Vanguard High-Yield Active ETF (VGHY) — Stock Correlations & Overview
Over the past year, VGHY has moved most closely with JNK, SPHY, SJNK. Explore the stocks most correlated and inversely correlated with VGHY below, along with its price, financials, and company profile.
Stocks correlated with VGHY
Correlation of daily returns. Higher positive values move with VGHY; negative values move opposite it. Informational only, not investment advice.
Most correlated with VGHY
| Symbol | Company | Correlation |
|---|---|---|
| JNK | State Street SPDR Bloomberg High Yield Bond ETF | 0.83 |
| SPHY | State Street SPDR Portfolio High Yield Bond ETF | 0.82 |
| SJNK | State Street SPDR Bloomberg Short Term High Yield Bond ETF | 0.82 |
| BBHY | JPMorgan BetaBuilders USD High Yield Corporate Bond ETF | 0.81 |
| HYG | iShares iBoxx $ High Yield Corporate Bond ETF | 0.81 |
Frequently asked questions about VGHY correlations
- Which stocks are most correlated with VGHY?
- Based on one year of daily returns, the stocks most correlated with Vanguard High-Yield Active ETF (VGHY) are JNK (0.83), SPHY (0.82) and SJNK (0.82). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with VGHY?
- Over the past year, the stocks most inversely correlated with Vanguard High-Yield Active ETF (VGHY) are SJB (-0.66), EFZ (-0.60) and EPV (-0.59). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these VGHY correlations calculated?
- We compute the correlation of daily returns between VGHY and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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