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VWEHX vs. PHB
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

VWEHX vs. PHB

Last updated May 12, 2025

Compare and contrast key facts about Vanguard High-Yield Corporate Fund Investor Shares (VWEHX) and Invesco Fundamental High Yield® Corporate Bond ETF (PHB).

VWEHX is managed by Vanguard. It was launched on Dec 27, 1978. PHB is a passively managed fund by Invesco that tracks the performance of the RAFI Bonds US High Yield 1-10 Index. It was launched on Nov 15, 2007.

Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VWEHX or PHB.

Correlation

The correlation between VWEHX and PHB is 0.00. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Performance

VWEHX vs. PHB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard High-Yield Corporate Fund Investor Shares (VWEHX) and Invesco Fundamental High Yield® Corporate Bond ETF (PHB). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Returns By Period

VWEHX

YTD

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1M

N/A

6M

N/A

1Y

N/A

5Y*

N/A

10Y*

N/A

PHB

YTD

N/A

1M

N/A

6M

N/A

1Y

N/A

5Y*

N/A

10Y*

N/A

*Annualized

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VWEHX vs. PHB - Expense Ratio Comparison

VWEHX has a 0.23% expense ratio, which is lower than PHB's 0.50% expense ratio.

PHB
Invesco Fundamental High Yield® Corporate Bond ETF
VWEHX
Vanguard High-Yield Corporate Fund Investor Shares

Risk-Adjusted Performance

VWEHX vs. PHB — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VWEHX
The Risk-Adjusted Performance Rank of VWEHX is 9494
Overall Rank
The Sharpe Ratio Rank of VWEHX is 9494
Sharpe Ratio Rank
The Sortino Ratio Rank of VWEHX is 9494
Sortino Ratio Rank
The Omega Ratio Rank of VWEHX is 9494
Omega Ratio Rank
The Calmar Ratio Rank of VWEHX is 9595
Calmar Ratio Rank
The Martin Ratio Rank of VWEHX is 9595
Martin Ratio Rank
PHB
The Risk-Adjusted Performance Rank of PHB is 8888
Overall Rank
The Sharpe Ratio Rank of PHB is 8787
Sharpe Ratio Rank
The Sortino Ratio Rank of PHB is 8585
Sortino Ratio Rank
The Omega Ratio Rank of PHB is 8686
Omega Ratio Rank
The Calmar Ratio Rank of PHB is 9090
Calmar Ratio Rank
The Martin Ratio Rank of PHB is 9090
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

VWEHX vs. PHB - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard High-Yield Corporate Fund Investor Shares (VWEHX) and Invesco Fundamental High Yield® Corporate Bond ETF (PHB). 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.

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Dividends

VWEHX vs. PHB - Dividend Comparison

VWEHX has not paid dividends to shareholders, while PHB's dividend yield for the trailing twelve months is around 5.91%.

TTM20242023202220212020201920182017201620152014
VWEHX
Vanguard High-Yield Corporate Fund Investor Shares		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
PHB
Invesco Fundamental High Yield® Corporate Bond ETF		5.91%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

VWEHX vs. PHB - Drawdown Comparison

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Volatility

VWEHX vs. PHB - Volatility Comparison

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