VanguardBonds & CashHigh Yield#405 of 786 by YTD

Vanguard Fixed Income Securities Funds - Vanguard High-Yield Active ETFVGHY

1D 1M 3M YTD 1Y3Y5YMAX

S&P 500 Bucket avg Compare

$72.170.0%

−$0.01 · Nov 6 close

Buy

AUM: $319M
Fee: 0.22%
Yield: 6.2%

Bumpy · 1Y: 0.3×S&P
Volume: 31K
NAV: $72.10

What's insideAll 613 →

US 2YR NOTE (CBT) Dec26 4.7%USD/EUR FWD 20261216 2.7%US 5YR NOTE (CBT) Dec26 2.5%United States Treasury Note/Bond 3.88% 09/30/2029 1.0%

52-week range5% below the high

$71.43$75.92

Returns	1D	1M	3M	YTD	1Y	3Y	5Y	MAX
Total return	0.0%	+0.6%	−1.3%	+0.8%	+2.9%	—	—	+2.6%
Peer average	0.0%	+0.4%	−1.1%	+1.2%	+2.7%	+26.5%	+21.3%	—
S&P 500 · VOO	+0.3%	−5.0%	−4.6%	+8.7%	+9.8%	+80.8%	+71.8%	—

VGHY in One Breath

VGHY Among High Yield ETFs

YTD

#1MHYMan Group+5.6%$33.2M

#2SEIXVirtus+4.1%$303M

#3HYZDWisdomTree+3.6%$307M

#4SLNZTCW+3.5%$225M

#5HYGHiShares+3.5%$642M

#6HYHGProShares+3.2%$238M

#7FLBLFranklin Templeton+3.2%$762M

#8LONZPIMCO+3.1%$694M

#63VGHYVanguard+0.8%$319M

End-of-day Nov 8, 2026 · 92 High yield ETFs by YTD

$10,000 in VGHY

$10,000 in VGHY became

$10,262

In the S&P 500 (VOO)

$11,314

Total return, dividends in · Sep 17, 2025 – Nov 6, 2026 · S&P 500 uses VOO

VGHY’s Top Holdings

Today

US 2YR NOTE (CUS 2YR NOTE (CBT) Dec264.7%USD/EUR FWD 2.7%US 5YR NOTE 2.5%United State1.0%United State0.9%United State0.9%TransDigm In0.9%Nissan Motor0.8%PR RNO Prope0.8%US 10yr Ultr0.8%1261229 BC L0.7%Cleveland-Cl0.7%IQVIA Inc 5.0.6%MKTLIQ 12/310.6%Hawaiian Ele0.6%Transocean I0.6%CRC Insuranc0.6%JetBlue Airw0.6%ZF North Ame0.5%Burford Capi0.5%OAK-Eagle Ac0.5%FMC Corp 5.60.5%

Other

Vanguard VGHY · 606 holdings · top 22 shown · tile size = share of the fund · as of Nov 6, 2026

What VGHY Holds

Today

Basic Materials82.6%

[…]

Healthcare17.4%

[…]

Other holdings52.1%

US 2YR NOT 4.7 · USD/EUR FW 2.7 · US 5YR NOT 2.5 · United Sta · United Sta · United Sta · TransDigm

Vanguard VGHY · share of the fund by sector · as of Nov 6, 2026

US’s Share of VGHY

Today

4.7%

$47 of every $1,000 in VGHY is US

US held by VGHY

$15.2M

Vanguard VGHY · each square = $10 of $1,000 · as of Nov 6, 2026

VGHY’s Share of High Yield ETFs

Today

0.2%

of the $138B in 109 High yield ETFs

VGHY$319M0.2%

USHY$27.5B20.0%

HYG$18.0B13.1%

106 others$91.9B66.7%

High yield ETF AUM · Nov 8, 2026

VGHY Fee per $100 vs Peers

Today

$0.22a year
per $100

$22 a year on $10,000

SPHY$0.05

USHY$0.08

VGHY$0.22

SHYG$0.30

JNK$0.40

HYG$0.49

Expense ratio · High yield peers · Nov 8, 2026

Inside VGHY

606 holdings · as of Nov 6, 2026

VGHY

Vanguard Fixed Income Securities Funds - Vanguard High-Yield Active ETF

Today

Basic Materials82.6%Healthcare17.4%Other52.1%US 2YR NOT4.7%/EUR FWD 22.7%US 5YR NOT2.5%86 more holdings33.6% of the fund

Basic Materials82.6%Healthcare17.4%Other52.1%94 more holdings39.4% of the fund

#	Ticker	Company	Weight ▼
1	—	US 2YR NOTE (CBT) Dec26	4.75%
2	—	/EUR FWD 20261216	2.71%
3	—	US 5YR NOTE (CBT) Dec26	2.51%
4	—	United States Treasury Note/Bond 3.88% 09/30/2029	0.99%
5	—	United States Treasury Note/Bond 4.13% 06/15/2029	0.88%
6	—	United States Treasury Note/Bond 3.63% 03/31/2030	0.86%
7	—	TransDigm 6.38% 05/31/2033	0.85%
8	—	Nissan Motor Acceptance LLC 6.13% 09/30/2030	0.82%
9	—	PR RNO Property Owner 1 LLC 6.50% 05/01/2031	0.79%
10	—	US 10yr Ultra Fut Dec26	0.79%

