Core Viewpoint - The article defines "ultrahigh yield" as any yield that is at least four times the yield of the SPDR S&P 500 ETF, which currently stands at 1.21%, making the threshold for ultrahigh yield 4.84% [1][2]. Vanguard's Ultrahigh-Yield ETFs - Among Vanguard's 97 ETFs, only nine meet the ultrahigh yield threshold, all of which are bond funds and do not pay dividends [2][4]. - The nine Vanguard ETFs with 30-day SEC yields of 4.84% or higher are: - Vanguard Emerging Markets Government Bond ETF (VWOB): 6.24% - Vanguard Long-Term Corporate Bond ETF (VCLT): 5.86% - Vanguard Long-Term Bond ETF (BLV): 5.4% - Vanguard Multi-Sector Income Bond ETF (VGMS): 5.34% - Vanguard Extended Duration Treasury ETF (EDV): 5.25% - Vanguard Intermediate-Term Corporate Bond ETF (VCIT): 5.12% - Vanguard Total Corporate Bond ETF (VTC): 5.09% - Vanguard Long-Term Treasury ETF (VGLT): 4.95% - Vanguard ESG U.S. Corporate Bond ETF (VCEB): 4.93% [5]. Comparison of ETFs - All nine ultrahigh-yield funds have relatively low annual expense ratios, with the Vanguard Long-Term Corporate Bond ETF and Vanguard Long-Term Bond ETF having the lowest at 0.03% [6][7]. - The average annual returns since inception for these ETFs vary, with the Vanguard Long-Term Corporate Bond ETF delivering the highest return at 4.63% [8]. - Risk/reward ratings for the ETFs range from 2 to 5, with the Vanguard Intermediate-Term Corporate Bond ETF rated at 2 (higher risk) and the Vanguard Extended Duration Treasury ETF rated at 5 (lower risk) [8]. Best Picks - The choice of the best ETF depends on investor priorities; for safety, the Vanguard Extended Duration Treasury ETF is preferred, while for yield, the Vanguard Emerging Markets Government Bond ETF is favored [9]. - The Vanguard Long-Term Corporate Bond ETF is highlighted as the best overall option due to its high yield, low expense ratio, and strong total return since inception, while also being moderately risky [10][11].