PRHYX vs. VWEAX
Compare and contrast key facts about T. Rowe Price High Yield Fund (PRHYX) and Vanguard High-Yield Corporate Fund Admiral Shares (VWEAX).
PRHYX is managed by T. Rowe Price. It was launched on Dec 31, 1984. 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: PRHYX or VWEAX.
Key characteristics
| PRHYX | VWEAX | |
|---|---|---|
| YTD Return | 6.52% | 6.48% |
| 1Y Return | 13.45% | 12.98% |
| 3Y Return (Ann) | 2.66% | 2.78% |
| 5Y Return (Ann) | 3.92% | 3.86% |
| 10Y Return (Ann) | 4.22% | 4.52% |
| Sharpe Ratio | 3.26 | 3.44 |
| Sortino Ratio | 5.90 | 5.91 |
| Omega Ratio | 1.89 | 1.90 |
| Calmar Ratio | 2.55 | 3.07 |
| Martin Ratio | 23.09 | 22.45 |
| Ulcer Index | 0.57% | 0.56% |
| Daily Std Dev | 4.07% | 3.64% |
| Max Drawdown | -30.82% | -30.03% |
| Current Drawdown | -0.11% | -0.20% |
Correlation
The correlation between PRHYX and VWEAX is 0.77, 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.
Performance
PRHYX vs. VWEAX - Performance Comparison
The year-to-date returns for both stocks are quite close, with PRHYX having a 6.52% return and VWEAX slightly lower at 6.48%. Over the past 10 years, PRHYX has underperformed VWEAX with an annualized return of 4.22%, while VWEAX has yielded a comparatively higher 4.52% 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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PRHYX vs. VWEAX - Expense Ratio Comparison
PRHYX has a 0.70% expense ratio, which is higher than VWEAX's 0.13% expense ratio.
Risk-Adjusted Performance
PRHYX vs. VWEAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price High Yield Fund (PRHYX) 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
PRHYX vs. VWEAX - Dividend Comparison
PRHYX's dividend yield for the trailing twelve months is around 6.45%, more than VWEAX's 6.08% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRHYX T. Rowe Price High Yield Fund | 6.45% | 6.29% | 6.13% | 5.08% | 5.19% | 5.49% | 6.26% | 5.49% | 5.73% | 6.46% | 6.39% | 6.11% |
VWEAX Vanguard High-Yield Corporate Fund Admiral Shares | 6.08% | 5.79% | 5.20% | 4.24% | 4.72% | 5.32% | 6.10% | 5.42% | 5.49% | 5.99% | 5.71% | 5.89% |
Drawdowns
PRHYX vs. VWEAX - Drawdown Comparison
The maximum PRHYX drawdown since its inception was -30.82%, roughly equal to the maximum VWEAX drawdown of -30.03%. Use the drawdown chart below to compare losses from any high point for PRHYX and VWEAX. For additional features, visit the drawdowns tool.
Volatility
PRHYX vs. VWEAX - Volatility Comparison
T. Rowe Price High Yield Fund (PRHYX) has a higher volatility of 0.91% compared to Vanguard High-Yield Corporate Fund Admiral Shares (VWEAX) at 0.65%. This indicates that PRHYX'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.