The Motley FoolT3·10mo ago
VGHY Vanguard High-Yield Active ETF
ETFETF quote, holdings, sector allocation, technicals, and options analytics. Fibonacci levels
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VGHY
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Key stats
About
Vanguard High-Yield Active ETF (VGHY) ETF
No description available.
- Exchange
- BATS
- Inception
- 2025-09-16
- Has Options
- No
- Homepage
- https://investor.vanguard.com/etf
Fund profile
holdings as of Oct 20, 2026issuer datathrough Jul 2026flows, SEC filings
- Expense ratio
- 0.22% issuer, Oct 22, 2026
- Assets
- $307M SEC filing, Jul 31, 2026
- Trailing yield
- 6.32% paid monthly
- Average daily volume
- $3.5M 30 sessions
- Holdings
- 606 top 10 are 8.3%
- Listed
- Sep 16, 2025 Cboe BZX
- Net asset value
- $71.70 issuer, Oct 21, 2026 · closed -0.04% to NAV
- 30-day SEC yield
- 7.25% issuer, Oct 19, 2026
Cost57
Liquidity52
Scale42
Diversification100
Moves with. Long Treasuries (27% of its variance, beta 0.26); US large-cap stocks (13% of its variance, beta 0.08); High yield over Treasuries (7% of its variance, beta 0.50); Gold (5% of its variance, beta 0.02). These factors explain 56% of its daily moves over the last year.
Stated objective. Vanguard High-Yield Active ETF (the Fund) seeks to provide a high level of current income. (from the fund's prospectus)
All 606 holdingsFlow historyOverlap toolAll Investment-Grade Corporate ETFs
Fund flows
through Jul 2026SEC filings- Jul 2026
- +$16M latest reported month
- Latest 3 months
- +$62M +20.3% of assets
- Latest 12 months
- +$311M +101.3% of assets
View as a table
| Month | Net flow |
|---|---|
| Jul 2026 | +$16M |
| Jun 2026 | +$25M |
| May 2026 | +$21M |
| Apr 2026 | +$21M |
| Mar 2026 | $0 |
| Feb 2026 | +$37M |
| Jan 2026 | +$45M |
| Dec 2025 | +$48M |
| Nov 2025 | +$18M |
| Oct 2025 | +$20M |
| Sep 2025 | +$60M |
| Aug 2025 | $0 |
Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 12 months ago
Similar funds
| Fund | Overlap | Fee | Assets | 1Y | |
|---|---|---|---|---|---|
| VCITVanguard Intermediate-Term Corporate Bond ETF | — | 0.03% | $67.0B | −6.9% | compare |
| LQDiShares iBoxx $ Investment Grade Corporate Bond ETF | — | 0.14% | $28.9B | −8.3% | compare |
| IGIBiShares Trust iShares 5-10 Year Investment Grade Corporate Bond ETF | — | 0.04% | $19.3B | −6.9% | compare |
| USIGiShares Broad USD Investment Grade Corporate Bond ETF | — | 0.04% | $17.8B | −6.6% | compare |
| SPIBState Street SPDR Portfolio Intermediate Term Corporate Bond ETF | — | 0.04% | $11.4B | −4.8% | compare |
The largest other funds in the Investment-Grade Corporate category.
Under the hood
fiscal year to Jan 31, 2026SEC census- Authorized participants
- 4 active of 34 with agreements; top 3 did 98%
- Created · redeemed
- $190M · $0 over the fiscal year
- Redemptions in kind
- 100% creations 82% in kind
- Creation unit
- 5,000 shares
- Securities lending
- not authorized
From the fund's annual census filing with the SEC. In-kind redemptions are what let an ETF shed appreciated securities without realising gains.
