VCPIX vs. VWEAX
Compare and contrast key facts about Vanguard Core-Plus Bond Fund Investor Shares (VCPIX) and Vanguard High-Yield Corporate Fund Admiral Shares (VWEAX).
VCPIX is managed by Vanguard. It was launched on Oct 25, 2021. 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: VCPIX or VWEAX.
Key characteristics
| VCPIX | VWEAX | |
|---|---|---|
| YTD Return | 3.34% | 6.48% |
| 1Y Return | 10.36% | 12.98% |
| 3Y Return (Ann) | -1.51% | 2.78% |
| Sharpe Ratio | 1.72 | 3.44 |
| Sortino Ratio | 2.53 | 5.91 |
| Omega Ratio | 1.31 | 1.90 |
| Calmar Ratio | 0.71 | 3.07 |
| Martin Ratio | 7.03 | 22.45 |
| Ulcer Index | 1.36% | 0.56% |
| Daily Std Dev | 5.56% | 3.64% |
| Max Drawdown | -17.33% | -30.03% |
| Current Drawdown | -4.45% | -0.20% |
Correlation
The correlation between VCPIX and VWEAX is 0.54, 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. VWEAX - Performance Comparison
In the year-to-date period, VCPIX achieves a 3.34% return, which is significantly lower than VWEAX's 6.48% 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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VCPIX vs. VWEAX - Expense Ratio Comparison
VCPIX has a 0.30% expense ratio, which is higher than VWEAX's 0.13% expense ratio.
Risk-Adjusted Performance
VCPIX vs. VWEAX - 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 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
VCPIX vs. VWEAX - Dividend Comparison
VCPIX's dividend yield for the trailing twelve months is around 4.70%, less than VWEAX's 6.08% 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% |
VWEAX Vanguard High-Yield Corporate Fund Admiral Shares | 6.08% | 5.79% | 5.20% | 4.24% | 4.72% | 5.32% | 6.10% | 5.42% | 5.49% | 5.99% | 5.71% | 5.89% |
Drawdowns
VCPIX vs. VWEAX - Drawdown Comparison
The maximum VCPIX drawdown since its inception was -17.33%, smaller than the maximum VWEAX drawdown of -30.03%. Use the drawdown chart below to compare losses from any high point for VCPIX and VWEAX. For additional features, visit the drawdowns tool.
Volatility
VCPIX vs. VWEAX - Volatility Comparison
Vanguard Core-Plus Bond Fund Investor Shares (VCPIX) has a higher volatility of 1.50% compared to Vanguard High-Yield Corporate Fund Admiral Shares (VWEAX) at 0.65%. This indicates that VCPIX'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.