Vanguard High-Yield Active ETF

Vanguard High-Yield Active ETF

About

Vanguard High-Yield Active ETF (US9220316874) is a US-listed bond ETF tracking the Bloomberg US High Yield 2% Issuer Capped TR Index. With a expense ratio of 0.22%, it is moderately priced, paying distributions. The fund holds 510 positions across 16 regions with 268M in assets, with heavy concentration — 67% in United States, 63% in corporate bonds.

Score Breakdown

Scores are scaled 1–10 on a logarithmic curve relative to all ETFs in the database.
Component Score Details
Overall 6.7 Diversification (45%) · Cost (30%) · Liquidity (25%)
Cost (30%) 8.4 Tracking Difference: 9.9 · TD Consistency: — · Expense Ratio: 5.1
Diversification (45%) 5.5 Holding Count: 6.4 · Country Concentration: 6.3 · Sector Concentration: 3.1
Liquidity (25%) 6.7 Assets Under Management

Data sources: provider factsheets, exchange data, and NAV history. Information for educational purposes only — not investment advice.

Ticker VGHY
ISIN
Fund Size $268.4M
Issuer Vanguard
Distribution Pays Distributions
Replication
Inception Sep 2025
Base Currency USD
Index Bloomberg US High Yield 2% Issuer Capped TR Index
Asset Class Bonds
Category Us Bond

Costs

8.4
This fund has low total costs, with competitive tracking and expense ratios.

Cost Metrics Explained

What expense ratio, tracking difference, and TD consistency measure

Expense ratio (Total Expense Ratio) is the annual fee the fund charges, deducted from assets. It’s the headline cost, but not the full picture.

Tracking Difference measures how much the fund actually lags (or leads) its benchmark index per year. This is the single best measure of true cost — it captures the expense ratio plus all other drags like sampling error and tax withholding. A lower (or negative) value is better.

TD Consistency measures how stable the tracking difference is from year to year. A low value means predictable, reliable costs; a high value means costs can vary significantly.

Expense Ratio0.00%
 
Metric Value
Expense Ratio 0.22%

Cumulative Returns

Performance across different time periods.
1 Month+0.00%
3 Months+0.00%
Year to Date+0.00%
1 Year+0.00%
Inception+0.00%
 
Period Cumulative Return
1 Month +0.00%
3 Months +0.00%
6 Months -0.01%
1 Year -0.01%
3 Years
5 Years
10 Years
YTD -0.01%
Since Inception -0.01%

Holdings

6.4
This fund holds 510 individual investments, offering moderate diversification compared to other ETFs.
#1
2.37%
#2
1.77%
#3
United States Treasury Note/Bond
1.07%
#4
United States Treasury Note/Bond
1.07%
#5
United States Treasury Note/Bond
1.06%
#6
United States Treasury Note/Bond
1.05%
#7
CCO Holdings LLC / CCO Holdings Capital Corp
0.89%
#8
1261229 BC LTD
0.86%
#9
Cleveland-Cliffs Inc
0.81%
#10
TransDigm Inc
0.80%
View all holdings (50)
# Holding Ticker Weight
1 TUU6 237.00%
2 FVU6 177.00%
3 United States Treasury Note/Bond 107.00%
4 United States Treasury Note/Bond TNOTE 107.00%
5 United States Treasury Note/Bond TNOTE 106.00%
6 United States Treasury Note/Bond 105.00%
7 CCO Holdings LLC / CCO Holdings Capital Corp CHTR 89.00%
8 1261229 BC LTD 86.00%
9 Cleveland-Cliffs Inc 81.00%
10 TransDigm Inc 80.00%
11 United States Treasury Note/Bond 78.00%
12 ZF North America Capital Inc 78.00%
13 IQVIA INC 144A IQV 76.00%
14 Novelis Corp HNDLIN 73.00%
15 Opal Bidco SAS 63.00%
16 CCO Holdings LLC / CCO Holdings Capital Corp CHTR 58.00%
17 American Airlines Inc/AAdvantage Loyalty IP Ltd AAL 58.00%
18 United States Treasury Note/Bond 57.00%
19 Panther Escrow Issuer LLC 57.00%
20 Imola Merger Corp IM 56.00%
21 United States Treasury Note/Bond TNOTE 55.00%
22 Nissan Motor Acceptance Co LLC 55.00%
23 Block Inc 55.00%
24 Cloud Software Group Inc TIBX 54.00%
25 PR RNO PROPERTY OWNER 1 LLC 144A 53.00%
26 Midcontinent Communications 52.00%
27 Energizer Holdings Inc ENR 52.00%
28 Brandywine Operating Partnership LP 51.00%
29 Air Canada ACACN 50.00%
30 Olympus Water US Holding Corp 48.00%
31 UXYU6 48.00%
32 Directv Financing LLC 48.00%
33 OAK-Eagle Acquireco Inc 47.00%
34 CCO Holdings LLC / CCO Holdings Capital Corp CHTR 46.00%
35 SS&C Technologies Inc SSNC 46.00%
36 DISH Network Corp DISH 46.00%
37 Venture Global LNG Inc VENLNG 46.00%
38 Beach Acquisition Bidco LLC 46.00%
39 ALTICE FRANCE SA (FRANCE) 144A 45.00%
40 ASCENT RESOURCES UTICA HOLDINGS LL 144A 44.00%
41 American Airlines Inc AAL 44.00%
42 Hawaiian Electric Co Inc 43.00%
43 NextEra Energy Operating Partners LP 43.00%
44 Owens-Brockway Glass Container Inc OI 43.00%
45 Churchill Downs Inc CHDN 42.00%
46 Howden UK Refinance PLC / Howden UK Refinance 2 PLC / Howden US Refinance LLC 42.00%
47 Transocean International Ltd 42.00%
48 NCL CORP 6.25% Mar30 42.00%
49 Venture Global LNG Inc VENLNG 42.00%
50 Flutter Treasury DAC 41.00%

Sectors

3.1
This fund is concentrated in just a few of its 12 sectors, reducing diversification.
 
Sector Weight
Corporate Bonds 6269.00%
Unknown 2093.00%
Government Bonds 796.00%
Consumer Discretionary 347.00%
Materials 131.00%
Financials 124.00%
Health Care 123.00%
Consumer Staples 58.00%
Industrials 34.00%
Technology 17.00%
Energy 14.00%
Real Estate 14.00%

Regions

6.3
This fund invests across 17 countries, though its geographic allocation deviates somewhat from the global market.
 
Country Weight
United States 6725.00%
UNKNOWN 1960.00%
Canada 353.00%
MULT 184.00%
Cayman Islands 128.00%
Bermuda 123.00%
Ireland 103.00%
United Kingdom 98.00%
France 81.00%
Netherlands 53.00%
Panama 43.00%
Denmark 39.00%
British Virgin Islands 28.00%
Japan 27.00%
Jersey 22.00%
China 20.00%
Luxembourg 13.00%
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