PRCPX vs. VWEHX
Compare and contrast key facts about T. Rowe Price Credit Opportunities Fund (PRCPX) and Vanguard High-Yield Corporate Fund Investor Shares (VWEHX).
PRCPX is a passively managed fund by T. Rowe Price that tracks the performance of the Bloomberg US High-Yield 2% Issuer Capped Bond Index. It was launched on Apr 29, 2014. VWEHX is managed by Vanguard. It was launched on Dec 27, 1978.
Performance
PRCPX vs. VWEHX - Performance Comparison
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PRCPX vs. VWEHX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PRCPX T. Rowe Price Credit Opportunities Fund | -0.13% | 14.80% | 7.46% | 14.90% | -10.50% | 6.36% | 5.55% | 13.77% | -1.44% | 6.80% |
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
In the year-to-date period, PRCPX achieves a -0.13% return, which is significantly higher than VWEHX's -1.70% return. Over the past 10 years, PRCPX has outperformed VWEHX with an annualized return of 6.83%, while VWEHX has yielded a comparatively lower 5.12% annualized return.
PRCPX
- 1D
- 0.13%
- 1M
- -1.62%
- YTD
- -0.13%
- 6M
- 3.02%
- 1Y
- 13.68%
- 3Y*
- 10.60%
- 5Y*
- 5.87%
- 10Y*
- 6.83%
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%
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PRCPX vs. VWEHX - Expense Ratio Comparison
PRCPX has a 0.81% expense ratio, which is higher than VWEHX's 0.23% expense ratio.
Return for Risk
PRCPX vs. VWEHX — Risk / Return Rank
PRCPX
VWEHX
PRCPX vs. VWEHX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Credit Opportunities Fund (PRCPX) 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.
| PRCPX | VWEHX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.47 | 1.90 | +1.58 |
Sortino ratioReturn per unit of downside risk | 5.52 | 2.84 | +2.68 |
Omega ratioGain probability vs. loss probability | 1.93 | 1.46 | +0.46 |
Calmar ratioReturn relative to maximum drawdown | 4.53 | 2.48 | +2.05 |
Martin ratioReturn relative to average drawdown | 21.08 | 10.27 | +10.80 |
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
| PRCPX | VWEHX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.47 | 1.90 | +1.58 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.23 | 0.79 | +0.44 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.26 | 0.98 | +0.28 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.88 | 0.86 | +0.01 |
Correlation
The correlation between PRCPX and VWEHX is 0.80, 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
PRCPX vs. VWEHX - Dividend Comparison
PRCPX's dividend yield for the trailing twelve months is around 12.89%, more than VWEHX's 5.81% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRCPX T. Rowe Price Credit Opportunities Fund | 12.89% | 12.19% | 7.03% | 7.88% | 4.89% | 5.11% | 5.36% | 5.18% | 5.72% | 4.95% | 5.88% | 7.58% |
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
PRCPX vs. VWEHX - Drawdown Comparison
The maximum PRCPX drawdown since its inception was -23.07%, smaller than the maximum VWEHX drawdown of -30.17%. Use the drawdown chart below to compare losses from any high point for PRCPX and VWEHX.
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Drawdown Indicators
| PRCPX | VWEHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.07% | -30.17% | +7.10% |
Max Drawdown (1Y)Largest decline over 1 year | -3.03% | -2.52% | -0.51% |
Max Drawdown (5Y)Largest decline over 5 years | -14.34% | -13.83% | -0.51% |
Max Drawdown (10Y)Largest decline over 10 years | -23.07% | -19.69% | -3.38% |
Current DrawdownCurrent decline from peak | -1.74% | -2.34% | +0.60% |
Average DrawdownAverage peak-to-trough decline | -3.16% | -4.31% | +1.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.65% | 0.61% | +0.04% |
Volatility
PRCPX vs. VWEHX - Volatility Comparison
The current volatility for T. Rowe Price Credit Opportunities Fund (PRCPX) is 1.10%, while Vanguard High-Yield Corporate Fund Investor Shares (VWEHX) has a volatility of 1.23%. This indicates that PRCPX experiences smaller price fluctuations and is considered to be less risky 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
| PRCPX | VWEHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.10% | 1.23% | -0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 2.52% | 2.24% | +0.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.11% | 3.42% | +0.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.79% | 4.85% | -0.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.45% | 5.26% | +0.19% |