GCOR vs. GHYB
GCOR (Goldman Sachs Access U.S. Aggregate Bond ETF) and GHYB (Goldman Sachs Access High Yield Corporate Bond ETF) are both exchange-traded funds - GCOR is a Intermediate Core Bond fund tracking the FTSE Goldman Sachs US Broad Bond Market Index, while GHYB is a High Yield Bonds fund tracking the FTSE Goldman Sachs High Yield Corporate Bond Index. Both are passively managed. Over the past 5 years, GCOR returned -0.24%/yr vs 3.99%/yr for GHYB. At a 0.46 correlation, their price movements are largely independent. GCOR charges 0.08%/yr vs 0.34%/yr for GHYB.
Performance
GCOR vs. GHYB - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, GCOR achieves a 0.16% return, which is significantly lower than GHYB's 1.16% return.
GCOR
- 1D
- -0.23%
- 1M
- 0.17%
- YTD
- 0.16%
- 6M
- 0.01%
- 1Y
- 4.97%
- 3Y*
- 3.71%
- 5Y*
- -0.24%
- 10Y*
- —
GHYB
- 1D
- -0.36%
- 1M
- 0.33%
- YTD
- 1.16%
- 6M
- 1.43%
- 1Y
- 6.91%
- 3Y*
- 8.55%
- 5Y*
- 3.99%
- 10Y*
- —
GCOR vs. GHYB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
GCOR Goldman Sachs Access U.S. Aggregate Bond ETF | 0.16% | 7.22% | 0.51% | 5.79% | -13.83% | -1.88% | 0.39% |
GHYB Goldman Sachs Access High Yield Corporate Bond ETF | 1.16% | 9.38% | 7.76% | 12.13% | -11.02% | 3.21% | 5.02% |
Correlation
The correlation between GCOR and GHYB is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Sep 11, 2020 | 0.46 |
The correlation between GCOR and GHYB shifts across timeframes, from 0.46 (all time) to 0.58 (3 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
GCOR vs. GHYB — Risk / Return Rank
GCOR
GHYB
GCOR vs. GHYB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Access U.S. Aggregate Bond ETF (GCOR) and Goldman Sachs Access High Yield Corporate Bond ETF (GHYB). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| GCOR | GHYB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.62 | ||
| Sortino ratioReturn per unit of downside risk | -0.92 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.38 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.77 | 2.59 | -0.82 |
| Martin ratioReturn relative to average drawdown | 5.42 | 11.87 | -6.45 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| GCOR | GHYB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.37 | 1.98 | -0.62 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.04 | 0.52 | -0.56 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.10 | 0.55 | -0.65 |
Drawdowns
GCOR vs. GHYB - Drawdown Comparison
The maximum GCOR drawdown since its inception was -18.94%, smaller than the maximum GHYB drawdown of -21.48%. Use the drawdown chart below to compare losses from any high point for GCOR and GHYB.
Loading charts...
Drawdown Indicators
| GCOR | GHYB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.94% | -21.48% | +2.54% |
Max Drawdown (1Y)Largest decline over 1 year | -2.82% | -2.67% | -0.15% |
Max Drawdown (3Y)Largest decline over 3 years | -6.09% | -4.66% | -1.43% |
Max Drawdown (5Y)Largest decline over 5 years | -18.63% | -16.08% | -2.55% |
Current DrawdownCurrent decline from peak | -3.52% | -0.36% | -3.16% |
Average DrawdownAverage peak-to-trough decline | -7.99% | -2.57% | -5.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.92% | 0.58% | +0.34% |
Volatility
GCOR vs. GHYB - Volatility Comparison
Goldman Sachs Access U.S. Aggregate Bond ETF (GCOR) has a higher volatility of 1.27% compared to Goldman Sachs Access High Yield Corporate Bond ETF (GHYB) at 1.08%. This indicates that GCOR's price experiences larger fluctuations and is considered to be riskier than GHYB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| GCOR | GHYB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.27% | 1.08% | +0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 2.65% | 2.72% | -0.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.65% | 3.51% | +0.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.81% | 7.69% | -1.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.52% | 8.28% | -2.76% |
GCOR vs. GHYB - Expense Ratio Comparison
GCOR has a 0.08% expense ratio, which is lower than GHYB's 0.34% expense ratio.
Dividends
GCOR vs. GHYB - Dividend Comparison
GCOR's dividend yield for the trailing twelve months is around 4.17%, less than GHYB's 6.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
GCOR Goldman Sachs Access U.S. Aggregate Bond ETF | 4.17% | 4.03% | 4.36% | 3.67% | 2.11% | 0.92% | 0.24% | 0.00% | 0.00% | 0.00% |
GHYB Goldman Sachs Access High Yield Corporate Bond ETF | 6.81% | 7.00% | 6.65% | 6.20% | 5.67% | 4.46% | 4.75% | 5.57% | 5.68% | 1.45% |
Frequently Asked Questions
GCOR and GHYB have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GCOR has higher volatility (1.27%) compared to GHYB (1.08%). In terms of maximum drawdown, GCOR dropped -18.94% vs GHYB's -21.48%.
On 5-year performance, GHYB leads with 3.99% vs -0.24% for GCOR. On fees, GCOR is cheaper at 0.08% per year. On volatility, GHYB has been the lower-risk option at 1.08%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, GHYB has performed better with a 3.99% return vs -0.24%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GCOR is cheaper with a 0.08% expense ratio, compared with 0.34% for GHYB.
GHYB has the higher dividend yield at 6.81%, compared with 4.17% for GCOR.
GCOR is categorized as Intermediate Core Bond, while GHYB is High Yield Bonds. GCOR tracks FTSE Goldman Sachs US Broad Bond Market Index, while GHYB tracks FTSE Goldman Sachs High Yield Corporate Bond Index. Their fees differ too: 0.08% for GCOR and 0.34% for GHYB.
GHYB currently has the higher Sharpe Ratio (1.98 vs 1.37), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for GCOR and GHYB
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer