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PRHYX vs. VWEHX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between PRHYX and VWEHX is 0.23, 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.


-0.50.00.51.0
Correlation: 0.2

Performance

PRHYX vs. VWEHX - Performance Comparison

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

1,150.00%1,200.00%1,250.00%NovemberDecember2025FebruaryMarchApril
1,244.69%
1,157.83%
PRHYX
VWEHX

Key characteristics

Sharpe Ratio

PRHYX:

1.92

VWEHX:

2.46

Sortino Ratio

PRHYX:

2.88

VWEHX:

3.77

Omega Ratio

PRHYX:

1.45

VWEHX:

1.60

Calmar Ratio

PRHYX:

2.03

VWEHX:

3.29

Martin Ratio

PRHYX:

8.80

VWEHX:

13.40

Ulcer Index

PRHYX:

0.89%

VWEHX:

0.64%

Daily Std Dev

PRHYX:

4.07%

VWEHX:

3.49%

Max Drawdown

PRHYX:

-30.81%

VWEHX:

-30.17%

Current Drawdown

PRHYX:

-1.49%

VWEHX:

-0.40%

Returns By Period

In the year-to-date period, PRHYX achieves a 0.46% return, which is significantly lower than VWEHX's 1.54% return. Both investments have delivered pretty close results over the past 10 years, with PRHYX having a 4.29% annualized return and VWEHX not far ahead at 4.40%.


PRHYX

YTD

0.46%

1M

-0.32%

6M

1.64%

1Y

7.99%

5Y*

5.92%

10Y*

4.29%

VWEHX

YTD

1.54%

1M

0.34%

6M

2.36%

1Y

8.77%

5Y*

5.49%

10Y*

4.40%

*Annualized

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PRHYX vs. VWEHX - Expense Ratio Comparison

PRHYX has a 0.70% expense ratio, which is higher than VWEHX's 0.23% expense ratio.


Expense ratio chart for PRHYX: current value is 0.70%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
PRHYX: 0.70%
Expense ratio chart for VWEHX: current value is 0.23%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
VWEHX: 0.23%

Risk-Adjusted Performance

PRHYX vs. VWEHX — Risk-Adjusted Performance Rank

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

PRHYX
The Risk-Adjusted Performance Rank of PRHYX is 9292
Overall Rank
The Sharpe Ratio Rank of PRHYX is 9191
Sharpe Ratio Rank
The Sortino Ratio Rank of PRHYX is 9292
Sortino Ratio Rank
The Omega Ratio Rank of PRHYX is 9292
Omega Ratio Rank
The Calmar Ratio Rank of PRHYX is 9393
Calmar Ratio Rank
The Martin Ratio Rank of PRHYX is 9292
Martin Ratio Rank

VWEHX
The Risk-Adjusted Performance Rank of VWEHX is 9595
Overall Rank
The Sharpe Ratio Rank of VWEHX is 9595
Sharpe Ratio Rank
The Sortino Ratio Rank of VWEHX is 9595
Sortino Ratio Rank
The Omega Ratio Rank of VWEHX is 9494
Omega Ratio Rank
The Calmar Ratio Rank of VWEHX is 9696
Calmar Ratio Rank
The Martin Ratio Rank of VWEHX is 9595
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

PRHYX vs. VWEHX - 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 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.


The chart of Sharpe ratio for PRHYX, currently valued at 1.92, compared to the broader market-1.000.001.002.003.00
PRHYX: 1.92
VWEHX: 2.46
The chart of Sortino ratio for PRHYX, currently valued at 2.88, compared to the broader market-2.000.002.004.006.008.00
PRHYX: 2.88
VWEHX: 3.77
The chart of Omega ratio for PRHYX, currently valued at 1.45, compared to the broader market0.501.001.502.002.503.00
PRHYX: 1.45
VWEHX: 1.60
The chart of Calmar ratio for PRHYX, currently valued at 2.03, compared to the broader market0.002.004.006.008.0010.00
PRHYX: 2.03
VWEHX: 3.29
The chart of Martin ratio for PRHYX, currently valued at 8.80, compared to the broader market0.0010.0020.0030.0040.0050.00
PRHYX: 8.80
VWEHX: 13.40

The current PRHYX Sharpe Ratio is 1.92, which is comparable to the VWEHX Sharpe Ratio of 2.46. The chart below compares the historical Sharpe Ratios of PRHYX and VWEHX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio1.001.502.002.503.003.504.00NovemberDecember2025FebruaryMarchApril
1.92
2.46
PRHYX
VWEHX

Dividends

PRHYX vs. VWEHX - Dividend Comparison

PRHYX's dividend yield for the trailing twelve months is around 6.71%, more than VWEHX's 6.16% yield.


TTM20242023202220212020201920182017201620152014
PRHYX
T. Rowe Price High Yield Fund
6.71%6.56%6.29%6.13%5.08%5.19%5.49%6.26%5.49%5.73%6.46%6.39%
VWEHX
Vanguard High-Yield Corporate Fund Investor Shares
6.16%6.13%5.68%5.11%4.15%4.62%5.25%5.93%5.30%5.39%5.88%5.59%

Drawdowns

PRHYX vs. VWEHX - Drawdown Comparison

The maximum PRHYX drawdown since its inception was -30.81%, roughly equal to the maximum VWEHX drawdown of -30.17%. Use the drawdown chart below to compare losses from any high point for PRHYX and VWEHX. For additional features, visit the drawdowns tool.


-4.00%-3.00%-2.00%-1.00%0.00%NovemberDecember2025FebruaryMarchApril
-1.49%
-0.40%
PRHYX
VWEHX

Volatility

PRHYX vs. VWEHX - Volatility Comparison

T. Rowe Price High Yield Fund (PRHYX) has a higher volatility of 2.31% compared to Vanguard High-Yield Corporate Fund Investor Shares (VWEHX) at 1.95%. This indicates that PRHYX'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.


0.50%1.00%1.50%2.00%NovemberDecember2025FebruaryMarchApril
2.31%
1.95%
PRHYX
VWEHX