VGHY vs. SCYB

Last updated Apr 2, 2026

Compare and contrast key facts about Vanguard High-Yield Active ETF (VGHY) and Schwab High Yield Bond ETF (SCYB).

VGHY and SCYB 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. SCYB is a passively managed fund by Charles Schwab that tracks the performance of the ICE BofA US Cash Pay High Yield Constrained Index. It was launched on Jul 10, 2023.

Performance

VGHY vs. SCYB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard High-Yield Active ETF (VGHY) and Schwab High Yield Bond ETF (SCYB). The values are adjusted to include any dividend payments, if applicable.

VGHY vs. SCYB - Yearly Performance Comparison

	2026 (YTD)	2025
VGHY Vanguard High-Yield Active ETF	-0.05%	1.80%
SCYB Schwab High Yield Bond ETF	-0.10%	1.40%

Returns By Period

In the year-to-date period, VGHY achieves a -0.05% return, which is significantly higher than SCYB's -0.10% return.

VGHY

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

SCYB

• 1D: 0.36%
• 1M: -0.82%
• YTD: -0.10%
• 6M: 0.87%
• 1Y: 7.00%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

VGHY vs. SCYB - Expense Ratio Comparison

VGHY has a 0.22% expense ratio, which is higher than SCYB's 0.03% 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

SCYB

Schwab High Yield Bond ETF

Return for Risk

VGHY vs. SCYB — Risk / Return Rank

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

SCYB

SCYB Risk / Return Rank: 71
SCYB Sharpe Ratio Rank: 68
SCYB Sortino Ratio Rank: 70
SCYB Omega Ratio Rank: 75
SCYB Calmar Ratio Rank: 64
SCYB Martin Ratio Rank: 79

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. SCYB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard High-Yield Active ETF (VGHY) and Schwab High Yield Bond ETF (SCYB). 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	SCYB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.24	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.74	1.64	-0.90

Correlation

The correlation between VGHY and SCYB is 0.77, 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. SCYB - Dividend Comparison

VGHY's dividend yield for the trailing twelve months is around 3.00%, less than SCYB's 7.06% yield.

	TTM	2025	2024	2023
VGHY Vanguard High-Yield Active ETF	3.00%	1.49%	0.00%	0.00%
SCYB Schwab High Yield Bond ETF	7.06%	6.99%	7.06%	3.36%

Drawdowns

VGHY vs. SCYB - Drawdown Comparison

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

Drawdown Indicators

	VGHY	SCYB	Difference
Max Drawdown Largest peak-to-trough decline	-2.66%	-4.92%	+2.26%
Max Drawdown (1Y) Largest decline over 1 year	—	-4.22%	—
Current Drawdown Current decline from peak	-1.20%	-1.14%	-0.06%
Average Drawdown Average peak-to-trough decline	-0.45%	-0.53%	+0.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.80%	—

Volatility

Volatility by Period

	VGHY	SCYB	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.28%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.93%	—
Volatility (1Y) Calculated over the trailing 1-year period	4.46%	5.68%	-1.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.46%	5.20%	-0.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.46%	5.20%	-0.74%