VHYAX vs. VLXVX
Compare and contrast key facts about Vanguard High Dividend Yield Index Fund Admiral Shares (VHYAX) and Vanguard Target Retirement 2065 Fund (VLXVX).
VHYAX is managed by Vanguard. It was launched on Feb 7, 2019. VLXVX is managed by Vanguard. It was launched on Jul 12, 2017.
Performance
VHYAX vs. VLXVX - Performance Comparison
Loading graphics...
VHYAX vs. VLXVX - 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% |
VLXVX Vanguard Target Retirement 2065 Fund | -1.45% | 21.44% | 14.37% | 20.40% | -17.41% | 16.46% | 16.18% | 16.53% |
Returns By Period
In the year-to-date period, VHYAX achieves a 3.81% return, which is significantly higher than VLXVX's -1.45% return.
VHYAX
- 1D
- 1.80%
- 1M
- -3.94%
- YTD
- 3.81%
- 6M
- 6.29%
- 1Y
- 17.97%
- 3Y*
- 15.17%
- 5Y*
- 11.00%
- 10Y*
- —
VLXVX
- 1D
- 2.63%
- 1M
- -5.55%
- YTD
- -1.45%
- 6M
- 1.15%
- 1Y
- 19.93%
- 3Y*
- 15.62%
- 5Y*
- 8.43%
- 10Y*
- —
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
VHYAX vs. VLXVX - Expense Ratio Comparison
Both VHYAX and VLXVX have an expense ratio of 0.08%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Return for Risk
VHYAX vs. VLXVX — Risk / Return Rank
VHYAX
VLXVX
VHYAX vs. VLXVX - 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 Vanguard Target Retirement 2065 Fund (VLXVX). 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 | VLXVX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.18 | 1.36 | -0.18 |
Sortino ratioReturn per unit of downside risk | 1.68 | 1.96 | -0.27 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.29 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.69 | 1.93 | -0.25 |
Martin ratioReturn relative to average drawdown | 7.45 | 8.75 | -1.30 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| VHYAX | VLXVX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.18 | 1.36 | -0.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.79 | 0.60 | +0.19 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.65 | 0.64 | +0.02 |
Correlation
The correlation between VHYAX and VLXVX is 0.82, 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. VLXVX - Dividend Comparison
VHYAX's dividend yield for the trailing twelve months is around 2.35%, more than VLXVX's 2.03% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
VLXVX Vanguard Target Retirement 2065 Fund | 2.03% | 2.00% | 2.11% | 2.06% | 2.00% | 1.93% | 1.60% | 1.90% | 1.85% | 0.78% |
Drawdowns
VHYAX vs. VLXVX - Drawdown Comparison
The maximum VHYAX drawdown since its inception was -35.14%, which is greater than VLXVX's maximum drawdown of -31.42%. Use the drawdown chart below to compare losses from any high point for VHYAX and VLXVX.
Loading graphics...
Drawdown Indicators
| VHYAX | VLXVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.14% | -31.42% | -3.72% |
Max Drawdown (1Y)Largest decline over 1 year | -11.30% | -10.52% | -0.78% |
Max Drawdown (5Y)Largest decline over 5 years | -15.87% | -25.37% | +9.50% |
Current DrawdownCurrent decline from peak | -4.81% | -6.54% | +1.73% |
Average DrawdownAverage peak-to-trough decline | -3.84% | -5.06% | +1.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.56% | 2.32% | +0.24% |
Volatility
VHYAX vs. VLXVX - Volatility Comparison
The current volatility for Vanguard High Dividend Yield Index Fund Admiral Shares (VHYAX) is 3.79%, while Vanguard Target Retirement 2065 Fund (VLXVX) has a volatility of 5.61%. This indicates that VHYAX experiences smaller price fluctuations and is considered to be less risky than VLXVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| VHYAX | VLXVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.79% | 5.61% | -1.82% |
Volatility (6M)Calculated over the trailing 6-month period | 8.01% | 8.97% | -0.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.19% | 15.00% | +0.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.01% | 14.13% | -0.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.11% | 15.74% | +2.37% |