TMAYX vs. VWEHX
Compare and contrast key facts about Touchstone Ares Credit Opportunities Fund Class Y (TMAYX) and Vanguard High-Yield Corporate Fund Investor Shares (VWEHX).
TMAYX is an actively managed fund by Touchstone. It was launched on Aug 31, 2015. VWEHX is managed by Vanguard. It was launched on Dec 27, 1978.
Performance
TMAYX vs. VWEHX - Performance Comparison
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TMAYX vs. VWEHX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TMAYX Touchstone Ares Credit Opportunities Fund Class Y | -0.14% | 6.15% | 8.27% | 13.25% | -8.54% | 9.47% | 4.72% | 12.39% | -2.47% | 0.31% |
VWEHX Vanguard High-Yield Corporate Fund Investor Shares | -1.15% | 9.38% | 6.33% | 11.66% | -9.04% | 2.97% | 5.30% | 15.81% | -2.93% | 7.05% |
Returns By Period
In the year-to-date period, TMAYX achieves a -0.14% return, which is significantly higher than VWEHX's -1.15% return. Over the past 10 years, TMAYX has underperformed VWEHX with an annualized return of 4.43%, while VWEHX has yielded a comparatively higher 5.18% annualized return.
TMAYX
- 1D
- 0.45%
- 1M
- -1.20%
- YTD
- -0.14%
- 6M
- 0.38%
- 1Y
- 5.94%
- 3Y*
- 8.14%
- 5Y*
- 4.76%
- 10Y*
- 4.43%
VWEHX
- 1D
- 0.55%
- 1M
- -1.62%
- YTD
- -1.15%
- 6M
- 0.56%
- 1Y
- 6.47%
- 3Y*
- 7.55%
- 5Y*
- 3.89%
- 10Y*
- 5.18%
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TMAYX vs. VWEHX - Expense Ratio Comparison
TMAYX has a 0.78% expense ratio, which is higher than VWEHX's 0.23% expense ratio.
Return for Risk
TMAYX vs. VWEHX — Risk / Return Rank
TMAYX
VWEHX
TMAYX vs. VWEHX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Touchstone Ares Credit Opportunities Fund Class Y (TMAYX) 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.
| TMAYX | VWEHX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.82 | 1.90 | -0.09 |
Sortino ratioReturn per unit of downside risk | 2.51 | 2.86 | -0.34 |
Omega ratioGain probability vs. loss probability | 1.40 | 1.46 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 1.87 | 2.79 | -0.91 |
Martin ratioReturn relative to average drawdown | 8.74 | 11.37 | -2.62 |
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
| TMAYX | VWEHX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.82 | 1.90 | -0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.02 | 0.80 | +0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.88 | 0.99 | -0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.84 | 0.87 | -0.02 |
Correlation
The correlation between TMAYX and VWEHX is 0.55, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
TMAYX vs. VWEHX - Dividend Comparison
TMAYX's dividend yield for the trailing twelve months is around 7.86%, more than VWEHX's 5.78% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TMAYX Touchstone Ares Credit Opportunities Fund Class Y | 7.86% | 7.25% | 7.82% | 7.91% | 6.25% | 6.37% | 6.43% | 3.81% | 2.18% | 4.47% | 2.86% | 1.81% |
VWEHX Vanguard High-Yield Corporate Fund Investor Shares | 5.78% | 6.15% | 6.11% | 5.68% | 5.11% | 3.43% | 4.62% | 5.24% | 5.94% | 5.29% | 5.41% | 6.42% |
Drawdowns
TMAYX vs. VWEHX - Drawdown Comparison
The maximum TMAYX drawdown since its inception was -21.44%, smaller than the maximum VWEHX drawdown of -30.17%. Use the drawdown chart below to compare losses from any high point for TMAYX and VWEHX.
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Drawdown Indicators
| TMAYX | VWEHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.44% | -30.17% | +8.73% |
Max Drawdown (1Y)Largest decline over 1 year | -3.17% | -2.52% | -0.65% |
Max Drawdown (5Y)Largest decline over 5 years | -13.66% | -13.83% | +0.17% |
Max Drawdown (10Y)Largest decline over 10 years | -21.44% | -19.69% | -1.75% |
Current DrawdownCurrent decline from peak | -1.47% | -1.80% | +0.33% |
Average DrawdownAverage peak-to-trough decline | -2.13% | -4.30% | +2.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.68% | 0.62% | +0.06% |
Volatility
TMAYX vs. VWEHX - Volatility Comparison
The current volatility for Touchstone Ares Credit Opportunities Fund Class Y (TMAYX) is 1.15%, while Vanguard High-Yield Corporate Fund Investor Shares (VWEHX) has a volatility of 1.39%. This indicates that TMAYX experiences smaller price fluctuations and is considered to be less risky than VWEHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TMAYX | VWEHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.15% | 1.39% | -0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 1.95% | 2.29% | -0.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.42% | 3.45% | -0.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.68% | 4.85% | -0.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.05% | 5.26% | -0.21% |