VGHY vs. LDRH

Last updated Apr 2, 2026

Compare and contrast key facts about Vanguard High-Yield Active ETF (VGHY) and iShares iBonds 1-5 Year High Yield and Income Ladder ETF (LDRH).

VGHY and LDRH 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. LDRH is a passively managed fund by iShares that tracks the performance of the BlackRock iBonds 1-5 Year High Yield and Income Ladder Index. It was launched on Nov 7, 2024.

Performance

VGHY vs. LDRH - Performance Comparison

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

VGHY vs. LDRH - Yearly Performance Comparison

	2026 (YTD)	2025
VGHY Vanguard High-Yield Active ETF	-0.05%	1.80%
LDRH iShares iBonds 1-5 Year High Yield and Income Ladder ETF	0.66%	1.46%

Returns By Period

In the year-to-date period, VGHY achieves a -0.05% return, which is significantly lower than LDRH's 0.66% return.

VGHY

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

LDRH

• 1D: 0.15%
• 1M: 0.25%
• YTD: 0.66%
• 6M: 1.72%
• 1Y: 6.63%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

VGHY vs. LDRH - Expense Ratio Comparison

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

LDRH

iShares iBonds 1-5 Year High Yield and Income Ladder ETF

VGHY

Vanguard High-Yield Active ETF

Return for Risk

VGHY vs. LDRH — Risk / Return Rank

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

LDRH

LDRH Risk / Return Rank: 87
LDRH Sharpe Ratio Rank: 83
LDRH Sortino Ratio Rank: 89
LDRH Omega Ratio Rank: 91
LDRH Calmar Ratio Rank: 78
LDRH Martin Ratio Rank: 93

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.

VGHY vs. LDRH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard High-Yield Active ETF (VGHY) and iShares iBonds 1-5 Year High Yield and Income Ladder ETF (LDRH). 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	LDRH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.71	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.74	1.61	-0.87

Correlation

The correlation between VGHY and LDRH is 0.71, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

VGHY vs. LDRH - Dividend Comparison

VGHY's dividend yield for the trailing twelve months is around 3.00%, less than LDRH's 6.98% yield.

	TTM	2025	2024
VGHY Vanguard High-Yield Active ETF	3.00%	1.49%	0.00%
LDRH iShares iBonds 1-5 Year High Yield and Income Ladder ETF	6.98%	6.41%	1.13%

Drawdowns

VGHY vs. LDRH - Drawdown Comparison

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

Drawdown Indicators

	VGHY	LDRH	Difference
Max Drawdown Largest peak-to-trough decline	-2.66%	-3.17%	+0.51%
Max Drawdown (1Y) Largest decline over 1 year	—	-2.82%	—
Current Drawdown Current decline from peak	-1.20%	-0.32%	-0.88%
Average Drawdown Average peak-to-trough decline	-0.45%	-0.25%	-0.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.46%	—

Volatility

Volatility by Period

	VGHY	LDRH	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.34%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.04%	—
Volatility (1Y) Calculated over the trailing 1-year period	4.46%	3.89%	+0.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.46%	3.62%	+0.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.46%	3.62%	+0.84%