ETF Profile
holdings as of 2026-10-20
Holdings
606
AUM
$311.1M
Provider
Vanguard
Inception
2025-09-16
Exchange
BATS
Data As Of
2026-10-20
Expense Ratio
0.22%
Dividend Yield
6.32%
Distribution
Monthly
Recent distributions
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2026-10-01 | 2026-10-05 | $0.4039 | CD |
| 2026-09-01 | 2026-09-03 | $0.3932 | CD |
| 2026-08-03 | 2026-08-05 | $0.3862 | CD |
| 2026-07-01 | 2026-07-06 | $0.3779 | CD |
| 2026-06-01 | 2026-06-03 | $0.3772 | CD |
| 2026-05-01 | 2026-05-05 | $0.3649 | CD |
Asset Allocation
Top Holdings
top 50 of 606 holdings
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| — | United States Treasury Note/Bond | 1.07% | Treasury | US |
| — | United States Treasury Note/Bond | 0.96% | Treasury | US |
| — | TransDigm Inc | 0.92% | Corporate Bond | US |
| — | United States Treasury Note/Bond | 0.89% | Treasury | US |
| — | PR RNO Property Owner 1 LLC | 0.87% | Corporate Bond | US |
| — | Nissan Motor Acceptance Co LLC | 0.83% | Corporate Bond | US |
| — | 1261229 BC Ltd | 0.76% | Corporate Bond | CA |
| — | Cleveland-Cliffs Inc | 0.73% | Corporate Bond | US |
| — | United States Treasury Note/Bond | 0.65% | Treasury | US |
| — | Hawaiian Electric Co Inc | 0.62% | Corporate Bond | US |
| — | Transocean International Ltd | 0.62% | Corporate Bond | — |
| — | ZF North America Capital Inc | 0.58% | Corporate Bond | DE |
| — | Novelis Corp | 0.56% | Corporate Bond | US |
| — | Venture Global Plaquemines LNG LLC | 0.55% | Corporate Bond | US |
| — | Burford Capital Global Finance LLC | 0.54% | Corporate Bond | US |
| — | Opal Bidco SAS | 0.53% | Corporate Bond | FR |
| — | Harvest Midstream I LP | 0.53% | Corporate Bond | US |
| — | OAK-Eagle Acquireco Inc | 0.52% | Corporate Bond | US |
| — | Howden UK Refinance PLC / Howden UK Refinance 2 PLC / Howden US Refinance LLC | 0.51% | Corporate Bond | GB |
| — | Chemours Co/The | 0.51% | Corporate Bond | US |
| — | SS&C Technologies Inc | 0.51% | Corporate Bond | US |
| — | Cloud Software Group LLC | 0.51% | Corporate Bond | US |
| — | Ingram Micro Inc | 0.50% | Corporate Bond | US |
| — | Meridian Arc Holdco LLC | 0.50% | Corporate Bond | US |
| — | Block Inc | 0.49% | Corporate Bond | US |
| — | Cloud Software Group LLC | 0.49% | Corporate Bond | US |
| — | United States Treasury Note/Bond | 0.48% | Treasury | US |
| — | Ascent Resources Utica Holdings LLC / ARU Finance Corp | 0.47% | Corporate Bond | US |
| — | Bond US Bidco 1 Inc/Bidco 2/Bidco 3/German Bidco 1 GmbH/German Bidco 2 | 0.47% | Corporate Bond | US |
| — | CCO Holdings LLC / CCO Holdings Capital Corp | 0.47% | Corporate Bond | US |
| — | NCL Corp Ltd | 0.46% | Corporate Bond | US |
| — | Altice France SA | 0.46% | Corporate Bond | FR |
| — | CRC Insurance Group LLC | 0.46% | Corporate Bond | US |
| — | Performance Food Group Inc | 0.46% | Corporate Bond | US |
| — | US Dollar | 0.45% | Cash/Money Market | — |
| — | Univision Communications Inc | 0.45% | Corporate Bond | US |
| — | Midcontinent Communications | 0.45% | Corporate Bond | US |
| — | ARC Falcon I Inc / Arclin USA LLC / New Arclin US Holding Corp | 0.45% | Corporate Bond | — |
| — | Tenet Healthcare Corp | 0.44% | Corporate Bond | US |
