CGHY vs. VTP

Last updated Jun 23, 2026

CGHY (Capital Group High Yield Bond ETF) and VTP (Vanguard Total Inflation-Protected Securities ETF) are both exchange-traded funds - CGHY is a High Yield Bonds fund managed by Capital Group, while VTP is a Inflation-Protected Bonds fund tracking the ICE U.S. Treasury Inflation Linked Bond Index 0-5. At a 0.48 correlation, their price movements are largely independent. CGHY charges 0.39%/yr vs 0.05%/yr for VTP.

Performance

CGHY vs. VTP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Capital Group High Yield Bond ETF (CGHY) and Vanguard Total Inflation-Protected Securities ETF (VTP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CGHY achieves a 2.15% return, which is significantly higher than VTP's 0.77% return.

CGHY

• 1D: -0.08%
• 1M: 0.68%
• YTD: 2.15%
• 6M: 2.54%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

VTP

• 1D: -0.41%
• 1M: -0.10%
• YTD: 0.77%
• 6M: 0.97%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

CGHY vs. VTP - Yearly Performance Comparison

	2026 (YTD)	2025
CGHY Capital Group High Yield Bond ETF	2.15%	4.08%
VTP Vanguard Total Inflation-Protected Securities ETF	0.77%	2.46%

Correlation

The correlation between CGHY and VTP is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 9, 2025	0.48

Return for Risk

CGHY vs. VTP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Capital Group High Yield Bond ETF (CGHY) and Vanguard Total Inflation-Protected Securities ETF (VTP). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

CGHY vs. VTP - Drawdown Comparison

The maximum CGHY drawdown since its inception was -2.38%, which is greater than VTP's maximum drawdown of -1.92%. Use the drawdown chart below to compare losses from any high point for CGHY and VTP.

Drawdown Indicators

	CGHY	VTP	Difference
Max Drawdown Largest peak-to-trough decline	-2.38%	-1.92%	-0.46%
Current Drawdown Current decline from peak	-0.12%	-1.07%	+0.95%
Average Drawdown Average peak-to-trough decline	-0.31%	-0.52%	+0.21%

Volatility

Volatility by Period

	CGHY	VTP	Difference
Volatility (1Y) Calculated over the trailing 1-year period	3.33%	3.35%	-0.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.33%	3.35%	-0.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.33%	3.35%	-0.02%

CGHY vs. VTP - Expense Ratio Comparison

CGHY has a 0.39% expense ratio, which is higher than VTP's 0.05% expense ratio.

Dividends

CGHY vs. VTP - Dividend Comparison

CGHY's dividend yield for the trailing twelve months is around 5.07%, more than VTP's 1.62% yield.

Position	TTM	2025
CGHY Capital Group High Yield Bond ETF	5.07%	3.09%
VTP Vanguard Total Inflation-Protected Securities ETF	1.62%	1.56%

Frequently Asked Questions

Can I hold both CGHY and VTP in my portfolio?

CGHY and VTP have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CGHY or VTP?

On fees, VTP is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CGHY or VTP?

VTP is cheaper with a 0.05% expense ratio, compared with 0.39% for CGHY.

Which ETF pays a higher dividend yield, CGHY or VTP?

CGHY has the higher dividend yield at 5.07%, compared with 1.62% for VTP.

What is the main difference between CGHY and VTP?

CGHY is categorized as High Yield Bonds, while VTP is Inflation-Protected Bonds. They also come from different issuers: Capital Group and Vanguard. Their fees differ too: 0.39% for CGHY and 0.05% for VTP.