VWEHX vs. VOO
Compare and contrast key facts about Vanguard High-Yield Corporate Fund Investor Shares (VWEHX) and Vanguard S&P 500 ETF (VOO).
VWEHX is managed by Vanguard. It was launched on Dec 27, 1978. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Performance
VWEHX vs. VOO - Performance Comparison
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VWEHX vs. VOO - 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% |
VOO Vanguard S&P 500 ETF | -3.66% | 17.82% | 24.98% | 26.32% | -18.17% | 28.79% | 18.32% | 31.37% | -4.50% | 21.77% |
Returns By Period
In the year-to-date period, VWEHX achieves a -1.15% return, which is significantly higher than VOO's -3.66% return. Over the past 10 years, VWEHX has underperformed VOO with an annualized return of 5.18%, while VOO has yielded a comparatively higher 14.14% 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%
VOO
- 1D
- 0.79%
- 1M
- -4.29%
- YTD
- -3.66%
- 6M
- -1.41%
- 1Y
- 18.17%
- 3Y*
- 18.58%
- 5Y*
- 11.93%
- 10Y*
- 14.14%
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VWEHX vs. VOO - Expense Ratio Comparison
VWEHX has a 0.23% expense ratio, which is higher than VOO's 0.03% 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%.
Return for Risk
VWEHX vs. VOO — Risk / Return Rank
VWEHX
VOO
VWEHX vs. VOO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard High-Yield Corporate Fund Investor Shares (VWEHX) and Vanguard S&P 500 ETF (VOO). 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 | VOO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.90 | 1.01 | +0.90 |
Sortino ratioReturn per unit of downside risk | 2.86 | 1.53 | +1.32 |
Omega ratioGain probability vs. loss probability | 1.46 | 1.23 | +0.23 |
Calmar ratioReturn relative to maximum drawdown | 2.79 | 1.55 | +1.23 |
Martin ratioReturn relative to average drawdown | 11.37 | 7.31 | +4.06 |
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 | VOO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.90 | 1.01 | +0.90 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.80 | 0.71 | +0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.99 | 0.79 | +0.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.87 | 0.83 | +0.03 |
Correlation
The correlation between VWEHX and VOO is 0.38, 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.
Dividends
VWEHX vs. VOO - Dividend Comparison
VWEHX's dividend yield for the trailing twelve months is around 5.78%, more than VOO's 1.18% 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% |
VOO Vanguard S&P 500 ETF | 1.18% | 1.13% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% |
Drawdowns
VWEHX vs. VOO - Drawdown Comparison
The maximum VWEHX drawdown since its inception was -30.17%, smaller than the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for VWEHX and VOO.
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Drawdown Indicators
| VWEHX | VOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.17% | -33.99% | +3.82% |
Max Drawdown (1Y)Largest decline over 1 year | -2.52% | -11.98% | +9.46% |
Max Drawdown (5Y)Largest decline over 5 years | -13.83% | -24.52% | +10.69% |
Max Drawdown (10Y)Largest decline over 10 years | -19.69% | -33.99% | +14.30% |
Current DrawdownCurrent decline from peak | -1.80% | -5.55% | +3.75% |
Average DrawdownAverage peak-to-trough decline | -4.30% | -3.72% | -0.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.62% | 2.55% | -1.93% |
Volatility
VWEHX vs. VOO - Volatility Comparison
The current volatility for Vanguard High-Yield Corporate Fund Investor Shares (VWEHX) is 1.39%, while Vanguard S&P 500 ETF (VOO) has a volatility of 5.34%. This indicates that VWEHX experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VWEHX | VOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.39% | 5.34% | -3.95% |
Volatility (6M)Calculated over the trailing 6-month period | 2.29% | 9.47% | -7.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.45% | 18.11% | -14.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.85% | 16.82% | -11.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.26% | 17.99% | -12.73% |