SHYAX vs. VWEAX
Compare and contrast key facts about SEI Institutional Managed Trust High Yield Bond Fund (SHYAX) and Vanguard High-Yield Corporate Fund Admiral Shares (VWEAX).
SHYAX is managed by BlackRock. It was launched on Jan 11, 1995. VWEAX is managed by Vanguard. It was launched on Nov 12, 2001.
Performance
SHYAX vs. VWEAX - Performance Comparison
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SHYAX vs. VWEAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SHYAX SEI Institutional Managed Trust High Yield Bond Fund | -1.84% | 7.59% | 7.60% | 10.70% | -13.31% | 9.07% | 5.36% | 13.32% | -2.55% | 7.67% |
VWEAX Vanguard High-Yield Corporate Fund Admiral Shares | -1.68% | 9.49% | 6.42% | 11.79% | -8.95% | 3.04% | 5.41% | 15.92% | -2.80% | 7.17% |
Returns By Period
In the year-to-date period, SHYAX achieves a -1.84% return, which is significantly lower than VWEAX's -1.68% return. Over the past 10 years, SHYAX has outperformed VWEAX with an annualized return of 5.54%, while VWEAX has yielded a comparatively lower 5.22% annualized return.
SHYAX
- 1D
- 0.19%
- 1M
- -2.47%
- YTD
- -1.84%
- 6M
- -0.82%
- 1Y
- 4.87%
- 3Y*
- 6.85%
- 5Y*
- 2.92%
- 10Y*
- 5.54%
VWEAX
- 1D
- 0.18%
- 1M
- -2.34%
- YTD
- -1.68%
- 6M
- 0.04%
- 1Y
- 5.98%
- 3Y*
- 7.45%
- 5Y*
- 3.91%
- 10Y*
- 5.22%
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SHYAX vs. VWEAX - Expense Ratio Comparison
SHYAX has a 0.89% expense ratio, which is higher than VWEAX's 0.13% expense ratio.
Return for Risk
SHYAX vs. VWEAX — Risk / Return Rank
SHYAX
VWEAX
SHYAX vs. VWEAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SEI Institutional Managed Trust High Yield Bond Fund (SHYAX) 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.
| SHYAX | VWEAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.30 | 1.92 | -0.62 |
Sortino ratioReturn per unit of downside risk | 1.85 | 2.89 | -1.04 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.47 | -0.17 |
Calmar ratioReturn relative to maximum drawdown | 1.49 | 2.52 | -1.02 |
Martin ratioReturn relative to average drawdown | 5.70 | 10.45 | -4.75 |
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
| SHYAX | VWEAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.30 | 1.92 | -0.62 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.62 | 0.81 | -0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.04 | 1.00 | +0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.24 | 1.22 | +0.03 |
Correlation
The correlation between SHYAX and VWEAX 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
SHYAX vs. VWEAX - Dividend Comparison
SHYAX's dividend yield for the trailing twelve months is around 8.10%, more than VWEAX's 5.91% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SHYAX SEI Institutional Managed Trust High Yield Bond Fund | 8.10% | 8.69% | 7.48% | 10.58% | 12.96% | 5.19% | 7.50% | 6.05% | 7.51% | 6.90% | 7.06% | 7.34% |
VWEAX Vanguard High-Yield Corporate Fund Admiral Shares | 5.91% | 6.25% | 6.20% | 5.79% | 5.21% | 3.49% | 4.71% | 5.33% | 6.07% | 5.39% | 5.51% | 6.53% |
Drawdowns
SHYAX vs. VWEAX - Drawdown Comparison
The maximum SHYAX drawdown since its inception was -38.15%, which is greater than VWEAX's maximum drawdown of -30.05%. Use the drawdown chart below to compare losses from any high point for SHYAX and VWEAX.
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Drawdown Indicators
| SHYAX | VWEAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.15% | -30.05% | -8.10% |
Max Drawdown (1Y)Largest decline over 1 year | -3.20% | -2.52% | -0.68% |
Max Drawdown (5Y)Largest decline over 5 years | -15.68% | -13.77% | -1.91% |
Max Drawdown (10Y)Largest decline over 10 years | -22.12% | -19.68% | -2.44% |
Current DrawdownCurrent decline from peak | -2.65% | -2.34% | -0.31% |
Average DrawdownAverage peak-to-trough decline | -3.05% | -2.13% | -0.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.84% | 0.61% | +0.23% |
Volatility
SHYAX vs. VWEAX - Volatility Comparison
SEI Institutional Managed Trust High Yield Bond Fund (SHYAX) has a higher volatility of 1.35% compared to Vanguard High-Yield Corporate Fund Admiral Shares (VWEAX) at 1.23%. This indicates that SHYAX'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.
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Volatility by Period
| SHYAX | VWEAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.35% | 1.23% | +0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 2.48% | 2.25% | +0.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.84% | 3.43% | +0.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.74% | 4.86% | -0.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.34% | 5.27% | +0.07% |