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.
Key characteristics
| VWEHX | HYG | |
|---|---|---|
| YTD Return | 6.03% | 8.49% |
| 1Y Return | 11.41% | 13.41% |
| 3Y Return (Ann) | 2.74% | 2.81% |
| 5Y Return (Ann) | 3.70% | 3.55% |
| 10Y Return (Ann) | 4.41% | 3.97% |
| Sharpe Ratio | 3.44 | 3.06 |
| Sortino Ratio | 5.94 | 4.84 |
| Omega Ratio | 1.90 | 1.60 |
| Calmar Ratio | 3.54 | 2.61 |
| Martin Ratio | 22.19 | 23.68 |
| Ulcer Index | 0.56% | 0.61% |
| Daily Std Dev | 3.63% | 4.76% |
| Max Drawdown | -30.17% | -34.24% |
| Current Drawdown | -0.58% | -0.49% |
Correlation
The correlation between VWEHX and HYG is 0.50, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
VWEHX vs. HYG - Performance Comparison
In the year-to-date period, VWEHX achieves a 6.03% return, which is significantly lower than HYG's 8.49% return. Over the past 10 years, VWEHX has outperformed HYG with an annualized return of 4.41%, while HYG has yielded a comparatively lower 3.97% 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. 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 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 6.03%, more than HYG's 5.89% 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% |
HYG iShares iBoxx $ High Yield Corporate Bond ETF | 5.89% | 5.75% | 5.30% | 4.02% | 4.88% | 4.99% | 5.54% | 5.12% | 5.27% | 5.90% | 5.69% | 6.10% |
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 0.68%, while iShares iBoxx $ High Yield Corporate Bond ETF (HYG) has a volatility of 1.13%. 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.