GHYB vs. GDOC
GHYB (Goldman Sachs Access High Yield Corporate Bond ETF) and GDOC (Goldman Sachs Future Health Care Equity ETF) are both exchange-traded funds - GHYB is a High Yield Bonds fund tracking the FTSE Goldman Sachs High Yield Corporate Bond Index, while GDOC is a Health & Biotech Equities fund actively managed by Goldman Sachs. GHYB is passively managed, while GDOC is actively managed. Over the past 3 years, GHYB returned 8.66%/yr vs 0.84%/yr for GDOC. A 0.59 correlation means they provide meaningful diversification when combined. GHYB charges 0.34%/yr vs 0.75%/yr for GDOC.
Performance
GHYB vs. GDOC - Performance Comparison
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Returns By Period
In the year-to-date period, GHYB achieves a 1.32% return, which is significantly higher than GDOC's -5.53% return.
GHYB
- 1D
- 0.16%
- 1M
- 0.37%
- YTD
- 1.32%
- 6M
- 1.69%
- 1Y
- 6.90%
- 3Y*
- 8.66%
- 5Y*
- 4.02%
- 10Y*
- —
GDOC
- 1D
- 2.42%
- 1M
- 3.85%
- YTD
- -5.53%
- 6M
- -7.50%
- 1Y
- 7.15%
- 3Y*
- 0.84%
- 5Y*
- —
- 10Y*
- —
GHYB vs. GDOC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
GHYB Goldman Sachs Access High Yield Corporate Bond ETF | 1.32% | 9.38% | 7.76% | 12.13% | -11.02% | 0.69% |
GDOC Goldman Sachs Future Health Care Equity ETF | -5.53% | 10.74% | -1.66% | 4.60% | -17.12% | -2.77% |
Correlation
The correlation between GHYB and GDOC is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Nov 12, 2021 | 0.59 |
The correlation between GHYB and GDOC shifts across timeframes, from 0.47 (1 year) to 0.59 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
GHYB vs. GDOC — Risk / Return Rank
GHYB
GDOC
GHYB vs. GDOC - 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 Goldman Sachs Future Health Care Equity ETF (GDOC). 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 | GDOC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.53 | ||
| Sortino ratioReturn per unit of downside risk | +2.15 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.09 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 2.59 | 0.46 | +2.13 |
| Martin ratioReturn relative to average drawdown | 11.85 | 1.05 | +10.80 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GHYB | GDOC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.98 | 0.45 | +1.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | -0.16 | +0.71 |
Drawdowns
GHYB vs. GDOC - Drawdown Comparison
The maximum GHYB drawdown since its inception was -21.48%, smaller than the maximum GDOC drawdown of -31.01%. Use the drawdown chart below to compare losses from any high point for GHYB and GDOC.
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Drawdown Indicators
| GHYB | GDOC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.48% | -31.01% | +9.53% |
Max Drawdown (1Y)Largest decline over 1 year | -2.67% | -15.67% | +13.00% |
Max Drawdown (3Y)Largest decline over 3 years | -4.66% | -22.51% | +17.85% |
Max Drawdown (5Y)Largest decline over 5 years | -16.08% | — | — |
Current DrawdownCurrent decline from peak | -0.20% | -13.49% | +13.29% |
Average DrawdownAverage peak-to-trough decline | -2.57% | -15.90% | +13.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.58% | 6.85% | -6.27% |
Volatility
GHYB vs. GDOC - Volatility Comparison
The current volatility for Goldman Sachs Access High Yield Corporate Bond ETF (GHYB) is 1.08%, while Goldman Sachs Future Health Care Equity ETF (GDOC) has a volatility of 5.41%. This indicates that GHYB experiences smaller price fluctuations and is considered to be less risky than GDOC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GHYB | GDOC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.08% | 5.41% | -4.33% |
Volatility (6M)Calculated over the trailing 6-month period | 2.72% | 11.86% | -9.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.50% | 15.82% | -12.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.69% | 18.81% | -11.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.28% | 18.81% | -10.53% |
GHYB vs. GDOC - Expense Ratio Comparison
GHYB has a 0.34% expense ratio, which is lower than GDOC's 0.75% expense ratio.
Dividends
GHYB vs. GDOC - Dividend Comparison
GHYB's dividend yield for the trailing twelve months is around 6.80%, more than GDOC's 0.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
GDOC Goldman Sachs Future Health Care Equity ETF | 0.34% | 0.32% | 0.02% | 0.55% | 0.00% | 0.00% | 0.00% | 0.00% | 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 GDOC have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GDOC has higher volatility (5.41%) compared to GHYB (1.08%). In terms of maximum drawdown, GHYB dropped -21.48% vs GDOC's -31.01%.
On 3-year performance, GHYB leads with 8.66% vs 0.84% for GDOC. On fees, GHYB is cheaper at 0.34% 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 3-year period, GHYB has performed better with a 8.66% return vs 0.84%. 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 0.75% for GDOC.
GHYB has the higher dividend yield at 6.80%, compared with 0.34% for GDOC.
GHYB is categorized as High Yield Bonds, while GDOC is Health & Biotech Equities. Their fees differ too: 0.34% for GHYB and 0.75% for GDOC.
GHYB currently has the higher Sharpe Ratio (1.98 vs 0.45), 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.
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