SCYB vs. VGHY

Last updated Jun 4, 2026

SCYB (Schwab High Yield Bond ETF) and VGHY (Vanguard High-Yield Active ETF) are both High Yield Bonds funds. SCYB is passively managed, while VGHY is actively managed. Their correlation of 0.81 suggests significant overlap in exposure. SCYB charges 0.03%/yr vs 0.22%/yr for VGHY.

Performance

SCYB vs. VGHY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab High Yield Bond ETF (SCYB) 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, SCYB achieves a 1.55% return, which is significantly higher than VGHY's 1.38% return.

SCYB

• 1D: -0.29%
• 1M: 0.36%
• YTD: 1.55%
• 6M: 1.87%
• 1Y: 6.99%
• 3Y*: —
• 5Y*: —
• 10Y*: —

VGHY

• 1D: -0.24%
• 1M: 0.28%
• YTD: 1.38%
• 6M: 2.00%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SCYB vs. VGHY - Yearly Performance Comparison

	2026 (YTD)	2025
SCYB Schwab High Yield Bond ETF	1.55%	1.40%
VGHY Vanguard High-Yield Active ETF	1.38%	1.80%

Correlation

The correlation between SCYB and VGHY is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 18, 2025	0.81

Return for Risk

SCYB vs. VGHY — Risk / Return Rank

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

SCYB

SCYB Risk / Return Rank: 59
SCYB Sharpe Ratio Rank: 54
SCYB Sortino Ratio Rank: 58
SCYB Omega Ratio Rank: 59
SCYB Calmar Ratio Rank: 57
SCYB Martin Ratio Rank: 68

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.

SCYB vs. VGHY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab High Yield Bond ETF (SCYB) 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.

	SCYB	VGHY	Difference
Sharpe ratio Return per unit of total volatility	1.88	—	—
Sortino ratio Return per unit of downside risk	2.81	—	—
Omega ratio Gain probability vs. loss probability	1.37	—	—
Calmar ratio Return relative to maximum drawdown	2.87	—	—
Martin ratio Return relative to average drawdown	12.87	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	SCYB	VGHY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.88	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.68	1.07	+0.62

Drawdowns

SCYB vs. VGHY - Drawdown Comparison

The maximum SCYB drawdown since its inception was -4.92%, which is greater than VGHY's maximum drawdown of -2.66%. Use the drawdown chart below to compare losses from any high point for SCYB and VGHY.

Drawdown Indicators

	SCYB	VGHY	Difference
Max Drawdown Largest peak-to-trough decline	-4.92%	-2.66%	-2.26%
Max Drawdown (1Y) Largest decline over 1 year	-2.44%	—	—
Current Drawdown Current decline from peak	-0.33%	-0.30%	-0.03%
Average Drawdown Average peak-to-trough decline	-0.52%	-0.45%	-0.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.54%	—	—

Volatility

Volatility by Period

	SCYB	VGHY	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.07%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.93%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.76%	4.30%	-0.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.13%	4.30%	+0.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.13%	4.30%	+0.83%

SCYB vs. VGHY - Expense Ratio Comparison

SCYB has a 0.03% expense ratio, which is lower than VGHY's 0.22% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

SCYB vs. VGHY - Dividend Comparison

SCYB's dividend yield for the trailing twelve months is around 6.94%, more than VGHY's 3.98% yield.

Position	TTM	2025	2024	2023
SCYB Schwab High Yield Bond ETF	6.94%	6.99%	7.06%	3.36%
VGHY Vanguard High-Yield Active ETF	3.98%	1.49%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SCYB and VGHY in my portfolio?

SCYB and VGHY have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SCYB or VGHY?

On fees, SCYB is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SCYB or VGHY?

SCYB is cheaper with a 0.03% expense ratio, compared with 0.22% for VGHY.

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

SCYB has the higher dividend yield at 6.94%, compared with 3.98% for VGHY.

What is the main difference between SCYB and VGHY?

They also come from different issuers: Charles Schwab and Vanguard. Their fees differ too: 0.03% for SCYB and 0.22% for VGHY.