VGHY vs. SHYG
VGHY (Vanguard High-Yield Active ETF) and SHYG (iShares 0-5 Year High Yield Corporate Bond ETF) are both High Yield Bonds funds. VGHY is actively managed, while SHYG is passively managed. Their correlation of 0.81 suggests significant overlap in exposure. VGHY charges 0.22%/yr vs 0.30%/yr for SHYG.
Performance
VGHY vs. SHYG - Performance Comparison
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Returns By Period
As of year-to-date, both investments have demonstrated similar returns, with VGHY at 1.72% and SHYG at 1.72%.
VGHY
- 1D
- 0.24%
- 1M
- 0.77%
- YTD
- 1.72%
- 6M
- 2.20%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SHYG
- 1D
- -0.07%
- 1M
- 0.39%
- YTD
- 1.72%
- 6M
- 1.94%
- 1Y
- 6.03%
- 3Y*
- 8.27%
- 5Y*
- 4.78%
- 10Y*
- 5.21%
VGHY vs. SHYG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
VGHY Vanguard High-Yield Active ETF | 1.72% | 1.77% |
SHYG iShares 0-5 Year High Yield Corporate Bond ETF | 1.72% | 1.37% |
Correlation
The correlation between VGHY and SHYG is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 17, 2025 | 0.81 |
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Return for Risk
VGHY vs. SHYG — Risk / Return Rank
VGHY
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SHYG
VGHY vs. SHYG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard High-Yield Active ETF (VGHY) and iShares 0-5 Year High Yield Corporate Bond ETF (SHYG). 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.
| VGHY | SHYG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.38 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.46 | — |
| Martin ratioReturn relative to average drawdown | — | 14.95 | — |
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Drawdowns
VGHY vs. SHYG - Drawdown Comparison
The maximum VGHY drawdown since its inception was -2.66%, smaller than the maximum SHYG drawdown of -19.26%. Use the drawdown chart below to compare losses from any high point for VGHY and SHYG.
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Drawdown Indicators
| VGHY | SHYG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.66% | -19.26% | +16.60% |
Max Drawdown (1Y)Largest decline over 1 year | — | -1.75% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -4.53% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -9.39% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -19.26% | — |
Current DrawdownCurrent decline from peak | -0.08% | -0.16% | +0.08% |
Average DrawdownAverage peak-to-trough decline | -0.44% | -1.44% | +1.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.40% | — |
Volatility
VGHY vs. SHYG - Volatility Comparison
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Volatility by Period
| VGHY | SHYG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.83% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 2.57% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 4.25% | 3.20% | +1.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.25% | 5.74% | -1.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.25% | 6.41% | -2.16% |
VGHY vs. SHYG - Expense Ratio Comparison
VGHY has a 0.22% expense ratio, which is lower than SHYG's 0.30% expense ratio.
Dividends
VGHY vs. SHYG - Dividend Comparison
VGHY's dividend yield for the trailing twelve months is around 3.97%, less than SHYG's 7.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SHYG iShares 0-5 Year High Yield Corporate Bond ETF | 7.00% | 7.03% | 6.93% | 6.54% | 5.57% | 4.83% | 5.07% | 5.33% | 5.90% | 5.49% | 5.53% | 5.17% |
VGHY Vanguard High-Yield Active ETF | 3.97% | 1.49% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
VGHY and SHYG have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
VGHY is cheaper with a 0.22% expense ratio, compared with 0.30% for SHYG.
SHYG has the higher dividend yield at 7.00%, compared with 3.97% for VGHY.
They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.22% for VGHY and 0.30% for SHYG.
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