GHYB vs. VBTLX
Compare and contrast key facts about Goldman Sachs Access High Yield Corporate Bond ETF (GHYB) and Vanguard Total Bond Market Index Fund Admiral Shares (VBTLX).
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. VBTLX is managed by Vanguard. It was launched on Nov 12, 2001.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GHYB or VBTLX.
Key characteristics
| GHYB | VBTLX | |
|---|---|---|
| YTD Return | 7.93% | 1.37% |
| 1Y Return | 12.74% | 6.68% |
| 3Y Return (Ann) | 2.75% | -2.41% |
| 5Y Return (Ann) | 3.82% | -0.28% |
| Sharpe Ratio | 2.70 | 1.36 |
| Sortino Ratio | 4.07 | 2.02 |
| Omega Ratio | 1.54 | 1.24 |
| Calmar Ratio | 2.78 | 0.51 |
| Martin Ratio | 17.97 | 4.66 |
| Ulcer Index | 0.78% | 1.68% |
| Daily Std Dev | 5.19% | 5.79% |
| Max Drawdown | -21.48% | -19.05% |
| Current Drawdown | -0.49% | -9.27% |
Correlation
The correlation between GHYB and VBTLX is 0.24, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
GHYB vs. VBTLX - Performance Comparison
In the year-to-date period, GHYB achieves a 7.93% return, which is significantly higher than VBTLX's 1.37% 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. VBTLX - Expense Ratio Comparison
GHYB has a 0.34% expense ratio, which is higher than VBTLX's 0.05% expense ratio.
Risk-Adjusted Performance
GHYB vs. VBTLX - 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 Vanguard Total Bond Market Index Fund Admiral Shares (VBTLX). 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. VBTLX - Dividend Comparison
GHYB's dividend yield for the trailing twelve months is around 6.43%, more than VBTLX's 3.61% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% | 0.00% |
VBTLX Vanguard Total Bond Market Index Fund Admiral Shares | 3.61% | 3.11% | 2.51% | 1.90% | 2.23% | 2.74% | 2.78% | 2.51% | 2.49% | 2.48% | 2.55% | 2.56% |
Drawdowns
GHYB vs. VBTLX - Drawdown Comparison
The maximum GHYB drawdown since its inception was -21.48%, which is greater than VBTLX's maximum drawdown of -19.05%. Use the drawdown chart below to compare losses from any high point for GHYB and VBTLX. For additional features, visit the drawdowns tool.
Volatility
GHYB vs. VBTLX - Volatility Comparison
The current volatility for Goldman Sachs Access High Yield Corporate Bond ETF (GHYB) is 1.18%, while Vanguard Total Bond Market Index Fund Admiral Shares (VBTLX) has a volatility of 1.66%. This indicates that GHYB experiences smaller price fluctuations and is considered to be less risky than VBTLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.