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

Performance

VWEAX vs. OSTIX - Performance Comparison

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

-1.00%0.00%1.00%2.00%3.00%4.00%5.00%6.00%JuneJulyAugustSeptemberOctoberNovember
5.31%
4.21%
VWEAX
OSTIX

Returns By Period

In the year-to-date period, VWEAX achieves a 6.09% return, which is significantly lower than OSTIX's 7.33% return. Both investments have delivered pretty close results over the past 10 years, with VWEAX having a 4.55% annualized return and OSTIX not far ahead at 4.65%.


VWEAX

YTD

6.09%

1M

0.34%

6M

5.31%

1Y

11.06%

5Y (annualized)

3.82%

10Y (annualized)

4.55%

OSTIX

YTD

7.33%

1M

0.57%

6M

4.22%

1Y

11.06%

5Y (annualized)

5.72%

10Y (annualized)

4.65%

Key characteristics


VWEAXOSTIX
Sharpe Ratio3.216.29
Sortino Ratio5.3813.59
Omega Ratio1.803.51
Calmar Ratio3.7917.64
Martin Ratio19.7679.39
Ulcer Index0.57%0.14%
Daily Std Dev3.52%1.77%
Max Drawdown-30.03%-10.06%
Current Drawdown-0.57%0.00%

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VWEAX vs. OSTIX - Expense Ratio Comparison

VWEAX has a 0.13% expense ratio, which is lower than OSTIX's 0.84% expense ratio.


OSTIX
Osterweis Strategic Income Fund
Expense ratio chart for OSTIX: current value at 0.84% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.84%
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%

Correlation

-0.50.00.51.00.5

The correlation between VWEAX and OSTIX is 0.52, 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.

Risk-Adjusted Performance

VWEAX vs. OSTIX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard High-Yield Corporate Fund Admiral Shares (VWEAX) and Osterweis Strategic Income Fund (OSTIX). 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 3.21, compared to the broader market-1.000.001.002.003.004.005.003.216.29
The chart of Sortino ratio for VWEAX, currently valued at 5.38, compared to the broader market0.005.0010.005.3813.59
The chart of Omega ratio for VWEAX, currently valued at 1.80, compared to the broader market1.002.003.004.001.803.51
The chart of Calmar ratio for VWEAX, currently valued at 3.79, compared to the broader market0.005.0010.0015.0020.003.7917.64
The chart of Martin ratio for VWEAX, currently valued at 19.76, compared to the broader market0.0020.0040.0060.0080.00100.0019.7679.39
VWEAX
OSTIX

The current VWEAX Sharpe Ratio is 3.21, which is lower than the OSTIX Sharpe Ratio of 6.29. The chart below compares the historical Sharpe Ratios of VWEAX and OSTIX, 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 Ratio2.003.004.005.006.007.00JuneJulyAugustSeptemberOctoberNovember
3.21
6.29
VWEAX
OSTIX

Dividends

VWEAX vs. OSTIX - Dividend Comparison

VWEAX's dividend yield for the trailing twelve months is around 6.10%, more than OSTIX's 6.03% yield.


TTM20232022202120202019201820172016201520142013
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%
OSTIX
Osterweis Strategic Income Fund
6.03%5.71%4.71%4.03%3.85%4.74%4.66%4.58%5.24%5.98%5.15%4.70%

Drawdowns

VWEAX vs. OSTIX - Drawdown Comparison

The maximum VWEAX drawdown since its inception was -30.03%, which is greater than OSTIX's maximum drawdown of -10.06%. Use the drawdown chart below to compare losses from any high point for VWEAX and OSTIX. For additional features, visit the drawdowns tool.


-1.00%-0.80%-0.60%-0.40%-0.20%0.00%JuneJulyAugustSeptemberOctoberNovember
-0.57%
0
VWEAX
OSTIX

Volatility

VWEAX vs. OSTIX - Volatility Comparison

Vanguard High-Yield Corporate Fund Admiral Shares (VWEAX) has a higher volatility of 0.70% compared to Osterweis Strategic Income Fund (OSTIX) at 0.45%. This indicates that VWEAX's price experiences larger fluctuations and is considered to be riskier than OSTIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.20%0.40%0.60%0.80%1.00%1.20%JuneJulyAugustSeptemberOctoberNovember
0.70%
0.45%
VWEAX
OSTIX