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 0.56 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 1.10% return, which is significantly lower than VGHY's 1.44% return.
IBHG
- 1D
- 0.14%
- 1M
- 0.32%
- YTD
- 1.10%
- 6M
- 1.57%
- 1Y
- 4.71%
- 3Y*
- 7.53%
- 5Y*
- —
- 10Y*
- —
VGHY
- 1D
- 0.06%
- 1M
- 0.32%
- YTD
- 1.44%
- 6M
- 2.05%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBHG vs. VGHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IBHG iShares iBonds 2027 Term High Yield and Income ETF | 1.10% | 1.37% |
VGHY Vanguard High-Yield Active ETF | 1.44% | 1.80% |
Correlation
The correlation between IBHG and VGHY is 0.56, 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 18, 2025 | 0.56 |
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Return for Risk
IBHG vs. VGHY — Risk / Return Rank
IBHG
VGHY
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.
| IBHG | VGHY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.43 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 6.51 | — | — |
| Martin ratioReturn relative to average drawdown | 23.87 | — | — |
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
| IBHG | VGHY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.24 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 1.08 | -0.52 |
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% | — | — |
Current DrawdownCurrent decline from peak | -0.09% | -0.24% | +0.15% |
Average DrawdownAverage peak-to-trough decline | -2.67% | -0.45% | -2.22% |
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 | 0.59% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 1.53% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 2.11% | 4.28% | -2.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.36% | 4.28% | +2.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.36% | 4.28% | +2.08% |
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 6.07%, more than VGHY's 3.98% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
IBHG iShares iBonds 2027 Term High Yield and Income ETF | 6.07% | 6.33% | 7.02% | 6.66% | 5.62% | 2.13% |
VGHY Vanguard High-Yield Active ETF | 3.98% | 1.49% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IBHG and VGHY have a correlation of 0.56, 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 6.07%, compared with 3.98% 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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