LDRH vs. VGHY

Last updated Jun 23, 2026

LDRH (iShares iBonds 1-5 Year High Yield and Income Ladder ETF) and VGHY (Vanguard High-Yield Active ETF) are both High Yield Bonds funds. LDRH is passively managed, while VGHY is actively managed. A 0.76 correlation means they provide meaningful diversification when combined. LDRH charges 0.35%/yr vs 0.22%/yr for VGHY.

Performance

LDRH vs. VGHY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares iBonds 1-5 Year High Yield and Income Ladder ETF (LDRH) and Vanguard High-Yield Active ETF (VGHY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LDRH achieves a 2.08% return, which is significantly higher than VGHY's 1.48% return.

LDRH

• 1D: -0.16%
• 1M: 0.44%
• YTD: 2.08%
• 6M: 2.37%
• 1Y: 6.24%
• 3Y*: —
• 5Y*: —
• 10Y*: —

VGHY

• 1D: -0.27%
• 1M: 0.53%
• YTD: 1.48%
• 6M: 1.72%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

LDRH vs. VGHY - Yearly Performance Comparison

	2026 (YTD)	2025
LDRH iShares iBonds 1-5 Year High Yield and Income Ladder ETF	2.08%	1.40%
VGHY Vanguard High-Yield Active ETF	1.48%	1.77%

Correlation

The correlation between LDRH and VGHY is 0.76, 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	0.76

Return for Risk

LDRH vs. VGHY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

LDRH

LDRH Risk / Return Rank: 86
LDRH Sharpe Ratio Rank: 78
LDRH Sortino Ratio Rank: 89
LDRH Omega Ratio Rank: 82
LDRH Calmar Ratio Rank: 89
LDRH Martin Ratio Rank: 91

VGHY

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

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

LDRH vs. VGHY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares iBonds 1-5 Year High Yield and Income Ladder ETF (LDRH) 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.

	LDRH	VGHY	Difference
Sharpe ratio: Return per unit of total volatility	2.41	—	—
Sortino ratio: Return per unit of downside risk	3.89	—	—
Omega ratio: Gain probability vs. loss probability	1.47	—	—
Calmar ratio: Return relative to maximum drawdown	5.09	—	—
Martin ratio: Return relative to average drawdown	21.08	—	—

Drawdowns

LDRH vs. VGHY - Drawdown Comparison

The maximum LDRH drawdown since its inception was -3.17%, which is greater than VGHY's maximum drawdown of -2.66%. Use the drawdown chart below to compare losses from any high point for LDRH and VGHY.

Drawdown Indicators

	LDRH	VGHY	Difference
Max Drawdown Largest peak-to-trough decline	-3.17%	-2.66%	-0.51%
Max Drawdown (1Y) Largest decline over 1 year	-1.23%	—	—
Current Drawdown Current decline from peak	-0.16%	-0.32%	+0.16%
Average Drawdown Average peak-to-trough decline	-0.24%	-0.44%	+0.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.30%	—	—

Volatility

Volatility by Period

	LDRH	VGHY	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.60%	—	—
Volatility (6M) Calculated over the trailing 6-month period	1.97%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	2.61%	4.26%	-1.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.48%	4.26%	-0.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.48%	4.26%	-0.78%

LDRH vs. VGHY - Expense Ratio Comparison

LDRH has a 0.35% expense ratio, which is higher than VGHY's 0.22% expense ratio.

Dividends

LDRH vs. VGHY - Dividend Comparison

LDRH's dividend yield for the trailing twelve months is around 6.98%, more than VGHY's 3.98% yield.

Position	TTM	2025	2024
LDRH iShares iBonds 1-5 Year High Yield and Income Ladder ETF	6.98%	6.41%	1.13%
VGHY Vanguard High-Yield Active ETF	3.98%	1.49%	0.00%

Frequently Asked Questions

Can I hold both LDRH and VGHY in my portfolio?

LDRH and VGHY have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, LDRH or VGHY?

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.

Which ETF is cheaper, LDRH or VGHY?

VGHY is cheaper with a 0.22% expense ratio, compared with 0.35% for LDRH.

Which ETF pays a higher dividend yield, LDRH or VGHY?

LDRH has the higher dividend yield at 6.98%, compared with 3.98% for VGHY.

What is the main difference between LDRH and VGHY?

They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.35% for LDRH and 0.22% for VGHY.