THY vs. VGHY

Last updated Jun 4, 2026

THY (Agility Shares Dynamic Tactical Income ETF) and VGHY (Vanguard High-Yield Active ETF) are both High Yield Bonds funds. Both are actively managed. A 0.58 correlation means they provide meaningful diversification when combined. THY charges 1.36%/yr vs 0.22%/yr for VGHY.

Performance

THY vs. VGHY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Agility Shares Dynamic Tactical Income ETF (THY) 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, THY achieves a 0.45% return, which is significantly lower than VGHY's 1.38% return.

THY

• 1D: -0.26%
• 1M: -0.43%
• YTD: 0.45%
• 6M: 0.64%
• 1Y: 4.31%
• 3Y*: 5.21%
• 5Y*: 1.71%
• 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)

THY vs. VGHY - Yearly Performance Comparison

	2026 (YTD)	2025
THY Agility Shares Dynamic Tactical Income ETF	0.45%	-0.36%
VGHY Vanguard High-Yield Active ETF	1.38%	1.80%

Correlation

The correlation between THY and VGHY is 0.58, 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	0.58

Return for Risk

THY vs. VGHY — Risk / Return Rank

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

THY

THY Risk / Return Rank: 44
THY Sharpe Ratio Rank: 41
THY Sortino Ratio Rank: 43
THY Omega Ratio Rank: 41
THY Calmar Ratio Rank: 55
THY Martin Ratio Rank: 41

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.

THY vs. VGHY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Agility Shares Dynamic Tactical Income ETF (THY) 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.

	THY	VGHY	Difference
Sharpe ratio: Return per unit of total volatility	1.46	—	—
Sortino ratio: Return per unit of downside risk	2.18	—	—
Omega ratio: Gain probability vs. loss probability	1.27	—	—
Calmar ratio: Return relative to maximum drawdown	2.70	—	—
Martin ratio: Return relative to average drawdown	6.56	—	—
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

	THY	VGHY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.46	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.38	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.48	1.07	-0.59

Drawdowns

THY vs. VGHY - Drawdown Comparison

The maximum THY drawdown since its inception was -8.56%, which is greater than VGHY's maximum drawdown of -2.66%. Use the drawdown chart below to compare losses from any high point for THY and VGHY.

Drawdown Indicators

	THY	VGHY	Difference
Max Drawdown Largest peak-to-trough decline	-8.56%	-2.66%	-5.90%
Max Drawdown (1Y) Largest decline over 1 year	-1.60%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-2.74%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-8.56%	—	—
Current Drawdown Current decline from peak	-0.83%	-0.30%	-0.53%
Average Drawdown Average peak-to-trough decline	-2.61%	-0.45%	-2.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.66%	—	—

Volatility

Volatility by Period

	THY	VGHY	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.93%	—	—
Volatility (6M) Calculated over the trailing 6-month period	1.87%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	2.97%	4.30%	-1.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.55%	4.30%	+0.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.48%	4.30%	+0.18%

THY vs. VGHY - Expense Ratio Comparison

THY has a 1.36% expense ratio, which is higher than VGHY's 0.22% expense ratio.

Dividends

THY vs. VGHY - Dividend Comparison

THY's dividend yield for the trailing twelve months is around 5.40%, more than VGHY's 3.98% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
THY Agility Shares Dynamic Tactical Income ETF	5.40%	6.00%	5.09%	4.59%	2.56%	3.46%	2.53%
VGHY Vanguard High-Yield Active ETF	3.98%	1.49%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both THY and VGHY in my portfolio?

THY and VGHY have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, THY 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, THY or VGHY?

VGHY is cheaper with a 0.22% expense ratio, compared with 1.36% for THY.

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

THY has the higher dividend yield at 5.40%, compared with 3.98% for VGHY.

What is the main difference between THY and VGHY?

They also come from different issuers: Toews Corp. and Vanguard. Their fees differ too: 1.36% for THY and 0.22% for VGHY.