GHYB vs. BSJP
Compare and contrast key facts about Goldman Sachs Access High Yield Corporate Bond ETF (GHYB) and Invesco BulletShares 2025 High Yield Corporate Bond ETF (BSJP).
GHYB and BSJP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GHYB is a passively managed fund by Goldman Sachs that tracks the performance of the FTSE Goldman Sachs High Yield Corporate Bond Index. It was launched on Sep 5, 2017. BSJP is a passively managed fund by Invesco that tracks the performance of the NASDAQ BulletShares USD High Yield Corporate Bond 2025 TR Index. It was launched on Sep 27, 2017. Both GHYB and BSJP are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GHYB or BSJP.
Key characteristics
| GHYB | BSJP | |
|---|---|---|
| YTD Return | 7.93% | 7.47% |
| 1Y Return | 12.74% | 9.41% |
| 3Y Return (Ann) | 2.75% | 4.30% |
| 5Y Return (Ann) | 3.82% | 4.61% |
| Sharpe Ratio | 2.70 | 4.90 |
| Sortino Ratio | 4.07 | 9.58 |
| Omega Ratio | 1.54 | 2.25 |
| Calmar Ratio | 2.78 | 22.80 |
| Martin Ratio | 17.97 | 89.83 |
| Ulcer Index | 0.78% | 0.11% |
| Daily Std Dev | 5.19% | 2.03% |
| Max Drawdown | -21.48% | -23.58% |
| Current Drawdown | -0.49% | -0.13% |
Correlation
The correlation between GHYB and BSJP is 0.83, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
GHYB vs. BSJP - Performance Comparison
In the year-to-date period, GHYB achieves a 7.93% return, which is significantly higher than BSJP's 7.47% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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GHYB vs. BSJP - Expense Ratio Comparison
GHYB has a 0.34% expense ratio, which is lower than BSJP's 0.42% expense ratio.
Risk-Adjusted Performance
GHYB vs. BSJP - Risk-Adjusted Performance 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.
Dividends
GHYB vs. BSJP - Dividend Comparison
GHYB's dividend yield for the trailing twelve months is around 6.43%, less than BSJP's 6.81% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
GHYB Goldman Sachs Access High Yield Corporate Bond ETF | 6.43% | 6.19% | 5.67% | 4.45% | 4.75% | 5.57% | 5.68% | 1.45% |
BSJP Invesco BulletShares 2025 High Yield Corporate Bond ETF | 6.81% | 7.07% | 5.37% | 4.26% | 4.95% | 5.50% | 5.84% | 1.32% |
Drawdowns
GHYB vs. BSJP - Drawdown Comparison
The maximum GHYB drawdown since its inception was -21.48%, smaller than the maximum BSJP drawdown of -23.58%. Use the drawdown chart below to compare losses from any high point for GHYB and BSJP. For additional features, visit the drawdowns tool.
Volatility
GHYB vs. BSJP - Volatility Comparison
Goldman Sachs Access High Yield Corporate Bond ETF (GHYB) has a higher volatility of 1.18% compared to Invesco BulletShares 2025 High Yield Corporate Bond ETF (BSJP) at 0.54%. This indicates that GHYB's price experiences larger fluctuations and is considered to be riskier than BSJP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.