VSCSX vs. VWEAX
Compare and contrast key facts about Vanguard Short-Term Corporate Bond Index Fund Admiral Shares (VSCSX) and Vanguard High-Yield Corporate Fund Admiral Shares (VWEAX).
VSCSX is managed by Vanguard. It was launched on Nov 18, 2010. 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: VSCSX or VWEAX.
Key characteristics
| VSCSX | VWEAX | |
|---|---|---|
| YTD Return | 4.47% | 6.09% |
| 1Y Return | 7.32% | 11.49% |
| 3Y Return (Ann) | 1.40% | 2.83% |
| 5Y Return (Ann) | 1.87% | 3.79% |
| 10Y Return (Ann) | 2.25% | 4.51% |
| Sharpe Ratio | 3.17 | 3.46 |
| Sortino Ratio | 5.21 | 5.98 |
| Omega Ratio | 1.68 | 1.90 |
| Calmar Ratio | 2.01 | 3.76 |
| Martin Ratio | 19.24 | 22.38 |
| Ulcer Index | 0.42% | 0.56% |
| Daily Std Dev | 2.52% | 3.63% |
| Max Drawdown | -9.56% | -30.03% |
| Current Drawdown | -1.04% | -0.57% |
Correlation
The correlation between VSCSX and VWEAX is 0.25, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
VSCSX vs. VWEAX - Performance Comparison
In the year-to-date period, VSCSX achieves a 4.47% return, which is significantly lower than VWEAX's 6.09% return. Over the past 10 years, VSCSX has underperformed VWEAX with an annualized return of 2.25%, while VWEAX has yielded a comparatively higher 4.51% 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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VSCSX vs. VWEAX - Expense Ratio Comparison
VSCSX has a 0.07% expense ratio, which is lower than VWEAX's 0.13% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
VSCSX vs. VWEAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Short-Term Corporate Bond Index Fund Admiral Shares (VSCSX) 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
VSCSX vs. VWEAX - Dividend Comparison
VSCSX's dividend yield for the trailing twelve months is around 3.79%, less than VWEAX's 6.10% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VSCSX Vanguard Short-Term Corporate Bond Index Fund Admiral Shares | 3.79% | 3.07% | 1.99% | 1.56% | 2.26% | 2.85% | 2.66% | 2.26% | 2.11% | 2.00% | 1.83% | 1.83% |
VWEAX Vanguard High-Yield Corporate Fund Admiral Shares | 6.10% | 5.79% | 5.20% | 4.24% | 4.72% | 5.32% | 6.10% | 5.42% | 5.49% | 5.99% | 5.71% | 5.89% |
Drawdowns
VSCSX vs. VWEAX - Drawdown Comparison
The maximum VSCSX drawdown since its inception was -9.56%, smaller than the maximum VWEAX drawdown of -30.03%. Use the drawdown chart below to compare losses from any high point for VSCSX and VWEAX. For additional features, visit the drawdowns tool.
Volatility
VSCSX vs. VWEAX - Volatility Comparison
The current volatility for Vanguard Short-Term Corporate Bond Index Fund Admiral Shares (VSCSX) is 0.62%, while Vanguard High-Yield Corporate Fund Admiral Shares (VWEAX) has a volatility of 0.69%. This indicates that VSCSX experiences smaller price fluctuations and is considered to be less risky than VWEAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.