VHYAX vs. ACIIX
Compare and contrast key facts about Vanguard High Dividend Yield Index Fund Admiral Shares (VHYAX) and American Century Equity Income Fund Class I (ACIIX).
VHYAX is managed by Vanguard. It was launched on Feb 7, 2019. ACIIX is managed by American Century. It was launched on Jul 8, 1998.
Performance
VHYAX vs. ACIIX - Performance Comparison
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VHYAX vs. ACIIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VHYAX Vanguard High Dividend Yield Index Fund Admiral Shares | 3.81% | 15.39% | 17.39% | 6.68% | -0.45% | 26.08% | 1.06% | 16.67% |
ACIIX American Century Equity Income Fund Class I | 3.68% | 12.05% | 10.58% | 4.25% | -2.96% | 17.16% | 1.19% | 17.10% |
Returns By Period
The year-to-date returns for both stocks are quite close, with VHYAX having a 3.81% return and ACIIX slightly lower at 3.68%.
VHYAX
- 1D
- 1.80%
- 1M
- -3.94%
- YTD
- 3.81%
- 6M
- 6.29%
- 1Y
- 17.97%
- 3Y*
- 15.17%
- 5Y*
- 11.00%
- 10Y*
- —
ACIIX
- 1D
- 0.92%
- 1M
- -4.65%
- YTD
- 3.68%
- 6M
- 5.70%
- 1Y
- 11.45%
- 3Y*
- 10.04%
- 5Y*
- 7.60%
- 10Y*
- 8.99%
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VHYAX vs. ACIIX - Expense Ratio Comparison
VHYAX has a 0.08% expense ratio, which is lower than ACIIX's 0.72% expense ratio.
Return for Risk
VHYAX vs. ACIIX — Risk / Return Rank
VHYAX
ACIIX
VHYAX vs. ACIIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard High Dividend Yield Index Fund Admiral Shares (VHYAX) and American Century Equity Income Fund Class I (ACIIX). 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.
| VHYAX | ACIIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.18 | 0.95 | +0.23 |
Sortino ratioReturn per unit of downside risk | 1.68 | 1.37 | +0.31 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.19 | +0.06 |
Calmar ratioReturn relative to maximum drawdown | 1.69 | 1.29 | +0.39 |
Martin ratioReturn relative to average drawdown | 7.45 | 5.04 | +2.41 |
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
| VHYAX | ACIIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.18 | 0.95 | +0.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.79 | 0.71 | +0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.67 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.65 | 0.53 | +0.12 |
Correlation
The correlation between VHYAX and ACIIX is 0.93, 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
VHYAX vs. ACIIX - Dividend Comparison
VHYAX's dividend yield for the trailing twelve months is around 2.35%, less than ACIIX's 10.19% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VHYAX Vanguard High Dividend Yield Index Fund Admiral Shares | 2.35% | 2.42% | 2.72% | 3.09% | 2.98% | 2.74% | 3.16% | 3.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ACIIX American Century Equity Income Fund Class I | 10.19% | 10.55% | 11.71% | 8.21% | 8.96% | 7.02% | 2.18% | 7.57% | 9.05% | 12.14% | 8.08% | 10.72% |
Drawdowns
VHYAX vs. ACIIX - Drawdown Comparison
The maximum VHYAX drawdown since its inception was -35.14%, smaller than the maximum ACIIX drawdown of -39.16%. Use the drawdown chart below to compare losses from any high point for VHYAX and ACIIX.
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Drawdown Indicators
| VHYAX | ACIIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.14% | -39.16% | +4.02% |
Max Drawdown (1Y)Largest decline over 1 year | -11.30% | -8.96% | -2.34% |
Max Drawdown (5Y)Largest decline over 5 years | -15.87% | -13.49% | -2.38% |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.76% | — |
Current DrawdownCurrent decline from peak | -4.81% | -4.86% | +0.05% |
Average DrawdownAverage peak-to-trough decline | -3.84% | -5.26% | +1.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.56% | 2.32% | +0.24% |
Volatility
VHYAX vs. ACIIX - Volatility Comparison
Vanguard High Dividend Yield Index Fund Admiral Shares (VHYAX) has a higher volatility of 3.79% compared to American Century Equity Income Fund Class I (ACIIX) at 3.01%. This indicates that VHYAX's price experiences larger fluctuations and is considered to be riskier than ACIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VHYAX | ACIIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.79% | 3.01% | +0.78% |
Volatility (6M)Calculated over the trailing 6-month period | 8.01% | 6.12% | +1.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.19% | 11.62% | +3.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.01% | 10.74% | +3.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.11% | 13.37% | +4.74% |