GHYB vs. BSJP

Last updated Jun 3, 2026

GHYB (Goldman Sachs Access High Yield Corporate Bond ETF) and BSJP (Invesco BulletShares 2025 High Yield Corporate Bond ETF) are both High Yield Bonds funds - GHYB tracks the FTSE Goldman Sachs High Yield Corporate Bond Index while BSJP tracks the NASDAQ BulletShares USD High Yield Corporate Bond 2025 TR Index. Both are passively managed. A 0.78 correlation means they provide meaningful diversification when combined. GHYB charges 0.34%/yr vs 0.42%/yr for BSJP.

Performance

GHYB vs. BSJP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs Access High Yield Corporate Bond ETF (GHYB) and Invesco BulletShares 2025 High Yield Corporate Bond ETF (BSJP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

GHYB

• 1D: 0.15%
• 1M: 0.44%
• YTD: 1.52%
• 6M: 1.92%
• 1Y: 7.58%
• 3Y*: 8.68%
• 5Y*: 4.11%
• 10Y*: —

BSJP

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

GHYB vs. BSJP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GHYB Goldman Sachs Access High Yield Corporate Bond ETF	1.52%	9.38%	7.76%	12.13%	-11.02%	3.21%	6.38%	14.55%	-2.01%	0.37%
BSJP Invesco BulletShares 2025 High Yield Corporate Bond ETF	0.00%	4.46%	8.07%	10.41%	-5.16%	4.57%	4.16%	16.89%	-4.66%	0.35%

Correlation

The correlation between GHYB and BSJP is 0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.01
Correlation (3Y) Calculated over the trailing 3-year period	0.65
Correlation (5Y) Calculated over the trailing 5-year period	0.82
Correlation (All Time) Calculated using the full available price history since Sep 28, 2017	0.78

Over the past year, the correlation between GHYB and BSJP has dropped to 0.01 - well below their long-term average of 0.78, suggesting their price drivers have been diverging.

Return for Risk

GHYB vs. BSJP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GHYB

GHYB Risk / Return Rank: 66
GHYB Sharpe Ratio Rank: 65
GHYB Sortino Ratio Rank: 70
GHYB Omega Ratio Rank: 70
GHYB Calmar Ratio Rank: 56
GHYB Martin Ratio Rank: 69

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GHYB vs. BSJP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Access High Yield Corporate Bond ETF (GHYB) and Invesco BulletShares 2025 High Yield Corporate Bond ETF (BSJP). 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.

	GHYB	BSJP	Difference
Sharpe ratio Return per unit of total volatility	2.18	—	—
Sortino ratio Return per unit of downside risk	3.25	—	—
Omega ratio Gain probability vs. loss probability	1.43	—	—
Calmar ratio Return relative to maximum drawdown	2.81	—	—
Martin ratio Return relative to average drawdown	12.88	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	GHYB	BSJP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.18	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.54	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.55	—	—

Drawdowns

Drawdown Indicators

	GHYB	BSJP	Difference
Max Drawdown Largest peak-to-trough decline	-21.48%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-2.67%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-4.66%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-16.08%	—	—
Current Drawdown Current decline from peak	0.00%	—	—
Average Drawdown Average peak-to-trough decline	-2.57%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	0.58%	—	—

Volatility

Volatility by Period

	GHYB	BSJP	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.04%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.70%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.48%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.69%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.28%	—	—

GHYB vs. BSJP - Expense Ratio Comparison

GHYB has a 0.34% expense ratio, which is lower than BSJP's 0.42% expense ratio.

Dividends

GHYB vs. BSJP - Dividend Comparison

GHYB's dividend yield for the trailing twelve months is around 6.79%, more than BSJP's 2.26% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
BSJP Invesco BulletShares 2025 High Yield Corporate Bond ETF	2.26%	4.50%	6.25%	7.07%	5.37%	4.27%	4.96%	5.49%	5.84%	1.32%
GHYB Goldman Sachs Access High Yield Corporate Bond ETF	6.79%	7.00%	6.65%	6.20%	5.67%	4.46%	4.75%	5.57%	5.68%	1.45%

Frequently Asked Questions

Can I hold both GHYB and BSJP in my portfolio?

GHYB and BSJP have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GHYB or BSJP?

On fees, GHYB is cheaper at 0.34% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GHYB or BSJP?

GHYB is cheaper with a 0.34% expense ratio, compared with 0.42% for BSJP.

Which ETF pays a higher dividend yield, GHYB or BSJP?

GHYB has the higher dividend yield at 6.79%, compared with 2.26% for BSJP.

What is the main difference between GHYB and BSJP?

GHYB tracks FTSE Goldman Sachs High Yield Corporate Bond Index, while BSJP tracks NASDAQ BulletShares USD High Yield Corporate Bond 2025 TR Index. They also come from different issuers: Goldman Sachs and Invesco. Their fees differ too: 0.34% for GHYB and 0.42% for BSJP.