VWEHX: 2.5 More Years Of Awesome Performance

About: Vanguard High-Yield Corporate Fund Admiral Shares Inst (VWEAX), VWEHX, Includes: HYG, JNK
by: Dane Van Domelen
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Dane Van Domelen
Long only, ETF investing, portfolio strategy, bonds

In March 2017, I pointed out the surprisingly high risk-adjusted returns of Vanguard's high-yield VWEHX over a 24-year period.

Performance since then has been fantastic: 6.3% annualized growth, 5.4% max drawdown.

As in the previous analysis, the Sharpe ratio is nearly as good as the short-term VFSTX (0.114 vs. 0.123).

Outperforming passive high-yield ETFs in all metrics, beating the 10 largest high-yield ETFs in growth.

My experience with VWEHX

A few years ago, I wrote about the impressive performance of the Vanguard High Yield Corporate Fund Investor Shares (VWEHX; also available with higher minimum/lower fees as VWEAX).