VWEAX vs. FQTIX
Compare and contrast key facts about Vanguard High-Yield Corporate Fund Admiral Shares (VWEAX) and Franklin Templeton SMACS: Series I (FQTIX).
VWEAX is managed by Vanguard. It was launched on Nov 12, 2001. FQTIX is managed by Franklin Templeton. It was launched on Jun 3, 2019.
Performance
VWEAX vs. FQTIX - Performance Comparison
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VWEAX vs. FQTIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VWEAX Vanguard High-Yield Corporate Fund Admiral Shares | -1.68% | 9.49% | 6.42% | 11.79% | -8.95% | 3.04% | 5.41% | 7.29% |
FQTIX Franklin Templeton SMACS: Series I | 0.52% | 7.51% | 8.03% | 13.44% | -14.39% | 8.51% | 3.68% | 4.11% |
Returns By Period
In the year-to-date period, VWEAX achieves a -1.68% return, which is significantly lower than FQTIX's 0.52% return.
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%
FQTIX
- 1D
- 0.25%
- 1M
- -1.83%
- YTD
- 0.52%
- 6M
- 2.66%
- 1Y
- 9.72%
- 3Y*
- 7.86%
- 5Y*
- 3.61%
- 10Y*
- —
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VWEAX vs. FQTIX - Expense Ratio Comparison
VWEAX has a 0.13% expense ratio, which is higher than FQTIX's 0.00% 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. FQTIX — Risk / Return Rank
VWEAX
FQTIX
VWEAX vs. FQTIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard High-Yield Corporate Fund Admiral Shares (VWEAX) and Franklin Templeton SMACS: Series I (FQTIX). 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 | FQTIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.92 | 2.55 | -0.63 |
Sortino ratioReturn per unit of downside risk | 2.89 | 3.46 | -0.57 |
Omega ratioGain probability vs. loss probability | 1.47 | 1.61 | -0.14 |
Calmar ratioReturn relative to maximum drawdown | 2.52 | 3.85 | -1.33 |
Martin ratioReturn relative to average drawdown | 10.45 | 17.15 | -6.70 |
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 | FQTIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.92 | 2.55 | -0.63 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.81 | 0.61 | +0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.00 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.22 | 0.55 | +0.67 |
Correlation
The correlation between VWEAX and FQTIX is 0.73, 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. FQTIX - Dividend Comparison
VWEAX's dividend yield for the trailing twelve months is around 5.91%, less than FQTIX's 7.03% 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% |
FQTIX Franklin Templeton SMACS: Series I | 7.03% | 5.70% | 7.86% | 7.64% | 8.10% | 7.15% | 6.89% | 5.63% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
VWEAX vs. FQTIX - Drawdown Comparison
The maximum VWEAX drawdown since its inception was -30.05%, which is greater than FQTIX's maximum drawdown of -24.62%. Use the drawdown chart below to compare losses from any high point for VWEAX and FQTIX.
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Drawdown Indicators
| VWEAX | FQTIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.05% | -24.62% | -5.43% |
Max Drawdown (1Y)Largest decline over 1 year | -2.52% | -2.41% | -0.11% |
Max Drawdown (5Y)Largest decline over 5 years | -13.77% | -18.81% | +5.04% |
Max Drawdown (10Y)Largest decline over 10 years | -19.68% | — | — |
Current DrawdownCurrent decline from peak | -2.34% | -1.95% | -0.39% |
Average DrawdownAverage peak-to-trough decline | -2.13% | -4.42% | +2.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.61% | 0.54% | +0.07% |
Volatility
VWEAX vs. FQTIX - Volatility Comparison
The current volatility for Vanguard High-Yield Corporate Fund Admiral Shares (VWEAX) is 1.23%, while Franklin Templeton SMACS: Series I (FQTIX) has a volatility of 1.57%. This indicates that VWEAX experiences smaller price fluctuations and is considered to be less risky than FQTIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VWEAX | FQTIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.23% | 1.57% | -0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 2.25% | 2.38% | -0.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.43% | 3.85% | -0.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.86% | 5.92% | -1.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.27% | 7.80% | -2.53% |