GBND vs VYM
GBND vs VYM
Goldman Sachs Core Bond ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. VYM delivered stronger 1-year returns. VYM offers more diversification with 558 holdings.
Side-by-Side Comparison
| Metric | GBND | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.25% | 0.04% | |
| AUM | $523M | $79.0B | |
| Dividend Yield | 3.43% | 2.86% | |
| Holdings | 485 | 568 | |
| YTD Return | -0.55% | +13.24% | |
| 1Y Return | +3.03% | +23.76% | |
| 3Y Return (annualized) | - | +16.97% | |
| 5Y Return (annualized) | - | +12.26% | |
| Volatility (annualized) | 3.3% | 14.6% | |
| Max Drawdown | -2.8% | -58.8% | |
| Fund Family | Goldman Sachs Asset Management | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Jun 24, 2025 | Nov 10, 2006 |
GBND vs VYM Performance
Goldman Sachs Core Bond ETF (GBND) is a ETF from Goldman Sachs Asset Management and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year GBND returned +3.03% while VYM returned +23.76%. Year to date, GBND is down 0.55% versus a gain of 13.24% for VYM.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 14.6% compared with 3.3% for GBND. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -2.8% for GBND and -58.8% for VYM. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.53. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
GBND charges 0.25% per year while VYM charges 0.04%. On a $10,000 position that is $25 vs $4 annually, a gap of $21 per year that compounds over a long holding period. On income, GBND currently yields 3.43% against 2.86% for VYM.
Holdings Overlap
GBND and VYM share 0 holdings out of 881 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, GBND or VYM?
GBND has an expense ratio of 0.25% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $21 per year of difference.
Which performed better, GBND or VYM?
Over the past year GBND returned +3.03% vs +23.76% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (1 years), GBND annualized +2.57% vs +6.96% for VYM. Past performance does not guarantee future results.
Which is riskier, GBND or VYM?
VYM has been the more volatile fund at 14.6% annualized versus 3.3% for GBND. Worst drawdown: GBND -2.8% vs VYM -58.8%.
Should I hold both GBND and VYM?
GBND and VYM have a monthly-return correlation of 0.53, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GBND and VYM?
GBND and VYM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 881 unique securities.
Which pays a higher dividend, GBND or VYM?
GBND yields 3.43% while VYM yields 2.86%, so GBND currently pays the higher dividend yield.
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