PFLEX vs. VWEAX
Compare and contrast key facts about PIMCO Flexible Credit Income Fund (PFLEX) and Vanguard High-Yield Corporate Fund Admiral Shares (VWEAX).
PFLEX is managed by PIMCO. It was launched on Feb 21, 2017. 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: PFLEX or VWEAX.
Key characteristics
| PFLEX | VWEAX | |
|---|---|---|
| YTD Return | 10.92% | 5.96% |
| 1Y Return | 17.35% | 12.76% |
| 3Y Return (Ann) | 3.61% | 2.65% |
| 5Y Return (Ann) | 5.61% | 3.96% |
| Sharpe Ratio | 4.00 | 2.93 |
| Daily Std Dev | 4.38% | 4.37% |
| Max Drawdown | -24.60% | -30.03% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between PFLEX and VWEAX is 0.56, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
PFLEX vs. VWEAX - Performance Comparison
In the year-to-date period, PFLEX achieves a 10.92% return, which is significantly higher than VWEAX's 5.96% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
PFLEX vs. VWEAX - Expense Ratio Comparison
PFLEX has a 2.10% expense ratio, which is higher than VWEAX's 0.13% expense ratio.
Risk-Adjusted Performance
PFLEX vs. VWEAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Flexible Credit Income Fund (PFLEX) 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
PFLEX vs. VWEAX - Dividend Comparison
PFLEX's dividend yield for the trailing twelve months is around 9.93%, more than VWEAX's 6.00% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PFLEX PIMCO Flexible Credit Income Fund | 9.93% | 12.77% | 19.51% | 8.54% | 8.51% | 7.65% | 10.20% | 4.54% | 0.00% | 0.00% | 0.00% | 0.00% |
VWEAX Vanguard High-Yield Corporate Fund Admiral Shares | 6.00% | 5.79% | 5.21% | 4.23% | 4.71% | 5.34% | 6.04% | 5.38% | 5.52% | 6.00% | 5.71% | 5.89% |
Drawdowns
PFLEX vs. VWEAX - Drawdown Comparison
The maximum PFLEX drawdown since its inception was -24.60%, smaller than the maximum VWEAX drawdown of -30.03%. Use the drawdown chart below to compare losses from any high point for PFLEX and VWEAX. For additional features, visit the drawdowns tool.
Volatility
PFLEX vs. VWEAX - Volatility Comparison
PIMCO Flexible Credit Income Fund (PFLEX) has a higher volatility of 0.64% compared to Vanguard High-Yield Corporate Fund Admiral Shares (VWEAX) at 0.56%. This indicates that PFLEX'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.