GTPE vs. GHYB
GTPE (Goldman Sachs MSCI World Private Equity Return Tracker ETF) and GHYB (Goldman Sachs Access High Yield Corporate Bond ETF) are both exchange-traded funds - GTPE is a Global Equities fund tracking the MSCI World Private Equity Return Tracker Index, while GHYB is a High Yield Bonds fund tracking the FTSE Goldman Sachs High Yield Corporate Bond Index. Both are passively managed. A 0.71 correlation means they provide meaningful diversification when combined. GTPE charges 0.50%/yr vs 0.34%/yr for GHYB.
Performance
GTPE vs. GHYB - Performance Comparison
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Returns By Period
In the year-to-date period, GTPE achieves a 18.27% return, which is significantly higher than GHYB's 1.71% return.
GTPE
- 1D
- 0.03%
- 1M
- 1.77%
- 6M
- 15.75%
- YTD
- 18.27%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GHYB
- 1D
- -0.10%
- 1M
- 0.25%
- 6M
- 1.20%
- YTD
- 1.71%
- 1Y
- 5.87%
- 3Y*
- 8.59%
- 5Y*
- 3.86%
- 10Y*
- —
GTPE vs. GHYB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GTPE Goldman Sachs MSCI World Private Equity Return Tracker ETF | 18.27% | 2.96% |
GHYB Goldman Sachs Access High Yield Corporate Bond ETF | 1.71% | 1.19% |
Correlation
The correlation between GTPE and GHYB is 0.71, 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 Oct 23, 2025 | 0.71 |
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Return for Risk
GTPE vs. GHYB — Risk / Return Rank
GTPE
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
GHYB
GTPE vs. GHYB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs MSCI World Private Equity Return Tracker ETF (GTPE) 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.
| GTPE | GHYB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.32 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.15 | — |
| Martin ratioReturn relative to average drawdown | — | 9.85 | — |
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Drawdowns
GTPE vs. GHYB - Drawdown Comparison
The maximum GTPE drawdown since its inception was -8.91%, smaller than the maximum GHYB drawdown of -21.48%. Use the drawdown chart below to compare losses from any high point for GTPE and GHYB.
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Drawdown Indicators
| GTPE | GHYB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.91% | -21.48% | +12.57% |
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 | -1.39% | -0.28% | -1.11% |
Average DrawdownAverage peak-to-trough decline | -1.72% | -2.54% | +0.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.58% | — |
Volatility
GTPE vs. GHYB - Volatility Comparison
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Volatility by Period
| GTPE | GHYB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.76% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 2.75% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 18.04% | 3.47% | +14.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.04% | 7.70% | +10.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.04% | 8.24% | +9.80% |
GTPE vs. GHYB - Expense Ratio Comparison
GTPE has a 0.50% expense ratio, which is higher than GHYB's 0.34% expense ratio.
Dividends
GTPE vs. GHYB - Dividend Comparison
GTPE has not paid dividends to shareholders, while GHYB's dividend yield for the trailing twelve months is around 6.75%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
GHYB Goldman Sachs Access High Yield Corporate Bond ETF | 6.75% | 7.00% | 6.65% | 6.20% | 5.67% | 4.46% | 4.75% | 5.57% | 5.68% | 1.45% |
GTPE Goldman Sachs MSCI World Private Equity Return Tracker ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GTPE and GHYB have a correlation of 0.71, 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 0.50% for GTPE.
GHYB has the higher dividend yield at 6.75%, compared with 0.00% for GTPE.
GTPE is categorized as Global Equities, while GHYB is High Yield Bonds. GTPE tracks MSCI World Private Equity Return Tracker Index, while GHYB tracks FTSE Goldman Sachs High Yield Corporate Bond Index. Their fees differ too: 0.50% for GTPE and 0.34% for GHYB.
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