See all 613 holdings ↓

Basic MaterialsHealthcareOther

Vanguard VGHY · current holdings by weight · as of Nov 6, 2026 · each tile is one holding · top 20 = 21.8%

All VGHY Holdings

613 holdings · as of Nov 6, 2026

VGHY

VGHY’s Holdings

Today

#
1	—US 2YR NOTE (CBT) Dec26	4.75%	$474.87	78	$15.9M
2	—/EUR FWD 20261216	2.71%	$270.57	9.0M	$9.0M
3	—US 5YR NOTE (CBT) Dec26	2.51%	$250.56	81	$8.4M
4	—United States Treasury Note/Bond 3.88% 09/30/2029	0.99%	$98.82	34K	$3.3M
5	—United States Treasury Note/Bond 4.13% 06/15/2029	0.88%	$87.94	30K	$2.9M
6	—United States Treasury Note/Bond 3.63% 03/31/2030	0.86%	$85.86	30K	$2.9M
7	—TransDigm 6.38% 05/31/2033	0.85%	$85.01	30K	$2.8M
8	—Nissan Motor Acceptance LLC 6.13% 09/30/2030	0.82%	$82.28	29K	$2.7M
9	—PR RNO Property Owner 1 LLC 6.50% 05/01/2031	0.79%	$79.40	29K	$2.7M
10	—US 10yr Ultra Fut Dec26	0.79%	$78.61	25	$2.6M
11	—1261229 BC 10.00% 04/15/2032	0.71%	$71.48	23K	$2.4M
12	—Cleveland-Cliffs 4.63% 03/01/2029	0.66%	$66.29	23K	$2.2M
13	—Iqvia 5.00% 10/15/2026	0.64%	$63.62	21K	$2.1M
14	—Mktliq 12/31/2049	0.59%	$58.63	2.0M	$2.0M
15	—Hawaiian Electric 6.00% 10/01/2033	0.57%	$57.37	20K	$1.9M

Vanguard VGHY · every reported holding · per $10,000 = dollars of each holding in a $10,000 stake · as of Nov 6, 2026

How It Compares

VGHY

Vanguard Fixed Income Securities Funds - Vanguard High-Yield Active ETF’s Peers


USHY	iSharesRead Desk	0.08%	+2.5%	+1.0%	$27.5B
HYG	iSharesRead Desk	0.49%	+2.1%	+0.7%	$18.0B
SPHY	SPDRRead Desk	0.05%	+2.5%	+1.0%	$11.9B
SHYG	iSharesRead Desk	0.30%	+3.0%	+1.5%	$7.8B
JNK	SPDRRead Desk	0.40%	+2.5%	+0.8%	$6.2B
VGHY	VanguardThis fundRead Desk	0.22%	+2.9%	+0.8%	$319M

High yield peers · Past-year and ytd returns · as of Nov 8, 2026 · sorted by AUM

Head to Head

Put VGHY head to head with USHY →

USHY vs VGHY

YTD

USHYiShares · High yieldVGHYVanguard · High yield

Year to date

+1.0%

+0.8%

USHY wins+0.2 pts

Past year

+2.5%

+2.9%

VGHY wins+0.3 pts

Fee

0.08%

0.22%

USHY winslower fee

Yield

7.1%

6.2%

USHY wins+0.9 pts

AUM

$27.5B

$319M

USHY86.2× more

3–1USHY wins

iShares USHY and Vanguard VGHY · year-to-date · as of Nov 8, 2026 · AUM not scored

VGHY vs VOO

VGHY · Vanguard Fixed Income Securities Funds - Vanguard High-Yield Active

+2.9%

VOO · S&P 500

+9.8%

Gap

6.9 pts

Vanguard VGHY and Vanguard VOO · 1Y total return · as of Nov 8, 2026

VGHY vs Its Peer Average

YTD

VGHYAvsBPeer average

1D0.0%0.0%

1M+0.6%+0.4%

3M−1.3%−1.1%

YTD+0.8%+1.2%

1Y+2.9%+2.7%

3Y[…]+26.5%

5Y[…]+21.3%

3–2VGHY wins

108 High yield peers · each row scaled to its leader

How Bumpy Is VGHY?

