GHYB vs. BSJR
GHYB (Goldman Sachs Access High Yield Corporate Bond ETF) and BSJR (Invesco BulletShares 2027 High Yield Corporate Bond ETF) are both High Yield Bonds funds - GHYB tracks the FTSE Goldman Sachs High Yield Corporate Bond Index while BSJR tracks the NASDAQ BulletShares USD High Yield Corporate Bond 2027 Index. Both are passively managed. Over the past 5 years, GHYB returned 4.02%/yr vs 3.40%/yr for BSJR. Their correlation of 0.88 suggests significant overlap in exposure. GHYB charges 0.34%/yr vs 0.42%/yr for BSJR.
Performance
GHYB vs. BSJR - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both stocks are quite close, with GHYB having a 1.32% return and BSJR slightly lower at 1.27%.
GHYB
- 1D
- 0.16%
- 1M
- 0.37%
- YTD
- 1.32%
- 6M
- 1.69%
- 1Y
- 6.90%
- 3Y*
- 8.66%
- 5Y*
- 4.02%
- 10Y*
- —
BSJR
- 1D
- 0.15%
- 1M
- 0.25%
- YTD
- 1.27%
- 6M
- 1.81%
- 1Y
- 4.78%
- 3Y*
- 7.93%
- 5Y*
- 3.40%
- 10Y*
- —
GHYB vs. BSJR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
GHYB Goldman Sachs Access High Yield Corporate Bond ETF | 1.32% | 9.38% | 7.76% | 12.13% | -11.02% | 3.21% | 6.38% | 2.55% |
BSJR Invesco BulletShares 2027 High Yield Corporate Bond ETF | 1.27% | 7.41% | 7.15% | 11.91% | -11.35% | 3.60% | 5.69% | 3.00% |
Correlation
The correlation between GHYB and BSJR is 0.80, 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 | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Sep 13, 2019 | 0.88 |
The correlation between GHYB and BSJR shifts across timeframes, from 0.80 (1 year) to 0.91 (5 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
GHYB vs. BSJR — Risk / Return Rank
GHYB
BSJR
GHYB vs. BSJR - 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 2027 High Yield Corporate Bond ETF (BSJR). 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 | BSJR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.29 | ||
| Sortino ratioReturn per unit of downside risk | -0.58 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.45 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.59 | 4.13 | -1.54 |
| Martin ratioReturn relative to average drawdown | 11.85 | 19.06 | -7.21 |
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
| GHYB | BSJR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.98 | 2.27 | -0.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | 0.51 | +0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.43 | +0.12 |
Drawdowns
GHYB vs. BSJR - Drawdown Comparison
The maximum GHYB drawdown since its inception was -21.48%, roughly equal to the maximum BSJR drawdown of -22.58%. Use the drawdown chart below to compare losses from any high point for GHYB and BSJR.
Loading charts...
Drawdown Indicators
| GHYB | BSJR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.48% | -22.58% | +1.10% |
Max Drawdown (1Y)Largest decline over 1 year | -2.67% | -1.16% | -1.51% |
Max Drawdown (3Y)Largest decline over 3 years | -4.66% | -3.15% | -1.51% |
Max Drawdown (5Y)Largest decline over 5 years | -16.08% | -16.37% | +0.29% |
Current DrawdownCurrent decline from peak | -0.20% | -0.11% | -0.09% |
Average DrawdownAverage peak-to-trough decline | -2.57% | -3.25% | +0.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.58% | 0.25% | +0.33% |
Volatility
GHYB vs. BSJR - Volatility Comparison
Goldman Sachs Access High Yield Corporate Bond ETF (GHYB) has a higher volatility of 1.08% compared to Invesco BulletShares 2027 High Yield Corporate Bond ETF (BSJR) at 0.59%. This indicates that GHYB's price experiences larger fluctuations and is considered to be riskier than BSJR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| GHYB | BSJR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.08% | 0.59% | +0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 2.72% | 1.45% | +1.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.50% | 2.12% | +1.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.69% | 6.73% | +0.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.28% | 9.36% | -1.08% |
GHYB vs. BSJR - Expense Ratio Comparison
GHYB has a 0.34% expense ratio, which is lower than BSJR's 0.42% expense ratio.
Dividends
GHYB vs. BSJR - Dividend Comparison
GHYB's dividend yield for the trailing twelve months is around 6.80%, more than BSJR's 5.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
BSJR Invesco BulletShares 2027 High Yield Corporate Bond ETF | 5.74% | 6.19% | 6.75% | 6.48% | 5.37% | 4.49% | 4.53% | 1.20% | 0.00% | 0.00% |
GHYB Goldman Sachs Access High Yield Corporate Bond ETF | 6.80% | 7.00% | 6.65% | 6.20% | 5.67% | 4.46% | 4.75% | 5.57% | 5.68% | 1.45% |
Frequently Asked Questions
GHYB and BSJR have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GHYB has higher volatility (1.08%) compared to BSJR (0.59%). In terms of maximum drawdown, GHYB dropped -21.48% vs BSJR's -22.58%.
On 5-year performance, GHYB leads with 4.02% vs 3.40% for BSJR. On fees, GHYB is cheaper at 0.34% per year. On volatility, BSJR has been the lower-risk option at 0.59%. 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 4.02% return vs 3.40%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GHYB is cheaper with a 0.34% expense ratio, compared with 0.42% for BSJR.
GHYB has the higher dividend yield at 6.80%, compared with 5.74% for BSJR.
GHYB tracks FTSE Goldman Sachs High Yield Corporate Bond Index, while BSJR tracks NASDAQ BulletShares USD High Yield Corporate Bond 2027 Index. They also come from different issuers: Goldman Sachs and Invesco. Their fees differ too: 0.34% for GHYB and 0.42% for BSJR.
BSJR currently has the higher Sharpe Ratio (2.27 vs 1.98), 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 GHYB and BSJR
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