GTOP vs. GHYB
GTOP (Goldman Sachs Technology Opportunities ETF) and GHYB (Goldman Sachs Access High Yield Corporate Bond ETF) are both exchange-traded funds - GTOP is a Technology 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. GTOP is actively managed, while GHYB is passively managed. A 0.64 correlation means they provide meaningful diversification when combined. GTOP charges 0.65%/yr vs 0.34%/yr for GHYB.
Performance
GTOP vs. GHYB - Performance Comparison
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Returns By Period
In the year-to-date period, GTOP achieves a 20.78% return, which is significantly higher than GHYB's 1.55% return.
GTOP
- 1D
- -3.08%
- 1M
- 1.37%
- YTD
- 20.78%
- 6M
- 19.10%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GHYB
- 1D
- -0.02%
- 1M
- 0.58%
- YTD
- 1.55%
- 6M
- 1.70%
- 1Y
- 6.43%
- 3Y*
- 8.96%
- 5Y*
- 3.95%
- 10Y*
- —
GTOP vs. GHYB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GTOP Goldman Sachs Technology Opportunities ETF | 20.78% | -1.02% |
GHYB Goldman Sachs Access High Yield Corporate Bond ETF | 1.55% | 0.24% |
Correlation
The correlation between GTOP and GHYB is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 8, 2025 | 0.64 |
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Return for Risk
GTOP vs. GHYB — Risk / Return Rank
GTOP
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
GHYB
GTOP vs. GHYB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Technology Opportunities ETF (GTOP) 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.
| GTOP | GHYB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.35 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.41 | — |
| Martin ratioReturn relative to average drawdown | — | 10.98 | — |
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Drawdowns
GTOP vs. GHYB - Drawdown Comparison
The maximum GTOP drawdown since its inception was -14.47%, smaller than the maximum GHYB drawdown of -21.48%. Use the drawdown chart below to compare losses from any high point for GTOP and GHYB.
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Drawdown Indicators
| GTOP | GHYB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.47% | -21.48% | +7.01% |
Max Drawdown (1Y)Largest decline over 1 year | — | -2.67% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -4.66% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -16.08% | — |
Current DrawdownCurrent decline from peak | -5.56% | -0.10% | -5.46% |
Average DrawdownAverage peak-to-trough decline | -3.45% | -2.55% | -0.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.59% | — |
Volatility
GTOP vs. GHYB - Volatility Comparison
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Volatility by Period
| GTOP | GHYB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.93% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 2.77% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 24.61% | 3.52% | +21.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.61% | 7.70% | +16.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.61% | 8.26% | +16.35% |
GTOP vs. GHYB - Expense Ratio Comparison
GTOP has a 0.65% expense ratio, which is higher than GHYB's 0.34% expense ratio.
Dividends
GTOP vs. GHYB - Dividend Comparison
GTOP has not paid dividends to shareholders, while GHYB's dividend yield for the trailing twelve months is around 6.79%.
| 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% |
GTOP Goldman Sachs Technology Opportunities ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GTOP and GHYB have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GHYB is cheaper at 0.34% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GHYB is cheaper with a 0.34% expense ratio, compared with 0.65% for GTOP.
GHYB has the higher dividend yield at 6.79%, compared with 0.00% for GTOP.
GTOP is categorized as Technology Equities, while GHYB is High Yield Bonds. Their fees differ too: 0.65% for GTOP and 0.34% for GHYB.
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