GHYB vs. GIGL
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. 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
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Returns By Period
In the year-to-date period, GHYB achieves a 1.32% return, which is significantly higher than GIGL's 0.46% return.
GHYB
- 1D
- 0.16%
- 1M
- 0.37%
- YTD
- 1.32%
- 6M
- 1.69%
- 1Y
- 6.90%
- 3Y*
- 8.66%
- 5Y*
- 4.02%
- 10Y*
- —
GIGL
- 1D
- 0.14%
- 1M
- 0.51%
- YTD
- 0.46%
- 6M
- 0.49%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GHYB vs. GIGL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GHYB Goldman Sachs Access High Yield Corporate Bond ETF | 1.32% | 4.20% |
GIGL Goldman Sachs Corporate Bond ETF | 0.46% | 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 (All Time) Calculated using the full available price history since Jun 27, 2025 | 0.71 |
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Return for Risk
GHYB vs. GIGL — Risk / Return Rank
GHYB
GIGL
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.
| GHYB | GIGL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.38 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.59 | — | — |
| Martin ratioReturn relative to average drawdown | 11.85 | — | — |
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 | GIGL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.98 | — | — |
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 | 1.09 | -0.54 |
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.
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Drawdown Indicators
| GHYB | GIGL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.48% | -3.13% | -18.35% |
Max Drawdown (1Y)Largest decline over 1 year | -2.67% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -4.66% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -16.08% | — | — |
Current DrawdownCurrent decline from peak | -0.20% | -1.05% | +0.85% |
Average DrawdownAverage peak-to-trough decline | -2.57% | -0.71% | -1.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.58% | — | — |
Volatility
GHYB vs. GIGL - Volatility Comparison
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Volatility by Period
| GHYB | GIGL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.08% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.72% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.50% | 4.16% | -0.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.69% | 4.16% | +3.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.28% | 4.16% | +4.12% |
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 6.80%, more than GIGL's 3.78% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
GIGL Goldman Sachs Corporate Bond ETF | 3.78% | 2.12% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
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.
On fees, GIGL is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GIGL is cheaper with a 0.29% expense ratio, compared with 0.34% for GHYB.
GHYB has the higher dividend yield at 6.80%, compared with 3.78% for 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.
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