VWEHX vs. VCIT
Compare and contrast key facts about Vanguard High-Yield Corporate Fund Investor Shares (VWEHX) and Vanguard Intermediate-Term Corporate Bond ETF (VCIT).
VWEHX is managed by Vanguard. It was launched on Dec 27, 1978. VCIT is a passively managed fund by Vanguard that tracks the performance of the Barclays U.S. 5-10 Year Corp Index. It was launched on Nov 19, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VWEHX or VCIT.
Key characteristics
| VWEHX | VCIT | |
|---|---|---|
| YTD Return | 6.03% | 3.27% |
| 1Y Return | 11.41% | 9.60% |
| 3Y Return (Ann) | 2.74% | -1.04% |
| 5Y Return (Ann) | 3.70% | 0.99% |
| 10Y Return (Ann) | 4.41% | 2.77% |
| Sharpe Ratio | 3.44 | 1.91 |
| Sortino Ratio | 5.94 | 2.89 |
| Omega Ratio | 1.90 | 1.34 |
| Calmar Ratio | 3.54 | 0.81 |
| Martin Ratio | 22.19 | 8.09 |
| Ulcer Index | 0.56% | 1.37% |
| Daily Std Dev | 3.63% | 5.83% |
| Max Drawdown | -30.17% | -20.56% |
| Current Drawdown | -0.58% | -5.12% |
Correlation
The correlation between VWEHX and VCIT is 0.27, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
VWEHX vs. VCIT - Performance Comparison
In the year-to-date period, VWEHX achieves a 6.03% return, which is significantly higher than VCIT's 3.27% return. Over the past 10 years, VWEHX has outperformed VCIT with an annualized return of 4.41%, while VCIT has yielded a comparatively lower 2.77% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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VWEHX vs. VCIT - Expense Ratio Comparison
VWEHX has a 0.23% expense ratio, which is higher than VCIT's 0.04% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
VWEHX vs. VCIT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard High-Yield Corporate Fund Investor Shares (VWEHX) and Vanguard Intermediate-Term Corporate Bond ETF (VCIT). 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. VCIT - Dividend Comparison
VWEHX's dividend yield for the trailing twelve months is around 6.03%, more than VCIT's 4.30% 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% |
VCIT Vanguard Intermediate-Term Corporate Bond ETF | 4.30% | 3.72% | 3.04% | 2.88% | 2.78% | 3.37% | 3.61% | 3.21% | 3.29% | 3.34% | 3.34% | 4.00% |
Drawdowns
VWEHX vs. VCIT - Drawdown Comparison
The maximum VWEHX drawdown since its inception was -30.17%, which is greater than VCIT's maximum drawdown of -20.56%. Use the drawdown chart below to compare losses from any high point for VWEHX and VCIT. For additional features, visit the drawdowns tool.
Volatility
VWEHX vs. VCIT - Volatility Comparison
The current volatility for Vanguard High-Yield Corporate Fund Investor Shares (VWEHX) is 0.68%, while Vanguard Intermediate-Term Corporate Bond ETF (VCIT) has a volatility of 1.81%. This indicates that VWEHX experiences smaller price fluctuations and is considered to be less risky than VCIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.