GHYB vs. FSYD

Last updated Jun 24, 2026

GHYB (Goldman Sachs Access High Yield Corporate Bond ETF) and FSYD (Fidelity Sustainable High Yield ETF) are both High Yield Bonds funds. GHYB is passively managed, while FSYD is actively managed. Over the past 3 years, GHYB returned 8.96%/yr vs 9.71%/yr for FSYD. Their correlation of 0.93 suggests significant overlap in exposure. GHYB charges 0.34%/yr vs 0.55%/yr for FSYD.

Performance

GHYB vs. FSYD - 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 Fidelity Sustainable High Yield ETF (FSYD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GHYB achieves a 1.55% return, which is significantly lower than FSYD's 3.40% return.

GHYB

• 1D: -0.02%
• 1M: 0.58%
• YTD: 1.55%
• 6M: 1.70%
• 1Y: 6.43%
• 3Y*: 8.96%
• 5Y*: 3.95%
• 10Y*: —

FSYD

• 1D: -0.11%
• 1M: 0.47%
• YTD: 3.40%
• 6M: 3.65%
• 1Y: 9.25%
• 3Y*: 9.71%
• 5Y*: —
• 10Y*: —

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

GHYB vs. FSYD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
GHYB Goldman Sachs Access High Yield Corporate Bond ETF	1.55%	9.38%	7.76%	12.13%	-7.23%
FSYD Fidelity Sustainable High Yield ETF	3.40%	9.09%	8.74%	12.22%	-6.63%

Correlation

The correlation between GHYB and FSYD is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.88
Correlation (3Y) Calculated over the trailing 3-year period	0.90
Correlation (All Time) Calculated using the full available price history since Feb 17, 2022	0.93

The correlation between GHYB and FSYD has been stable across timeframes, ranging from 0.88 to 0.93 - a consistent structural relationship.

Return for Risk

GHYB vs. FSYD — Risk / Return Rank

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

GHYB

GHYB Risk / Return Rank: 60
GHYB Sharpe Ratio Rank: 58
GHYB Sortino Ratio Rank: 62
GHYB Omega Ratio Rank: 63
GHYB Calmar Ratio Rank: 52
GHYB Martin Ratio Rank: 64

FSYD

FSYD Risk / Return Rank: 77
FSYD Sharpe Ratio Rank: 75
FSYD Sortino Ratio Rank: 83
FSYD Omega Ratio Rank: 80
FSYD Calmar Ratio Rank: 72
FSYD Martin Ratio Rank: 77

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. FSYD - 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 Fidelity Sustainable High Yield ETF (FSYD). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	GHYB	FSYD	Difference
Sharpe ratio: Return per unit of total volatility	1.84	2.26	-0.42
Sortino ratio: Return per unit of downside risk	2.73	3.45	-0.72
Omega ratio: Gain probability vs. loss probability	1.35	1.45	-0.10
Calmar ratio: Return relative to maximum drawdown	2.41	3.47	-1.06
Martin ratio: Return relative to average drawdown	10.98	13.85	-2.86

GHYB vs. FSYD - Sharpe Ratio Comparison

The current GHYB Sharpe Ratio is 1.84, which is comparable to the FSYD Sharpe Ratio of 2.26. The chart below compares the historical Sharpe Ratios of GHYB and FSYD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GHYB vs. FSYD - Drawdown Comparison

The maximum GHYB drawdown since its inception was -21.48%, which is greater than FSYD's maximum drawdown of -12.11%. Use the drawdown chart below to compare losses from any high point for GHYB and FSYD.

Drawdown Indicators

	GHYB	FSYD	Difference
Max Drawdown Largest peak-to-trough decline	-21.48%	-12.11%	-9.37%
Max Drawdown (1Y) Largest decline over 1 year	-2.67%	-2.67%	0.00%
Max Drawdown (3Y) Largest decline over 3 years	-4.66%	-5.49%	+0.83%
Max Drawdown (5Y) Largest decline over 5 years	-16.08%	—	—
Current Drawdown Current decline from peak	-0.10%	-0.38%	+0.28%
Average Drawdown Average peak-to-trough decline	-2.55%	-2.38%	-0.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.59%	0.67%	-0.08%

Volatility

GHYB vs. FSYD - Volatility Comparison

The current volatility for Goldman Sachs Access High Yield Corporate Bond ETF (GHYB) is 0.93%, while Fidelity Sustainable High Yield ETF (FSYD) has a volatility of 0.98%. This indicates that GHYB experiences smaller price fluctuations and is considered to be less risky than FSYD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GHYB	FSYD	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.93%	0.98%	-0.05%
Volatility (6M) Calculated over the trailing 6-month period	2.77%	3.17%	-0.40%
Volatility (1Y) Calculated over the trailing 1-year period	3.52%	4.12%	-0.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.70%	7.81%	-0.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.26%	7.81%	+0.45%

GHYB vs. FSYD - Expense Ratio Comparison

GHYB has a 0.34% expense ratio, which is lower than FSYD's 0.55% expense ratio.

Dividends

GHYB vs. FSYD - Dividend Comparison

GHYB's dividend yield for the trailing twelve months is around 6.79%, more than FSYD's 6.32% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
FSYD Fidelity Sustainable High Yield ETF	6.32%	6.49%	6.47%	6.70%	5.29%	0.00%	0.00%	0.00%	0.00%	0.00%
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 FSYD in my portfolio?

GHYB and FSYD have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GHYB or FSYD?

FSYD has higher volatility (0.98%) compared to GHYB (0.93%). In terms of maximum drawdown, GHYB dropped -21.48% vs FSYD's -12.11%.

Which ETF is better, GHYB or FSYD?

On 3-year performance, FSYD leads with 9.71% vs 8.96% for GHYB. On fees, GHYB is cheaper at 0.34% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GHYB or FSYD?

Over the 3-year period, FSYD has performed better with a 9.71% return vs 8.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GHYB or FSYD?

GHYB is cheaper with a 0.34% expense ratio, compared with 0.55% for FSYD.

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

GHYB has the higher dividend yield at 6.79%, compared with 6.32% for FSYD.

What is the main difference between GHYB and FSYD?

They also come from different issuers: Goldman Sachs and Fidelity. Their fees differ too: 0.34% for GHYB and 0.55% for FSYD.

Which has better risk-adjusted returns?

FSYD currently has the higher Sharpe Ratio (2.26 vs 1.84), 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.