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VWEAX vs. BND
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


VWEAXBND
YTD Return6.28%2.21%
1Y Return12.78%8.50%
3Y Return (Ann)2.90%-2.17%
5Y Return (Ann)3.83%-0.09%
10Y Return (Ann)4.54%1.47%
Sharpe Ratio3.521.50
Sortino Ratio6.102.21
Omega Ratio1.931.26
Calmar Ratio3.130.55
Martin Ratio22.845.32
Ulcer Index0.56%1.63%
Daily Std Dev3.63%5.81%
Max Drawdown-30.03%-18.84%
Current Drawdown-0.38%-8.62%

Correlation

-0.50.00.51.00.2

The correlation between VWEAX and BND is 0.16, 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

VWEAX vs. BND - Performance Comparison

In the year-to-date period, VWEAX achieves a 6.28% return, which is significantly higher than BND's 2.21% return. Over the past 10 years, VWEAX has outperformed BND with an annualized return of 4.54%, while BND has yielded a comparatively lower 1.47% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


0.00%2.00%4.00%6.00%8.00%JuneJulyAugustSeptemberOctoberNovember
5.50%
3.99%
VWEAX
BND

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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%.


VWEAX
Vanguard High-Yield Corporate Fund Admiral Shares
Expense ratio chart for VWEAX: current value at 0.13% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.13%
Expense ratio chart for BND: current value at 0.03% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.03%

Risk-Adjusted Performance

VWEAX vs. BND - Risk-Adjusted Performance 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
Sharpe ratio
The chart of Sharpe ratio for VWEAX, currently valued at 3.52, compared to the broader market0.002.004.003.52
Sortino ratio
The chart of Sortino ratio for VWEAX, currently valued at 6.10, compared to the broader market0.005.0010.006.10
Omega ratio
The chart of Omega ratio for VWEAX, currently valued at 1.93, compared to the broader market1.002.003.004.001.93
Calmar ratio
The chart of Calmar ratio for VWEAX, currently valued at 3.13, compared to the broader market0.005.0010.0015.0020.003.13
Martin ratio
The chart of Martin ratio for VWEAX, currently valued at 22.84, compared to the broader market0.0020.0040.0060.0080.00100.0022.84
BND
Sharpe ratio
The chart of Sharpe ratio for BND, currently valued at 1.50, compared to the broader market0.002.004.001.50
Sortino ratio
The chart of Sortino ratio for BND, currently valued at 2.21, compared to the broader market0.005.0010.002.21
Omega ratio
The chart of Omega ratio for BND, currently valued at 1.26, compared to the broader market1.002.003.004.001.26
Calmar ratio
The chart of Calmar ratio for BND, currently valued at 0.55, compared to the broader market0.005.0010.0015.0020.000.55
Martin ratio
The chart of Martin ratio for BND, currently valued at 5.32, compared to the broader market0.0020.0040.0060.0080.00100.005.32

VWEAX vs. BND - Sharpe Ratio Comparison

The current VWEAX Sharpe Ratio is 3.52, which is higher than the BND Sharpe Ratio of 1.50. The chart below compares the historical Sharpe Ratios of VWEAX and BND, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.001.002.003.004.00JuneJulyAugustSeptemberOctoberNovember
3.52
1.50
VWEAX
BND

Dividends

VWEAX vs. BND - Dividend Comparison

VWEAX's dividend yield for the trailing twelve months is around 6.09%, more than BND's 3.55% yield.


TTM20232022202120202019201820172016201520142013
VWEAX
Vanguard High-Yield Corporate Fund Admiral Shares
6.09%5.79%5.20%4.24%4.72%5.32%6.10%5.42%5.49%5.99%5.71%5.89%
BND
Vanguard Total Bond Market ETF
3.55%3.09%2.60%1.97%2.22%2.72%2.81%2.54%2.51%2.57%2.79%2.78%

Drawdowns

VWEAX vs. BND - Drawdown Comparison

The maximum VWEAX drawdown since its inception was -30.03%, which is greater than BND's maximum drawdown of -18.84%. Use the drawdown chart below to compare losses from any high point for VWEAX and BND. For additional features, visit the drawdowns tool.


-12.00%-10.00%-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-0.38%
-8.62%
VWEAX
BND

Volatility

VWEAX vs. BND - Volatility Comparison

The current volatility for Vanguard High-Yield Corporate Fund Admiral Shares (VWEAX) is 0.68%, while Vanguard Total Bond Market ETF (BND) has a volatility of 1.68%. 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.


0.60%0.80%1.00%1.20%1.40%1.60%1.80%JuneJulyAugustSeptemberOctoberNovember
0.68%
1.68%
VWEAX
BND