IBHG vs. VGHY
IBHG (iShares iBonds 2027 Term High Yield and Income ETF) and VGHY (Vanguard High-Yield Active ETF) are both High Yield Bonds funds. IBHG is passively managed, while VGHY is actively managed. A 0.57 correlation means they provide meaningful diversification when combined. IBHG charges 0.35%/yr vs 0.22%/yr for VGHY.
Performance
IBHG vs. VGHY - Performance Comparison
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Returns By Period
In the year-to-date period, IBHG achieves a 1.26% return, which is significantly lower than VGHY's 1.68% return.
IBHG
- 1D
- -0.05%
- 1M
- 0.20%
- 6M
- 1.17%
- YTD
- 1.26%
- 1Y
- 4.04%
- 3Y*
- 7.00%
- 5Y*
- 3.59%
- 10Y*
- —
VGHY
- 1D
- -0.20%
- 1M
- 0.01%
- 6M
- 1.10%
- YTD
- 1.68%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBHG vs. VGHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IBHG iShares iBonds 2027 Term High Yield and Income ETF | 1.26% | 1.25% |
VGHY Vanguard High-Yield Active ETF | 1.68% | 1.77% |
Correlation
The correlation between IBHG and VGHY is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 17, 2025 | 0.57 |
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Return for Risk
IBHG vs. VGHY — Risk / Return Rank
IBHG
VGHY
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IBHG vs. VGHY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds 2027 Term High Yield and Income ETF (IBHG) and Vanguard High-Yield Active ETF (VGHY). 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.
| IBHG | VGHY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.38 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 5.58 | — | — |
| Martin ratioReturn relative to average drawdown | 20.44 | — | — |
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Drawdowns
IBHG vs. VGHY - Drawdown Comparison
The maximum IBHG drawdown since its inception was -13.85%, which is greater than VGHY's maximum drawdown of -2.66%. Use the drawdown chart below to compare losses from any high point for IBHG and VGHY.
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Drawdown Indicators
| IBHG | VGHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.85% | -2.66% | -11.19% |
Max Drawdown (1Y)Largest decline over 1 year | -0.73% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -3.39% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -13.85% | — | — |
Current DrawdownCurrent decline from peak | -0.23% | -0.43% | +0.20% |
Average DrawdownAverage peak-to-trough decline | -2.62% | -0.42% | -2.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.20% | — | — |
Volatility
IBHG vs. VGHY - Volatility Comparison
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Volatility by Period
| IBHG | VGHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.34% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 1.49% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 2.01% | 4.13% | -2.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.31% | 4.13% | +2.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.30% | 4.13% | +2.17% |
IBHG vs. VGHY - Expense Ratio Comparison
IBHG has a 0.35% expense ratio, which is higher than VGHY's 0.22% expense ratio.
Dividends
IBHG vs. VGHY - Dividend Comparison
IBHG's dividend yield for the trailing twelve months is around 6.05%, more than VGHY's 4.50% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
IBHG iShares iBonds 2027 Term High Yield and Income ETF | 6.05% | 6.33% | 7.02% | 6.66% | 5.62% | 2.13% |
VGHY Vanguard High-Yield Active ETF | 4.50% | 1.49% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IBHG and VGHY have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VGHY is cheaper at 0.22% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VGHY is cheaper with a 0.22% expense ratio, compared with 0.35% for IBHG.
IBHG has the higher dividend yield at 6.05%, compared with 4.50% for VGHY.
They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.35% for IBHG and 0.22% for VGHY.
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