GHYB vs. IGEB
Compare and contrast key facts about Goldman Sachs Access High Yield Corporate Bond ETF (GHYB) and iShares Investment Grade Bond Factor ETF (IGEB).
GHYB and IGEB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GHYB is a passively managed fund by Goldman Sachs that tracks the performance of the FTSE Goldman Sachs High Yield Corporate Bond Index. It was launched on Sep 5, 2017. IGEB is a passively managed fund by iShares that tracks the performance of the BlackRock Investment Grade Enhanced Bond Index. It was launched on Jul 11, 2017. Both GHYB and IGEB are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GHYB or IGEB.
Key characteristics
| GHYB | IGEB | |
|---|---|---|
| YTD Return | 7.87% | 3.38% |
| 1Y Return | 13.92% | 11.42% |
| 3Y Return (Ann) | 2.73% | -1.21% |
| 5Y Return (Ann) | 3.86% | 1.42% |
| Sharpe Ratio | 2.65 | 1.92 |
| Sortino Ratio | 4.00 | 2.89 |
| Omega Ratio | 1.53 | 1.34 |
| Calmar Ratio | 2.41 | 0.76 |
| Martin Ratio | 17.69 | 8.49 |
| Ulcer Index | 0.78% | 1.33% |
| Daily Std Dev | 5.19% | 5.89% |
| Max Drawdown | -21.48% | -21.13% |
| Current Drawdown | -0.55% | -5.23% |
Correlation
The correlation between GHYB and IGEB is 0.44, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
GHYB vs. IGEB - Performance Comparison
In the year-to-date period, GHYB achieves a 7.87% return, which is significantly higher than IGEB's 3.38% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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GHYB vs. IGEB - Expense Ratio Comparison
GHYB has a 0.34% expense ratio, which is higher than IGEB's 0.18% expense ratio.
Risk-Adjusted Performance
GHYB vs. IGEB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Access High Yield Corporate Bond ETF (GHYB) and iShares Investment Grade Bond Factor ETF (IGEB). 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.
Dividends
GHYB vs. IGEB - Dividend Comparison
GHYB's dividend yield for the trailing twelve months is around 6.43%, more than IGEB's 4.87% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
GHYB Goldman Sachs Access High Yield Corporate Bond ETF | 6.43% | 6.19% | 5.67% | 4.45% | 4.75% | 5.57% | 5.68% | 1.45% |
IGEB iShares Investment Grade Bond Factor ETF | 4.87% | 4.60% | 3.63% | 3.84% | 3.77% | 5.61% | 3.59% | 1.61% |
Drawdowns
GHYB vs. IGEB - Drawdown Comparison
The maximum GHYB drawdown since its inception was -21.48%, roughly equal to the maximum IGEB drawdown of -21.13%. Use the drawdown chart below to compare losses from any high point for GHYB and IGEB. For additional features, visit the drawdowns tool.
Volatility
GHYB vs. IGEB - Volatility Comparison
The current volatility for Goldman Sachs Access High Yield Corporate Bond ETF (GHYB) is 1.18%, while iShares Investment Grade Bond Factor ETF (IGEB) has a volatility of 1.97%. This indicates that GHYB experiences smaller price fluctuations and is considered to be less risky than IGEB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.