NHINX vs. VWEHX

Last updated Jun 25, 2026

NHINX (Neuberger Berman High Income Bond Fund) and VWEHX (Vanguard High-Yield Corporate Fund Investor Shares) are both High Yield Bonds funds. Over the past 10 years, NHINX returned 4.59%/yr vs 5.15%/yr for VWEHX. A 0.69 correlation means they provide meaningful diversification when combined. NHINX charges 0.85%/yr vs 0.22%/yr for VWEHX.

Performance

NHINX vs. VWEHX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Neuberger Berman High Income Bond Fund (NHINX) and Vanguard High-Yield Corporate Fund Investor Shares (VWEHX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NHINX achieves a 0.90% return, which is significantly higher than VWEHX's 0.79% return. Over the past 10 years, NHINX has underperformed VWEHX with an annualized return of 4.59%, while VWEHX has yielded a comparatively higher 5.15% annualized return.

NHINX

• 1D: -0.13%
• 1M: 0.51%
• YTD: 0.90%
• 6M: 1.56%
• 1Y: 5.59%
• 3Y*: 8.14%
• 5Y*: 2.74%
• 10Y*: 4.59%

VWEHX

• 1D: -0.18%
• 1M: 0.53%
• YTD: 0.79%
• 6M: 1.49%
• 1Y: 5.85%
• 3Y*: 8.31%
• 5Y*: 3.94%
• 10Y*: 5.15%

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

NHINX vs. VWEHX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NHINX Neuberger Berman High Income Bond Fund	0.90%	8.39%	7.94%	9.92%	-13.02%	4.42%	6.27%	13.90%	-2.63%	5.09%
VWEHX Vanguard High-Yield Corporate Fund Investor Shares	0.79%	9.38%	6.33%	11.66%	-9.04%	2.97%	5.30%	15.81%	-2.93%	7.05%

Correlation

The correlation between NHINX and VWEHX is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.83
Correlation (3Y) Calculated over the trailing 3-year period	0.83
Correlation (5Y) Calculated over the trailing 5-year period	0.87
Correlation (10Y) Calculated over the trailing 10-year period	0.85
Correlation (All Time) Calculated using the full available price history since Jan 31, 1992	0.69

The correlation between NHINX and VWEHX shifts across timeframes, from 0.69 (all time) to 0.87 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

NHINX vs. VWEHX — Risk / Return Rank

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

NHINX

NHINX Risk / Return Rank: 54
NHINX Sharpe Ratio Rank: 45
NHINX Sortino Ratio Rank: 64
NHINX Omega Ratio Rank: 62
NHINX Calmar Ratio Rank: 39
NHINX Martin Ratio Rank: 59

VWEHX

VWEHX Risk / Return Rank: 61
VWEHX Sharpe Ratio Rank: 47
VWEHX Sortino Ratio Rank: 71
VWEHX Omega Ratio Rank: 75
VWEHX Calmar Ratio Rank: 44
VWEHX Martin Ratio Rank: 67

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.

NHINX vs. VWEHX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Neuberger Berman High Income Bond Fund (NHINX) 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.

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.

	NHINX	VWEHX	Difference
Sharpe ratio: Return per unit of total volatility	1.72	1.86	-0.13
Sortino ratio: Return per unit of downside risk	2.91	3.19	-0.28
Omega ratio: Gain probability vs. loss probability	1.38	1.45	-0.07
Calmar ratio: Return relative to maximum drawdown	2.18	2.40	-0.23
Martin ratio: Return relative to average drawdown	10.57	12.14	-1.57

NHINX vs. VWEHX - Sharpe Ratio Comparison

The current NHINX Sharpe Ratio is 1.72, which is comparable to the VWEHX Sharpe Ratio of 1.86. The chart below compares the historical Sharpe Ratios of NHINX and VWEHX, 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

NHINX vs. VWEHX - Drawdown Comparison

The maximum NHINX drawdown since its inception was -29.47%, roughly equal to the maximum VWEHX drawdown of -30.17%. Use the drawdown chart below to compare losses from any high point for NHINX and VWEHX.

Drawdown Indicators

	NHINX	VWEHX	Difference
Max Drawdown Largest peak-to-trough decline	-29.47%	-30.17%	+0.70%
Max Drawdown (1Y) Largest decline over 1 year	-2.72%	-2.52%	-0.20%
Max Drawdown (3Y) Largest decline over 3 years	-3.89%	-3.33%	-0.56%
Max Drawdown (5Y) Largest decline over 5 years	-16.38%	-13.83%	-2.55%
Max Drawdown (10Y) Largest decline over 10 years	-22.85%	-19.69%	-3.16%
Current Drawdown Current decline from peak	-0.39%	-0.36%	-0.03%
Average Drawdown Average peak-to-trough decline	-3.75%	-4.29%	+0.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.56%	0.50%	+0.06%

Volatility

NHINX vs. VWEHX - Volatility Comparison

Neuberger Berman High Income Bond Fund (NHINX) and Vanguard High-Yield Corporate Fund Investor Shares (VWEHX) have volatilities of 0.87% and 0.88%, 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.

Volatility by Period

	NHINX	VWEHX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.87%	0.88%	-0.01%
Volatility (6M) Calculated over the trailing 6-month period	2.69%	2.61%	+0.08%
Volatility (1Y) Calculated over the trailing 1-year period	3.43%	3.27%	+0.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.24%	4.91%	+0.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.88%	5.25%	+0.63%

NHINX vs. VWEHX - Expense Ratio Comparison

NHINX has a 0.85% expense ratio, which is higher than VWEHX's 0.22% expense ratio.

Dividends

NHINX vs. VWEHX - Dividend Comparison

NHINX's dividend yield for the trailing twelve months is around 6.42%, more than VWEHX's 6.28% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NHINX Neuberger Berman High Income Bond Fund	6.42%	6.43%	6.80%	5.38%	4.37%	4.67%	4.73%	5.22%	5.63%	5.00%	5.33%	6.38%
VWEHX Vanguard High-Yield Corporate Fund Investor Shares	6.28%	6.15%	6.11%	5.68%	5.11%	3.43%	4.62%	5.24%	5.94%	5.29%	5.41%	6.42%

Frequently Asked Questions

Can I hold both NHINX and VWEHX in my portfolio?

NHINX and VWEHX have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NHINX or VWEHX?

VWEHX has higher volatility (0.88%) compared to NHINX (0.87%). In terms of maximum drawdown, NHINX dropped -29.47% vs VWEHX's -30.17%.

Which has better risk-adjusted returns?

VWEHX currently has the higher Sharpe Ratio (1.86 vs 1.72), 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.