VOHIX vs. HYGH
Compare and contrast key facts about Vanguard Ohio Long-Term Tax-Exempt Fund (VOHIX) and iShares Interest Rate Hedged High Yield Bond ETF (HYGH).
VOHIX is managed by Vanguard. It was launched on Jun 18, 1990. HYGH is an actively managed fund by iShares. It was launched on May 27, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VOHIX or HYGH.
Key characteristics
| VOHIX | HYGH | |
|---|---|---|
| YTD Return | 2.21% | 10.38% |
| 1Y Return | 10.04% | 13.82% |
| 3Y Return (Ann) | -0.96% | 7.44% |
| 5Y Return (Ann) | 1.01% | 6.01% |
| 10Y Return (Ann) | 2.36% | 4.86% |
| Sharpe Ratio | 2.35 | 2.89 |
| Sortino Ratio | 3.56 | 4.01 |
| Omega Ratio | 1.54 | 1.64 |
| Calmar Ratio | 0.80 | 3.59 |
| Martin Ratio | 9.73 | 28.81 |
| Ulcer Index | 1.02% | 0.47% |
| Daily Std Dev | 4.22% | 4.64% |
| Max Drawdown | -17.45% | -23.88% |
| Current Drawdown | -3.59% | -0.31% |
Correlation
The correlation between VOHIX and HYGH is -0.12. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
VOHIX vs. HYGH - Performance Comparison
In the year-to-date period, VOHIX achieves a 2.21% return, which is significantly lower than HYGH's 10.38% return. Over the past 10 years, VOHIX has underperformed HYGH with an annualized return of 2.36%, while HYGH has yielded a comparatively higher 4.86% annualized 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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VOHIX vs. HYGH - Expense Ratio Comparison
VOHIX has a 0.13% expense ratio, which is lower than HYGH's 0.53% expense ratio.
Risk-Adjusted Performance
VOHIX vs. HYGH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Ohio Long-Term Tax-Exempt Fund (VOHIX) and iShares Interest Rate Hedged High Yield Bond ETF (HYGH). 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
VOHIX vs. HYGH - Dividend Comparison
VOHIX's dividend yield for the trailing twelve months is around 3.29%, less than HYGH's 8.18% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VOHIX Vanguard Ohio Long-Term Tax-Exempt Fund | 3.29% | 3.06% | 2.74% | 2.42% | 2.66% | 3.00% | 3.28% | 3.19% | 3.30% | 3.38% | 3.51% | 3.85% |
HYGH iShares Interest Rate Hedged High Yield Bond ETF | 8.18% | 8.95% | 6.21% | 3.74% | 4.06% | 4.89% | 6.45% | 4.79% | 4.59% | 5.74% | 3.62% | 0.00% |
Drawdowns
VOHIX vs. HYGH - Drawdown Comparison
The maximum VOHIX drawdown since its inception was -17.45%, smaller than the maximum HYGH drawdown of -23.88%. Use the drawdown chart below to compare losses from any high point for VOHIX and HYGH. For additional features, visit the drawdowns tool.
Volatility
VOHIX vs. HYGH - Volatility Comparison
Vanguard Ohio Long-Term Tax-Exempt Fund (VOHIX) has a higher volatility of 2.04% compared to iShares Interest Rate Hedged High Yield Bond ETF (HYGH) at 1.12%. This indicates that VOHIX's price experiences larger fluctuations and is considered to be riskier than HYGH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.