Data as of Oct 28, 2026.
HYG vs VGIT: Differences, Returns & Fees
HYG's duration was 2.9 years on Aug 31, 2026 and VGIT's 4.7 on May 31, 2026; VGIT charges 0.03% to HYG's 0.49%.
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Net assets: $17.5bn on Oct 27, 2026 for iShares iBoxx $ High Yield Corporate Bond ETF, and $39.7bn on Sep 30, 2026 for Vanguard Intermediate-Term Treasury ETF.
Pair scorecard
VGIT costs 0.46 points a year less; their one-year returns differ by 2.8 points; VGIT is 2.4 times larger.
| Measure | HYG | VGIT |
|---|---|---|
| Return | ||
| Total return, 1 year | +1.3% | −1.5% |
| Drawdown | ||
| Below its high | 3.5%, high on Aug 4, 2020 | |
| Benchmark | ||
| What it tracks | Markit iBoxx USD Liquid High Yield Index | Bloomberg U.S. Treasury 3-10 Year Index |
| Cost and size | ||
| Expense ratio | 0.49% | 0.03% |
| Net assets, as of Sep 30, 2026 | $16.8bn | $39.7bn |
| Holdings | ||
| Holdings in common | 0% | |
Holdings in common uses holdings dated May 31, 2026 and Aug 31, 2026. Method
Risk and return
Dec 4, 2009 to Oct 23, 2026 · 881 weekly returnsEach against its own benchmark: HYG against IUSB, Jun 20, 2014 to Oct 23, 2026; VGIT against SCHR, Aug 13, 2010 to Oct 23, 2026.
HYG returned more: +137.2% to +41.4%. VGIT swung less: 4.2% to 9.0%. VGIT fell less at its worst: −15.6% to −20.7%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | HYG | VGIT | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +137.2% | +41.4% | HYG | Price change plus distributions, reinvested. |
| Annualized | +5.2% | +2.1% | HYG | Total return as a yearly rate. |
| Price return | −10.7% | −4.2% | VGIT | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 9.0% | 4.2% | VGIT | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 6.1% | 2.9% | VGIT | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −20.7% | −15.6% | VGIT | Deepest fall from a high to the low after it. |
| Upside capture | 62.1% | 98.1% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 48.4% | 98.6% | Share of its benchmark's fall taken in the weeks it fell. Lower is better. | |
| Beta | 1.00 | 0.98 | Not an edge | How far it moves for each 1% its benchmark moves. |
| R squared | 0.31 | 0.99 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | ||||
| Sharpe | 0.44 | 0.15 | HYG | Return above Treasury bills per unit of volatility. |
| Sortino | 0.65 | 0.21 | HYG | Return above Treasury bills per unit of downside deviation. |
| Treynor | 0.019 | 0.002 | Return above Treasury bills per unit of beta. | |
| Calmar | 0.25 | 0.13 | HYG | Annualized return divided by the max drawdown. |
| Against the benchmark | ||||
| Benchmark | IUSB | SCHR | The ETF each fund is measured against. | |
| Alpha | +1.9% a year | 0.0% a year | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 0.87 | −0.10 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | −2.4% to +6.1% | −0.2% to +0.2% | Includes zero | The 95% range for the yearly alpha. |
| Information ratio | 0.25 | −0.03 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 7.6% | 0.5% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 881 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, HYG and VGIT hold 0% of their money in the same securities at the same weight. Holdings dated May 31, 2026 and Aug 31, 2026.
half
0% in common
Only in one fund ↓
Side by side
HYG and VGIT on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
HYG and VGIT do different jobs. What does each one do in a portfolio?
- What each follows. HYG follows Markit iBoxx USD Liquid High Yield Index and VGIT follows Bloomberg U.S. Treasury 3-10 Year Index.
- Holdings in common. 0% of the weight is in the same securities (holdings dated Aug 31, 2026 and May 31, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 HYG returned +1.3% and VGIT −1.5% with distributions reinvested, a gap of 2.8 points.
Data as of Oct 28, 2026.
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HYG
HYG tracks an index of US high yield bonds. Over the year to Oct 28, 2026 it returned +1.3% with distributions reinvested, against −1.2% for its benchmark, the Bloomberg U.S. Universal Index. The prospectus expense ratio is 0.49% a year.
VGIT
VGIT tracks an index of Intermediate-Term Treasury. Over the year to Oct 28, 2026 it returned −1.5% with distributions reinvested, against −1.5% for its benchmark, the Bloomberg U.S. Treasury 3-10 Year Index. The prospectus expense ratio is 0.03% a year. It sat 3.5% below its high of Aug 4, 2020 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, HYG or VGIT?
- In the year to Oct 28, 2026, with distributions reinvested, HYG returned +1.3% and VGIT −1.5%.
- Which is cheaper, HYG or VGIT?
- VGIT is cheaper, by 0.46 percentage points a year. That is about $46 on $10,000 held for a year. Fees come from each fund's prospectus.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, HYG against VGIT, data as of Oct 28, 2026. https://etfiq.com/compare/any/hyg-vs-vgit
ETFIQ. (Oct 28, 2026). HYG against VGIT. Retrieved from https://etfiq.com/compare/any/hyg-vs-vgit
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