GSIE vs. GHYB
GSIE (Goldman Sachs ActiveBeta International Equity ETF) and GHYB (Goldman Sachs Access High Yield Corporate Bond ETF) are both exchange-traded funds - GSIE is a Foreign Large Cap Equities fund tracking the Goldman Sachs ActiveBeta International Equity 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, GSIE returned 8.04%/yr vs 3.99%/yr for GHYB. A 0.64 correlation means they provide meaningful diversification when combined. GSIE charges 0.25%/yr vs 0.34%/yr for GHYB.
Performance
GSIE vs. GHYB - Performance Comparison
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Returns By Period
In the year-to-date period, GSIE achieves a 6.51% return, which is significantly higher than GHYB's 1.16% return.
GSIE
- 1D
- -0.83%
- 1M
- 2.22%
- YTD
- 6.51%
- 6M
- 9.50%
- 1Y
- 19.35%
- 3Y*
- 16.74%
- 5Y*
- 8.04%
- 10Y*
- 9.08%
GHYB
- 1D
- -0.36%
- 1M
- 0.33%
- YTD
- 1.16%
- 6M
- 1.43%
- 1Y
- 6.91%
- 3Y*
- 8.55%
- 5Y*
- 3.99%
- 10Y*
- —
GSIE vs. GHYB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GSIE Goldman Sachs ActiveBeta International Equity ETF | 6.51% | 32.53% | 5.23% | 16.99% | -15.86% | 13.27% | 7.45% | 22.83% | -13.40% | 5.22% |
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 GSIE and GHYB is 0.66, 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 | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Sep 8, 2017 | 0.64 |
The correlation between GSIE and GHYB has been stable across timeframes, ranging from 0.64 to 0.66 - a consistent structural relationship.
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Return for Risk
GSIE vs. GHYB — Risk / Return Rank
GSIE
GHYB
GSIE vs. GHYB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs ActiveBeta International Equity ETF (GSIE) 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.
| GSIE | GHYB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.61 | ||
| Sortino ratioReturn per unit of downside risk | -0.95 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.38 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.81 | 2.59 | -0.79 |
| Martin ratioReturn relative to average drawdown | 6.87 | 11.87 | -5.00 |
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
| GSIE | GHYB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.38 | 1.98 | -0.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | 0.52 | -0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.55 | -0.03 |
Drawdowns
GSIE vs. GHYB - Drawdown Comparison
The maximum GSIE drawdown since its inception was -34.63%, which is greater than GHYB's maximum drawdown of -21.48%. Use the drawdown chart below to compare losses from any high point for GSIE and GHYB.
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Drawdown Indicators
| GSIE | GHYB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.63% | -21.48% | -13.15% |
Max Drawdown (1Y)Largest decline over 1 year | -10.76% | -2.67% | -8.09% |
Max Drawdown (3Y)Largest decline over 3 years | -13.07% | -4.66% | -8.41% |
Max Drawdown (5Y)Largest decline over 5 years | -29.97% | -16.08% | -13.89% |
Max Drawdown (10Y)Largest decline over 10 years | -34.63% | — | — |
Current DrawdownCurrent decline from peak | -2.19% | -0.36% | -1.83% |
Average DrawdownAverage peak-to-trough decline | -6.06% | -2.57% | -3.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.82% | 0.58% | +2.24% |
Volatility
GSIE vs. GHYB - Volatility Comparison
Goldman Sachs ActiveBeta International Equity ETF (GSIE) has a higher volatility of 4.38% compared to Goldman Sachs Access High Yield Corporate Bond ETF (GHYB) at 1.08%. This indicates that GSIE'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
| GSIE | GHYB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.38% | 1.08% | +3.30% |
Volatility (6M)Calculated over the trailing 6-month period | 11.60% | 2.72% | +8.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.15% | 3.51% | +10.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.04% | 7.69% | +8.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.75% | 8.28% | +8.47% |
GSIE vs. GHYB - Expense Ratio Comparison
GSIE has a 0.25% expense ratio, which is lower than GHYB's 0.34% expense ratio.
Dividends
GSIE vs. GHYB - Dividend Comparison
GSIE's dividend yield for the trailing twelve months is around 2.52%, less than GHYB's 6.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
GSIE Goldman Sachs ActiveBeta International Equity ETF | 2.52% | 2.65% | 3.11% | 2.87% | 3.01% | 2.40% | 1.60% | 2.80% | 2.68% | 2.31% | 2.15% | 0.13% |
Frequently Asked Questions
GSIE and GHYB have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GSIE has higher volatility (4.38%) compared to GHYB (1.08%). In terms of maximum drawdown, GSIE dropped -34.63% vs GHYB's -21.48%.
On 5-year performance, GSIE leads with 8.04% vs 3.99% for GHYB. On fees, GSIE is cheaper at 0.25% 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, GSIE has performed better with a 8.04% return vs 3.99%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GSIE is cheaper with a 0.25% expense ratio, compared with 0.34% for GHYB.
GHYB has the higher dividend yield at 6.81%, compared with 2.52% for GSIE.
GSIE is categorized as Foreign Large Cap Equities, while GHYB is High Yield Bonds. GSIE tracks Goldman Sachs ActiveBeta International Equity Index, while GHYB tracks FTSE Goldman Sachs High Yield Corporate Bond Index. Their fees differ too: 0.25% for GSIE and 0.34% for GHYB.
GHYB currently has the higher Sharpe Ratio (1.98 vs 1.38), 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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