The Goldman Sachs Access High Yield Corporate Bond ETF (GHYB) is Goldman’s offering for investors looking to access to the riskier corner of the corporate debt market. GHYB tracks the proprietary FTSE Goldman Sachs High Yield Corporate Bond Index. The index tries to eliminate issuers that exhibit deteriorating fundamentals, like worsening operating margins and leverage.
This fund is for investors looking to add income while avoiding some of the riskiest junk debt. Other ETFs have a similar goal, but use different strategies, such as the FlexShares High Yield Value-Scored Bond Index Fund (HYGV) or the WisdomTree U.S. High Yield Corporate Bond Fund (WFHY). Another variation are the “fallen angel” funds which seek to invest in downgraded securities or debt from issuers that have recently slipped below investment-grade, such as the iShares Fallen Angels USD Bond ETF (FALN) or the VanEck Vectors Fallen Angel High Yield Bond ETF (ANGL).
GHYB’s management fee is competitive, especially when compared to plain-vanilla index ETFs like iShares iBoxx $ High Yield Corporate Bond ETF (HYG) and the SPDR Bloomberg Barclays High Yield Bond ETF (JNK), the giants in the space. GHYB owns fewer securities than HYG — hardly surprising since GHYB is a fraction of HYG’s size. Both portfolios look similar when it comes to credit ratings and maturities. Does Goldman’s factor twist work? There’s limited performance history to go on since GSSC was launched in September 2017, but it did outperform HYG during the pandemic turmoil of the first five months of 2020.
| Segment | Fixed Income: U.S. - Corporate, Broad-based High Yield |
| Category | Corporate, Broad-based |
| Focus | High Yield |
| Niche | Broad Maturities |
| Strategy | Fundamental |
| Weighting Scheme | Market Value |
This section compares how balanced and deep this ETF is relative to its peers.
| GHYB | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Number of Holdings | 414 | 405 | 550 |
| % of Assets in Top 10 | 9.15% | 24.57% | 21.32% |
| % of Assets in Top 15 | 11.79% | 28.55% | 24.27% |
| % of Assets in Top 50 | 26.96% | 47.52% | 39.62% |
| GHYB | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Large (>12.9B) | N/A | N/A | N/A |
| Mid (>2.7B) | N/A | N/A | N/A |
| Small (>600M) | N/A | N/A | N/A |
| Micro (<600M) | N/A | N/A | N/A |
This section compares the P/E ratio of this ETF to its peers.
This section compares the dividend yield of this ETF to its peers.
| GHYB | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Dividend | $ 0.18 | $ 0.12 | $ 0.12 |
| Dividend Date | 2021-11-01 | N/A | N/A |
| Annual Dividend Rate | $ 2.44 | $ 1.34 | $ 1.43 |
| Annual Dividend Yield | 4.88% | 3.49% | 3.01% |
View charts featuring GHYB price and volume data.
View charts featuring ETF fund flow data.
5 Day Net Flows: 4.08 M 1 Month Net Flows: -4.4 M 3 Month Net Flows: -36.25 M 6 Month Net Flows: -22.99 M 1 Year Net Flows: -51.36 M 3 Year Net Flows: 79.49 M 5 Year Net Flows: 103.51 M 10 Year Net Flows: 106.01 MView charts that break down the influence that fund flows and price had on overall assets.
5 Day Net AUM Change: 6.21 MThe adjacent table gives investors an individual Realtime Rating for GHYB on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETF Database Pro members, shows the ETF in the High Yield Bonds with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETF Database Pro. To view information on how the ETF Database Realtime Ratings work, click here.
This section compares the cost efficiency of this ETF to its peers.
| Max ST Capital Gains Rate | 39.60% |
| Max LT Capital Gains Rate | 20.00% |
| Tax On Distributions | Ordinary income |
| Distributes K1 | No |
This section shows how this ETF has performed relative to its peers.
| GHYB |
ETF Database
Category Average |
Factset Segment
Average |
|
|---|---|---|---|
| 1 Month Return | -1.04% | -1.25% | -1.12% |
| 3 Month Return | 0.41% | 0.25% | 0.40% |
| YTD Return | -13.00% | -9.25% | -7.87% |
| 1 Year Return | -12.26% | -8.74% | -7.36% |
| 3 Year Return | -1.67% | -0.35% | 0.11% |
| 5 Year Return | 7.43% | 2.75% | 3.18% |
The following charts reflect the geographic spread of GHYB's underlying holdings.
The following charts reflect the allocation of GHYB's underlying holdings.
| Asset | Percentage |
|---|---|
| Corporate | 96.86% |
| Open-ended Fund | 2.87% |
| Other | 0.3% |
| Bank Loan | 0.08% |
| Bond Sector | Percentage |
|---|
| Maturity | Percentage |
|---|---|
| Less Than 1 Year | 0.0% |
| 1-3 Years | 0.0% |
| 3-5 Years | 0.0% |
| 5-7 Years | 0.0% |
| 7-10 Years | 0.0% |
| 10-15 Years | 0.0% |
| 15-20 Years | 0.0% |
| 20-30 Years | 0.0% |
| 30+ Years | 0.0% |
| Asset | Percentage |
|---|---|
| Corporate | 96.86% |
| Open-ended Fund | 2.87% |
| Other | 0.3% |
| Bank Loan | 0.08% |
This section shows how the volatility of this ETF compares to the peer group ETF Database Category.
| 5 Day Volatility | 83.99% |
| 20 Day Volatility | 16.85% |
| 50 Day Volatility | 14.45% |
| 200 Day Volatility | 14.96% |
| Beta | 0.36 |
| Standard Deviation | 2.22% |
ETF Database's Financial Advisor Reports are designed as an easy handout for clients to explain the key information on a fund. Includes new analyst insights and classification data.
A fact sheet is not available for this ETF. Please visit the GHYB ETF home page for more information.
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