VWEHX vs. BND
Compare and contrast key facts about Vanguard High-Yield Corporate Fund Investor Shares (VWEHX) and Vanguard Total Bond Market ETF (BND).
VWEHX is managed by Vanguard. It was launched on Dec 27, 1978. BND is a passively managed fund by Vanguard that tracks the performance of the Bloomberg U.S. Aggregate Float Adjusted Index. It was launched on Apr 3, 2007.
Performance
VWEHX vs. BND - Performance Comparison
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VWEHX vs. BND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VWEHX Vanguard High-Yield Corporate Fund Investor Shares | -1.15% | 9.38% | 6.33% | 11.66% | -9.04% | 2.97% | 5.30% | 15.81% | -2.93% | 7.05% |
BND Vanguard Total Bond Market ETF | 0.09% | 7.08% | 1.38% | 5.65% | -13.11% | -1.86% | 7.71% | 8.84% | -0.12% | 3.57% |
Returns By Period
In the year-to-date period, VWEHX achieves a -1.15% return, which is significantly lower than BND's 0.09% return. Over the past 10 years, VWEHX has outperformed BND with an annualized return of 5.18%, while BND has yielded a comparatively lower 1.68% annualized return.
VWEHX
- 1D
- 0.55%
- 1M
- -1.62%
- YTD
- -1.15%
- 6M
- 0.56%
- 1Y
- 6.47%
- 3Y*
- 7.55%
- 5Y*
- 3.89%
- 10Y*
- 5.18%
BND
- 1D
- 0.04%
- 1M
- -1.30%
- YTD
- 0.09%
- 6M
- 0.74%
- 1Y
- 3.96%
- 3Y*
- 3.60%
- 5Y*
- 0.25%
- 10Y*
- 1.68%
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VWEHX vs. BND - Expense Ratio Comparison
VWEHX has a 0.23% expense ratio, which is higher than BND'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%.
Return for Risk
VWEHX vs. BND — Risk / Return Rank
VWEHX
BND
VWEHX vs. BND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard High-Yield Corporate Fund Investor Shares (VWEHX) and Vanguard Total Bond Market ETF (BND). 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.
| VWEHX | BND | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.90 | 0.93 | +0.98 |
Sortino ratioReturn per unit of downside risk | 2.86 | 1.32 | +1.54 |
Omega ratioGain probability vs. loss probability | 1.46 | 1.16 | +0.30 |
Calmar ratioReturn relative to maximum drawdown | 2.79 | 1.75 | +1.03 |
Martin ratioReturn relative to average drawdown | 11.37 | 4.78 | +6.59 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VWEHX | BND | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.90 | 0.93 | +0.98 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.80 | 0.04 | +0.76 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.99 | 0.30 | +0.68 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.87 | 0.59 | +0.28 |
Correlation
The correlation between VWEHX and BND is 0.17, 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.
Dividends
VWEHX vs. BND - Dividend Comparison
VWEHX's dividend yield for the trailing twelve months is around 5.78%, more than BND's 3.93% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VWEHX Vanguard High-Yield Corporate Fund Investor Shares | 5.78% | 6.15% | 6.11% | 5.68% | 5.11% | 3.43% | 4.62% | 5.24% | 5.94% | 5.29% | 5.41% | 6.42% |
BND Vanguard Total Bond Market ETF | 3.93% | 3.86% | 3.67% | 3.09% | 2.60% | 2.12% | 2.38% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% |
Drawdowns
VWEHX vs. BND - Drawdown Comparison
The maximum VWEHX drawdown since its inception was -30.17%, which is greater than BND's maximum drawdown of -18.58%. Use the drawdown chart below to compare losses from any high point for VWEHX and BND.
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Drawdown Indicators
| VWEHX | BND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.17% | -18.58% | -11.59% |
Max Drawdown (1Y)Largest decline over 1 year | -2.52% | -2.44% | -0.08% |
Max Drawdown (5Y)Largest decline over 5 years | -13.83% | -17.91% | +4.08% |
Max Drawdown (10Y)Largest decline over 10 years | -19.69% | -18.58% | -1.11% |
Current DrawdownCurrent decline from peak | -1.80% | -2.54% | +0.74% |
Average DrawdownAverage peak-to-trough decline | -4.30% | -3.07% | -1.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.62% | 0.90% | -0.28% |
Volatility
VWEHX vs. BND - Volatility Comparison
The current volatility for Vanguard High-Yield Corporate Fund Investor Shares (VWEHX) is 1.39%, while Vanguard Total Bond Market ETF (BND) has a volatility of 1.63%. This indicates that VWEHX experiences smaller price fluctuations and is considered to be less risky than BND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VWEHX | BND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.39% | 1.63% | -0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 2.29% | 2.52% | -0.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.45% | 4.30% | -0.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.85% | 6.00% | -1.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.26% | 5.52% | -0.26% |