PHT vs. VWEHX

Last updated Apr 1, 2026

Compare and contrast key facts about Pioneer High Income Fund, Inc. (PHT) and Vanguard High-Yield Corporate Fund Investor Shares (VWEHX).

VWEHX is managed by Vanguard. It was launched on Dec 27, 1978.

Performance

PHT vs. VWEHX - Performance Comparison

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

PHT vs. VWEHX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PHT Pioneer High Income Fund, Inc.	0.00%	12.78%	18.21%	21.32%	-25.86%	17.70%	3.74%	30.72%	-10.54%	2.93%
VWEHX Vanguard High-Yield Corporate Fund Investor Shares	-1.70%	9.38%	6.33%	11.66%	-9.04%	2.97%	5.30%	15.81%	-2.93%	7.05%

Returns By Period

PHT

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

VWEHX

• 1D: 0.18%
• 1M: -2.34%
• YTD: -1.70%
• 6M: 0.00%
• 1Y: 5.88%
• 3Y*: 7.35%
• 5Y*: 3.81%
• 10Y*: 5.12%

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

Return for Risk

PHT vs. VWEHX — Risk / Return Rank

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

VWEHX

VWEHX Risk / Return Rank: 91
VWEHX Sharpe Ratio Rank: 91
VWEHX Sortino Ratio Rank: 93
VWEHX Omega Ratio Rank: 93
VWEHX Calmar Ratio Rank: 90
VWEHX Martin Ratio Rank: 90

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.

PHT vs. VWEHX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pioneer High Income Fund, Inc. (PHT) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	PHT	VWEHX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.90	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.79	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.98	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.86	—

Correlation

The correlation between PHT and VWEHX is 0.29, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

PHT vs. VWEHX - Dividend Comparison

PHT's dividend yield for the trailing twelve months is around 2.64%, less than VWEHX's 5.81% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PHT Pioneer High Income Fund, Inc.	2.64%	4.63%	8.52%	9.37%	11.38%	8.12%	9.25%	8.49%	9.79%	8.03%	9.45%	14.48%
VWEHX Vanguard High-Yield Corporate Fund Investor Shares	5.81%	6.15%	6.11%	5.68%	5.11%	3.43%	4.62%	5.24%	5.94%	5.29%	5.41%	6.42%

Drawdowns

Drawdown Indicators

	PHT	VWEHX	Difference
Max Drawdown Largest peak-to-trough decline	—	-30.17%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-2.52%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-13.83%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-19.69%	—
Current Drawdown Current decline from peak	—	-2.34%	—
Average Drawdown Average peak-to-trough decline	—	-4.31%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.61%	—

Volatility

Volatility by Period

	PHT	VWEHX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.23%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.24%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	3.42%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	4.85%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	5.26%	—