VWEAX vs. FHYSX
Compare and contrast key facts about Vanguard High-Yield Corporate Fund Admiral Shares (VWEAX) and Federated Hermes High-Yield Strategy Portfolio (FHYSX).
VWEAX is managed by Vanguard. It was launched on Nov 12, 2001. FHYSX is managed by Federated. It was launched on Dec 24, 2008.
Performance
VWEAX vs. FHYSX - Performance Comparison
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VWEAX vs. FHYSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VWEAX Vanguard High-Yield Corporate Fund Admiral Shares | -1.68% | 9.49% | 6.42% | 11.79% | -8.95% | 3.04% | 5.41% | 15.92% | -2.80% | 7.17% |
FHYSX Federated Hermes High-Yield Strategy Portfolio | -1.76% | 9.14% | 6.42% | 12.77% | -13.16% | 4.49% | 6.08% | 15.14% | -2.16% | 8.34% |
Returns By Period
The year-to-date returns for both stocks are quite close, with VWEAX having a -1.68% return and FHYSX slightly lower at -1.76%. Both investments have delivered pretty close results over the past 10 years, with VWEAX having a 5.22% annualized return and FHYSX not far ahead at 5.39%.
VWEAX
- 1D
- 0.18%
- 1M
- -2.34%
- YTD
- -1.68%
- 6M
- 0.04%
- 1Y
- 5.98%
- 3Y*
- 7.45%
- 5Y*
- 3.91%
- 10Y*
- 5.22%
FHYSX
- 1D
- 0.17%
- 1M
- -2.27%
- YTD
- -1.76%
- 6M
- 0.01%
- 1Y
- 5.88%
- 3Y*
- 7.48%
- 5Y*
- 3.11%
- 10Y*
- 5.39%
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VWEAX vs. FHYSX - Expense Ratio Comparison
VWEAX has a 0.13% expense ratio, which is higher than FHYSX's 0.02% 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. FHYSX — Risk / Return Rank
VWEAX
FHYSX
VWEAX vs. FHYSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard High-Yield Corporate Fund Admiral Shares (VWEAX) and Federated Hermes High-Yield Strategy Portfolio (FHYSX). 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 | FHYSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.92 | 1.67 | +0.25 |
Sortino ratioReturn per unit of downside risk | 2.89 | 2.37 | +0.52 |
Omega ratioGain probability vs. loss probability | 1.47 | 1.45 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 2.52 | 2.36 | +0.16 |
Martin ratioReturn relative to average drawdown | 10.45 | 9.71 | +0.73 |
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 | FHYSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.92 | 1.67 | +0.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.81 | 0.60 | +0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.00 | 0.94 | +0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.22 | 0.85 | +0.36 |
Correlation
The correlation between VWEAX and FHYSX is 0.78, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
VWEAX vs. FHYSX - Dividend Comparison
VWEAX's dividend yield for the trailing twelve months is around 5.91%, more than FHYSX's 5.82% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VWEAX Vanguard High-Yield Corporate Fund Admiral Shares | 5.91% | 6.25% | 6.20% | 5.79% | 5.21% | 3.49% | 4.71% | 5.33% | 6.07% | 5.39% | 5.51% | 6.53% |
FHYSX Federated Hermes High-Yield Strategy Portfolio | 5.82% | 6.28% | 5.84% | 5.30% | 5.27% | 4.54% | 5.74% | 6.18% | 6.61% | 6.98% | 6.45% | 8.45% |
Drawdowns
VWEAX vs. FHYSX - Drawdown Comparison
The maximum VWEAX drawdown since its inception was -30.05%, which is greater than FHYSX's maximum drawdown of -21.45%. Use the drawdown chart below to compare losses from any high point for VWEAX and FHYSX.
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Drawdown Indicators
| VWEAX | FHYSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.05% | -21.45% | -8.60% |
Max Drawdown (1Y)Largest decline over 1 year | -2.52% | -2.50% | -0.02% |
Max Drawdown (5Y)Largest decline over 5 years | -13.77% | -16.93% | +3.16% |
Max Drawdown (10Y)Largest decline over 10 years | -19.68% | -21.45% | +1.77% |
Current DrawdownCurrent decline from peak | -2.34% | -2.27% | -0.07% |
Average DrawdownAverage peak-to-trough decline | -2.13% | -2.61% | +0.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.61% | 0.61% | 0.00% |
Volatility
VWEAX vs. FHYSX - Volatility Comparison
Vanguard High-Yield Corporate Fund Admiral Shares (VWEAX) and Federated Hermes High-Yield Strategy Portfolio (FHYSX) have volatilities of 1.23% and 1.24%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VWEAX | FHYSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.23% | 1.24% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 2.25% | 2.37% | -0.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.43% | 3.76% | -0.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.86% | 5.20% | -0.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.27% | 5.76% | -0.49% |