GUSE vs. GHYB

Last updated Jul 14, 2026

GUSE (Goldman Sachs Enhanced U.S. Equity ETF) and GHYB (Goldman Sachs Access High Yield Corporate Bond ETF) are both exchange-traded funds - GUSE is a Large Cap Blend 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. GUSE is actively managed, while GHYB is passively managed. A 0.74 correlation means they provide meaningful diversification when combined. GUSE charges 0.30%/yr vs 0.34%/yr for GHYB.

Performance

GUSE vs. GHYB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs Enhanced U.S. Equity ETF (GUSE) and Goldman Sachs Access High Yield Corporate Bond ETF (GHYB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GUSE achieves a 11.48% return, which is significantly higher than GHYB's 1.53% return.

GUSE

• 1D: -0.67%
• 1M: 1.58%
• 6M: 8.74%
• YTD: 11.48%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GHYB

• 1D: -0.18%
• 1M: 0.01%
• 6M: 1.02%
• YTD: 1.53%
• 1Y: 5.68%
• 3Y*: 8.26%
• 5Y*: 3.86%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

GUSE vs. GHYB - Yearly Performance Comparison

	2026 (YTD)	2025
GUSE Goldman Sachs Enhanced U.S. Equity ETF	11.48%	2.38%
GHYB Goldman Sachs Access High Yield Corporate Bond ETF	1.53%	1.39%

Correlation

The correlation between GUSE and GHYB is 0.74, 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 Nov 17, 2025	0.74

Return for Risk

GUSE vs. GHYB — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GUSE

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

GHYB

GHYB Risk / Return Rank: 64
GHYB Sharpe Ratio Rank: 63
GHYB Sortino Ratio Rank: 67
GHYB Omega Ratio Rank: 67
GHYB Calmar Ratio Rank: 54
GHYB Martin Ratio Rank: 68

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GUSE vs. GHYB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Enhanced U.S. Equity ETF (GUSE) 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.

	GUSE	GHYB	Difference
Sharpe ratio: Return per unit of total volatility	—	1.64	—
Sortino ratio: Return per unit of downside risk	—	2.44	—
Omega ratio: Gain probability vs. loss probability	—	1.32	—
Calmar ratio: Return relative to maximum drawdown	—	2.13	—
Martin ratio: Return relative to average drawdown	—	9.75	—

Drawdowns

GUSE vs. GHYB - Drawdown Comparison

The maximum GUSE drawdown since its inception was -8.54%, smaller than the maximum GHYB drawdown of -21.48%. Use the drawdown chart below to compare losses from any high point for GUSE and GHYB.

Drawdown Indicators

	GUSE	GHYB	Difference
Max Drawdown Largest peak-to-trough decline	-8.54%	-21.48%	+12.94%
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 Drawdown Current decline from peak	-0.85%	-0.46%	-0.39%
Average Drawdown Average peak-to-trough decline	-1.42%	-2.54%	+1.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.58%	—

Volatility

Volatility by Period

	GUSE	GHYB	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.76%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.76%	—
Volatility (1Y) Calculated over the trailing 1-year period	13.95%	3.48%	+10.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.95%	7.70%	+6.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.95%	8.24%	+5.71%

GUSE vs. GHYB - Expense Ratio Comparison

GUSE has a 0.30% expense ratio, which is lower than GHYB's 0.34% expense ratio.

Dividends

GUSE vs. GHYB - Dividend Comparison

GUSE's dividend yield for the trailing twelve months is around 0.65%, less than GHYB's 6.76% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
GHYB Goldman Sachs Access High Yield Corporate Bond ETF	6.76%	7.00%	6.65%	6.20%	5.67%	4.46%	4.75%	5.57%	5.68%	1.45%
GUSE Goldman Sachs Enhanced U.S. Equity ETF	0.65%	0.73%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GUSE and GHYB in my portfolio?

GUSE and GHYB have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GUSE or GHYB?

On fees, GUSE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GUSE or GHYB?

GUSE is cheaper with a 0.30% expense ratio, compared with 0.34% for GHYB.

Which ETF pays a higher dividend yield, GUSE or GHYB?

GHYB has the higher dividend yield at 6.76%, compared with 0.65% for GUSE.

What is the main difference between GUSE and GHYB?

GUSE is categorized as Large Cap Blend Equities, while GHYB is High Yield Bonds. Their fees differ too: 0.30% for GUSE and 0.34% for GHYB.