PHIYX vs. VWEHX
Compare and contrast key facts about PIMCO High Yield Fund (PHIYX) and Vanguard High-Yield Corporate Fund Investor Shares (VWEHX).
PHIYX is managed by PIMCO. It was launched on Dec 15, 1992. VWEHX is managed by Vanguard. It was launched on Dec 27, 1978.
Performance
PHIYX vs. VWEHX - Performance Comparison
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PHIYX vs. VWEHX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PHIYX PIMCO High Yield Fund | -1.31% | 8.60% | 6.81% | 12.83% | -11.96% | 4.07% | 5.37% | 14.96% | -2.47% | 7.03% |
VWEHX Vanguard High-Yield Corporate Fund Investor Shares | -1.15% | 9.38% | 6.33% | 11.66% | -9.04% | 2.97% | 5.30% | 15.81% | -2.93% | 7.05% |
Returns By Period
In the year-to-date period, PHIYX achieves a -1.31% return, which is significantly lower than VWEHX's -1.15% return. Both investments have delivered pretty close results over the past 10 years, with PHIYX having a 5.08% annualized return and VWEHX not far ahead at 5.18%.
PHIYX
- 1D
- 0.63%
- 1M
- -1.60%
- YTD
- -1.31%
- 6M
- 0.52%
- 1Y
- 5.80%
- 3Y*
- 7.49%
- 5Y*
- 3.36%
- 10Y*
- 5.08%
VWEHX
- 1D
- 0.55%
- 1M
- -1.62%
- YTD
- -1.15%
- 6M
- 0.56%
- 1Y
- 6.47%
- 3Y*
- 7.55%
- 5Y*
- 3.89%
- 10Y*
- 5.18%
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PHIYX vs. VWEHX - Expense Ratio Comparison
PHIYX has a 0.56% expense ratio, which is higher than VWEHX's 0.23% expense ratio.
Return for Risk
PHIYX vs. VWEHX — Risk / Return Rank
PHIYX
VWEHX
PHIYX vs. VWEHX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO High Yield Fund (PHIYX) 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.
| PHIYX | VWEHX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.63 | 1.90 | -0.27 |
Sortino ratioReturn per unit of downside risk | 2.35 | 2.86 | -0.51 |
Omega ratioGain probability vs. loss probability | 1.36 | 1.46 | -0.10 |
Calmar ratioReturn relative to maximum drawdown | 2.07 | 2.79 | -0.72 |
Martin ratioReturn relative to average drawdown | 8.46 | 11.37 | -2.91 |
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
| PHIYX | VWEHX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.63 | 1.90 | -0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.64 | 0.80 | -0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.91 | 0.99 | -0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.30 | 0.87 | +0.43 |
Correlation
The correlation between PHIYX and VWEHX is 0.76, 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
PHIYX vs. VWEHX - Dividend Comparison
PHIYX's dividend yield for the trailing twelve months is around 5.84%, more than VWEHX's 5.78% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PHIYX PIMCO High Yield Fund | 5.84% | 6.19% | 6.18% | 5.62% | 6.01% | 4.53% | 4.55% | 5.04% | 5.63% | 5.11% | 5.37% | 8.79% |
VWEHX Vanguard High-Yield Corporate Fund Investor Shares | 5.78% | 6.15% | 6.11% | 5.68% | 5.11% | 3.43% | 4.62% | 5.24% | 5.94% | 5.29% | 5.41% | 6.42% |
Drawdowns
PHIYX vs. VWEHX - Drawdown Comparison
The maximum PHIYX drawdown since its inception was -32.73%, which is greater than VWEHX's maximum drawdown of -30.17%. Use the drawdown chart below to compare losses from any high point for PHIYX and VWEHX.
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Drawdown Indicators
| PHIYX | VWEHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.73% | -30.17% | -2.56% |
Max Drawdown (1Y)Largest decline over 1 year | -3.00% | -2.52% | -0.48% |
Max Drawdown (5Y)Largest decline over 5 years | -15.74% | -13.83% | -1.91% |
Max Drawdown (10Y)Largest decline over 10 years | -20.30% | -19.69% | -0.61% |
Current DrawdownCurrent decline from peak | -1.84% | -1.80% | -0.04% |
Average DrawdownAverage peak-to-trough decline | -2.18% | -4.30% | +2.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.73% | 0.62% | +0.11% |
Volatility
PHIYX vs. VWEHX - Volatility Comparison
PIMCO High Yield Fund (PHIYX) has a higher volatility of 1.46% compared to Vanguard High-Yield Corporate Fund Investor Shares (VWEHX) at 1.39%. This indicates that PHIYX'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
| PHIYX | VWEHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.46% | 1.39% | +0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 2.40% | 2.29% | +0.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.77% | 3.45% | +0.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.25% | 4.85% | +0.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.62% | 5.26% | +0.36% |