VWEAX vs. HYDB
Compare and contrast key facts about Vanguard High-Yield Corporate Fund Admiral Shares (VWEAX) and iShares High Yield Bond Factor ETF (HYDB).
VWEAX is managed by Vanguard. It was launched on Nov 12, 2001. HYDB is a passively managed fund by iShares that tracks the performance of the BlackRock High Yield Defensive Bond Index. It was launched on Jul 11, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VWEAX or HYDB.
Key characteristics
| VWEAX | HYDB | |
|---|---|---|
| YTD Return | 6.09% | 9.15% |
| 1Y Return | 12.57% | 15.11% |
| 3Y Return (Ann) | 2.83% | 4.06% |
| 5Y Return (Ann) | 3.79% | 5.23% |
| Sharpe Ratio | 3.46 | 3.11 |
| Sortino Ratio | 5.98 | 4.93 |
| Omega Ratio | 1.90 | 1.62 |
| Calmar Ratio | 3.08 | 5.17 |
| Martin Ratio | 22.42 | 27.66 |
| Ulcer Index | 0.56% | 0.54% |
| Daily Std Dev | 3.63% | 4.81% |
| Max Drawdown | -30.03% | -21.58% |
| Current Drawdown | -0.57% | -0.53% |
Correlation
The correlation between VWEAX and HYDB is 0.60, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
VWEAX vs. HYDB - Performance Comparison
In the year-to-date period, VWEAX achieves a 6.09% return, which is significantly lower than HYDB's 9.15% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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VWEAX vs. HYDB - Expense Ratio Comparison
VWEAX has a 0.13% expense ratio, which is lower than HYDB's 0.35% expense ratio.
Risk-Adjusted Performance
VWEAX vs. HYDB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard High-Yield Corporate Fund Admiral Shares (VWEAX) and iShares High Yield Bond Factor ETF (HYDB). 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.
Dividends
VWEAX vs. HYDB - Dividend Comparison
VWEAX's dividend yield for the trailing twelve months is around 6.10%, less than HYDB's 6.98% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VWEAX Vanguard High-Yield Corporate Fund Admiral Shares | 6.10% | 5.79% | 5.20% | 4.24% | 4.72% | 5.32% | 6.10% | 5.42% | 5.49% | 5.99% | 5.71% | 5.89% |
HYDB iShares High Yield Bond Factor ETF | 6.98% | 7.00% | 6.30% | 4.70% | 5.81% | 5.68% | 6.17% | 2.70% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
VWEAX vs. HYDB - Drawdown Comparison
The maximum VWEAX drawdown since its inception was -30.03%, which is greater than HYDB's maximum drawdown of -21.58%. Use the drawdown chart below to compare losses from any high point for VWEAX and HYDB. For additional features, visit the drawdowns tool.
Volatility
VWEAX vs. HYDB - Volatility Comparison
The current volatility for Vanguard High-Yield Corporate Fund Admiral Shares (VWEAX) is 0.71%, while iShares High Yield Bond Factor ETF (HYDB) has a volatility of 1.26%. This indicates that VWEAX experiences smaller price fluctuations and is considered to be less risky than HYDB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.