VWEAX vs. VOO
Compare and contrast key facts about Vanguard High-Yield Corporate Fund Admiral Shares (VWEAX) and Vanguard S&P 500 ETF (VOO).
VWEAX is managed by Vanguard. It was launched on Nov 12, 2001. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VWEAX or VOO.
Key characteristics
| VWEAX | VOO | |
|---|---|---|
| YTD Return | 6.09% | 26.88% |
| 1Y Return | 12.57% | 37.59% |
| 3Y Return (Ann) | 2.83% | 10.23% |
| 5Y Return (Ann) | 3.79% | 15.93% |
| 10Y Return (Ann) | 4.52% | 13.41% |
| Sharpe Ratio | 3.46 | 3.06 |
| Sortino Ratio | 5.98 | 4.08 |
| Omega Ratio | 1.90 | 1.58 |
| Calmar Ratio | 3.08 | 4.43 |
| Martin Ratio | 22.42 | 20.25 |
| Ulcer Index | 0.56% | 1.85% |
| Daily Std Dev | 3.63% | 12.23% |
| Max Drawdown | -30.03% | -33.99% |
| Current Drawdown | -0.57% | -0.30% |
Correlation
The correlation between VWEAX and VOO is 0.37, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
VWEAX vs. VOO - Performance Comparison
In the year-to-date period, VWEAX achieves a 6.09% return, which is significantly lower than VOO's 26.88% return. Over the past 10 years, VWEAX has underperformed VOO with an annualized return of 4.52%, while VOO has yielded a comparatively higher 13.41% annualized 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. VOO - Expense Ratio Comparison
VWEAX has a 0.13% expense ratio, which is higher than VOO's 0.03% 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%.
Risk-Adjusted Performance
VWEAX vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard High-Yield Corporate Fund Admiral Shares (VWEAX) and Vanguard S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
VWEAX's dividend yield for the trailing twelve months is around 6.10%, more than VOO's 1.23% 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% |
VOO Vanguard S&P 500 ETF | 1.23% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
VWEAX vs. VOO - Drawdown Comparison
The maximum VWEAX drawdown since its inception was -30.03%, smaller than the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for VWEAX and VOO. For additional features, visit the drawdowns tool.
Volatility
VWEAX vs. VOO - Volatility Comparison
The current volatility for Vanguard High-Yield Corporate Fund Admiral Shares (VWEAX) is 0.71%, while Vanguard S&P 500 ETF (VOO) has a volatility of 3.89%. This indicates that VWEAX experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.