GSEW vs. GHYB
GSEW (Goldman Sachs Equal Weight U.S. Large Cap Equity ETF) and GHYB (Goldman Sachs Access High Yield Corporate Bond ETF) are both exchange-traded funds - GSEW is a Large Cap Growth Equities fund tracking the Solactive US Large Cap Equal Weight Index, while GHYB is a High Yield Bonds fund tracking the FTSE Goldman Sachs High Yield Corporate Bond Index. Both are passively managed. Over the past 5 years, GSEW returned 8.84%/yr vs 4.02%/yr for GHYB. A 0.69 correlation means they provide meaningful diversification when combined. GSEW charges 0.09%/yr vs 0.34%/yr for GHYB.
Performance
GSEW vs. GHYB - Performance Comparison
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Returns By Period
In the year-to-date period, GSEW achieves a 10.61% return, which is significantly higher than GHYB's 1.32% return.
GSEW
- 1D
- 0.99%
- 1M
- 3.38%
- YTD
- 10.61%
- 6M
- 10.52%
- 1Y
- 19.76%
- 3Y*
- 17.95%
- 5Y*
- 8.84%
- 10Y*
- —
GHYB
- 1D
- 0.16%
- 1M
- 0.37%
- YTD
- 1.32%
- 6M
- 1.69%
- 1Y
- 6.90%
- 3Y*
- 8.66%
- 5Y*
- 4.02%
- 10Y*
- —
GSEW vs. GHYB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF | 10.61% | 11.97% | 16.89% | 17.80% | -17.54% | 25.43% | 16.28% | 31.04% | -8.11% | 7.67% |
GHYB Goldman Sachs Access High Yield Corporate Bond ETF | 1.32% | 9.38% | 7.76% | 12.13% | -11.02% | 3.21% | 6.38% | 14.55% | -2.01% | 0.44% |
Correlation
The correlation between GSEW and GHYB is 0.68, 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 | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2017 | 0.69 |
The correlation between GSEW and GHYB has been stable across timeframes, ranging from 0.67 to 0.71 - a consistent structural relationship.
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Return for Risk
GSEW vs. GHYB — Risk / Return Rank
GSEW
GHYB
GSEW vs. GHYB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (GSEW) 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.
| GSEW | GHYB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.34 | ||
| Sortino ratioReturn per unit of downside risk | -0.60 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.38 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.57 | 2.59 | -0.02 |
| Martin ratioReturn relative to average drawdown | 9.83 | 11.85 | -2.02 |
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
| GSEW | GHYB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.64 | 1.98 | -0.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | 0.53 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.62 | 0.55 | +0.07 |
Drawdowns
GSEW vs. GHYB - Drawdown Comparison
The maximum GSEW drawdown since its inception was -38.65%, which is greater than GHYB's maximum drawdown of -21.48%. Use the drawdown chart below to compare losses from any high point for GSEW and GHYB.
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Drawdown Indicators
| GSEW | GHYB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.65% | -21.48% | -17.17% |
Max Drawdown (1Y)Largest decline over 1 year | -7.72% | -2.67% | -5.05% |
Max Drawdown (3Y)Largest decline over 3 years | -18.18% | -4.66% | -13.52% |
Max Drawdown (5Y)Largest decline over 5 years | -25.74% | -16.08% | -9.66% |
Current DrawdownCurrent decline from peak | 0.00% | -0.20% | +0.20% |
Average DrawdownAverage peak-to-trough decline | -5.89% | -2.57% | -3.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.02% | 0.58% | +1.44% |
Volatility
GSEW vs. GHYB - Volatility Comparison
Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (GSEW) has a higher volatility of 2.82% compared to Goldman Sachs Access High Yield Corporate Bond ETF (GHYB) at 1.08%. This indicates that GSEW'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
| GSEW | GHYB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.82% | 1.08% | +1.74% |
Volatility (6M)Calculated over the trailing 6-month period | 9.09% | 2.72% | +6.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.13% | 3.50% | +8.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.92% | 7.69% | +9.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.19% | 8.28% | +10.91% |
GSEW vs. GHYB - Expense Ratio Comparison
GSEW has a 0.09% expense ratio, which is lower than GHYB's 0.34% expense ratio.
Dividends
GSEW vs. GHYB - Dividend Comparison
GSEW's dividend yield for the trailing twelve months is around 1.41%, less than GHYB's 6.80% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
GHYB Goldman Sachs Access High Yield Corporate Bond ETF | 6.80% | 7.00% | 6.65% | 6.20% | 5.67% | 4.46% | 4.75% | 5.57% | 5.68% | 1.45% |
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF | 1.41% | 1.52% | 1.46% | 1.64% | 1.74% | 1.34% | 1.53% | 1.66% | 1.56% | 0.54% |
Frequently Asked Questions
GSEW and GHYB have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GSEW has higher volatility (2.82%) compared to GHYB (1.08%). In terms of maximum drawdown, GSEW dropped -38.65% vs GHYB's -21.48%.
On 5-year performance, GSEW leads with 8.84% vs 4.02% for GHYB. On fees, GSEW is cheaper at 0.09% 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, GSEW has performed better with a 8.84% return vs 4.02%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GSEW is cheaper with a 0.09% expense ratio, compared with 0.34% for GHYB.
GHYB has the higher dividend yield at 6.80%, compared with 1.41% for GSEW.
GSEW is categorized as Large Cap Growth Equities, while GHYB is High Yield Bonds. GSEW tracks Solactive US Large Cap Equal Weight Index, while GHYB tracks FTSE Goldman Sachs High Yield Corporate Bond Index. Their fees differ too: 0.09% for GSEW and 0.34% for GHYB.
GHYB currently has the higher Sharpe Ratio (1.98 vs 1.64), 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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