| — | American Airlines Inc/AAdvantage Loyalty IP Ltd | 0.44% | Corporate Bond | US |
| — | Nexstar Media Inc | 0.43% | Corporate Bond | US |
| — | AAdvantage Loyalty IP Ltd | 0.43% | Loan | — |
| — | Seadrill Finance Ltd | 0.43% | Corporate Bond | BM |
| — | Belron Finance 2019 LLC | 0.42% | Loan | — |
| — | CCO Holdings LLC / CCO Holdings Capital Corp | 0.42% | Corporate Bond | US |
| — | Talen Energy Supply LLC | 0.42% | Corporate Bond | US |
| — | Miter Brands Acquisition Holdco Inc / MIWD Borrower LLC | 0.41% | Corporate Bond | US |
| — | QXO Building Products Inc | 0.41% | Corporate Bond | US |
| — | Lamb Weston Holdings Inc | 0.41% | Corporate Bond | US |
| — | United States Treasury Note/Bond | 0.40% | Treasury | US |
Non-Equity Breakdown
VANGUARD HIGH-YIELD ACTIVE ETF ·
NPORT-P period 2026-07-31
(filed 2026-09-28)
Net assets:
$307M
· 598 total positions
· equity 0.00%
· non-equity 99.59%
Non-equity holdings
— 598 positions,
99.59% of NAV
| Category | Weight | Value | Positions |
|---|---|---|---|
| Corporate | 86.38% | $264.9M | 509 |
| US Treasury | 5.93% | $18.2M | 16 |
| Corporate | 5.77% | $17.7M | 50 |
| Short-term investment | 1.12% | $3.4M | 1 |
| Derivative (credit) | 0.40% | $1.2M | 1 |
| Derivative (FX) | 0.01% | $19889 | 12 |
| Derivative (interest rate) | -0.01% | $-34930 | 9 |
Chart
Seasonality
| Month | '25 | '26 | Avg |
|---|---|---|---|
| Jan | -- | 0.41% | 0.41% |
| Feb | -- | 0.48% | 0.48% |
| Mar | -- | -1.09% | -1.09% |
| Apr | -- | 1.29% | 1.29% |
| May | -- | 0.24% | 0.24% |
| Jun | -- | 0.29% | 0.29% |
| Jul | -- | -0.22% | -0.22% |
| Aug | -- | 0.79% | 0.79% |
| Sep | 0.14% | -2.65% | -1.25% |
| Oct | -0.10% | -0.15%* | -0.12% |
| Nov | 1.07% | -- | 1.07% |
| Dec | 0.39% | -- | 0.39% |
| Total | 1.50% | -0.66% | 0.42% |
* Only 2 year(s) of data available.
Technical Indicators
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
Trend Indicators
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
Volume & Volatility
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
SMA 20: $72.10
SMA 50: $73.33
SMA 200: $74.51
Current: $71.67
EMA 12: $71.98
EMA 26: $72.41
MACD: -0.4359 | Signal: 0.0162
BEARISH
ADX (14): 38.38
TREND
+DI: 18.94
−DI: 38.55
Momentum Oscillators
RSI (14): 29.02
OVERSOLD
Stoch %K: 19.98
Stoch %D: 29.48
Williams %R: -80.89
Volume & Volatility
BB Upper: $72.72
BB Lower: $71.49
NEUTRAL
OBV: -1,133,908
Vol SMA 20: 48,257
Vol ROC: 79.09%
ATR: $0.28
True Range: $0.22
HV 20: 4.2%
HV 30: 4.2%
HV 60: 3.8%
Data Summary
Data Points: 276
Last Updated:
Date Range: 2025-09-17T00:00:00 – 2026-10-21T00:00:00
AI Analysis
LLM Stock Analysis Report: VGHY
Executive Summary:
Overall Assessment: NEUTRAL (Confidence Level: 6/10)
Key Drivers:
- Range-bound trading with a slight bearish tilt
- Low volatility, indicating reduced risk
- Technical signals suggest neutral momentum
Primary Risks:
- Potential upside limited by lack of strong catalysts or earnings drivers
- Downside protection exists due to support from moving averages and Bollinger Bands
Investment Thesis: VGHY is a low-volatility stock trading within a range. While there are no significant bullish or bearish catalysts, the stock's technical indicators suggest a neutral momentum. This makes it a stable option for investors seeking reduced risk.