View

VGHY

How Bumpy

0.3×the S&P 500’s swings

CalmerBumpierS&P 1×VGHY

Bumpiest of 7 high yield fundsVGHY

Other high yield funds0.2× to 0.3×

Vanguard VGHY · daily swings over the past year vs the S&P 500

VGHY

Worst Drop

−3.2%from its Aug 25 high

Still below the high−1.9%

$10,000 at the high is now$9,810

Vanguard VGHY · fall from the highest close, past year

VGHY

On a Bad Day

0.2×the S&P 500’s fall

VGHY’s worst day: Tuesday, Dec 16

VGHY

−1.0%

S&P 500

−0.3%

Up days50 of every 100

S&P 500 up days52 of every 100

Vanguard VGHY · average move on days the S&P 500 fell

VGHY

Return for the Bumps

1Y#3 of 7 high yield funds

#1BKLNInvesco

most for the bumps

#2SHYGiShares

less than cash

#3VGHYVanguard

less than cash

#4JNKSPDR

less than cash

#5USHYiShares

less than cash

#6SPHYSPDR

less than cash

#7HYGiShares

less than cash

Ranked by return above cash for each unit of bumpiness (Sharpe ratio) · cash = 3.8%

VGHY

Cost

Today

$22a year per $10,000

SPHY

USHY

VGHY

$22

SHYG

$30

JNK

$40

HYG

$49

BKLN

$67

Expense ratio 0.22%, taken from the fund’s value

VGHY

Volatility & Beta

4.1%annual volatility

S&P 500 volatility13.6%

Downside volatility2.7%

Beta vs SPY0.18

Correlation vs SPY0.59

Beta rank, lowest first, of 7#3

Daily total returns × √252 · past 254 trading days

VGHY

Max Drawdown

−3.2%peak to trough

Peak closeAug 25, 2026

Current drawdown−1.9%

Worst day−0.97% · Dec 16

Closing prices, dividends in

VGHY

Up / Down Capture

20%down capture vs SPY

Down days

20%

Up days

21%

S&P 500

100%

Up ÷ down capture1.05

Up days50.4% (S&P 52.0%)

Average daily move on SPY up days and down days

VGHY

Sharpe & Sortino vs Peers

Fund	Sharpe	Sortino	Volatility	Max DD	Beta	Fee / $10k
BKLN	0.18	0.27	3.0%	−3.1%	0.13	$67
SHYG	−0.25	−0.38	3.2%	−2.1%	0.17	$30
VGHY	−0.27	−0.41	4.1%	−3.2%	0.18	$22
JNK	−0.32	−0.46	3.9%	−3.0%	0.21	$40
USHY	−0.32	−0.46	3.8%	−2.8%	0.21	$8
SPHY	−0.32	−0.47	3.8%	−2.8%	0.20	$5
HYG	−0.41	−0.59	3.9%	−2.9%	0.21	$49

Sharpe = (return − 3.8% cash) ÷ volatility · Sortino uses downside volatility only

VGHY

Trading

Today

+0.10%above its holdings’ value

Close$72.17

NAV$72.10

Fee per $10,000$22 a year

Avg. volume 30D49K shares

Premium / discount history starts once daily NAV is saved

Close vs net asset value, Nov 6

The Details

VGHY

Fund Facts

Today

2025launched Sep 16

Tracks[…]

Exchange · CUSIPCBOE · 922031687

StructureETF

Leverage1x

Cost on $10,000$22 a year

Go deeper

Prospectus & documents Trading & liquidity Fees & costs Distributions

Vanguard VGHY · fund facts · as of Nov 8, 2026

VGHY

Payouts by Year

$0.41per share, Nov 2026

Distribution yield6.2%

PaidEvery month

Latest ex-date · paidNov 2 · Nov 4, 2026

12 payouts added up$4.50 a share

Vanguard VGHY · distributions by ex-date · 2025–2026

All Fund FactsDocuments · trading · fees · every payout

Prospectus & Documents

SEC reported portfolio · 2026-07-31 ↗SEC reported portfolio · 2026-04-30 ↗summary prospectus · SEC 497K ↗SEC reported portfolio · 2026-01-31 ↗SEC reported portfolio · 2025-10-31 ↗summary prospectus · SEC 497K ↗prospectus · SEC 485BPOS ↗prospectus · SEC 485APOS ↗

Trading & Liquidity

Net asset value$72.10

Premium / discount[…]

Median spread · 30D[…]

Volume today31K

Average volume · 30D49K

Shares outstanding[…]

Options[…]

Fees & Costs

Net expense ratio0.22%

Gross expense ratio[…]

Management fee[…]

Cost on $10,000 a year$22.00

Our risk indicator2/5

Estimated yearly cost excludes trading costs and assumes constant assets.

Distributions

Ex-date	Paid	Per share
Nov 2, 2026	Nov 4, 2026	$0.41
Oct 1, 2026	Oct 5, 2026	$0.40
Sep 1, 2026	Sep 3, 2026	$0.39
Aug 3, 2026	Aug 5, 2026	$0.39
Jul 1, 2026	Jul 6, 2026	$0.38
Jun 1, 2026	Jun 3, 2026	$0.38
May 1, 2026	May 5, 2026	$0.36
Apr 1, 2026	Apr 6, 2026	$0.41
Mar 2, 2026	Mar 4, 2026	$0.33
Feb 2, 2026	Feb 4, 2026	$0.37
Dec 18, 2025	Dec 22, 2025	$0.36
Dec 1, 2025	Dec 3, 2025	$0.33

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