USHYX vs. VWEAX
Compare and contrast key facts about USAA High Income Fund (USHYX) and Vanguard High-Yield Corporate Fund Admiral Shares (VWEAX).
USHYX is managed by Victory. It was launched on Aug 2, 1999. VWEAX is managed by Vanguard. It was launched on Nov 12, 2001.
Performance
USHYX vs. VWEAX - Performance Comparison
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USHYX vs. VWEAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
USHYX USAA High Income Fund | -0.60% | 7.22% | 6.85% | 13.05% | -10.95% | 5.61% | 3.74% | 13.13% | -3.52% | 7.17% |
VWEAX Vanguard High-Yield Corporate Fund Admiral Shares | -1.14% | 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, USHYX achieves a -0.60% return, which is significantly higher than VWEAX's -1.14% return. Both investments have delivered pretty close results over the past 10 years, with USHYX having a 5.37% annualized return and VWEAX not far behind at 5.28%.
USHYX
- 1D
- 0.44%
- 1M
- -1.20%
- YTD
- -0.60%
- 6M
- 0.41%
- 1Y
- 6.55%
- 3Y*
- 7.66%
- 5Y*
- 3.58%
- 10Y*
- 5.37%
VWEAX
- 1D
- 0.55%
- 1M
- -1.62%
- YTD
- -1.14%
- 6M
- 0.60%
- 1Y
- 6.57%
- 3Y*
- 7.65%
- 5Y*
- 3.99%
- 10Y*
- 5.28%
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USHYX vs. VWEAX - Expense Ratio Comparison
USHYX has a 0.76% expense ratio, which is higher than VWEAX's 0.13% expense ratio.
Return for Risk
USHYX vs. VWEAX — Risk / Return Rank
USHYX
VWEAX
USHYX vs. VWEAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for USAA High Income Fund (USHYX) 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.
| USHYX | VWEAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.19 | 1.92 | +0.26 |
Sortino ratioReturn per unit of downside risk | 3.06 | 2.90 | +0.16 |
Omega ratioGain probability vs. loss probability | 1.52 | 1.47 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 2.63 | 2.83 | -0.20 |
Martin ratioReturn relative to average drawdown | 11.51 | 11.54 | -0.03 |
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
| USHYX | VWEAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.19 | 1.92 | +0.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.79 | 0.82 | -0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.98 | 1.01 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.29 | 1.22 | +0.07 |
Correlation
The correlation between USHYX and VWEAX 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.
Dividends
USHYX vs. VWEAX - Dividend Comparison
USHYX's dividend yield for the trailing twelve months is around 7.05%, more than VWEAX's 5.88% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
USHYX USAA High Income Fund | 7.05% | 5.48% | 7.65% | 7.15% | 5.89% | 4.83% | 5.23% | 5.78% | 6.31% | 5.72% | 5.91% | 6.44% |
VWEAX Vanguard High-Yield Corporate Fund Admiral Shares | 5.88% | 6.25% | 6.20% | 5.79% | 5.21% | 3.49% | 4.71% | 5.33% | 6.07% | 5.39% | 5.51% | 6.53% |
Drawdowns
USHYX vs. VWEAX - Drawdown Comparison
The maximum USHYX drawdown since its inception was -33.59%, which is greater than VWEAX's maximum drawdown of -30.05%. Use the drawdown chart below to compare losses from any high point for USHYX and VWEAX.
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Drawdown Indicators
| USHYX | VWEAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.59% | -30.05% | -3.54% |
Max Drawdown (1Y)Largest decline over 1 year | -2.49% | -2.52% | +0.03% |
Max Drawdown (5Y)Largest decline over 5 years | -15.10% | -13.77% | -1.33% |
Max Drawdown (10Y)Largest decline over 10 years | -24.55% | -19.68% | -4.87% |
Current DrawdownCurrent decline from peak | -1.49% | -1.80% | +0.31% |
Average DrawdownAverage peak-to-trough decline | -2.99% | -2.13% | -0.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.57% | 0.62% | -0.05% |
Volatility
USHYX vs. VWEAX - Volatility Comparison
USAA High Income Fund (USHYX) has a higher volatility of 1.47% compared to Vanguard High-Yield Corporate Fund Admiral Shares (VWEAX) at 1.39%. This indicates that USHYX'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
| USHYX | VWEAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.47% | 1.39% | +0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 1.97% | 2.31% | -0.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.08% | 3.46% | -0.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.58% | 4.86% | -0.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.47% | 5.27% | +0.20% |