VTBIX vs. VWEHX
Compare and contrast key facts about Vanguard Total Bond Market II Index Fund Investor Shares (VTBIX) and Vanguard High-Yield Corporate Fund Investor Shares (VWEHX).
VTBIX is managed by Vanguard. VWEHX is managed by Vanguard. It was launched on Dec 27, 1978.
Performance
VTBIX vs. VWEHX - Performance Comparison
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VTBIX vs. VWEHX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VTBIX Vanguard Total Bond Market II Index Fund Investor Shares | -0.61% | 7.11% | 1.25% | 5.03% | -13.18% | -1.88% | 7.47% | 8.62% | -0.32% | 3.53% |
VWEHX Vanguard High-Yield Corporate Fund Investor Shares | -1.70% | 9.38% | 6.33% | 11.66% | -9.04% | 2.97% | 5.30% | 15.81% | -2.93% | 7.05% |
Returns By Period
In the year-to-date period, VTBIX achieves a -0.61% return, which is significantly higher than VWEHX's -1.70% return. Over the past 10 years, VTBIX has underperformed VWEHX with an annualized return of 1.45%, while VWEHX has yielded a comparatively higher 5.12% annualized return.
VTBIX
- 1D
- 0.42%
- 1M
- -2.26%
- YTD
- -0.61%
- 6M
- 0.37%
- 1Y
- 3.55%
- 3Y*
- 3.14%
- 5Y*
- 0.05%
- 10Y*
- 1.45%
VWEHX
- 1D
- 0.18%
- 1M
- -2.34%
- YTD
- -1.70%
- 6M
- 0.00%
- 1Y
- 5.88%
- 3Y*
- 7.35%
- 5Y*
- 3.81%
- 10Y*
- 5.12%
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VTBIX vs. VWEHX - Expense Ratio Comparison
VTBIX has a 0.09% expense ratio, which is lower than VWEHX's 0.23% 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%.
Return for Risk
VTBIX vs. VWEHX — Risk / Return Rank
VTBIX
VWEHX
VTBIX vs. VWEHX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Total Bond Market II Index Fund Investor Shares (VTBIX) and Vanguard High-Yield Corporate Fund Investor Shares (VWEHX). 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.
| VTBIX | VWEHX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.96 | 1.90 | -0.94 |
Sortino ratioReturn per unit of downside risk | 1.39 | 2.84 | -1.45 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.46 | -0.29 |
Calmar ratioReturn relative to maximum drawdown | 1.75 | 2.48 | -0.73 |
Martin ratioReturn relative to average drawdown | 4.93 | 10.27 | -5.34 |
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
| VTBIX | VWEHX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.96 | 1.90 | -0.94 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.01 | 0.79 | -0.78 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.30 | 0.98 | -0.68 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.26 | 0.86 | -0.61 |
Correlation
The correlation between VTBIX and VWEHX is 0.24, 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.
Dividends
VTBIX vs. VWEHX - Dividend Comparison
VTBIX's dividend yield for the trailing twelve months is around 3.62%, less than VWEHX's 5.81% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VTBIX Vanguard Total Bond Market II Index Fund Investor Shares | 3.62% | 3.88% | 3.70% | 2.53% | 2.47% | 1.75% | 3.20% | 2.72% | 2.51% | 2.43% | 2.48% | 2.64% |
VWEHX Vanguard High-Yield Corporate Fund Investor Shares | 5.81% | 6.15% | 6.11% | 5.68% | 5.11% | 3.43% | 4.62% | 5.24% | 5.94% | 5.29% | 5.41% | 6.42% |
Drawdowns
VTBIX vs. VWEHX - Drawdown Comparison
The maximum VTBIX drawdown since its inception was -18.72%, smaller than the maximum VWEHX drawdown of -30.17%. Use the drawdown chart below to compare losses from any high point for VTBIX and VWEHX.
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Drawdown Indicators
| VTBIX | VWEHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.72% | -30.17% | +11.45% |
Max Drawdown (1Y)Largest decline over 1 year | -2.67% | -2.52% | -0.15% |
Max Drawdown (5Y)Largest decline over 5 years | -18.11% | -13.83% | -4.28% |
Max Drawdown (10Y)Largest decline over 10 years | -18.72% | -19.69% | +0.97% |
Current DrawdownCurrent decline from peak | -3.87% | -2.34% | -1.53% |
Average DrawdownAverage peak-to-trough decline | -4.43% | -4.31% | -0.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 0.61% | +0.34% |
Volatility
VTBIX vs. VWEHX - Volatility Comparison
Vanguard Total Bond Market II Index Fund Investor Shares (VTBIX) has a higher volatility of 1.52% compared to Vanguard High-Yield Corporate Fund Investor Shares (VWEHX) at 1.23%. This indicates that VTBIX's price experiences larger fluctuations and is considered to be riskier than VWEHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VTBIX | VWEHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.52% | 1.23% | +0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 2.54% | 2.24% | +0.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.31% | 3.42% | +0.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.91% | 4.85% | +1.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.91% | 5.26% | -0.35% |