VWEHX vs. PBHAX
Compare and contrast key facts about Vanguard High-Yield Corporate Fund Investor Shares (VWEHX) and PGIM High Yield Fund (PBHAX).
VWEHX is managed by Vanguard. It was launched on Dec 27, 1978. PBHAX is managed by PGIM. It was launched on Jan 22, 1990.
Performance
VWEHX vs. PBHAX - Performance Comparison
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VWEHX vs. PBHAX - 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% |
PBHAX PGIM High Yield Fund | -0.83% | 8.79% | 6.89% | 10.75% | -12.51% | 5.63% | 4.87% | 15.86% | -1.53% | 7.50% |
Returns By Period
In the year-to-date period, VWEHX achieves a -1.15% return, which is significantly lower than PBHAX's -0.83% return. Both investments have delivered pretty close results over the past 10 years, with VWEHX having a 5.18% annualized return and PBHAX not far ahead at 5.22%.
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%
PBHAX
- 1D
- 0.63%
- 1M
- -1.65%
- YTD
- -0.83%
- 6M
- 0.32%
- 1Y
- 6.13%
- 3Y*
- 7.45%
- 5Y*
- 3.14%
- 10Y*
- 5.22%
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VWEHX vs. PBHAX - Expense Ratio Comparison
VWEHX has a 0.23% expense ratio, which is lower than PBHAX's 0.75% expense ratio.
Return for Risk
VWEHX vs. PBHAX — Risk / Return Rank
VWEHX
PBHAX
VWEHX vs. PBHAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard High-Yield Corporate Fund Investor Shares (VWEHX) and PGIM High Yield Fund (PBHAX). 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 | PBHAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.90 | 1.68 | +0.23 |
Sortino ratioReturn per unit of downside risk | 2.86 | 2.48 | +0.38 |
Omega ratioGain probability vs. loss probability | 1.46 | 1.40 | +0.06 |
Calmar ratioReturn relative to maximum drawdown | 2.79 | 2.30 | +0.49 |
Martin ratioReturn relative to average drawdown | 11.37 | 9.48 | +1.89 |
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 | PBHAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.90 | 1.68 | +0.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.80 | 0.63 | +0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.99 | 0.96 | +0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.87 | 1.34 | -0.47 |
Correlation
The correlation between VWEHX and PBHAX is 0.65, 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.
Dividends
VWEHX vs. PBHAX - Dividend Comparison
VWEHX's dividend yield for the trailing twelve months is around 5.78%, less than PBHAX's 6.24% 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% |
PBHAX PGIM High Yield Fund | 6.24% | 6.71% | 6.01% | 5.73% | 5.94% | 5.88% | 5.70% | 5.96% | 6.26% | 5.98% | 4.61% | 6.64% |
Drawdowns
VWEHX vs. PBHAX - Drawdown Comparison
The maximum VWEHX drawdown since its inception was -30.17%, roughly equal to the maximum PBHAX drawdown of -28.80%. Use the drawdown chart below to compare losses from any high point for VWEHX and PBHAX.
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Drawdown Indicators
| VWEHX | PBHAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.17% | -28.80% | -1.37% |
Max Drawdown (1Y)Largest decline over 1 year | -2.52% | -2.94% | +0.42% |
Max Drawdown (5Y)Largest decline over 5 years | -13.83% | -16.22% | +2.39% |
Max Drawdown (10Y)Largest decline over 10 years | -19.69% | -21.14% | +1.45% |
Current DrawdownCurrent decline from peak | -1.80% | -1.65% | -0.15% |
Average DrawdownAverage peak-to-trough decline | -4.30% | -2.88% | -1.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.62% | 0.71% | -0.09% |
Volatility
VWEHX vs. PBHAX - Volatility Comparison
Vanguard High-Yield Corporate Fund Investor Shares (VWEHX) and PGIM High Yield Fund (PBHAX) have volatilities of 1.39% and 1.41%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VWEHX | PBHAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.39% | 1.41% | -0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 2.29% | 2.47% | -0.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.45% | 3.82% | -0.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.85% | 5.01% | -0.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.26% | 5.48% | -0.22% |