VWEHX vs. VUSFX
VWEHX (Vanguard High-Yield Corporate Fund Investor Shares) and VUSFX (Vanguard Ultra-Short-Term Bond Fund Admiral Shares) are both mutual funds - VWEHX is a High Yield Bonds fund managed by Vanguard, while VUSFX is a Total Bond Market fund managed by Vanguard. Over the past 10 years, VWEHX returned 5.13%/yr vs 2.71%/yr for VUSFX. At a 0.21 correlation, their price movements are largely independent. VWEHX charges 0.23%/yr vs 0.10%/yr for VUSFX.
Performance
VWEHX vs. VUSFX - Performance Comparison
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Returns By Period
In the year-to-date period, VWEHX achieves a 0.97% return, which is significantly lower than VUSFX's 1.42% return. Over the past 10 years, VWEHX has outperformed VUSFX with an annualized return of 5.13%, while VUSFX has yielded a comparatively lower 2.71% annualized return.
VWEHX
- 1D
- -0.18%
- 1M
- 0.35%
- YTD
- 0.97%
- 6M
- 1.67%
- 1Y
- 6.62%
- 3Y*
- 8.10%
- 5Y*
- 4.05%
- 10Y*
- 5.13%
VUSFX
- 1D
- 0.00%
- 1M
- 0.31%
- YTD
- 1.42%
- 6M
- 1.76%
- 1Y
- 4.46%
- 3Y*
- 5.44%
- 5Y*
- 3.50%
- 10Y*
- 2.71%
VWEHX vs. VUSFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VWEHX Vanguard High-Yield Corporate Fund Investor Shares | 0.97% | 9.38% | 6.33% | 11.66% | -9.04% | 2.97% | 5.30% | 15.81% | -2.93% | 7.05% |
VUSFX Vanguard Ultra-Short-Term Bond Fund Admiral Shares | 1.42% | 5.11% | 6.11% | 5.53% | -0.38% | 0.08% | 2.10% | 3.39% | 2.10% | 1.37% |
Correlation
The correlation between VWEHX and VUSFX is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Jan 5, 2016 | 0.21 |
The correlation between VWEHX and VUSFX shifts across timeframes, from 0.21 (all time) to 0.35 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
VWEHX vs. VUSFX — Risk / Return Rank
VWEHX
VUSFX
VWEHX vs. VUSFX - 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 Ultra-Short-Term Bond Fund Admiral Shares (VUSFX). 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 | VUSFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.58 | ||
| Sortino ratioReturn per unit of downside risk | -11.75 | ||
| Omega ratioGain probability vs. loss probability | 1.52 | 4.69 | -3.17 |
| Calmar ratioReturn relative to maximum drawdown | 2.71 | 18.20 | -15.49 |
| Martin ratioReturn relative to average drawdown | 13.82 | 108.57 | -94.74 |
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 | VUSFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.11 | 7.69 | -5.58 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.83 | 4.35 | -3.52 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.98 | 4.00 | -3.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.87 | 4.00 | -3.13 |
Drawdowns
VWEHX vs. VUSFX - Drawdown Comparison
The maximum VWEHX drawdown since its inception was -30.17%, which is greater than VUSFX's maximum drawdown of -1.71%. Use the drawdown chart below to compare losses from any high point for VWEHX and VUSFX.
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Drawdown Indicators
| VWEHX | VUSFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.17% | -1.71% | -28.46% |
Max Drawdown (1Y)Largest decline over 1 year | -2.52% | -0.25% | -2.27% |
Max Drawdown (3Y)Largest decline over 3 years | -3.33% | -0.35% | -2.98% |
Max Drawdown (5Y)Largest decline over 5 years | -13.83% | -1.71% | -12.12% |
Max Drawdown (10Y)Largest decline over 10 years | -19.69% | -1.71% | -17.98% |
Current DrawdownCurrent decline from peak | -0.18% | 0.00% | -0.18% |
Average DrawdownAverage peak-to-trough decline | -4.29% | -0.15% | -4.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.49% | 0.04% | +0.45% |
Volatility
VWEHX vs. VUSFX - Volatility Comparison
Vanguard High-Yield Corporate Fund Investor Shares (VWEHX) has a higher volatility of 0.98% compared to Vanguard Ultra-Short-Term Bond Fund Admiral Shares (VUSFX) at 0.13%. This indicates that VWEHX's price experiences larger fluctuations and is considered to be riskier than VUSFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VWEHX | VUSFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.98% | 0.13% | +0.85% |
Volatility (6M)Calculated over the trailing 6-month period | 2.55% | 0.41% | +2.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.24% | 0.59% | +2.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.90% | 0.81% | +4.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.27% | 0.68% | +4.59% |
VWEHX vs. VUSFX - Expense Ratio Comparison
VWEHX has a 0.23% expense ratio, which is higher than VUSFX's 0.10% 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%.
Dividends
VWEHX vs. VUSFX - Dividend Comparison
VWEHX's dividend yield for the trailing twelve months is around 6.27%, more than VUSFX's 4.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VUSFX Vanguard Ultra-Short-Term Bond Fund Admiral Shares | 4.53% | 4.73% | 5.52% | 4.15% | 1.38% | 0.53% | 1.62% | 2.68% | 2.23% | 1.52% | 1.07% | 0.00% |
VWEHX Vanguard High-Yield Corporate Fund Investor Shares | 6.27% | 6.15% | 6.11% | 5.68% | 5.11% | 3.43% | 4.62% | 5.24% | 5.94% | 5.29% | 5.41% | 6.42% |
Frequently Asked Questions
VWEHX and VUSFX have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VWEHX has higher volatility (0.98%) compared to VUSFX (0.13%). In terms of maximum drawdown, VWEHX dropped -30.17% vs VUSFX's -1.71%.
VUSFX currently has the higher Sharpe Ratio (7.69 vs 2.11), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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