VGHY vs. XOP
VGHY (Vanguard High-Yield Active ETF) and XOP (SPDR S&P Oil & Gas Exploration & Production ETF) are both exchange-traded funds - VGHY is a High Yield Bonds fund actively managed by Vanguard, while XOP is a Energy Equities fund tracking the S&P Oil & Gas Exploration & Production Select Industry. VGHY is actively managed, while XOP is passively managed. Their -0.15 correlation means they have often moved in opposite directions in the past. VGHY charges 0.22%/yr vs 0.35%/yr for XOP.
Performance
VGHY vs. XOP - Performance Comparison
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Returns By Period
In the year-to-date period, VGHY achieves a 1.63% return, which is significantly lower than XOP's 41.76% return.
VGHY
- 1D
- 0.07%
- 1M
- -0.34%
- 6M
- 1.25%
- YTD
- 1.63%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
XOP
- 1D
- 1.45%
- 1M
- 14.72%
- 6M
- 27.63%
- YTD
- 41.76%
- 1Y
- 46.74%
- 3Y*
- 10.13%
- 5Y*
- 19.29%
- 10Y*
- 5.00%
- ALL TIME*
- 2.68%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.96M | $3.03M | $3.77M | |
| $553.31M | $544.38M | $598.08M |
VGHY vs. XOP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
VGHY Vanguard High-Yield Active ETF | 1.63% | 1.77% |
XOP SPDR S&P Oil & Gas Exploration & Production ETF | 41.76% | -4.03% |
Correlation
The correlation between VGHY and XOP is -0.15, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 17, 2025 | -0.15 |
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Return for Risk
VGHY vs. XOP — Risk / Return Rank
VGHY
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
XOP
VGHY vs. XOP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard High-Yield Active ETF (VGHY) and SPDR S&P Oil & Gas Exploration & Production ETF (XOP). 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 | XOP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.24 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.26 | — |
| Martin ratioReturn relative to average drawdown | — | 5.48 | — |
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Drawdowns
VGHY vs. XOP - Drawdown Comparison
The maximum VGHY drawdown since its inception was -2.66%, smaller than the maximum XOP drawdown of -90.27%. Use the drawdown chart below to compare losses from any high point for VGHY and XOP.
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Drawdown Indicators
| VGHY | XOP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.66% | -90.27% | +87.61% |
Max Drawdown (1Y)Largest decline over 1 year | — | -18.50% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -34.98% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -34.98% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -82.61% | — |
Current DrawdownCurrent decline from peak | -0.47% | -33.74% | +33.27% |
Average DrawdownAverage peak-to-trough decline | -0.42% | -42.56% | +42.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 7.67% | — |
Volatility
VGHY vs. XOP - Volatility Comparison
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Volatility by Period
| VGHY | XOP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 8.28% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 22.52% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 4.05% | 28.49% | -24.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.05% | 33.53% | -29.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.05% | 40.15% | -36.10% |
VGHY vs. XOP - Expense Ratio Comparison
VGHY has a 0.22% expense ratio, which is lower than XOP's 0.35% expense ratio.
Dividends
VGHY vs. XOP - Dividend Comparison
VGHY's dividend yield for the trailing twelve months is around 4.50%, more than XOP's 1.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
XOP SPDR S&P Oil & Gas Exploration & Production ETF | 1.83% | 2.62% | 2.45% | 2.63% | 2.47% | 1.61% | 2.34% | 1.47% | 0.99% | 0.76% | 0.76% | 2.21% |
Frequently Asked Questions
VGHY and XOP have a correlation of -0.15, 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 0.35% for XOP.
VGHY has the higher dividend yield at 4.50%, compared with 1.83% for XOP.
VGHY is categorized as High Yield Bonds, while XOP is Energy Equities. They also come from different issuers: Vanguard and State Street. Their fees differ too: 0.22% for VGHY and 0.35% for XOP.
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