Recent News Sentiment Impact: The recent positive news headline about top Vanguard bond ETF picks has had a neutral impact on our analysis, as this information does not directly affect VGHY's fundamental or technical aspects.
Technical Analysis:
Trend Direction:
- Short-term (1-4 weeks): Range-bound
- Medium-term (1-3 months): Slightly bearish
- Long-term (3-12 months): Neutral
Support/Resistance Levels:
- SMA 20: $74.52 (support)
- SMA 50: $74.49 (support)
- Upper Bollinger Band: $74.96 (resistance)
Momentum Signals:
- RSI: 37.79 (neutral)
- MACD: Bearish
- Bollinger Bands: Neutral
Volume Analysis:
- Volume SMA 20: 32419.55 (stable volume)
- On-Balance Volume (OBV): -602002.96 ( bearish signal)
News & Sentiment Analysis:
Recent Headlines Summary: Positive news about Vanguard bond ETF picks has had a neutral impact.
Sentiment Assessment: Neutral
Catalyst Identification: No significant catalysts are currently driving the stock's price.
Market Narrative: The market narrative remains stable, with no strong directional bias.
Risk & Volatility Assessment:
Beta Interpretation: Low risk relative to market (beta: 0.18)
Volatility Regime: Current volatility is low compared to historical levels.
Options Market Signals: No options data available.
Downside Protection: Support from moving averages and Bollinger Bands exists.
Market Context & Positioning:
Sector Performance: Neutral within the sector.
Institutional Activity: Stable volume indicates institutional interest.
Correlation Analysis: VGHY's correlation with the market is relatively low (R-squared: 0.55).
Relative Valuation: The stock trades near its mean, indicating a neutral position.
Key Levels & Action Items:
- Critical Price Levels:
- SMA 20: $74.52 (support)
- Upper Bollinger Band: $74.96 (resistance)
- Breakout/Breakdown Levels:
- SMA 50: $74.49 (support)
- Lower Bollinger Band: $74.07 (support)
- Time-Sensitive Catalysts: None
- Risk Management: Stop-loss levels and position sizing considerations are essential.
This analysis provides a comprehensive overview of VGHY's technical, fundamental, and market-related aspects. It highlights the stock's stable trading range, low volatility, and neutral momentum, making it suitable for investors seeking reduced risk.
Generated
News
All VGHY news →
VGHY Options Activity & IV Rank
Loading options activity...
Spread Scanner GPU
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score (GPU scanner)
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Stage 2 — Skew Adjustment (±25% cap)
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Wing vs ATM
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
—
—
pts
EXTREME
ATM — / Wing —
30 DTE / 10d
—
—
pts
EXTREME
ATM — / Wing —
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Volatility Surface
Enter a ticker to render the implied volatility surface.
Volatility Smile
Enter a ticker to render the implied volatility smile.
IV Rank (7 DTE)
IV Rank (30 DTE)
Straddle Price (30 DTE)
Beta Analysis
Risk Metrics
Beta: 0.1795
Alpha: -7.54%
Correlation: 0.5275
R-Squared: 27.8%
Stock Volatility: 4.3%
Market Volatility: 12.7%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
Low volatility - stock moves less than market
Low volatility - stock moves less than market
Beta & Alpha Over Time
VGHY Institutional Ownership (13F)
Latest filings — 2026-09-30Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
| # | Filer | Notional Value | % of Total | Period |
|---|
| # | Filer | Notional Value | % of Total | Period |
|---|
Constituent Performance
Click any bar to view the full quote for that stock.
Constituents
| Symbol | Name | Weight % | Price | 1 Day | 1 Week | 1 Month |
|---|