VCPIX vs. VWAHX
Compare and contrast key facts about Vanguard Core-Plus Bond Fund Investor Shares (VCPIX) and Vanguard High-Yield Tax-Exempt Fund Investor Shares (VWAHX).
VCPIX is managed by Vanguard. It was launched on Oct 25, 2021. VWAHX 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: VCPIX or VWAHX.
Key characteristics
| VCPIX | VWAHX | |
|---|---|---|
| YTD Return | 3.34% | 3.35% |
| 1Y Return | 10.36% | 11.05% |
| 3Y Return (Ann) | -1.51% | -0.42% |
| Sharpe Ratio | 1.72 | 2.66 |
| Sortino Ratio | 2.53 | 4.05 |
| Omega Ratio | 1.31 | 1.64 |
| Calmar Ratio | 0.71 | 0.95 |
| Martin Ratio | 7.03 | 13.26 |
| Ulcer Index | 1.36% | 0.84% |
| Daily Std Dev | 5.56% | 4.20% |
| Max Drawdown | -17.33% | -17.82% |
| Current Drawdown | -4.45% | -1.95% |
Correlation
The correlation between VCPIX and VWAHX is 0.53, 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.
Performance
VCPIX vs. VWAHX - Performance Comparison
The year-to-date returns for both investments are quite close, with VCPIX having a 3.34% return and VWAHX slightly higher at 3.35%. 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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VCPIX vs. VWAHX - Expense Ratio Comparison
VCPIX has a 0.30% expense ratio, which is higher than VWAHX's 0.17% expense ratio.
Risk-Adjusted Performance
VCPIX vs. VWAHX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Core-Plus Bond Fund Investor Shares (VCPIX) and Vanguard High-Yield Tax-Exempt Fund Investor Shares (VWAHX). 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
VCPIX vs. VWAHX - Dividend Comparison
VCPIX's dividend yield for the trailing twelve months is around 4.70%, more than VWAHX's 3.70% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VCPIX Vanguard Core-Plus Bond Fund Investor Shares | 4.70% | 4.48% | 3.16% | 0.26% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VWAHX Vanguard High-Yield Tax-Exempt Fund Investor Shares | 3.70% | 3.53% | 3.37% | 2.86% | 3.09% | 3.36% | 3.79% | 3.69% | 3.75% | 3.69% | 3.78% | 4.12% |
Drawdowns
VCPIX vs. VWAHX - Drawdown Comparison
The maximum VCPIX drawdown since its inception was -17.33%, roughly equal to the maximum VWAHX drawdown of -17.82%. Use the drawdown chart below to compare losses from any high point for VCPIX and VWAHX. For additional features, visit the drawdowns tool.
Volatility
VCPIX vs. VWAHX - Volatility Comparison
The current volatility for Vanguard Core-Plus Bond Fund Investor Shares (VCPIX) is 1.50%, while Vanguard High-Yield Tax-Exempt Fund Investor Shares (VWAHX) has a volatility of 2.02%. This indicates that VCPIX experiences smaller price fluctuations and is considered to be less risky than VWAHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.