GHYB vs. GSIG
GHYB (Goldman Sachs Access High Yield Corporate Bond ETF) and GSIG (Goldman Sachs Access Investment Grade Corporate 1-5 Year 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 GSIG is a Corporate Bonds fund tracking the FTSE Goldman Sachs US Investment-Grade Corporate Bond 1-5 Years Index. Both are passively managed. Over the past 5 years, GHYB returned 3.95%/yr vs 2.18%/yr for GSIG. A 0.57 correlation means they provide meaningful diversification when combined. GHYB charges 0.34%/yr vs 0.14%/yr for GSIG.
Performance
GHYB vs. GSIG - Performance Comparison
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Returns By Period
In the year-to-date period, GHYB achieves a 1.55% return, which is significantly higher than GSIG's 0.68% return.
GHYB
- 1D
- -0.02%
- 1M
- 0.58%
- YTD
- 1.55%
- 6M
- 1.70%
- 1Y
- 6.43%
- 3Y*
- 8.96%
- 5Y*
- 3.95%
- 10Y*
- —
GSIG
- 1D
- 0.01%
- 1M
- 0.20%
- YTD
- 0.68%
- 6M
- 0.91%
- 1Y
- 4.01%
- 3Y*
- 5.39%
- 5Y*
- 2.18%
- 10Y*
- —
GHYB vs. GSIG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
GHYB Goldman Sachs Access High Yield Corporate Bond ETF | 1.55% | 9.38% | 7.76% | 12.13% | -11.02% | 3.21% | 8.35% |
GSIG Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF | 0.68% | 6.69% | 4.72% | 6.06% | -5.80% | -0.81% | 1.59% |
Correlation
The correlation between GHYB and GSIG is 0.63, 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 | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Jul 9, 2020 | 0.57 |
The correlation between GHYB and GSIG has been stable across timeframes, ranging from 0.57 to 0.63 - a consistent structural relationship.
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Return for Risk
GHYB vs. GSIG — Risk / Return Rank
GHYB
GSIG
GHYB vs. GSIG - 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 Access Investment Grade Corporate 1-5 Year Bond ETF (GSIG). 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 | GSIG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.64 | ||
| Sortino ratioReturn per unit of downside risk | -1.10 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.50 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 2.41 | 3.13 | -0.72 |
| Martin ratioReturn relative to average drawdown | 10.98 | 12.77 | -1.79 |
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Drawdowns
GHYB vs. GSIG - Drawdown Comparison
The maximum GHYB drawdown since its inception was -21.48%, which is greater than GSIG's maximum drawdown of -9.57%. Use the drawdown chart below to compare losses from any high point for GHYB and GSIG.
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Drawdown Indicators
| GHYB | GSIG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.48% | -9.57% | -11.91% |
Max Drawdown (1Y)Largest decline over 1 year | -2.67% | -1.46% | -1.21% |
Max Drawdown (3Y)Largest decline over 3 years | -4.66% | -1.46% | -3.20% |
Max Drawdown (5Y)Largest decline over 5 years | -16.08% | -9.57% | -6.51% |
Current DrawdownCurrent decline from peak | -0.10% | -0.31% | +0.21% |
Average DrawdownAverage peak-to-trough decline | -2.55% | -2.10% | -0.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.59% | 0.36% | +0.23% |
Volatility
GHYB vs. GSIG - Volatility Comparison
Goldman Sachs Access High Yield Corporate Bond ETF (GHYB) has a higher volatility of 0.93% compared to Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF (GSIG) at 0.57%. This indicates that GHYB's price experiences larger fluctuations and is considered to be riskier than GSIG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GHYB | GSIG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.93% | 0.57% | +0.36% |
Volatility (6M)Calculated over the trailing 6-month period | 2.77% | 1.35% | +1.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.52% | 1.84% | +1.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.70% | 2.89% | +4.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.26% | 2.71% | +5.55% |
GHYB vs. GSIG - Expense Ratio Comparison
GHYB has a 0.34% expense ratio, which is higher than GSIG's 0.14% expense ratio.
Dividends
GHYB vs. GSIG - Dividend Comparison
GHYB's dividend yield for the trailing twelve months is around 6.79%, more than GSIG's 4.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
GSIG Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF | 4.34% | 4.61% | 4.59% | 3.51% | 2.21% | 1.04% | 0.45% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GHYB and GSIG have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GHYB has higher volatility (0.93%) compared to GSIG (0.57%). In terms of maximum drawdown, GHYB dropped -21.48% vs GSIG's -9.57%.
On 5-year performance, GHYB leads with 3.95% vs 2.18% for GSIG. On fees, GSIG is cheaper at 0.14% per year. On volatility, GSIG has been the lower-risk option at 0.57%. 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 3.95% return vs 2.18%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GSIG is cheaper with a 0.14% expense ratio, compared with 0.34% for GHYB.
GHYB has the higher dividend yield at 6.79%, compared with 4.34% for GSIG.
GHYB is categorized as High Yield Bonds, while GSIG is Corporate Bonds. GHYB tracks FTSE Goldman Sachs High Yield Corporate Bond Index, while GSIG tracks FTSE Goldman Sachs US Investment-Grade Corporate Bond 1-5 Years Index. Their fees differ too: 0.34% for GHYB and 0.14% for GSIG.
GSIG currently has the higher Sharpe Ratio (2.48 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.
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