VGHY vs. VCIT
VGHY (Vanguard High-Yield Active ETF) and VCIT (Vanguard Intermediate-Term Corporate Bond ETF) are both exchange-traded funds - VGHY is a High Yield Bonds fund actively managed by Vanguard, while VCIT is a Corporate Bonds fund tracking the Bloomberg U.S. 5-10 Year Corporate Bond Index. VGHY is actively managed, while VCIT is passively managed. Their 0.63 correlation means they have sometimes moved together and sometimes differently. VGHY charges 0.22%/yr vs 0.03%/yr for VCIT.
Performance
VGHY vs. VCIT - Performance Comparison
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Returns By Period
In the year-to-date period, VGHY achieves a 1.63% return, which is significantly higher than VCIT's -0.64% return.
VGHY
- 1D
- 0.07%
- 1M
- -0.34%
- 6M
- 1.25%
- YTD
- 1.63%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
VCIT
- 1D
- -0.15%
- 1M
- -1.31%
- 6M
- -0.88%
- YTD
- -0.64%
- 1Y
- 2.20%
- 3Y*
- 5.78%
- 5Y*
- 0.64%
- 10Y*
- 2.65%
- ALL TIME*
- 4.24%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $656.43M | $641.05M | $718.26M | |
| $2.96M | $3.03M | $3.77M |
VGHY vs. VCIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
VGHY Vanguard High-Yield Active ETF | 1.63% | 1.77% |
VCIT Vanguard Intermediate-Term Corporate Bond ETF | -0.64% | 0.64% |
Correlation
The correlation between VGHY and VCIT is 0.63, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 17, 2025 | 0.63 |
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Return for Risk
VGHY vs. VCIT — Risk / Return Rank
VGHY
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
VCIT
VGHY vs. VCIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard High-Yield Active ETF (VGHY) and Vanguard Intermediate-Term Corporate Bond ETF (VCIT). 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 | VCIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.13 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.04 | — |
| Martin ratioReturn relative to average drawdown | — | 2.91 | — |
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Drawdowns
VGHY vs. VCIT - Drawdown Comparison
The maximum VGHY drawdown since its inception was -2.66%, smaller than the maximum VCIT drawdown of -20.56%. Use the drawdown chart below to compare losses from any high point for VGHY and VCIT.
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Drawdown Indicators
| VGHY | VCIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.66% | -20.56% | +17.90% |
Max Drawdown (1Y)Largest decline over 1 year | — | -2.96% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -5.29% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.51% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -20.56% | — |
Current DrawdownCurrent decline from peak | -0.47% | -2.16% | +1.69% |
Average DrawdownAverage peak-to-trough decline | -0.42% | -3.14% | +2.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.06% | — |
Volatility
VGHY vs. VCIT - Volatility Comparison
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Volatility by Period
| VGHY | VCIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.12% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 3.29% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 4.05% | 4.10% | -0.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.05% | 6.62% | -2.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.05% | 6.28% | -2.23% |
VGHY vs. VCIT - Expense Ratio Comparison
VGHY has a 0.22% expense ratio, which is higher than VCIT'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%.
Dividends
VGHY vs. VCIT - Dividend Comparison
VGHY's dividend yield for the trailing twelve months is around 4.50%, less than VCIT's 4.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VCIT Vanguard Intermediate-Term Corporate Bond ETF | 4.46% | 4.62% | 4.43% | 3.72% | 3.03% | 2.87% | 2.78% | 3.37% | 3.61% | 3.21% | 3.29% | 3.34% |
VGHY Vanguard High-Yield Active ETF | 4.50% | 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 VCIT have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VCIT is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VCIT is cheaper with a 0.03% expense ratio, compared with 0.22% for VGHY.
VGHY has the higher dividend yield at 4.50%, compared with 4.46% for VCIT.
VGHY is categorized as High Yield Bonds, while VCIT is Corporate Bonds. Their fees differ too: 0.22% for VGHY and 0.03% for VCIT.
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