VBCI vs. HYGH
VBCI (Vanguard Target Maturity 2035 Corporate Bond ETF) and HYGH (iShares Interest Rate Hedged High Yield Bond ETF) are both exchange-traded funds - VBCI is a Corporate Bonds fund tracking the ICE 2035 Maturity US Corporate Constrained Index, while HYGH is a High Yield Bonds fund tracking the Markit iBoxx USD Liquid High Yield Interest Hedged Index. Both are passively managed. Their 0.35 correlation means their historical movements had little consistent relationship. VBCI charges 0.08%/yr vs 0.52%/yr for HYGH.
Performance
VBCI vs. HYGH - Performance Comparison
Loading charts...
Returns By Period
VBCI
- 1D
- -0.22%
- 1M
- -1.75%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
HYGH
- 1D
- 0.23%
- 1M
- 0.18%
- 6M
- 3.04%
- YTD
- 3.69%
- 1Y
- 7.30%
- 3Y*
- 9.04%
- 5Y*
- 7.04%
- 10Y*
- 6.28%
- ALL TIME*
- 4.72%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $5.51M | $5.45M | $4.91M | |
| $105.20K | $130.97K | $180.77K |
VBCI vs. HYGH - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
VBCI Vanguard Target Maturity 2035 Corporate Bond ETF | 0.23% |
HYGH iShares Interest Rate Hedged High Yield Bond ETF | 3.38% |
Correlation
The correlation between VBCI and HYGH is 0.35, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Mar 26, 2026 | 0.35 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
VBCI vs. HYGH — Risk / Return Rank
VBCI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
HYGH
VBCI vs. HYGH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Target Maturity 2035 Corporate Bond ETF (VBCI) and iShares Interest Rate Hedged High Yield Bond ETF (HYGH). 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.
| VBCI | HYGH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.35 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 4.24 | — |
| Martin ratioReturn relative to average drawdown | — | 16.68 | — |
Loading charts...
Drawdowns
VBCI vs. HYGH - Drawdown Comparison
The maximum VBCI drawdown since its inception was -2.24%, smaller than the maximum HYGH drawdown of -23.88%. Use the drawdown chart below to compare losses from any high point for VBCI and HYGH.
Loading charts...
Drawdown Indicators
| VBCI | HYGH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.24% | -23.88% | +21.64% |
Max Drawdown (1Y)Largest decline over 1 year | — | -1.62% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -8.06% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -8.24% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -23.88% | — |
Current DrawdownCurrent decline from peak | -2.14% | -0.06% | -2.08% |
Average DrawdownAverage peak-to-trough decline | -0.79% | -2.20% | +1.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.41% | — |
Volatility
VBCI vs. HYGH - Volatility Comparison
Loading charts...
Volatility by Period
| VBCI | HYGH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.63% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 2.77% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 5.24% | 3.64% | +1.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.24% | 7.06% | -1.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.24% | 8.21% | -2.97% |
VBCI vs. HYGH - Expense Ratio Comparison
VBCI has a 0.08% expense ratio, which is lower than HYGH's 0.52% expense ratio.
Dividends
VBCI vs. HYGH - Dividend Comparison
VBCI's dividend yield for the trailing twelve months is around 1.30%, less than HYGH's 6.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYGH iShares Interest Rate Hedged High Yield Bond ETF | 6.56% | 6.86% | 7.85% | 8.95% | 6.21% | 3.74% | 4.06% | 4.89% | 6.45% | 4.79% | 4.60% | 5.75% |
VBCI Vanguard Target Maturity 2035 Corporate Bond ETF | 1.30% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
VBCI and HYGH have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VBCI is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VBCI is cheaper with a 0.08% expense ratio, compared with 0.52% for HYGH.
HYGH has the higher dividend yield at 6.56%, compared with 1.30% for VBCI.
VBCI is categorized as Corporate Bonds, while HYGH is High Yield Bonds. VBCI tracks ICE 2035 Maturity US Corporate Constrained Index, while HYGH tracks Markit iBoxx USD Liquid High Yield Interest Hedged Index. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.08% for VBCI and 0.52% for HYGH.
Find the right allocation for VBCI and HYGH
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer