VWEAX vs. OSTIX
Compare and contrast key facts about Vanguard High-Yield Corporate Fund Admiral Shares (VWEAX) and Osterweis Strategic Income Fund (OSTIX).
VWEAX is managed by Vanguard. It was launched on Nov 12, 2001. OSTIX is managed by Osterweis. It was launched on Aug 30, 2002.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VWEAX or OSTIX.
Key characteristics
| VWEAX | OSTIX | |
|---|---|---|
| YTD Return | 6.48% | 7.23% |
| 1Y Return | 12.98% | 11.79% |
| 3Y Return (Ann) | 2.78% | 4.24% |
| 5Y Return (Ann) | 3.86% | 5.62% |
| 10Y Return (Ann) | 4.52% | 4.57% |
| Sharpe Ratio | 3.44 | 6.44 |
| Sortino Ratio | 5.91 | 14.48 |
| Omega Ratio | 1.90 | 3.63 |
| Calmar Ratio | 3.07 | 18.63 |
| Martin Ratio | 22.45 | 84.30 |
| Ulcer Index | 0.56% | 0.14% |
| Daily Std Dev | 3.64% | 1.83% |
| Max Drawdown | -30.03% | -10.06% |
| Current Drawdown | -0.20% | 0.00% |
Correlation
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.
Performance
VWEAX vs. OSTIX - Performance Comparison
In the year-to-date period, VWEAX achieves a 6.48% return, which is significantly lower than OSTIX's 7.23% return. Both investments have delivered pretty close results over the past 10 years, with VWEAX having a 4.52% annualized return and OSTIX not far ahead at 4.57%. 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. OSTIX - Expense Ratio Comparison
VWEAX has a 0.13% expense ratio, which is lower than OSTIX's 0.84% expense ratio.
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.
Dividends
VWEAX vs. OSTIX - Dividend Comparison
VWEAX's dividend yield for the trailing twelve months is around 6.08%, which matches OSTIX's 6.04% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VWEAX Vanguard High-Yield Corporate Fund Admiral Shares | 6.08% | 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 | 6.04% | 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.
Volatility
VWEAX vs. OSTIX - Volatility Comparison
Vanguard High-Yield Corporate Fund Admiral Shares (VWEAX) has a higher volatility of 0.65% compared to Osterweis Strategic Income Fund (OSTIX) at 0.39%. 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.