VWEHX vs. JNK
Compare and contrast key facts about Vanguard High-Yield Corporate Fund Investor Shares (VWEHX) and SPDR Barclays High Yield Bond ETF (JNK).
VWEHX is managed by Vanguard. It was launched on Dec 27, 1978. JNK is a passively managed fund by State Street that tracks the performance of the Barclays Capital High Yield Very Liquid Index. It was launched on Nov 28, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VWEHX or JNK.
Performance
VWEHX vs. JNK - Performance Comparison
Returns By Period
In the year-to-date period, VWEHX achieves a 6.03% return, which is significantly lower than JNK's 7.87% return. Over the past 10 years, VWEHX has outperformed JNK with an annualized return of 4.44%, while JNK has yielded a comparatively lower 3.68% annualized return.
VWEHX
6.03%
0.33%
5.27%
10.98%
3.73%
4.44%
JNK
7.87%
0.68%
6.35%
12.38%
3.55%
3.68%
Key characteristics
| VWEHX | JNK | |
|---|---|---|
| Sharpe Ratio | 3.19 | 2.72 |
| Sortino Ratio | 5.34 | 4.16 |
| Omega Ratio | 1.80 | 1.52 |
| Calmar Ratio | 3.55 | 2.28 |
| Martin Ratio | 19.57 | 20.48 |
| Ulcer Index | 0.57% | 0.62% |
| Daily Std Dev | 3.51% | 4.66% |
| Max Drawdown | -30.17% | -38.48% |
| Current Drawdown | -0.58% | -0.43% |
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VWEHX vs. JNK - Expense Ratio Comparison
VWEHX has a 0.23% expense ratio, which is lower than JNK's 0.40% expense ratio.
Correlation
The correlation between VWEHX and JNK is 0.49, 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.
Risk-Adjusted Performance
VWEHX vs. JNK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard High-Yield Corporate Fund Investor Shares (VWEHX) and SPDR Barclays High Yield Bond ETF (JNK). 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. JNK - Dividend Comparison
VWEHX's dividend yield for the trailing twelve months is around 6.03%, less than JNK's 6.55% 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% |
JNK SPDR Barclays High Yield Bond ETF | 6.55% | 6.38% | 6.06% | 4.26% | 5.11% | 5.44% | 5.90% | 5.60% | 6.06% | 6.60% | 5.99% | 6.05% |
Drawdowns
VWEHX vs. JNK - Drawdown Comparison
The maximum VWEHX drawdown since its inception was -30.17%, smaller than the maximum JNK drawdown of -38.48%. Use the drawdown chart below to compare losses from any high point for VWEHX and JNK. For additional features, visit the drawdowns tool.
Volatility
VWEHX vs. JNK - Volatility Comparison
The current volatility for Vanguard High-Yield Corporate Fund Investor Shares (VWEHX) is 0.70%, while SPDR Barclays High Yield Bond ETF (JNK) has a volatility of 1.02%. This indicates that VWEHX experiences smaller price fluctuations and is considered to be less risky than JNK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.