VAIPX vs. VWEAX
Compare and contrast key facts about Vanguard Inflation-Protected Securities Fund Admiral Shares (VAIPX) and Vanguard High-Yield Corporate Fund Admiral Shares (VWEAX).
VAIPX is managed by Vanguard. It was launched on Jun 10, 2005. VWEAX is managed by Vanguard. It was launched on Nov 12, 2001.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VAIPX or VWEAX.
Key characteristics
| VAIPX | VWEAX | |
|---|---|---|
| YTD Return | 2.47% | 6.09% |
| 1Y Return | 6.69% | 12.57% |
| 3Y Return (Ann) | -2.26% | 2.83% |
| 5Y Return (Ann) | 2.06% | 3.79% |
| 10Y Return (Ann) | 2.12% | 4.52% |
| Sharpe Ratio | 1.33 | 3.46 |
| Sortino Ratio | 1.99 | 5.98 |
| Omega Ratio | 1.24 | 1.90 |
| Calmar Ratio | 0.52 | 3.08 |
| Martin Ratio | 6.08 | 22.42 |
| Ulcer Index | 1.09% | 0.56% |
| Daily Std Dev | 4.98% | 3.63% |
| Max Drawdown | -15.04% | -30.03% |
| Current Drawdown | -6.94% | -0.57% |
Correlation
The correlation between VAIPX and VWEAX is 0.14, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
VAIPX vs. VWEAX - Performance Comparison
In the year-to-date period, VAIPX achieves a 2.47% return, which is significantly lower than VWEAX's 6.09% return. Over the past 10 years, VAIPX has underperformed VWEAX with an annualized return of 2.12%, while VWEAX has yielded a comparatively higher 4.52% annualized 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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VAIPX vs. VWEAX - Expense Ratio Comparison
VAIPX has a 0.10% expense ratio, which is lower than VWEAX's 0.13% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
VAIPX vs. VWEAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Inflation-Protected Securities Fund Admiral Shares (VAIPX) 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.
Dividends
VAIPX vs. VWEAX - Dividend Comparison
VAIPX's dividend yield for the trailing twelve months is around 4.33%, less than VWEAX's 6.10% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VAIPX Vanguard Inflation-Protected Securities Fund Admiral Shares | 4.33% | 4.31% | 8.45% | 5.13% | 1.38% | 2.30% | 3.12% | 2.41% | 2.12% | 0.87% | 2.25% | 1.83% |
VWEAX Vanguard High-Yield Corporate Fund Admiral Shares | 6.10% | 5.79% | 5.20% | 4.24% | 4.72% | 5.32% | 6.10% | 5.42% | 5.49% | 5.99% | 5.71% | 5.89% |
Drawdowns
VAIPX vs. VWEAX - Drawdown Comparison
The maximum VAIPX drawdown since its inception was -15.04%, smaller than the maximum VWEAX drawdown of -30.03%. Use the drawdown chart below to compare losses from any high point for VAIPX and VWEAX. For additional features, visit the drawdowns tool.
Volatility
VAIPX vs. VWEAX - Volatility Comparison
Vanguard Inflation-Protected Securities Fund Admiral Shares (VAIPX) has a higher volatility of 1.37% compared to Vanguard High-Yield Corporate Fund Admiral Shares (VWEAX) at 0.71%. This indicates that VAIPX'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.