VGHY vs. ESHY

Last updated Apr 2, 2026

Compare and contrast key facts about Vanguard High-Yield Active ETF (VGHY) and Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF (ESHY).

VGHY and ESHY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VGHY is an actively managed fund by Vanguard. It was launched on Sep 16, 2025. ESHY is a passively managed fund by Deutsche Bank that tracks the performance of the JPMorgan ESG DM Corporate High Yield USD Index. It was launched on Mar 3, 2015.

Performance

VGHY vs. ESHY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard High-Yield Active ETF (VGHY) and Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF (ESHY). The values are adjusted to include any dividend payments, if applicable.

VGHY vs. ESHY - Yearly Performance Comparison

	2026 (YTD)
VGHY Vanguard High-Yield Active ETF	-0.68%
ESHY Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF	0.00%

Returns By Period

VGHY

• 1D: 0.32%
• 1M: -0.78%
• YTD: -0.05%
• 6M: 1.49%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ESHY

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

VGHY vs. ESHY - Expense Ratio Comparison

VGHY has a 0.22% expense ratio, which is higher than ESHY's 0.20% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

VGHY

Vanguard High-Yield Active ETF

ESHY

Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF

Return for Risk

VGHY vs. ESHY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard High-Yield Active ETF (VGHY) and Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF (ESHY). 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.

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

Sharpe Ratios by Period

	VGHY	ESHY	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	0.74	—	—

Dividends

VGHY vs. ESHY - Dividend Comparison

VGHY's dividend yield for the trailing twelve months is around 3.00%, while ESHY has not paid dividends to shareholders.

	TTM	2025
VGHY Vanguard High-Yield Active ETF	3.00%	1.49%
ESHY Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF	0.00%	0.00%

Drawdowns

VGHY vs. ESHY - Drawdown Comparison

The maximum VGHY drawdown since its inception was -2.66%, which is greater than ESHY's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for VGHY and ESHY.

Drawdown Indicators

	VGHY	ESHY	Difference
Max Drawdown Largest peak-to-trough decline	-2.66%	0.00%	-2.66%
Current Drawdown Current decline from peak	-1.20%	0.00%	-1.20%
Average Drawdown Average peak-to-trough decline	-0.45%	0.00%	-0.45%

Volatility

Volatility by Period

	VGHY	ESHY	Difference
Volatility (1Y) Calculated over the trailing 1-year period	4.46%	0.00%	+4.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.46%	0.00%	+4.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.46%	0.00%	+4.46%