GVLE vs. GHYB
GVLE (Goldman Sachs Value Opportunities ETF) and GHYB (Goldman Sachs Access High Yield Corporate Bond ETF) are both exchange-traded funds - GVLE is a Large Cap Value 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. GVLE is actively managed, while GHYB is passively managed. Their 0.70 correlation means they have sometimes moved together and sometimes differently. GVLE charges 0.45%/yr vs 0.34%/yr for GHYB.
Performance
GVLE vs. GHYB - Performance Comparison
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Returns By Period
In the year-to-date period, GVLE achieves a 18.84% return, which is significantly higher than GHYB's 1.55% return.
GVLE
- 1D
- 2.16%
- 1M
- 2.61%
- 6M
- 16.20%
- YTD
- 18.84%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
GHYB
- 1D
- 0.12%
- 1M
- -0.32%
- 6M
- 0.99%
- YTD
- 1.55%
- 1Y
- 5.23%
- 3Y*
- 8.27%
- 5Y*
- 3.84%
- 10Y*
- —
- ALL TIME*
- 4.47%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $526.35K | $447.06K | $568.98K | |
| $50.89K | $151.90K | $80.35K |
GVLE vs. GHYB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GVLE Goldman Sachs Value Opportunities ETF | 18.84% | 4.29% |
GHYB Goldman Sachs Access High Yield Corporate Bond ETF | 1.55% | 1.39% |
Correlation
The correlation between GVLE and GHYB is 0.70, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 17, 2025 | 0.70 |
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Return for Risk
GVLE vs. GHYB — Risk / Return Rank
GVLE
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
GHYB
GVLE vs. GHYB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Value Opportunities ETF (GVLE) 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.
| GVLE | GHYB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.28 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.95 | — |
| Martin ratioReturn relative to average drawdown | — | 8.74 | — |
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Drawdowns
GVLE vs. GHYB - Drawdown Comparison
The maximum GVLE drawdown since its inception was -7.88%, smaller than the maximum GHYB drawdown of -21.48%. Use the drawdown chart below to compare losses from any high point for GVLE and GHYB.
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Drawdown Indicators
| GVLE | GHYB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.88% | -21.48% | +13.60% |
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 | 0.00% | -0.43% | +0.43% |
Average DrawdownAverage peak-to-trough decline | -1.16% | -2.53% | +1.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.60% | — |
Volatility
GVLE vs. GHYB - Volatility Comparison
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Volatility by Period
| GVLE | GHYB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.67% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 2.78% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 14.05% | 3.48% | +10.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.05% | 7.69% | +6.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.05% | 8.21% | +5.84% |
GVLE vs. GHYB - Expense Ratio Comparison
GVLE has a 0.45% expense ratio, which is higher than GHYB's 0.34% expense ratio.
Dividends
GVLE vs. GHYB - Dividend Comparison
GVLE's dividend yield for the trailing twelve months is around 0.98%, 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 | 6.16% | 7.00% | 6.65% | 6.20% | 5.67% | 4.46% | 4.75% | 5.57% | 5.68% | 1.45% |
GVLE Goldman Sachs Value Opportunities ETF | 0.98% | 1.16% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GVLE and GHYB have a correlation of 0.70, 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 0.45% for GVLE.
GHYB has the higher dividend yield at 6.16%, compared with 0.98% for GVLE.
GVLE is categorized as Large Cap Value Equities, while GHYB is High Yield Bonds. Their fees differ too: 0.45% for GVLE and 0.34% for GHYB.
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