VWEHX vs. PHB
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.
Performance
VWEHX vs. PHB - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with VWEHX having a 6.03% return and PHB slightly lower at 5.88%. Over the past 10 years, VWEHX has outperformed PHB with an annualized return of 4.44%, while PHB has yielded a comparatively lower 3.93% annualized return.
VWEHX
6.03%
0.33%
5.27%
10.98%
3.73%
4.44%
PHB
5.88%
0.26%
4.94%
9.82%
3.53%
3.93%
Key characteristics
| VWEHX | PHB | |
|---|---|---|
| Sharpe Ratio | 3.19 | 2.34 |
| Sortino Ratio | 5.34 | 3.57 |
| Omega Ratio | 1.80 | 1.45 |
| Calmar Ratio | 3.55 | 3.87 |
| Martin Ratio | 19.57 | 15.48 |
| Ulcer Index | 0.57% | 0.65% |
| Daily Std Dev | 3.51% | 4.27% |
| Max Drawdown | -30.17% | -44.80% |
| Current Drawdown | -0.58% | -0.68% |
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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.
Correlation
The correlation between VWEHX and PHB is 0.47, 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. 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.
Dividends
VWEHX vs. PHB - Dividend Comparison
VWEHX's dividend yield for the trailing twelve months is around 6.03%, more than PHB's 5.65% 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% |
PHB Invesco Fundamental High Yield® Corporate Bond ETF | 5.65% | 4.68% | 3.53% | 3.38% | 3.89% | 4.03% | 4.45% | 4.14% | 4.58% | 4.70% | 4.48% | 4.62% |
Drawdowns
VWEHX vs. PHB - Drawdown Comparison
The maximum VWEHX drawdown since its inception was -30.17%, smaller than the maximum PHB drawdown of -44.80%. Use the drawdown chart below to compare losses from any high point for VWEHX and PHB. For additional features, visit the drawdowns tool.
Volatility
VWEHX vs. PHB - Volatility Comparison
The current volatility for Vanguard High-Yield Corporate Fund Investor Shares (VWEHX) is 0.70%, while Invesco Fundamental High Yield® Corporate Bond ETF (PHB) has a volatility of 1.13%. This indicates that VWEHX experiences smaller price fluctuations and is considered to be less risky than PHB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.