VWEHX vs. BHYIX
Compare and contrast key facts about Vanguard High-Yield Corporate Fund Investor Shares (VWEHX) and BlackRock High Yield Bond Portfolio Institutional Shares (BHYIX).
VWEHX is managed by Vanguard. It was launched on Dec 27, 1978. BHYIX is managed by Blackrock. It was launched on Nov 19, 1998.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VWEHX or BHYIX.
Key characteristics
| VWEHX | BHYIX | |
|---|---|---|
| YTD Return | 6.03% | 8.17% |
| 1Y Return | 11.41% | 13.67% |
| 3Y Return (Ann) | 2.74% | 3.42% |
| 5Y Return (Ann) | 3.70% | 4.72% |
| 10Y Return (Ann) | 4.41% | 4.53% |
| Sharpe Ratio | 3.44 | 3.79 |
| Sortino Ratio | 5.94 | 6.42 |
| Omega Ratio | 1.90 | 1.97 |
| Calmar Ratio | 3.54 | 4.08 |
| Martin Ratio | 22.19 | 30.79 |
| Ulcer Index | 0.56% | 0.44% |
| Daily Std Dev | 3.63% | 3.69% |
| Max Drawdown | -30.17% | -34.81% |
| Current Drawdown | -0.58% | -0.28% |
Correlation
The correlation between VWEHX and BHYIX is 0.79, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
VWEHX vs. BHYIX - Performance Comparison
In the year-to-date period, VWEHX achieves a 6.03% return, which is significantly lower than BHYIX's 8.17% return. Both investments have delivered pretty close results over the past 10 years, with VWEHX having a 4.41% annualized return and BHYIX not far ahead at 4.53%. 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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VWEHX vs. BHYIX - Expense Ratio Comparison
VWEHX has a 0.23% expense ratio, which is lower than BHYIX's 0.59% expense ratio.
Risk-Adjusted Performance
VWEHX vs. BHYIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard High-Yield Corporate Fund Investor Shares (VWEHX) and BlackRock High Yield Bond Portfolio Institutional Shares (BHYIX). 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
VWEHX vs. BHYIX - Dividend Comparison
VWEHX's dividend yield for the trailing twelve months is around 6.03%, less than BHYIX's 6.94% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VWEHX Vanguard High-Yield Corporate Fund Investor Shares | 6.03% | 5.68% | 5.11% | 4.15% | 4.62% | 5.25% | 5.93% | 5.30% | 5.39% | 5.88% | 5.59% | 5.79% |
BHYIX BlackRock High Yield Bond Portfolio Institutional Shares | 6.94% | 6.68% | 5.86% | 4.74% | 5.12% | 5.56% | 6.19% | 5.63% | 5.60% | 5.69% | 5.93% | 6.10% |
Drawdowns
VWEHX vs. BHYIX - Drawdown Comparison
The maximum VWEHX drawdown since its inception was -30.17%, smaller than the maximum BHYIX drawdown of -34.81%. Use the drawdown chart below to compare losses from any high point for VWEHX and BHYIX. For additional features, visit the drawdowns tool.
Volatility
VWEHX vs. BHYIX - Volatility Comparison
The current volatility for Vanguard High-Yield Corporate Fund Investor Shares (VWEHX) is 0.68%, while BlackRock High Yield Bond Portfolio Institutional Shares (BHYIX) has a volatility of 0.79%. This indicates that VWEHX experiences smaller price fluctuations and is considered to be less risky than BHYIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.