PHT vs. VWEHX
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PHT or VWEHX.
Key characteristics
| PHT | VWEHX | |
|---|---|---|
| YTD Return | 17.49% | 5.89% |
| 1Y Return | 24.23% | 12.43% |
| 3Y Return (Ann) | -1.88% | 2.48% |
| 5Y Return (Ann) | 6.67% | 3.88% |
| 10Y Return (Ann) | 1.68% | 4.50% |
| Sharpe Ratio | 2.42 | 2.91 |
| Daily Std Dev | 10.08% | 4.36% |
| Max Drawdown | -60.88% | -30.17% |
| Current Drawdown | -5.50% | 0.00% |
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.
Performance
PHT vs. VWEHX - Performance Comparison
In the year-to-date period, PHT achieves a 17.49% return, which is significantly higher than VWEHX's 5.89% return. Over the past 10 years, PHT has underperformed VWEHX with an annualized return of 1.68%, while VWEHX has yielded a comparatively higher 4.50% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
PHT vs. VWEHX - Risk-Adjusted Performance 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.
Dividends
PHT vs. VWEHX - Dividend Comparison
PHT's dividend yield for the trailing twelve months is around 8.33%, more than VWEHX's 5.90% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PHT Pioneer High Income Fund, Inc. | 8.33% | 9.37% | 11.38% | 8.12% | 9.25% | 8.49% | 9.79% | 8.70% | 9.45% | 14.48% | 9.62% | 9.68% |
VWEHX Vanguard High-Yield Corporate Fund Investor Shares | 5.90% | 5.69% | 5.11% | 4.13% | 4.62% | 5.24% | 5.93% | 5.28% | 5.43% | 5.91% | 5.59% | 5.79% |
Drawdowns
PHT vs. VWEHX - Drawdown Comparison
The maximum PHT drawdown since its inception was -60.88%, which is greater than VWEHX's maximum drawdown of -30.17%. Use the drawdown chart below to compare losses from any high point for PHT and VWEHX. For additional features, visit the drawdowns tool.
Volatility
PHT vs. VWEHX - Volatility Comparison
Pioneer High Income Fund, Inc. (PHT) has a higher volatility of 1.45% compared to Vanguard High-Yield Corporate Fund Investor Shares (VWEHX) at 0.55%. This indicates that PHT'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.