GSUS vs. GHYB
GSUS (Goldman Sachs MarketBeta U.S. Equity ETF) and GHYB (Goldman Sachs Access High Yield Corporate Bond ETF) are both exchange-traded funds - GSUS is a Large Cap Growth Equities fund tracking the Solactive GBS United States Large & Mid Cap 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, GSUS returned 12.55%/yr vs 3.92%/yr for GHYB. A 0.69 correlation means they provide meaningful diversification when combined. GSUS charges 0.07%/yr vs 0.34%/yr for GHYB.
Performance
GSUS vs. GHYB - Performance Comparison
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Returns By Period
In the year-to-date period, GSUS achieves a 7.39% return, which is significantly higher than GHYB's 1.51% return.
GSUS
- 1D
- -0.53%
- 1M
- -1.74%
- YTD
- 7.39%
- 6M
- 6.10%
- 1Y
- 21.32%
- 3Y*
- 20.89%
- 5Y*
- 12.55%
- 10Y*
- —
GHYB
- 1D
- -0.04%
- 1M
- 0.53%
- YTD
- 1.51%
- 6M
- 1.46%
- 1Y
- 6.14%
- 3Y*
- 8.94%
- 5Y*
- 3.92%
- 10Y*
- —
GSUS vs. GHYB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
GSUS Goldman Sachs MarketBeta U.S. Equity ETF | 7.39% | 18.11% | 25.25% | 27.74% | -19.82% | 27.13% | 34.82% |
GHYB Goldman Sachs Access High Yield Corporate Bond ETF | 1.51% | 9.38% | 7.76% | 12.13% | -11.02% | 3.21% | 14.45% |
Correlation
The correlation between GSUS and GHYB is 0.72, 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 | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since May 15, 2020 | 0.69 |
The correlation between GSUS and GHYB has been stable across timeframes, ranging from 0.65 to 0.72 - a consistent structural relationship.
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Return for Risk
GSUS vs. GHYB — Risk / Return Rank
GSUS
GHYB
GSUS vs. GHYB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs MarketBeta U.S. Equity ETF (GSUS) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| GSUS | GHYB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.29 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.34 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.32 | 2.31 | +0.01 |
| Martin ratioReturn relative to average drawdown | 10.08 | 10.49 | -0.41 |
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Drawdowns
GSUS vs. GHYB - Drawdown Comparison
The maximum GSUS drawdown since its inception was -25.62%, which is greater than GHYB's maximum drawdown of -21.48%. Use the drawdown chart below to compare losses from any high point for GSUS and GHYB.
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Drawdown Indicators
| GSUS | GHYB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.62% | -21.48% | -4.14% |
Max Drawdown (1Y)Largest decline over 1 year | -9.24% | -2.67% | -6.57% |
Max Drawdown (3Y)Largest decline over 3 years | -19.07% | -4.66% | -14.41% |
Max Drawdown (5Y)Largest decline over 5 years | -25.62% | -16.08% | -9.54% |
Current DrawdownCurrent decline from peak | -3.69% | -0.14% | -3.55% |
Average DrawdownAverage peak-to-trough decline | -5.24% | -2.55% | -2.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.12% | 0.59% | +1.53% |
Volatility
GSUS vs. GHYB - Volatility Comparison
Goldman Sachs MarketBeta U.S. Equity ETF (GSUS) has a higher volatility of 5.03% compared to Goldman Sachs Access High Yield Corporate Bond ETF (GHYB) at 0.93%. This indicates that GSUS'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
| GSUS | GHYB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.03% | 0.93% | +4.10% |
Volatility (6M)Calculated over the trailing 6-month period | 10.02% | 2.77% | +7.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.70% | 3.51% | +9.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.16% | 7.70% | +9.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.09% | 8.26% | +8.83% |
GSUS vs. GHYB - Expense Ratio Comparison
GSUS has a 0.07% expense ratio, which is lower than GHYB's 0.34% expense ratio.
Dividends
GSUS vs. GHYB - Dividend Comparison
GSUS's dividend yield for the trailing twelve months is around 0.76%, less than GHYB's 6.79% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
GHYB Goldman Sachs Access High Yield Corporate Bond ETF | 6.79% | 7.00% | 6.65% | 6.20% | 5.67% | 4.46% | 4.75% | 5.57% | 5.68% | 1.45% |
GSUS Goldman Sachs MarketBeta U.S. Equity ETF | 0.76% | 1.04% | 1.19% | 1.32% | 1.51% | 1.13% | 0.78% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GSUS and GHYB have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GSUS has higher volatility (5.03%) compared to GHYB (0.93%). In terms of maximum drawdown, GSUS dropped -25.62% vs GHYB's -21.48%.
On 5-year performance, GSUS leads with 12.55% vs 3.92% for GHYB. On fees, GSUS is cheaper at 0.07% per year. On volatility, GHYB has been the lower-risk option at 0.93%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, GSUS has performed better with a 12.55% return vs 3.92%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GSUS is cheaper with a 0.07% expense ratio, compared with 0.34% for GHYB.
GHYB has the higher dividend yield at 6.79%, compared with 0.76% for GSUS.
GSUS is categorized as Large Cap Growth Equities, while GHYB is High Yield Bonds. GSUS tracks Solactive GBS United States Large & Mid Cap Index, while GHYB tracks FTSE Goldman Sachs High Yield Corporate Bond Index. Their fees differ too: 0.07% for GSUS and 0.34% for GHYB.
GHYB currently has the higher Sharpe Ratio (1.76 vs 1.69), 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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