PortfoliosLab logo
PortfoliosLab logo
Tools
Performance Analysis
Portfolio Analysis
Factor Model
Portfolios
Lazy PortfoliosUser Portfolios
Discussions
VCPIX vs. VWAHX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

VCPIX vs. VWAHX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Core-Plus Bond Fund Investor Shares (VCPIX) and Vanguard High-Yield Tax-Exempt Fund Investor Shares (VWAHX). The values are adjusted to include any dividend payments, if applicable.

0.00%2.00%4.00%6.00%JuneJulyAugustSeptemberOctoberNovember
3.60%
3.91%
VCPIX
VWAHX

Returns By Period

In the year-to-date period, VCPIX achieves a 2.74% return, which is significantly lower than VWAHX's 3.73% return.


VCPIX

YTD

2.74%

1M

-0.30%

6M

3.60%

1Y

7.61%

5Y (annualized)

N/A

10Y (annualized)

N/A

VWAHX

YTD

3.73%

1M

1.26%

6M

3.91%

1Y

9.18%

5Y (annualized)

1.59%

10Y (annualized)

3.15%

Key characteristics


VCPIXVWAHX
Sharpe Ratio1.422.25
Sortino Ratio2.083.36
Omega Ratio1.251.53
Calmar Ratio0.630.93
Martin Ratio5.1310.34
Ulcer Index1.48%0.89%
Daily Std Dev5.36%4.08%
Max Drawdown-17.33%-17.82%
Current Drawdown-5.01%-1.59%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


VCPIX vs. VWAHX - Expense Ratio Comparison

VCPIX has a 0.30% expense ratio, which is higher than VWAHX's 0.17% expense ratio.


VCPIX
Vanguard Core-Plus Bond Fund Investor Shares
Expense ratio chart for VCPIX: current value at 0.30% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.30%
Expense ratio chart for VWAHX: current value at 0.17% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.17%

Correlation

-0.50.00.51.00.5

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.

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.


Sharpe ratio
The chart of Sharpe ratio for VCPIX, currently valued at 1.42, compared to the broader market-1.000.001.002.003.004.005.001.422.25
The chart of Sortino ratio for VCPIX, currently valued at 2.08, compared to the broader market0.005.0010.002.083.36
The chart of Omega ratio for VCPIX, currently valued at 1.25, compared to the broader market1.002.003.004.001.251.53
The chart of Calmar ratio for VCPIX, currently valued at 0.63, compared to the broader market0.005.0010.0015.0020.000.630.96
The chart of Martin ratio for VCPIX, currently valued at 5.13, compared to the broader market0.0020.0040.0060.0080.00100.005.1310.34
VCPIX
VWAHX

The current VCPIX Sharpe Ratio is 1.42, which is lower than the VWAHX Sharpe Ratio of 2.25. The chart below compares the historical Sharpe Ratios of VCPIX and VWAHX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio0.501.001.502.002.503.003.504.00JuneJulyAugustSeptemberOctoberNovember
1.42
2.25
VCPIX
VWAHX

Dividends

VCPIX vs. VWAHX - Dividend Comparison

VCPIX's dividend yield for the trailing twelve months is around 4.73%, more than VWAHX's 3.70% yield.


TTM20232022202120202019201820172016201520142013
VCPIX
Vanguard Core-Plus Bond Fund Investor Shares
4.73%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.


-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-5.01%
-1.24%
VCPIX
VWAHX

Volatility

VCPIX vs. VWAHX - Volatility Comparison

The current volatility for Vanguard Core-Plus Bond Fund Investor Shares (VCPIX) is 1.30%, while Vanguard High-Yield Tax-Exempt Fund Investor Shares (VWAHX) has a volatility of 1.75%. 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.


0.50%1.00%1.50%2.00%JuneJulyAugustSeptemberOctoberNovember
1.30%
1.75%
VCPIX
VWAHX