VWEAX vs. BND
Compare and contrast key facts about Vanguard High-Yield Corporate Fund Admiral Shares (VWEAX) and Vanguard Total Bond Market ETF (BND).
VWEAX is managed by Vanguard. It was launched on Nov 12, 2001. BND is a passively managed fund by Vanguard that tracks the performance of the Bloomberg U.S. Aggregate Float Adjusted Index. It was launched on Apr 3, 2007.
Performance
VWEAX vs. BND - Performance Comparison
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VWEAX vs. BND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VWEAX Vanguard High-Yield Corporate Fund Admiral Shares | -1.14% | 9.49% | 6.42% | 11.79% | -8.95% | 3.04% | 5.41% | 15.92% | -2.80% | 7.17% |
BND Vanguard Total Bond Market ETF | 0.09% | 7.08% | 1.38% | 5.65% | -13.11% | -1.86% | 7.71% | 8.84% | -0.12% | 3.57% |
Returns By Period
In the year-to-date period, VWEAX achieves a -1.14% return, which is significantly lower than BND's 0.09% return. Over the past 10 years, VWEAX has outperformed BND with an annualized return of 5.28%, while BND has yielded a comparatively lower 1.68% annualized return.
VWEAX
- 1D
- 0.55%
- 1M
- -1.62%
- YTD
- -1.14%
- 6M
- 0.60%
- 1Y
- 6.57%
- 3Y*
- 7.65%
- 5Y*
- 3.99%
- 10Y*
- 5.28%
BND
- 1D
- 0.04%
- 1M
- -1.30%
- YTD
- 0.09%
- 6M
- 0.74%
- 1Y
- 3.96%
- 3Y*
- 3.60%
- 5Y*
- 0.25%
- 10Y*
- 1.68%
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VWEAX vs. BND - Expense Ratio Comparison
VWEAX has a 0.13% expense ratio, which is higher than BND'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
VWEAX vs. BND — Risk / Return Rank
VWEAX
BND
VWEAX vs. BND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard High-Yield Corporate Fund Admiral Shares (VWEAX) and Vanguard Total Bond Market ETF (BND). 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.
| VWEAX | BND | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.92 | 0.93 | +1.00 |
Sortino ratioReturn per unit of downside risk | 2.90 | 1.32 | +1.58 |
Omega ratioGain probability vs. loss probability | 1.47 | 1.16 | +0.31 |
Calmar ratioReturn relative to maximum drawdown | 2.83 | 1.75 | +1.08 |
Martin ratioReturn relative to average drawdown | 11.54 | 4.78 | +6.76 |
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
| VWEAX | BND | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.92 | 0.93 | +1.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.82 | 0.04 | +0.78 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.01 | 0.30 | +0.70 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.22 | 0.59 | +0.63 |
Correlation
The correlation between VWEAX and BND is 0.17, 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
VWEAX vs. BND - Dividend Comparison
VWEAX's dividend yield for the trailing twelve months is around 5.88%, more than BND's 3.93% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VWEAX Vanguard High-Yield Corporate Fund Admiral Shares | 5.88% | 6.25% | 6.20% | 5.79% | 5.21% | 3.49% | 4.71% | 5.33% | 6.07% | 5.39% | 5.51% | 6.53% |
BND Vanguard Total Bond Market ETF | 3.93% | 3.86% | 3.67% | 3.09% | 2.60% | 2.12% | 2.38% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% |
Drawdowns
VWEAX vs. BND - Drawdown Comparison
The maximum VWEAX drawdown since its inception was -30.05%, which is greater than BND's maximum drawdown of -18.58%. Use the drawdown chart below to compare losses from any high point for VWEAX and BND.
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Drawdown Indicators
| VWEAX | BND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.05% | -18.58% | -11.47% |
Max Drawdown (1Y)Largest decline over 1 year | -2.52% | -2.44% | -0.08% |
Max Drawdown (5Y)Largest decline over 5 years | -13.77% | -17.91% | +4.14% |
Max Drawdown (10Y)Largest decline over 10 years | -19.68% | -18.58% | -1.10% |
Current DrawdownCurrent decline from peak | -1.80% | -2.54% | +0.74% |
Average DrawdownAverage peak-to-trough decline | -2.13% | -3.07% | +0.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.62% | 0.90% | -0.28% |
Volatility
VWEAX vs. BND - Volatility Comparison
The current volatility for Vanguard High-Yield Corporate Fund Admiral Shares (VWEAX) is 1.39%, while Vanguard Total Bond Market ETF (BND) has a volatility of 1.63%. This indicates that VWEAX experiences smaller price fluctuations and is considered to be less risky than BND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VWEAX | BND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.39% | 1.63% | -0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 2.31% | 2.52% | -0.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.46% | 4.30% | -0.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.86% | 6.00% | -1.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.27% | 5.52% | -0.25% |