GSC vs. GHYB
GSC (Goldman Sachs Small Cap Core Equity ETF) and GHYB (Goldman Sachs Access High Yield Corporate Bond ETF) are both exchange-traded funds - GSC is a Small Cap Blend Equities fund actively managed by Goldman Sachs, while GHYB is a High Yield Bonds fund tracking the FTSE Goldman Sachs High Yield Corporate Bond Index. GSC is actively managed, while GHYB is passively managed. Over the past 5 years, GSC returned 21.00%/yr vs 3.99%/yr for GHYB. At a 0.19 correlation, their price movements are largely independent. GSC charges 0.75%/yr vs 0.34%/yr for GHYB.
Performance
GSC vs. GHYB - Performance Comparison
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Returns By Period
In the year-to-date period, GSC achieves a 15.37% return, which is significantly higher than GHYB's 1.16% return.
GSC
- 1D
- -0.49%
- 1M
- 4.25%
- YTD
- 15.37%
- 6M
- 14.45%
- 1Y
- 27.08%
- 3Y*
- 26.13%
- 5Y*
- 21.00%
- 10Y*
- 10.81%
GHYB
- 1D
- -0.36%
- 1M
- 0.33%
- YTD
- 1.16%
- 6M
- 1.43%
- 1Y
- 6.91%
- 3Y*
- 8.55%
- 5Y*
- 3.99%
- 10Y*
- —
GSC vs. GHYB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GSC Goldman Sachs Small Cap Core Equity ETF | 15.37% | 6.29% | 13.79% | 33.52% | 28.40% | 58.09% | -33.08% | 29.69% | -19.52% | 12.21% |
GHYB Goldman Sachs Access High Yield Corporate Bond ETF | 1.16% | 9.38% | 7.76% | 12.13% | -11.02% | 3.21% | 6.38% | 14.55% | -2.01% | 0.27% |
Correlation
The correlation between GSC and GHYB is 0.55, 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 | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Sep 8, 2017 | 0.19 |
Over the past year, GSC and GHYB have become more correlated (0.55) than their long-term average of 0.19, meaning their price movements have been converging.
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Return for Risk
GSC vs. GHYB — Risk / Return Rank
GSC
GHYB
GSC vs. GHYB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Small Cap Core Equity ETF (GSC) and Goldman Sachs Access High Yield Corporate Bond ETF (GHYB). 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.
| GSC | GHYB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.92 | ||
| Sortino ratioReturn per unit of downside risk | +0.86 | ||
| Omega ratioGain probability vs. loss probability | 1.99 | 1.38 | +0.61 |
| Calmar ratioReturn relative to maximum drawdown | 0.47 | 2.59 | -2.13 |
| Martin ratioReturn relative to average drawdown | 1.61 | 11.87 | -10.26 |
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
| GSC | GHYB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.07 | 1.98 | -1.92 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.10 | 0.52 | -0.42 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.07 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.00 | 0.55 | -0.55 |
Drawdowns
GSC vs. GHYB - Drawdown Comparison
The maximum GSC drawdown since its inception was -88.63%, which is greater than GHYB's maximum drawdown of -21.48%. Use the drawdown chart below to compare losses from any high point for GSC and GHYB.
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Drawdown Indicators
| GSC | GHYB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.63% | -21.48% | -67.15% |
Max Drawdown (1Y)Largest decline over 1 year | -58.25% | -2.67% | -55.58% |
Max Drawdown (3Y)Largest decline over 3 years | -58.25% | -4.66% | -53.59% |
Max Drawdown (5Y)Largest decline over 5 years | -58.25% | -16.08% | -42.17% |
Max Drawdown (10Y)Largest decline over 10 years | -66.06% | — | — |
Current DrawdownCurrent decline from peak | -31.48% | -0.36% | -31.12% |
Average DrawdownAverage peak-to-trough decline | -59.28% | -2.57% | -56.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.91% | 0.58% | +16.33% |
Volatility
GSC vs. GHYB - Volatility Comparison
Goldman Sachs Small Cap Core Equity ETF (GSC) has a higher volatility of 5.99% compared to Goldman Sachs Access High Yield Corporate Bond ETF (GHYB) at 1.08%. This indicates that GSC's price experiences larger fluctuations and is considered to be riskier than GHYB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GSC | GHYB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.99% | 1.08% | +4.91% |
Volatility (6M)Calculated over the trailing 6-month period | 203.12% | 2.72% | +200.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 403.80% | 3.51% | +400.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 218.92% | 7.69% | +211.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 160.38% | 8.28% | +152.10% |
GSC vs. GHYB - Expense Ratio Comparison
GSC has a 0.75% expense ratio, which is higher than GHYB's 0.34% expense ratio.
Dividends
GSC vs. GHYB - Dividend Comparison
GSC's dividend yield for the trailing twelve months is around 0.17%, less than GHYB's 6.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
GHYB Goldman Sachs Access High Yield Corporate Bond ETF | 6.81% | 7.00% | 6.65% | 6.20% | 5.67% | 4.46% | 4.75% | 5.57% | 5.68% | 1.45% |
GSC Goldman Sachs Small Cap Core Equity ETF | 0.17% | 0.16% | 0.66% | 0.11% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GSC and GHYB have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GSC has higher volatility (5.99%) compared to GHYB (1.08%). In terms of maximum drawdown, GSC dropped -88.63% vs GHYB's -21.48%.
On 5-year performance, GSC leads with 21.00% vs 3.99% for GHYB. On fees, GHYB is cheaper at 0.34% per year. On volatility, GHYB has been the lower-risk option at 1.08%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, GSC has performed better with a 21.00% return vs 3.99%. 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 0.75% for GSC.
GHYB has the higher dividend yield at 6.81%, compared with 0.17% for GSC.
GSC is categorized as Small Cap Blend Equities, while GHYB is High Yield Bonds. Their fees differ too: 0.75% for GSC and 0.34% for GHYB.
GHYB currently has the higher Sharpe Ratio (1.98 vs 0.07), 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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