THYF vs. VWEHX
Compare and contrast key facts about T. Rowe Price U.S. High Yield ETF (THYF) and Vanguard High-Yield Corporate Fund Investor Shares (VWEHX).
THYF is an actively managed fund by T. Rowe Price. It was launched on Oct 25, 2022. 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: THYF or VWEHX.
Key characteristics
| THYF | VWEHX | |
|---|---|---|
| YTD Return | 6.82% | 6.08% |
| 1Y Return | 12.44% | 13.29% |
| Sharpe Ratio | 2.81 | 2.96 |
| Daily Std Dev | 4.32% | 4.35% |
| Max Drawdown | -5.24% | -30.17% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between THYF and VWEHX is 0.73, 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
THYF vs. VWEHX - Performance Comparison
In the year-to-date period, THYF achieves a 6.82% return, which is significantly higher than VWEHX's 6.08% 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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THYF vs. VWEHX - Expense Ratio Comparison
THYF has a 0.56% expense ratio, which is higher than VWEHX's 0.23% expense ratio.
Risk-Adjusted Performance
THYF vs. VWEHX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price U.S. High Yield ETF (THYF) 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
THYF vs. VWEHX - Dividend Comparison
THYF's dividend yield for the trailing twelve months is around 7.76%, more than VWEHX's 5.89% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
THYF T. Rowe Price U.S. High Yield ETF | 7.76% | 8.02% | 1.50% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VWEHX Vanguard High-Yield Corporate Fund Investor Shares | 5.89% | 5.69% | 5.11% | 4.13% | 4.62% | 5.24% | 5.93% | 5.28% | 5.43% | 5.91% | 5.59% | 5.79% |
Drawdowns
THYF vs. VWEHX - Drawdown Comparison
The maximum THYF drawdown since its inception was -5.24%, smaller than the maximum VWEHX drawdown of -30.17%. Use the drawdown chart below to compare losses from any high point for THYF and VWEHX. For additional features, visit the drawdowns tool.
Volatility
THYF vs. VWEHX - Volatility Comparison
T. Rowe Price U.S. High Yield ETF (THYF) has a higher volatility of 0.62% compared to Vanguard High-Yield Corporate Fund Investor Shares (VWEHX) at 0.55%. This indicates that THYF'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.