GHYB vs. GHYG
GHYB (Goldman Sachs Access High Yield Corporate Bond ETF) and GHYG (iShares US & Intl High Yield Corp Bond ETF) are both High Yield Bonds funds - GHYB tracks the FTSE Goldman Sachs High Yield Corporate Bond Index while GHYG tracks the Markit iBoxx Global Developed Markets High Yield Index. Both are passively managed. Over the past 5 years, GHYB returned 3.96%/yr vs 3.17%/yr for GHYG. A 0.77 correlation means they provide meaningful diversification when combined. GHYB charges 0.34%/yr vs 0.40%/yr for GHYG.
Performance
GHYB vs. GHYG - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, GHYB achieves a 0.99% return, which is significantly higher than GHYG's 0.11% return.
GHYB
- 1D
- -0.33%
- 1M
- -0.27%
- YTD
- 0.99%
- 6M
- 1.23%
- 1Y
- 6.85%
- 3Y*
- 8.49%
- 5Y*
- 3.96%
- 10Y*
- —
GHYG
- 1D
- -0.46%
- 1M
- -0.67%
- YTD
- 0.11%
- 6M
- 0.90%
- 1Y
- 5.63%
- 3Y*
- 8.81%
- 5Y*
- 3.17%
- 10Y*
- 4.66%
GHYB vs. GHYG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GHYB Goldman Sachs Access High Yield Corporate Bond ETF | 0.99% | 9.38% | 7.76% | 12.13% | -11.02% | 3.21% | 6.38% | 14.55% | -2.01% | 0.27% |
GHYG iShares US & Intl High Yield Corp Bond ETF | 0.11% | 11.28% | 5.85% | 13.29% | -12.15% | 1.62% | 6.68% | 13.47% | -3.79% | 0.28% |
Correlation
The correlation between GHYB and GHYG is 0.82, 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 | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Sep 8, 2017 | 0.77 |
The correlation between GHYB and GHYG has been stable across timeframes, ranging from 0.77 to 0.84 - a consistent structural relationship.
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. GHYG — Risk / Return Rank
GHYB
GHYG
GHYB vs. GHYG - 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 iShares US & Intl High Yield Corp Bond ETF (GHYG). 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 | GHYG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.77 | ||
| Sortino ratioReturn per unit of downside risk | +1.09 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.22 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 2.57 | 1.47 | +1.10 |
| Martin ratioReturn relative to average drawdown | 11.76 | 5.48 | +6.27 |
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 | GHYG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.97 | 1.20 | +0.77 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | 0.42 | +0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.53 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.55 | 0.00 |
Drawdowns
GHYB vs. GHYG - Drawdown Comparison
The maximum GHYB drawdown since its inception was -21.48%, smaller than the maximum GHYG drawdown of -27.36%. Use the drawdown chart below to compare losses from any high point for GHYB and GHYG.
Loading charts...
Drawdown Indicators
| GHYB | GHYG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.48% | -27.36% | +5.88% |
Max Drawdown (1Y)Largest decline over 1 year | -2.67% | -3.84% | +1.17% |
Max Drawdown (3Y)Largest decline over 3 years | -4.66% | -4.46% | -0.20% |
Max Drawdown (5Y)Largest decline over 5 years | -16.08% | -20.44% | +4.36% |
Max Drawdown (10Y)Largest decline over 10 years | — | -27.36% | — |
Current DrawdownCurrent decline from peak | -0.53% | -1.24% | +0.71% |
Average DrawdownAverage peak-to-trough decline | -2.57% | -3.35% | +0.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.58% | 1.03% | -0.45% |
Volatility
GHYB vs. GHYG - Volatility Comparison
The current volatility for Goldman Sachs Access High Yield Corporate Bond ETF (GHYB) is 1.09%, while iShares US & Intl High Yield Corp Bond ETF (GHYG) has a volatility of 1.89%. This indicates that GHYB experiences smaller price fluctuations and is considered to be less risky than GHYG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| GHYB | GHYG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.09% | 1.89% | -0.80% |
Volatility (6M)Calculated over the trailing 6-month period | 2.74% | 3.80% | -1.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.52% | 4.72% | -1.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.69% | 7.64% | +0.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.28% | 8.77% | -0.49% |
GHYB vs. GHYG - Expense Ratio Comparison
GHYB has a 0.34% expense ratio, which is lower than GHYG's 0.40% expense ratio.
Dividends
GHYB vs. GHYG - Dividend Comparison
GHYB's dividend yield for the trailing twelve months is around 6.82%, more than GHYG's 6.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GHYB Goldman Sachs Access High Yield Corporate Bond ETF | 6.82% | 7.00% | 6.65% | 6.20% | 5.67% | 4.46% | 4.75% | 5.57% | 5.68% | 1.45% | 0.00% | 0.00% |
GHYG iShares US & Intl High Yield Corp Bond ETF | 6.27% | 6.03% | 6.11% | 5.60% | 4.64% | 4.57% | 4.36% | 4.61% | 5.62% | 4.60% | 4.61% | 4.79% |
Frequently Asked Questions
GHYB and GHYG have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GHYG has higher volatility (1.89%) compared to GHYB (1.09%). In terms of maximum drawdown, GHYB dropped -21.48% vs GHYG's -27.36%.
On 5-year performance, GHYB leads with 3.96% vs 3.17% for GHYG. On fees, GHYB is cheaper at 0.34% per year. On volatility, GHYB has been the lower-risk option at 1.09%. 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 3.96% return vs 3.17%. 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 0.40% for GHYG.
GHYB has the higher dividend yield at 6.82%, compared with 6.27% for GHYG.
GHYB tracks FTSE Goldman Sachs High Yield Corporate Bond Index, while GHYG tracks Markit iBoxx Global Developed Markets High Yield Index. They also come from different issuers: Goldman Sachs and iShares. Their fees differ too: 0.34% for GHYB and 0.40% for GHYG.
GHYB currently has the higher Sharpe Ratio (1.97 vs 1.20), 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 GHYG
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