VHYAX vs. VOO
Compare and contrast key facts about Vanguard High Dividend Yield Index Fund Admiral Shares (VHYAX) and Vanguard S&P 500 ETF (VOO).
VHYAX is managed by Vanguard. It was launched on Feb 7, 2019. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Performance
VHYAX vs. VOO - Performance Comparison
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VHYAX vs. VOO - 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% |
VOO Vanguard S&P 500 ETF | -3.66% | 17.82% | 24.98% | 26.32% | -18.17% | 28.79% | 18.32% | 21.57% |
Returns By Period
In the year-to-date period, VHYAX achieves a 3.81% return, which is significantly higher than VOO's -3.66% return.
VHYAX
- 1D
- 1.80%
- 1M
- -3.94%
- YTD
- 3.81%
- 6M
- 6.29%
- 1Y
- 17.97%
- 3Y*
- 15.17%
- 5Y*
- 11.00%
- 10Y*
- —
VOO
- 1D
- 0.79%
- 1M
- -4.29%
- YTD
- -3.66%
- 6M
- -1.41%
- 1Y
- 18.17%
- 3Y*
- 18.58%
- 5Y*
- 11.93%
- 10Y*
- 14.14%
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VHYAX vs. VOO - Expense Ratio Comparison
VHYAX has a 0.08% expense ratio, which is higher than VOO's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
VHYAX vs. VOO — Risk / Return Rank
VHYAX
VOO
VHYAX vs. VOO - 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 S&P 500 ETF (VOO). 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 | VOO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.18 | 1.01 | +0.17 |
Sortino ratioReturn per unit of downside risk | 1.68 | 1.53 | +0.15 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.23 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.69 | 1.55 | +0.13 |
Martin ratioReturn relative to average drawdown | 7.45 | 7.31 | +0.14 |
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 | VOO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.18 | 1.01 | +0.17 |
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 | — | 0.79 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.65 | 0.83 | -0.18 |
Correlation
The correlation between VHYAX and VOO 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. VOO - Dividend Comparison
VHYAX's dividend yield for the trailing twelve months is around 2.35%, more than VOO's 1.18% 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% |
VOO Vanguard S&P 500 ETF | 1.18% | 1.13% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% |
Drawdowns
VHYAX vs. VOO - Drawdown Comparison
The maximum VHYAX drawdown since its inception was -35.14%, roughly equal to the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for VHYAX and VOO.
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Drawdown Indicators
| VHYAX | VOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.14% | -33.99% | -1.15% |
Max Drawdown (1Y)Largest decline over 1 year | -11.30% | -11.98% | +0.68% |
Max Drawdown (5Y)Largest decline over 5 years | -15.87% | -24.52% | +8.65% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.99% | — |
Current DrawdownCurrent decline from peak | -4.81% | -5.55% | +0.74% |
Average DrawdownAverage peak-to-trough decline | -3.84% | -3.72% | -0.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.56% | 2.55% | +0.01% |
Volatility
VHYAX vs. VOO - Volatility Comparison
The current volatility for Vanguard High Dividend Yield Index Fund Admiral Shares (VHYAX) is 3.79%, while Vanguard S&P 500 ETF (VOO) has a volatility of 5.34%. This indicates that VHYAX experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VHYAX | VOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.79% | 5.34% | -1.55% |
Volatility (6M)Calculated over the trailing 6-month period | 8.01% | 9.47% | -1.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.19% | 18.11% | -2.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.01% | 16.82% | -2.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.11% | 17.99% | +0.12% |