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 Barclays Capital U.S. Aggregate Bond Index. It was launched on Apr 3, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VWEHX or BND.
Key characteristics
| VWEHX | BND | |
|---|---|---|
| YTD Return | 6.03% | 1.59% |
| 1Y Return | 12.49% | 7.87% |
| 3Y Return (Ann) | 2.74% | -2.37% |
| 5Y Return (Ann) | 3.70% | -0.27% |
| 10Y Return (Ann) | 4.41% | 1.41% |
| Sharpe Ratio | 3.44 | 1.34 |
| Sortino Ratio | 5.94 | 1.98 |
| Omega Ratio | 1.90 | 1.24 |
| Calmar Ratio | 2.93 | 0.50 |
| Martin Ratio | 22.24 | 4.75 |
| Ulcer Index | 0.56% | 1.65% |
| Daily Std Dev | 3.63% | 5.84% |
| Max Drawdown | -30.17% | -18.84% |
| Current Drawdown | -0.58% | -9.17% |
Correlation
The correlation between VWEHX and BND is 0.16, 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
VWEHX vs. BND - Performance Comparison
In the year-to-date period, VWEHX achieves a 6.03% return, which is significantly higher than BND's 1.59% return. Over the past 10 years, VWEHX has outperformed BND with an annualized return of 4.41%, while BND has yielded a comparatively lower 1.41% 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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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%.
Risk-Adjusted Performance
VWEHX vs. BND - Risk-Adjusted Performance 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.
Dividends
VWEHX vs. BND - Dividend Comparison
VWEHX's dividend yield for the trailing twelve months is around 6.03%, more than BND's 3.58% 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% |
BND Vanguard Total Bond Market ETF | 3.58% | 3.09% | 2.60% | 1.97% | 2.22% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% | 2.79% | 2.78% |
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 -18.84%. Use the drawdown chart below to compare losses from any high point for VWEHX and BND. For additional features, visit the drawdowns tool.
Volatility
VWEHX vs. BND - Volatility Comparison
The current volatility for Vanguard High-Yield Corporate Fund Investor Shares (VWEHX) is 0.71%, while Vanguard Total Bond Market ETF (BND) has a volatility of 1.77%. 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.