VWEHX vs. HYG
Compare and contrast key facts about Vanguard High-Yield Corporate Fund Investor Shares (VWEHX) and iShares iBoxx $ High Yield Corporate Bond ETF (HYG).
VWEHX is managed by Vanguard. It was launched on Dec 27, 1978. HYG is a passively managed fund by iShares that tracks the performance of the iBoxx $ Liquid High Yield Index. It was launched on Apr 11, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VWEHX or HYG.
Correlation
The correlation between VWEHX and HYG is 0.33, 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. HYG - Performance Comparison
Key characteristics
VWEHX:
2.46
HYG:
1.55
VWEHX:
3.77
HYG:
2.30
VWEHX:
1.60
HYG:
1.33
VWEHX:
3.29
HYG:
1.95
VWEHX:
13.40
HYG:
10.43
VWEHX:
0.64%
HYG:
0.85%
VWEHX:
3.49%
HYG:
5.74%
VWEHX:
-30.17%
HYG:
-34.24%
VWEHX:
-0.40%
HYG:
-0.75%
Returns By Period
The year-to-date returns for both investments are quite close, with VWEHX having a 1.54% return and HYG slightly higher at 1.57%. Over the past 10 years, VWEHX has outperformed HYG with an annualized return of 4.36%, while HYG has yielded a comparatively lower 3.91% annualized return.
VWEHX
1.54%
0.52%
2.36%
8.77%
5.45%
4.36%
HYG
1.57%
0.45%
2.26%
9.04%
5.38%
3.91%
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VWEHX vs. HYG - Expense Ratio Comparison
VWEHX has a 0.23% expense ratio, which is lower than HYG's 0.49% expense ratio.
Risk-Adjusted Performance
VWEHX vs. HYG — Risk-Adjusted Performance Rank
VWEHX
HYG
VWEHX vs. HYG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard High-Yield Corporate Fund Investor Shares (VWEHX) and iShares iBoxx $ High Yield Corporate Bond ETF (HYG). 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. HYG - Dividend Comparison
VWEHX's dividend yield for the trailing twelve months is around 6.16%, more than HYG's 5.87% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VWEHX Vanguard High-Yield Corporate Fund Investor Shares | 6.16% | 6.13% | 5.68% | 5.11% | 4.15% | 4.62% | 5.25% | 5.93% | 5.30% | 5.39% | 5.88% | 5.59% |
HYG iShares iBoxx $ High Yield Corporate Bond ETF | 5.87% | 6.01% | 5.74% | 5.30% | 4.02% | 4.88% | 4.99% | 5.54% | 5.12% | 5.27% | 5.90% | 5.69% |
Drawdowns
VWEHX vs. HYG - Drawdown Comparison
The maximum VWEHX drawdown since its inception was -30.17%, smaller than the maximum HYG drawdown of -34.24%. Use the drawdown chart below to compare losses from any high point for VWEHX and HYG. For additional features, visit the drawdowns tool.
Volatility
VWEHX vs. HYG - Volatility Comparison
The current volatility for Vanguard High-Yield Corporate Fund Investor Shares (VWEHX) is 1.95%, while iShares iBoxx $ High Yield Corporate Bond ETF (HYG) has a volatility of 4.20%. This indicates that VWEHX experiences smaller price fluctuations and is considered to be less risky than HYG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.