PRHYX vs. VWEHX
Compare and contrast key facts about T. Rowe Price High Yield Fund (PRHYX) and Vanguard High-Yield Corporate Fund Investor Shares (VWEHX).
PRHYX is managed by T. Rowe Price. It was launched on Dec 31, 1984. 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: PRHYX or VWEHX.
Key characteristics
| PRHYX | VWEHX | |
|---|---|---|
| YTD Return | 6.52% | 6.42% |
| 1Y Return | 13.45% | 12.90% |
| 3Y Return (Ann) | 2.66% | 2.69% |
| 5Y Return (Ann) | 3.92% | 3.77% |
| 10Y Return (Ann) | 4.22% | 4.41% |
| Sharpe Ratio | 3.26 | 3.43 |
| Sortino Ratio | 5.90 | 5.87 |
| Omega Ratio | 1.89 | 1.89 |
| Calmar Ratio | 2.55 | 2.92 |
| Martin Ratio | 23.09 | 22.26 |
| Ulcer Index | 0.57% | 0.56% |
| Daily Std Dev | 4.07% | 3.64% |
| Max Drawdown | -30.82% | -30.17% |
| Current Drawdown | -0.11% | -0.21% |
Correlation
The correlation between PRHYX and VWEHX is 0.72, 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. VWEHX - Performance Comparison
The year-to-date returns for both stocks are quite close, with PRHYX having a 6.52% return and VWEHX slightly lower at 6.42%. Both investments have delivered pretty close results over the past 10 years, with PRHYX having a 4.22% annualized return and VWEHX not far ahead at 4.41%. 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. VWEHX - Expense Ratio Comparison
PRHYX has a 0.70% expense ratio, which is higher than VWEHX's 0.23% expense ratio.
Risk-Adjusted Performance
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.
Dividends
PRHYX vs. VWEHX - Dividend Comparison
PRHYX's dividend yield for the trailing twelve months is around 6.45%, more than VWEHX's 6.01% 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% |
VWEHX Vanguard High-Yield Corporate Fund Investor Shares | 6.01% | 5.68% | 5.11% | 4.15% | 4.62% | 5.25% | 5.93% | 5.30% | 5.39% | 5.88% | 5.59% | 5.79% |
Drawdowns
PRHYX vs. VWEHX - Drawdown Comparison
The maximum PRHYX drawdown since its inception was -30.82%, 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.
Volatility
PRHYX vs. VWEHX - Volatility Comparison
T. Rowe Price High Yield Fund (PRHYX) has a higher volatility of 0.91% compared to Vanguard High-Yield Corporate Fund Investor Shares (VWEHX) at 0.65%. 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.