VWEHX vs. PONAX
Compare and contrast key facts about Vanguard High-Yield Corporate Fund Investor Shares (VWEHX) and PIMCO Income Fund Class A (PONAX).
VWEHX is managed by Vanguard. It was launched on Dec 27, 1978. PONAX is managed by PIMCO. It was launched on Apr 2, 2007.
Performance
VWEHX vs. PONAX - Performance Comparison
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VWEHX vs. PONAX - 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% |
PONAX PIMCO Income Fund Class A | -1.05% | 10.63% | 5.02% | 8.96% | -9.34% | 2.21% | 5.40% | 7.65% | 0.21% | 8.19% |
Returns By Period
In the year-to-date period, VWEHX achieves a -1.15% return, which is significantly lower than PONAX's -1.05% return. Over the past 10 years, VWEHX has outperformed PONAX with an annualized return of 5.18%, while PONAX has yielded a comparatively lower 4.29% annualized return.
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%
PONAX
- 1D
- 0.37%
- 1M
- -2.36%
- YTD
- -1.05%
- 6M
- 1.17%
- 1Y
- 5.88%
- 3Y*
- 6.92%
- 5Y*
- 3.04%
- 10Y*
- 4.29%
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VWEHX vs. PONAX - Expense Ratio Comparison
VWEHX has a 0.23% expense ratio, which is lower than PONAX's 1.02% expense ratio.
Return for Risk
VWEHX vs. PONAX — Risk / Return Rank
VWEHX
PONAX
VWEHX vs. PONAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard High-Yield Corporate Fund Investor Shares (VWEHX) and PIMCO Income Fund Class A (PONAX). 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 | PONAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.90 | 1.45 | +0.45 |
Sortino ratioReturn per unit of downside risk | 2.86 | 2.07 | +0.79 |
Omega ratioGain probability vs. loss probability | 1.46 | 1.27 | +0.19 |
Calmar ratioReturn relative to maximum drawdown | 2.79 | 1.89 | +0.90 |
Martin ratioReturn relative to average drawdown | 11.37 | 7.46 | +3.90 |
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 | PONAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.90 | 1.45 | +0.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.80 | 0.65 | +0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.99 | 1.04 | -0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.87 | 1.48 | -0.61 |
Correlation
The correlation between VWEHX and PONAX is 0.52, 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. PONAX - Dividend Comparison
VWEHX's dividend yield for the trailing twelve months is around 5.78%, more than PONAX's 5.18% 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% |
PONAX PIMCO Income Fund Class A | 5.18% | 5.61% | 5.86% | 5.86% | 4.66% | 3.62% | 4.48% | 5.42% | 5.24% | 4.97% | 5.13% | 7.45% |
Drawdowns
VWEHX vs. PONAX - Drawdown Comparison
The maximum VWEHX drawdown since its inception was -30.17%, which is greater than PONAX's maximum drawdown of -13.64%. Use the drawdown chart below to compare losses from any high point for VWEHX and PONAX.
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Drawdown Indicators
| VWEHX | PONAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.17% | -13.64% | -16.53% |
Max Drawdown (1Y)Largest decline over 1 year | -2.52% | -3.69% | +1.17% |
Max Drawdown (5Y)Largest decline over 5 years | -13.83% | -13.64% | -0.19% |
Max Drawdown (10Y)Largest decline over 10 years | -19.69% | -13.64% | -6.05% |
Current DrawdownCurrent decline from peak | -1.80% | -2.88% | +1.08% |
Average DrawdownAverage peak-to-trough decline | -4.30% | -1.80% | -2.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.62% | 0.94% | -0.32% |
Volatility
VWEHX vs. PONAX - Volatility Comparison
The current volatility for Vanguard High-Yield Corporate Fund Investor Shares (VWEHX) is 1.39%, while PIMCO Income Fund Class A (PONAX) has a volatility of 1.90%. This indicates that VWEHX experiences smaller price fluctuations and is considered to be less risky than PONAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VWEHX | PONAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.39% | 1.90% | -0.51% |
Volatility (6M)Calculated over the trailing 6-month period | 2.29% | 2.64% | -0.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.45% | 4.24% | -0.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.85% | 4.72% | +0.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.26% | 4.16% | +1.10% |