX
Compare and contrast key facts about Metropolitan West High Yield Bond Fund (MWHYX) and Vanguard High-Yield Corporate Fund Admiral Shares (VWEAX).
MWHYX is managed by Metropolitan West Funds. It was launched on Sep 30, 2002. VWEAX is managed by Vanguard. It was launched on Nov 12, 2001.
Performance
MWHYX vs. VWEAX - Performance Comparison
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MWHYX vs. VWEAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MWHYX Metropolitan West High Yield Bond Fund | -1.19% | 6.09% | 6.24% | 10.77% | -12.58% | 2.85% | 11.47% | 12.30% | -0.91% | 6.23% |
VWEAX Vanguard High-Yield Corporate Fund Admiral Shares | -1.68% | 9.49% | 6.42% | 11.79% | -8.95% | 3.04% | 5.41% | 15.92% | -2.80% | 7.17% |
Returns By Period
In the year-to-date period, MWHYX achieves a -1.19% return, which is significantly higher than VWEAX's -1.68% return. Over the past 10 years, MWHYX has underperformed VWEAX with an annualized return of 4.55%, while VWEAX has yielded a comparatively higher 5.22% annualized return.
MWHYX
- 1D
- 0.11%
- 1M
- -1.74%
- YTD
- -1.19%
- 6M
- -0.43%
- 1Y
- 3.68%
- 3Y*
- 6.37%
- 5Y*
- 2.21%
- 10Y*
- 4.55%
VWEAX
- 1D
- 0.18%
- 1M
- -2.34%
- YTD
- -1.68%
- 6M
- 0.04%
- 1Y
- 5.98%
- 3Y*
- 7.45%
- 5Y*
- 3.91%
- 10Y*
- 5.22%
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MWHYX vs. VWEAX - Expense Ratio Comparison
MWHYX has a 0.85% expense ratio, which is higher than VWEAX's 0.13% expense ratio.
Return for Risk
MWHYX vs. VWEAX — Risk / Return Rank
MWHYX
VWEAX
MWHYX vs. VWEAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Metropolitan West High Yield Bond Fund (MWHYX) 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.
| MWHYX | VWEAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.30 | 1.92 | -0.62 |
Sortino ratioReturn per unit of downside risk | 1.97 | 2.89 | -0.92 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.47 | -0.18 |
Calmar ratioReturn relative to maximum drawdown | 1.66 | 2.52 | -0.86 |
Martin ratioReturn relative to average drawdown | 6.86 | 10.45 | -3.59 |
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
| MWHYX | VWEAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.30 | 1.92 | -0.62 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.49 | 0.81 | -0.32 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.03 | 1.00 | +0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.39 | 1.22 | +0.17 |
Correlation
The correlation between MWHYX and VWEAX is 0.78, 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
MWHYX vs. VWEAX - Dividend Comparison
MWHYX's dividend yield for the trailing twelve months is around 5.60%, less than VWEAX's 5.91% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MWHYX Metropolitan West High Yield Bond Fund | 5.60% | 6.04% | 6.59% | 6.20% | 3.94% | 2.90% | 3.54% | 4.11% | 4.60% | 3.42% | 4.17% | 4.37% |
VWEAX Vanguard High-Yield Corporate Fund Admiral Shares | 5.91% | 6.25% | 6.20% | 5.79% | 5.21% | 3.49% | 4.71% | 5.33% | 6.07% | 5.39% | 5.51% | 6.53% |
Drawdowns
MWHYX vs. VWEAX - Drawdown Comparison
The maximum MWHYX drawdown since its inception was -28.94%, roughly equal to the maximum VWEAX drawdown of -30.05%. Use the drawdown chart below to compare losses from any high point for MWHYX and VWEAX.
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Drawdown Indicators
| MWHYX | VWEAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.94% | -30.05% | +1.11% |
Max Drawdown (1Y)Largest decline over 1 year | -2.49% | -2.52% | +0.03% |
Max Drawdown (5Y)Largest decline over 5 years | -15.95% | -13.77% | -2.18% |
Max Drawdown (10Y)Largest decline over 10 years | -15.95% | -19.68% | +3.73% |
Current DrawdownCurrent decline from peak | -1.90% | -2.34% | +0.44% |
Average DrawdownAverage peak-to-trough decline | -2.41% | -2.13% | -0.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.60% | 0.61% | -0.01% |
Volatility
MWHYX vs. VWEAX - Volatility Comparison
The current volatility for Metropolitan West High Yield Bond Fund (MWHYX) is 1.01%, while Vanguard High-Yield Corporate Fund Admiral Shares (VWEAX) has a volatility of 1.23%. This indicates that MWHYX experiences smaller price fluctuations and is considered to be less risky than VWEAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MWHYX | VWEAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.01% | 1.23% | -0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 2.08% | 2.25% | -0.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.20% | 3.43% | -0.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.53% | 4.86% | -0.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.45% | 5.27% | -0.82% |