GIGB vs. FDHY
Compare and contrast key facts about Goldman Sachs Access Investment Grade Corporate Bond ETF (GIGB) and Fidelity High Yield Factor ETF (FDHY).
GIGB and FDHY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. FDHY is an actively managed fund by Fidelity. It was launched on Jun 12, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GIGB or FDHY.
Key characteristics
| GIGB | FDHY | |
|---|---|---|
| YTD Return | -2.30% | 1.60% |
| 1Y Return | 1.70% | 8.87% |
| 3Y Return (Ann) | -2.94% | 1.16% |
| 5Y Return (Ann) | 1.00% | 4.43% |
| Sharpe Ratio | 0.25 | 1.56 |
| Daily Std Dev | 7.40% | 5.82% |
| Max Drawdown | -22.25% | -20.01% |
| Current Drawdown | -12.06% | -0.21% |
Correlation
The correlation between GIGB and FDHY is 0.45, 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
GIGB vs. FDHY - Performance Comparison
In the year-to-date period, GIGB achieves a -2.30% return, which is significantly lower than FDHY's 1.60% 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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GIGB vs. FDHY - Expense Ratio Comparison
GIGB has a 0.14% expense ratio, which is lower than FDHY's 0.45% expense ratio.
Risk-Adjusted Performance
GIGB vs. FDHY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Access Investment Grade Corporate Bond ETF (GIGB) and Fidelity High Yield Factor ETF (FDHY). 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
GIGB vs. FDHY - Dividend Comparison
GIGB's dividend yield for the trailing twelve months is around 4.04%, less than FDHY's 6.54% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
GIGB Goldman Sachs Access Investment Grade Corporate Bond ETF | 4.04% | 3.67% | 3.12% | 2.25% | 2.62% | 3.22% | 3.31% | 1.55% |
FDHY Fidelity High Yield Factor ETF | 6.54% | 6.26% | 5.34% | 6.09% | 5.78% | 4.94% | 3.07% | 0.00% |
Drawdowns
GIGB vs. FDHY - Drawdown Comparison
The maximum GIGB drawdown since its inception was -22.25%, which is greater than FDHY's maximum drawdown of -20.01%. Use the drawdown chart below to compare losses from any high point for GIGB and FDHY. For additional features, visit the drawdowns tool.
Volatility
GIGB vs. FDHY - Volatility Comparison
Goldman Sachs Access Investment Grade Corporate Bond ETF (GIGB) has a higher volatility of 2.08% compared to Fidelity High Yield Factor ETF (FDHY) at 1.56%. This indicates that GIGB's price experiences larger fluctuations and is considered to be riskier than FDHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.