VWEHX vs. VTBIX
Compare and contrast key facts about Vanguard High-Yield Corporate Fund Investor Shares (VWEHX) and Vanguard Total Bond Market II Index Fund Investor Shares (VTBIX).
VWEHX is managed by Vanguard. It was launched on Dec 27, 1978. VTBIX is managed by Vanguard.
Performance
VWEHX vs. VTBIX - Performance Comparison
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VWEHX vs. VTBIX - 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% |
VTBIX Vanguard Total Bond Market II Index Fund Investor Shares | -0.40% | 7.11% | 1.25% | 5.03% | -13.18% | -1.88% | 7.47% | 8.62% | -0.32% | 3.53% |
Returns By Period
In the year-to-date period, VWEHX achieves a -1.15% return, which is significantly lower than VTBIX's -0.40% return. Over the past 10 years, VWEHX has outperformed VTBIX with an annualized return of 5.18%, while VTBIX has yielded a comparatively lower 1.47% 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%
VTBIX
- 1D
- 0.21%
- 1M
- -1.65%
- YTD
- -0.40%
- 6M
- 0.38%
- 1Y
- 3.55%
- 3Y*
- 3.21%
- 5Y*
- 0.02%
- 10Y*
- 1.47%
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VWEHX vs. VTBIX - Expense Ratio Comparison
VWEHX has a 0.23% expense ratio, which is higher than VTBIX's 0.09% 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. VTBIX — Risk / Return Rank
VWEHX
VTBIX
VWEHX vs. VTBIX - 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 Total Bond Market II Index Fund Investor Shares (VTBIX). 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 | VTBIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.90 | 0.89 | +1.02 |
Sortino ratioReturn per unit of downside risk | 2.86 | 1.28 | +1.58 |
Omega ratioGain probability vs. loss probability | 1.46 | 1.15 | +0.31 |
Calmar ratioReturn relative to maximum drawdown | 2.79 | 1.62 | +1.16 |
Martin ratioReturn relative to average drawdown | 11.37 | 4.54 | +6.83 |
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 | VTBIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.90 | 0.89 | +1.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.80 | 0.00 | +0.80 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.99 | 0.30 | +0.69 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.87 | 0.26 | +0.61 |
Correlation
The correlation between VWEHX and VTBIX is 0.24, 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. VTBIX - Dividend Comparison
VWEHX's dividend yield for the trailing twelve months is around 5.78%, more than VTBIX's 3.61% 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% |
VTBIX Vanguard Total Bond Market II Index Fund Investor Shares | 3.61% | 3.88% | 3.70% | 2.53% | 2.47% | 1.75% | 3.20% | 2.72% | 2.51% | 2.43% | 2.48% | 2.64% |
Drawdowns
VWEHX vs. VTBIX - Drawdown Comparison
The maximum VWEHX drawdown since its inception was -30.17%, which is greater than VTBIX's maximum drawdown of -18.72%. Use the drawdown chart below to compare losses from any high point for VWEHX and VTBIX.
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Drawdown Indicators
| VWEHX | VTBIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.17% | -18.72% | -11.45% |
Max Drawdown (1Y)Largest decline over 1 year | -2.52% | -2.67% | +0.15% |
Max Drawdown (5Y)Largest decline over 5 years | -13.83% | -18.11% | +4.28% |
Max Drawdown (10Y)Largest decline over 10 years | -19.69% | -18.72% | -0.97% |
Current DrawdownCurrent decline from peak | -1.80% | -3.67% | +1.87% |
Average DrawdownAverage peak-to-trough decline | -4.30% | -4.43% | +0.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.62% | 0.95% | -0.33% |
Volatility
VWEHX vs. VTBIX - Volatility Comparison
The current volatility for Vanguard High-Yield Corporate Fund Investor Shares (VWEHX) is 1.39%, while Vanguard Total Bond Market II Index Fund Investor Shares (VTBIX) has a volatility of 1.52%. This indicates that VWEHX experiences smaller price fluctuations and is considered to be less risky than VTBIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VWEHX | VTBIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.39% | 1.52% | -0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 2.29% | 2.54% | -0.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.45% | 4.30% | -0.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.85% | 5.91% | -1.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.26% | 4.91% | +0.35% |