GHYB vs. GIGL

Last updated Jul 18, 2026

GHYB (Goldman Sachs Access High Yield Corporate Bond ETF) and GIGL (Goldman Sachs Corporate Bond ETF) are both exchange-traded funds - GHYB is a High Yield Bonds fund tracking the FTSE Goldman Sachs High Yield Corporate Bond Index, while GIGL is a Corporate Bonds fund managed by Goldman Sachs. Over the past year, GHYB returned 5.90% vs 4.55% for GIGL. A 0.71 correlation means they provide meaningful diversification when combined. GHYB charges 0.34%/yr vs 0.29%/yr for GIGL.

Performance

GHYB vs. GIGL - 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 Goldman Sachs Corporate Bond ETF (GIGL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GHYB achieves a 1.83% return, which is significantly higher than GIGL's 0.25% return.

GHYB

• 1D: -0.02%
• 1M: 0.51%
• 6M: 1.22%
• YTD: 1.83%
• 1Y: 5.90%
• 3Y*: 8.17%
• 5Y*: 3.95%
• 10Y*: —

GIGL

• 1D: 0.07%
• 1M: -0.39%
• 6M: 0.07%
• YTD: 0.25%
• 1Y: 4.55%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GHYB vs. GIGL - Yearly Performance Comparison

	2026 (YTD)	2025
GHYB Goldman Sachs Access High Yield Corporate Bond ETF	1.83%	4.48%
GIGL Goldman Sachs Corporate Bond ETF	0.25%	3.76%

Correlation

The correlation between GHYB and GIGL is 0.71, 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	0.71
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025	0.71

The correlation between GHYB and GIGL has been stable across timeframes, ranging from 0.71 to 0.71 - a consistent structural relationship.

Return for Risk

GHYB vs. GIGL — Risk / Return Rank

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

GHYB

GHYB Risk / Return Rank: 67
GHYB Sharpe Ratio Rank: 67
GHYB Sortino Ratio Rank: 71
GHYB Omega Ratio Rank: 72
GHYB Calmar Ratio Rank: 56
GHYB Martin Ratio Rank: 72

GIGL

GIGL Risk / Return Rank: 38
GIGL Sharpe Ratio Rank: 40
GIGL Sortino Ratio Rank: 38
GIGL Omega Ratio Rank: 37
GIGL Calmar Ratio Rank: 37
GIGL Martin Ratio Rank: 38

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. GIGL - 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 Corporate Bond ETF (GIGL). 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	GIGL	Difference
Sharpe ratio: Return per unit of total volatility	1.71	1.10	+0.61
Sortino ratio: Return per unit of downside risk	2.55	1.59	+0.97
Omega ratio: Gain probability vs. loss probability	1.33	1.19	+0.14
Calmar ratio: Return relative to maximum drawdown	2.21	1.46	+0.75
Martin ratio: Return relative to average drawdown	10.12	4.48	+5.64

GHYB vs. GIGL - Sharpe Ratio Comparison

The current GHYB Sharpe Ratio is 1.71, which is higher than the GIGL Sharpe Ratio of 1.10. The chart below compares the historical Sharpe Ratios of GHYB and GIGL, 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. GIGL - Drawdown Comparison

The maximum GHYB drawdown since its inception was -21.48%, which is greater than GIGL's maximum drawdown of -3.13%. Use the drawdown chart below to compare losses from any high point for GHYB and GIGL.

Drawdown Indicators

	GHYB	GIGL	Difference
Max Drawdown Largest peak-to-trough decline	-21.48%	-3.13%	-18.35%
Max Drawdown (1Y) Largest decline over 1 year	-2.67%	-3.13%	+0.46%
Max Drawdown (3Y) Largest decline over 3 years	-4.66%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-16.08%	—	—
Current Drawdown Current decline from peak	-0.16%	-1.26%	+1.10%
Average Drawdown Average peak-to-trough decline	-2.54%	-0.74%	-1.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.58%	1.02%	-0.44%

Volatility

GHYB vs. GIGL - Volatility Comparison

The current volatility for Goldman Sachs Access High Yield Corporate Bond ETF (GHYB) is 0.59%, while Goldman Sachs Corporate Bond ETF (GIGL) has a volatility of 1.10%. This indicates that GHYB experiences smaller price fluctuations and is considered to be less risky than GIGL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GHYB	GIGL	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.59%	1.10%	-0.51%
Volatility (6M) Calculated over the trailing 6-month period	2.77%	3.32%	-0.55%
Volatility (1Y) Calculated over the trailing 1-year period	3.46%	4.15%	-0.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.69%	4.15%	+3.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.23%	4.15%	+4.08%

GHYB vs. GIGL - Expense Ratio Comparison

GHYB has a 0.34% expense ratio, which is higher than GIGL's 0.29% expense ratio.

Dividends

GHYB vs. GIGL - Dividend Comparison

GHYB's dividend yield for the trailing twelve months is around 6.74%, more than GIGL's 4.19% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
GHYB Goldman Sachs Access High Yield Corporate Bond ETF	6.74%	7.00%	6.65%	6.20%	5.67%	4.46%	4.75%	5.57%	5.68%	1.45%
GIGL Goldman Sachs Corporate Bond ETF	4.19%	2.12%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GHYB and GIGL in my portfolio?

GHYB and GIGL have a correlation of 0.71, 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 GIGL?

GIGL has higher volatility (1.10%) compared to GHYB (0.59%). In terms of maximum drawdown, GHYB dropped -21.48% vs GIGL's -3.13%.

Which ETF is better, GHYB or GIGL?

On 1-year performance, GHYB leads with 5.90% vs 4.55% for GIGL. On fees, GIGL is cheaper at 0.29% per year. On volatility, GHYB has been the lower-risk option at 0.59%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GHYB or GIGL?

Over the 1-year period, GHYB has performed better with a 5.90% return vs 4.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GHYB or GIGL?

GIGL is cheaper with a 0.29% expense ratio, compared with 0.34% for GHYB.

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

GHYB has the higher dividend yield at 6.74%, compared with 4.19% for GIGL.

What is the main difference between GHYB and GIGL?

GHYB is categorized as High Yield Bonds, while GIGL is Corporate Bonds. Their fees differ too: 0.34% for GHYB and 0.29% for GIGL.

Which has better risk-adjusted returns?

GHYB currently has the higher Sharpe Ratio (1.71 vs 1.10), 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.