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

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.


-0.50.00.51.00.6

Performance

VWEAX vs. HYDB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard High-Yield Corporate Fund Admiral Shares (VWEAX) and iShares High Yield Bond Factor ETF (HYDB). The values are adjusted to include any dividend payments, if applicable.

30.00%35.00%40.00%45.00%50.00%JulyAugustSeptemberOctoberNovemberDecember
34.80%
46.41%
VWEAX
HYDB

Key characteristics

Sharpe Ratio

VWEAX:

1.95

HYDB:

1.99

Sortino Ratio

VWEAX:

2.95

HYDB:

2.88

Omega Ratio

VWEAX:

1.43

HYDB:

1.37

Calmar Ratio

VWEAX:

3.35

HYDB:

4.66

Martin Ratio

VWEAX:

10.57

HYDB:

15.62

Ulcer Index

VWEAX:

0.59%

HYDB:

0.58%

Daily Std Dev

VWEAX:

3.20%

HYDB:

4.54%

Max Drawdown

VWEAX:

-30.03%

HYDB:

-21.58%

Current Drawdown

VWEAX:

-1.29%

HYDB:

-1.20%

Returns By Period

In the year-to-date period, VWEAX achieves a 5.31% return, which is significantly lower than HYDB's 8.98% return.


VWEAX

YTD

5.31%

1M

-0.73%

6M

3.60%

1Y

6.04%

5Y*

3.30%

10Y*

4.53%

HYDB

YTD

8.98%

1M

-0.39%

6M

4.92%

1Y

8.67%

5Y*

4.84%

10Y*

N/A

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


VWEAX vs. HYDB - Expense Ratio Comparison

VWEAX has a 0.13% expense ratio, which is lower than HYDB's 0.35% expense ratio.


HYDB
iShares High Yield Bond Factor ETF
Expense ratio chart for HYDB: current value at 0.35% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.35%
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%

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.


Sharpe ratio
The chart of Sharpe ratio for VWEAX, currently valued at 1.95, compared to the broader market-1.000.001.002.003.004.001.951.99
The chart of Sortino ratio for VWEAX, currently valued at 2.95, compared to the broader market-2.000.002.004.006.008.0010.002.952.88
The chart of Omega ratio for VWEAX, currently valued at 1.43, compared to the broader market0.501.001.502.002.503.003.501.431.37
The chart of Calmar ratio for VWEAX, currently valued at 3.35, compared to the broader market0.002.004.006.008.0010.0012.0014.003.354.66
The chart of Martin ratio for VWEAX, currently valued at 10.57, compared to the broader market0.0020.0040.0060.0010.5715.62
VWEAX
HYDB

The current VWEAX Sharpe Ratio is 1.95, which is comparable to the HYDB Sharpe Ratio of 1.99. The chart below compares the historical Sharpe Ratios of VWEAX and HYDB, 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 Ratio2.002.503.003.504.00JulyAugustSeptemberOctoberNovemberDecember
1.95
1.99
VWEAX
HYDB

Dividends

VWEAX vs. HYDB - Dividend Comparison

VWEAX's dividend yield for the trailing twelve months is around 5.65%, less than HYDB's 6.96% yield.


TTM20232022202120202019201820172016201520142013
VWEAX
Vanguard High-Yield Corporate Fund Admiral Shares
5.65%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
6.96%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.


-1.50%-1.00%-0.50%0.00%JulyAugustSeptemberOctoberNovemberDecember
-1.29%
-1.20%
VWEAX
HYDB

Volatility

VWEAX vs. HYDB - Volatility Comparison

The current volatility for Vanguard High-Yield Corporate Fund Admiral Shares (VWEAX) is 0.72%, while iShares High Yield Bond Factor ETF (HYDB) has a volatility of 1.56%. 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.


0.60%0.80%1.00%1.20%1.40%1.60%JulyAugustSeptemberOctoberNovemberDecember
0.72%
1.56%
VWEAX
HYDB
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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