VWETX vs. HYS
Compare and contrast key facts about Vanguard Long-Term Investment-Grade Fund Admiral Shares (VWETX) and PIMCO 0-5 Year High Yield Corporate Bond Index ETF (HYS).
VWETX is managed by Vanguard. It was launched on Feb 12, 2001. HYS is a passively managed fund by PIMCO that tracks the performance of the ICE BofA US High Yield Constrained (0-5 Y). It was launched on Jun 16, 2011.
Performance
VWETX vs. HYS - Performance Comparison
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VWETX vs. HYS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VWETX Vanguard Long-Term Investment-Grade Fund Admiral Shares | -1.25% | 7.31% | -2.70% | 8.92% | -25.54% | -2.79% | 15.50% | 20.56% | -6.17% | 12.08% |
HYS PIMCO 0-5 Year High Yield Corporate Bond Index ETF | -0.26% | 8.80% | 8.42% | 11.38% | -5.42% | 4.77% | 3.27% | 10.22% | -1.05% | 5.75% |
Returns By Period
In the year-to-date period, VWETX achieves a -1.25% return, which is significantly lower than HYS's -0.26% return. Over the past 10 years, VWETX has underperformed HYS with an annualized return of 1.83%, while HYS has yielded a comparatively higher 5.63% annualized return.
VWETX
- 1D
- 0.40%
- 1M
- -2.97%
- YTD
- -1.25%
- 6M
- -1.80%
- 1Y
- 2.59%
- 3Y*
- 2.04%
- 5Y*
- -2.27%
- 10Y*
- 1.83%
HYS
- 1D
- 0.13%
- 1M
- -0.35%
- YTD
- -0.26%
- 6M
- 1.19%
- 1Y
- 7.05%
- 3Y*
- 8.25%
- 5Y*
- 4.96%
- 10Y*
- 5.63%
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VWETX vs. HYS - Expense Ratio Comparison
VWETX has a 0.12% expense ratio, which is lower than HYS's 0.56% expense ratio.
Return for Risk
VWETX vs. HYS — Risk / Return Rank
VWETX
HYS
VWETX vs. HYS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Long-Term Investment-Grade Fund Admiral Shares (VWETX) and PIMCO 0-5 Year High Yield Corporate Bond Index ETF (HYS). 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.
| VWETX | HYS | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.35 | 1.32 | -0.97 |
Sortino ratioReturn per unit of downside risk | 0.53 | 1.91 | -1.38 |
Omega ratioGain probability vs. loss probability | 1.07 | 1.31 | -0.25 |
Calmar ratioReturn relative to maximum drawdown | 0.73 | 1.79 | -1.06 |
Martin ratioReturn relative to average drawdown | 1.77 | 9.95 | -8.18 |
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
| VWETX | HYS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.35 | 1.32 | -0.97 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.19 | 0.80 | -0.99 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.17 | 0.82 | -0.66 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.80 | -0.32 |
Correlation
The correlation between VWETX and HYS is 0.10, 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
VWETX vs. HYS - Dividend Comparison
VWETX's dividend yield for the trailing twelve months is around 4.76%, less than HYS's 7.41% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VWETX Vanguard Long-Term Investment-Grade Fund Admiral Shares | 4.76% | 5.06% | 5.10% | 4.26% | 4.54% | 4.86% | 6.99% | 5.11% | 4.40% | 5.60% | 6.25% | 7.49% |
HYS PIMCO 0-5 Year High Yield Corporate Bond Index ETF | 7.41% | 7.20% | 7.43% | 6.44% | 5.01% | 3.74% | 4.52% | 4.98% | 4.64% | 5.01% | 5.13% | 5.22% |
Drawdowns
VWETX vs. HYS - Drawdown Comparison
The maximum VWETX drawdown since its inception was -36.04%, which is greater than HYS's maximum drawdown of -20.91%. Use the drawdown chart below to compare losses from any high point for VWETX and HYS.
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Drawdown Indicators
| VWETX | HYS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.04% | -20.91% | -15.13% |
Max Drawdown (1Y)Largest decline over 1 year | -5.44% | -4.06% | -1.38% |
Max Drawdown (5Y)Largest decline over 5 years | -34.42% | -10.61% | -23.81% |
Max Drawdown (10Y)Largest decline over 10 years | -36.04% | -20.91% | -15.13% |
Current DrawdownCurrent decline from peak | -20.25% | -0.90% | -19.35% |
Average DrawdownAverage peak-to-trough decline | -7.12% | -1.55% | -5.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.25% | 0.73% | +1.52% |
Volatility
VWETX vs. HYS - Volatility Comparison
Vanguard Long-Term Investment-Grade Fund Admiral Shares (VWETX) has a higher volatility of 3.42% compared to PIMCO 0-5 Year High Yield Corporate Bond Index ETF (HYS) at 1.88%. This indicates that VWETX's price experiences larger fluctuations and is considered to be riskier than HYS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VWETX | HYS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.42% | 1.88% | +1.54% |
Volatility (6M)Calculated over the trailing 6-month period | 5.29% | 2.53% | +2.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.97% | 5.38% | +3.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.10% | 6.22% | +5.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.85% | 6.85% | +4.00% |