NHS vs. VWEHX
NHS (Neuberger Berman High Yield Strategies Fund) and VWEHX (Vanguard High-Yield Corporate Fund Investor Shares) are both High Yield Bonds funds. Both are actively managed. Over the past 10 years, NHS returned 4.94%/yr vs 4.84%/yr for VWEHX. Their 0.35 correlation means their historical movements had little consistent relationship. NHS charges 4.14%/yr vs 0.22%/yr for VWEHX.
Performance
NHS vs. VWEHX - Performance Comparison
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Returns By Period
In the year-to-date period, NHS achieves a -10.96% return, which is significantly lower than VWEHX's 0.76% return. Both investments have delivered pretty close results over the past 10 years, with NHS having a 4.94% annualized return and VWEHX not far behind at 4.84%.
NHS
- 1D
- -0.50%
- 1M
- -1.95%
- 6M
- -13.90%
- YTD
- -10.96%
- 1Y
- -4.46%
- 3Y*
- 6.46%
- 5Y*
- -1.45%
- 10Y*
- 4.94%
- ALL TIME*
- 6.78%
VWEHX
- 1D
- 0.18%
- 1M
- -0.73%
- 6M
- 0.61%
- YTD
- 0.76%
- 1Y
- 4.52%
- 3Y*
- 7.46%
- 5Y*
- 3.72%
- 10Y*
- 4.84%
- ALL TIME*
- 4.73%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.10M | $992.56K | $1.32M | |
| $0.00 | $0.00 | $0.00 |
NHS vs. VWEHX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NHS Neuberger Berman High Yield Strategies Fund | -10.96% | 14.81% | 11.04% | 6.12% | -22.99% | 15.78% | 4.57% | 39.03% | -11.45% | 8.64% |
VWEHX Vanguard High-Yield Corporate Fund Investor Shares | 0.76% | 9.38% | 6.33% | 11.66% | -9.04% | 2.97% | 5.30% | 15.81% | -2.93% | 7.05% |
Correlation
The correlation between NHS and VWEHX is 0.40, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.40 |
Correlation (3Y) Balances recent behavior with more history. | 0.35 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.45 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.44 |
Correlation (All Time) Calculated using the full available price history since Jul 29, 2003 | 0.35 |
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Return for Risk
NHS vs. VWEHX — Risk / Return Rank
NHS
VWEHX
NHS vs. VWEHX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Neuberger Berman High Yield Strategies Fund (NHS) 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.
| NHS | VWEHX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.92 | ||
| Sortino ratioReturn per unit of downside risk | -3.07 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.36 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | -0.29 | 2.02 | -2.31 |
| Martin ratioReturn relative to average drawdown | -0.54 | 9.69 | -10.23 |
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Drawdowns
NHS vs. VWEHX - Drawdown Comparison
The maximum NHS drawdown since its inception was -64.67%, which is greater than VWEHX's maximum drawdown of -30.17%. Use the drawdown chart below to compare losses from any high point for NHS and VWEHX.
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Drawdown Indicators
| NHS | VWEHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.67% | -30.17% | -34.50% |
Max Drawdown (1Y)Largest decline over 1 year | -17.01% | -2.52% | -14.49% |
Max Drawdown (3Y)Largest decline over 3 years | -17.01% | -3.33% | -13.68% |
Max Drawdown (5Y)Largest decline over 5 years | -37.43% | -13.83% | -23.60% |
Max Drawdown (10Y)Largest decline over 10 years | -42.97% | -19.69% | -23.28% |
Current DrawdownCurrent decline from peak | -16.34% | -0.91% | -15.43% |
Average DrawdownAverage peak-to-trough decline | -8.90% | -4.28% | -4.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.05% | 0.52% | +8.53% |
Volatility
NHS vs. VWEHX - Volatility Comparison
Neuberger Berman High Yield Strategies Fund (NHS) has a higher volatility of 2.54% compared to Vanguard High-Yield Corporate Fund Investor Shares (VWEHX) at 0.68%. This indicates that NHS's price experiences larger fluctuations and is considered to be riskier than VWEHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NHS | VWEHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.54% | 0.68% | +1.86% |
Volatility (6M)Calculated over the trailing 6-month period | 9.64% | 2.68% | +6.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.91% | 3.31% | +9.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.09% | 4.92% | +11.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.69% | 5.24% | +11.45% |
NHS vs. VWEHX - Expense Ratio Comparison
NHS has a 4.14% expense ratio, which is higher than VWEHX's 0.22% expense ratio.
Dividends
NHS vs. VWEHX - Dividend Comparison
NHS's dividend yield for the trailing twelve months is around 18.04%, more than VWEHX's 5.77% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NHS Neuberger Berman High Yield Strategies Fund | 18.04% | 14.60% | 14.50% | 13.94% | 12.75% | 8.74% | 9.29% | 7.99% | 8.37% | 7.59% | 8.23% | 9.81% |
VWEHX Vanguard High-Yield Corporate Fund Investor Shares | 5.77% | 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
NHS and VWEHX have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NHS has higher volatility (2.54%) compared to VWEHX (0.68%). In terms of maximum drawdown, NHS dropped -64.67% vs VWEHX's -30.17%.
VWEHX currently has the higher Sharpe Ratio (1.54 vs -0.38), 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.
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