GIGB vs. ^GSPC

Last updated Apr 2, 2026

Compare and contrast key facts about Goldman Sachs Access Investment Grade Corporate Bond ETF (GIGB) and S&P 500 Index (^GSPC).

GIGB is a passively managed fund by Goldman Sachs that tracks the performance of the FTSE Goldman Sachs Investment Grade Corporate Bond Index. It was launched on Jun 6, 2017.

Performance

GIGB vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs Access Investment Grade Corporate Bond ETF (GIGB) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

GIGB vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GIGB Goldman Sachs Access Investment Grade Corporate Bond ETF	-0.16%	7.58%	1.68%	8.80%	-15.80%	-1.64%	9.86%	15.05%	-2.76%	2.45%
^GSPC S&P 500 Index	-3.95%	16.39%	23.31%	24.23%	-19.44%	26.89%	16.26%	28.88%	-6.24%	9.85%

Returns By Period

In the year-to-date period, GIGB achieves a -0.16% return, which is significantly higher than ^GSPC's -3.95% return.

GIGB

• 1D: 0.11%
• 1M: -1.41%
• YTD: -0.16%
• 6M: 0.15%
• 1Y: 4.71%
• 3Y*: 4.51%
• 5Y*: 0.54%
• 10Y*: —

^GSPC

• 1D: 0.72%
• 1M: -4.45%
• YTD: -3.95%
• 6M: -2.02%
• 1Y: 16.73%
• 3Y*: 16.96%
• 5Y*: 10.34%
• 10Y*: 12.24%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

GIGB vs. ^GSPC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GIGB

GIGB Risk / Return Rank: 47
GIGB Sharpe Ratio Rank: 43
GIGB Sortino Ratio Rank: 40
GIGB Omega Ratio Rank: 40
GIGB Calmar Ratio Rank: 63
GIGB Martin Ratio Rank: 49

^GSPC

^GSPC Risk / Return Rank: 67
^GSPC Sharpe Ratio Rank: 63
^GSPC Sortino Ratio Rank: 64
^GSPC Omega Ratio Rank: 69
^GSPC Calmar Ratio Rank: 60
^GSPC Martin Ratio Rank: 77

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GIGB vs. ^GSPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Access Investment Grade Corporate Bond ETF (GIGB) and S&P 500 Index (^GSPC). 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.

	GIGB	^GSPC	Difference
Sharpe ratio Return per unit of total volatility	0.85	0.92	-0.06
Sortino ratio Return per unit of downside risk	1.19	1.41	-0.22
Omega ratio Gain probability vs. loss probability	1.17	1.21	-0.05
Calmar ratio Return relative to maximum drawdown	1.71	1.41	+0.30
Martin ratio Return relative to average drawdown	5.12	6.61	-1.49
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GIGB vs. ^GSPC - Sharpe Ratio Comparison

The current GIGB Sharpe Ratio is 0.85, which is comparable to the ^GSPC Sharpe Ratio of 0.92. The chart below compares the historical Sharpe Ratios of GIGB and ^GSPC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	GIGB	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.85	0.92	-0.06
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.07	0.61	-0.54
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.68	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.32	0.46	-0.14

Correlation

The correlation between GIGB and ^GSPC is 0.22, 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.

Drawdowns

GIGB vs. ^GSPC - Drawdown Comparison

The maximum GIGB drawdown since its inception was -22.25%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for GIGB and ^GSPC.

Drawdown Indicators

	GIGB	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-22.25%	-56.78%	+34.53%
Max Drawdown (1Y) Largest decline over 1 year	-2.92%	-12.14%	+9.22%
Max Drawdown (5Y) Largest decline over 5 years	-22.25%	-25.43%	+3.18%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.92%	—
Current Drawdown Current decline from peak	-1.77%	-5.78%	+4.01%
Average Drawdown Average peak-to-trough decline	-5.70%	-10.75%	+5.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.97%	2.60%	-1.63%

Volatility

GIGB vs. ^GSPC - Volatility Comparison

The current volatility for Goldman Sachs Access Investment Grade Corporate Bond ETF (GIGB) is 2.14%, while S&P 500 Index (^GSPC) has a volatility of 5.37%. This indicates that GIGB experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GIGB	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.14%	5.37%	-3.23%
Volatility (6M) Calculated over the trailing 6-month period	2.96%	9.55%	-6.59%
Volatility (1Y) Calculated over the trailing 1-year period	5.54%	18.33%	-12.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.26%	16.90%	-9.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.72%	18.05%	-10.33%