- CUSIP
- 922031687
- Issuer
- Vanguard
- Inception Date
- Sep 16, 2025
- Category
- High Yield Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
VGHY Performance Chart
Vanguard High-Yield Active ETF (VGHY) is up 1.4% since the beginning of the year. VGHY is currently trading at $75 per share.
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Returns By Period
Vanguard High-Yield Active ETF
- 1D
- -0.24%
- 1M
- 0.28%
- YTD
- 1.38%
- 6M
- 2.00%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.74%
- 1M
- 4.90%
- YTD
- 10.35%
- 6M
- 10.28%
- 1Y
- 26.52%
- 3Y*
- 20.83%
- 5Y*
- 12.30%
- 10Y*
- 13.66%
VGHY Monthly Returns History
Based on dividend-adjusted daily data since Sep 17, 2025, VGHY's average daily return is +0.02%, while the average monthly return is +0.32%. At this rate, an investment would double in approximately 18.1 years.
Historically, 80% of months were positive and 20% were negative. The best month was Apr 2026 with a return of +1.6%, while the worst month was Mar 2026 at -1.1%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 1 months.
On a daily basis, VGHY closed higher 51% of trading days. The best single day was Dec 17, 2025 with a return of +1.1%, while the worst single day was Dec 16, 2025 at -1.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.38% | 0.35% | -1.10% | 1.61% | 0.34% | -0.20% | 1.38% | ||||||
| 2025 | 0.14% | 0.02% | 0.85% | 0.78% | 1.80% |
Benchmark Metrics
Vanguard High-Yield Active ETF has an annualized alpha of 0.50%, beta of 0.20, and R2 of 0.37 versus S&P 500 Index. Calculated based on daily prices since September 18, 2025.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (14.04%) than losses (3.06%) - typical of diversified or defensive assets.
- Beta of 0.20 may look defensive, but with R2 of 0.37 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.37 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 0.50%
- Beta
- 0.20
- R²
- 0.37
- Upside Capture
- 14.04%
- Downside Capture
- 3.06%
Expense Ratio
VGHY has an expense ratio of 0.22%, which is considered low.
Return for Risk
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Vanguard High-Yield Active ETF (VGHY) and compare them to S&P 500 Index.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
Dividends
Dividend History
Vanguard High-Yield Active ETF provided a 3.98% dividend yield over the last twelve months, with an annual payout of $2.97 per share.
| Period | TTM | 2025 |
|---|---|---|
| Dividend | $2.97 | $1.12 |
Dividend yield | 3.98% | 1.49% |
Monthly Dividends
The table displays the monthly dividend distributions for Vanguard High-Yield Active ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.37 | $0.33 | $0.41 | $0.36 | $0.38 | $1.85 | ||||||
| 2025 | $0.44 | $0.68 | $1.12 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Vanguard High-Yield Active ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Vanguard High-Yield Active ETF was 2.66%, occurring on Mar 27, 2026. Recovery took 8 trading sessions.
The current Vanguard High-Yield Active ETF drawdown is 0.30%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 pullback2026 | -2.66%Mar 2026 | 1mo 2d | 13d | 1mo 15dFeb 2026 - Apr 2026 |
2026 pullback2026 | -1.36%May 2026 | 29d | — | 1mo 15dApr 2026 - now |
2025 pullback2025 | -1.25%Dec 2025 | 4d | 2d | 6dDec 2025 - Dec 2025 |
2025 pullback2025 | -1.06%Oct 2025 | 7d | 14d | 21dOct 2025 - Oct 2025 |
2025 pullback2025 | -1.02%Nov 2025 | 8d | 20d | 28dOct 2025 - Nov 2025 |
Drawdown Indicators
| VGHY | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.66% | -56.78% | +54.12% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.10% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.30% | -0.74% | +0.44% |
Average DrawdownAverage peak-to-trough decline | -0.45% | -10.72% | +10.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.97% | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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