GHYB vs. HFSI
GHYB (Goldman Sachs Access High Yield Corporate Bond ETF) and HFSI (Hartford Strategic Income ETF) are both exchange-traded funds - GHYB is a High Yield Bonds fund tracking the FTSE Goldman Sachs High Yield Corporate Bond Index, while HFSI is a Multisector Bonds fund actively managed by Hartford. GHYB is passively managed, while HFSI is actively managed. Over the past 3 years, GHYB returned 8.66%/yr vs 8.35%/yr for HFSI. A 0.60 correlation means they provide meaningful diversification when combined. GHYB charges 0.34%/yr vs 0.49%/yr for HFSI.
Performance
GHYB vs. HFSI - Performance Comparison
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Returns By Period
In the year-to-date period, GHYB achieves a 1.32% return, which is significantly lower than HFSI's 1.55% return.
GHYB
- 1D
- 0.16%
- 1M
- 0.37%
- YTD
- 1.32%
- 6M
- 1.69%
- 1Y
- 6.90%
- 3Y*
- 8.66%
- 5Y*
- 4.02%
- 10Y*
- —
HFSI
- 1D
- 0.17%
- 1M
- 0.85%
- YTD
- 1.55%
- 6M
- 1.77%
- 1Y
- 7.98%
- 3Y*
- 8.35%
- 5Y*
- —
- 10Y*
- —
GHYB vs. HFSI - 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% | 0.18% |
HFSI Hartford Strategic Income ETF | 1.55% | 9.56% | 7.91% | 9.91% | -12.60% | -1.57% |
Correlation
The correlation between GHYB and HFSI is 0.59, 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 | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Sep 23, 2021 | 0.60 |
The correlation between GHYB and HFSI has been stable across timeframes, ranging from 0.59 to 0.66 - a consistent structural relationship.
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Return for Risk
GHYB vs. HFSI — Risk / Return Rank
GHYB
HFSI
GHYB vs. HFSI - 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 Hartford Strategic Income ETF (HFSI). 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 | HFSI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.29 | ||
| Sortino ratioReturn per unit of downside risk | -0.44 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.44 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.59 | 2.62 | -0.03 |
| Martin ratioReturn relative to average drawdown | 11.85 | 10.50 | +1.35 |
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 | HFSI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.98 | 2.27 | -0.29 |
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 | 0.55 | 0.00 |
Drawdowns
GHYB vs. HFSI - Drawdown Comparison
The maximum GHYB drawdown since its inception was -21.48%, which is greater than HFSI's maximum drawdown of -19.34%. Use the drawdown chart below to compare losses from any high point for GHYB and HFSI.
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Drawdown Indicators
| GHYB | HFSI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.48% | -19.34% | -2.14% |
Max Drawdown (1Y)Largest decline over 1 year | -2.67% | -3.06% | +0.39% |
Max Drawdown (3Y)Largest decline over 3 years | -4.66% | -5.11% | +0.45% |
Max Drawdown (5Y)Largest decline over 5 years | -16.08% | — | — |
Current DrawdownCurrent decline from peak | -0.20% | -0.03% | -0.17% |
Average DrawdownAverage peak-to-trough decline | -2.57% | -5.72% | +3.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.58% | 0.76% | -0.18% |
Volatility
GHYB vs. HFSI - Volatility Comparison
Goldman Sachs Access High Yield Corporate Bond ETF (GHYB) and Hartford Strategic Income ETF (HFSI) have volatilities of 1.08% and 1.13%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GHYB | HFSI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.08% | 1.13% | -0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 2.72% | 2.52% | +0.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.50% | 3.59% | -0.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.69% | 4.97% | +2.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.28% | 4.97% | +3.31% |
GHYB vs. HFSI - Expense Ratio Comparison
GHYB has a 0.34% expense ratio, which is lower than HFSI's 0.49% expense ratio.
Dividends
GHYB vs. HFSI - Dividend Comparison
GHYB's dividend yield for the trailing twelve months is around 6.80%, more than HFSI's 5.53% 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% |
HFSI Hartford Strategic Income ETF | 5.53% | 5.67% | 6.51% | 5.77% | 4.87% | 0.71% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GHYB and HFSI have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HFSI has higher volatility (1.13%) compared to GHYB (1.08%). In terms of maximum drawdown, GHYB dropped -21.48% vs HFSI's -19.34%.
On 3-year performance, GHYB leads with 8.66% vs 8.35% for HFSI. On fees, GHYB is cheaper at 0.34% per year. Their volatility is very similar. 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 8.35%. 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 0.49% for HFSI.
GHYB has the higher dividend yield at 6.80%, compared with 5.53% for HFSI.
GHYB is categorized as High Yield Bonds, while HFSI is Multisector Bonds. They also come from different issuers: Goldman Sachs and Hartford. Their fees differ too: 0.34% for GHYB and 0.49% for HFSI.
HFSI currently has the higher Sharpe Ratio (2.27 vs 1.98), 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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