GSJY vs. GHYB
GSJY (Goldman Sachs ActiveBeta Japan Equity ETF) and GHYB (Goldman Sachs Access High Yield Corporate Bond ETF) are both exchange-traded funds - GSJY is a Japan Equities fund tracking the Goldman Sachs ActiveBeta Japan 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, GSJY returned 8.80%/yr vs 3.99%/yr for GHYB. A 0.53 correlation means they provide meaningful diversification when combined. GSJY charges 0.25%/yr vs 0.34%/yr for GHYB.
Performance
GSJY vs. GHYB - Performance Comparison
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Returns By Period
In the year-to-date period, GSJY achieves a 13.29% return, which is significantly higher than GHYB's 1.16% return.
GSJY
- 1D
- 0.75%
- 1M
- 4.99%
- YTD
- 13.29%
- 6M
- 15.13%
- 1Y
- 29.76%
- 3Y*
- 18.00%
- 5Y*
- 8.80%
- 10Y*
- 9.28%
GHYB
- 1D
- -0.36%
- 1M
- 0.33%
- YTD
- 1.16%
- 6M
- 1.43%
- 1Y
- 6.91%
- 3Y*
- 8.55%
- 5Y*
- 3.99%
- 10Y*
- —
GSJY vs. GHYB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GSJY Goldman Sachs ActiveBeta Japan Equity ETF | 13.29% | 26.22% | 8.89% | 19.18% | -16.15% | 0.41% | 13.81% | 18.29% | -11.56% | 10.13% |
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 GSJY and GHYB is 0.54, 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 | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Sep 8, 2017 | 0.53 |
The correlation between GSJY and GHYB has been stable across timeframes, ranging from 0.52 to 0.55 - a consistent structural relationship.
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Return for Risk
GSJY vs. GHYB — Risk / Return Rank
GSJY
GHYB
GSJY vs. GHYB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs ActiveBeta Japan Equity ETF (GSJY) 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.
| GSJY | GHYB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.45 | ||
| Sortino ratioReturn per unit of downside risk | -0.70 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.38 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.12 | 2.59 | -0.47 |
| Martin ratioReturn relative to average drawdown | 7.09 | 11.87 | -4.78 |
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
| GSJY | GHYB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.54 | 1.98 | -0.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.49 | 0.52 | -0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.55 | 0.00 |
Drawdowns
GSJY vs. GHYB - Drawdown Comparison
The maximum GSJY drawdown since its inception was -32.53%, which is greater than GHYB's maximum drawdown of -21.48%. Use the drawdown chart below to compare losses from any high point for GSJY and GHYB.
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Drawdown Indicators
| GSJY | GHYB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.53% | -21.48% | -11.05% |
Max Drawdown (1Y)Largest decline over 1 year | -14.08% | -2.67% | -11.41% |
Max Drawdown (3Y)Largest decline over 3 years | -14.96% | -4.66% | -10.30% |
Max Drawdown (5Y)Largest decline over 5 years | -32.53% | -16.08% | -16.45% |
Max Drawdown (10Y)Largest decline over 10 years | -32.53% | — | — |
Current DrawdownCurrent decline from peak | -2.62% | -0.36% | -2.26% |
Average DrawdownAverage peak-to-trough decline | -7.58% | -2.57% | -5.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.21% | 0.58% | +3.63% |
Volatility
GSJY vs. GHYB - Volatility Comparison
Goldman Sachs ActiveBeta Japan Equity ETF (GSJY) has a higher volatility of 4.21% compared to Goldman Sachs Access High Yield Corporate Bond ETF (GHYB) at 1.08%. This indicates that GSJY'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
| GSJY | GHYB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.21% | 1.08% | +3.13% |
Volatility (6M)Calculated over the trailing 6-month period | 15.17% | 2.72% | +12.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.48% | 3.51% | +15.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.07% | 7.69% | +10.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.04% | 8.28% | +8.76% |
GSJY vs. GHYB - Expense Ratio Comparison
GSJY has a 0.25% expense ratio, which is lower than GHYB's 0.34% expense ratio.
Dividends
GSJY vs. GHYB - Dividend Comparison
GSJY's dividend yield for the trailing twelve months is around 1.75%, less than GHYB's 6.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
GSJY Goldman Sachs ActiveBeta Japan Equity ETF | 1.75% | 1.99% | 1.64% | 2.11% | 2.13% | 1.73% | 1.22% | 2.79% | 3.28% | 1.70% | 2.09% |
Frequently Asked Questions
GSJY and GHYB have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GSJY has higher volatility (4.21%) compared to GHYB (1.08%). In terms of maximum drawdown, GSJY dropped -32.53% vs GHYB's -21.48%.
On 5-year performance, GSJY leads with 8.80% vs 3.99% for GHYB. On fees, GSJY 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, GSJY has performed better with a 8.80% return vs 3.99%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GSJY 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 1.75% for GSJY.
GSJY is categorized as Japan Equities, while GHYB is High Yield Bonds. GSJY tracks Goldman Sachs ActiveBeta Japan Equity Index, while GHYB tracks FTSE Goldman Sachs High Yield Corporate Bond Index. Their fees differ too: 0.25% for GSJY and 0.34% for GHYB.
GHYB currently has the higher Sharpe Ratio (1.98 vs 1.54), 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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