GHYB vs IVV
GHYB vs IVV
Goldman Sachs Access High Yield Corporate Bond ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. GHYB offers more diversification with 765 holdings.
Side-by-Side Comparison
| Metric | GHYB | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.15% | 0.03% | |
| AUM | $134M | $865.2B | |
| Dividend Yield | 6.78% | 1.09% | |
| Holdings | 908 | 508 | |
| YTD Return | +1.42% | +9.93% | |
| 1Y Return | +5.20% | +19.59% | |
| 3Y Return (annualized) | +8.27% | +19.41% | |
| 5Y Return (annualized) | +3.87% | +12.89% | |
| Volatility (annualized) | 7.9% | 15.1% | |
| Max Drawdown | -22.2% | -56.5% | |
| Fund Family | Goldman Sachs Asset Management | iShares by BlackRock (US) | |
| Category | Fixed Income | Equity | |
| Inception | Sep 5, 2017 | May 15, 2000 |
GHYB vs IVV Performance
Goldman Sachs Access High Yield Corporate Bond ETF (GHYB) is a ETF from Goldman Sachs Asset Management and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year GHYB returned +5.20% while IVV returned +19.59%. Year to date, GHYB is up 1.42% versus a gain of 9.93% for IVV.
Over three years, GHYB compounded at +8.27% per year against +19.41% for IVV; over five years the annualized figures are +3.87% and +12.89% respectively. Across the full 9-year window we track, IVV has the edge at +6.91% annualized vs +2.39%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 7.9% for GHYB. 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 -22.2% for GHYB and -56.5% for IVV. 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 0.81. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
GHYB charges 0.15% per year while IVV charges 0.03%. On a $10,000 position that is $15 vs $3 annually, a gap of $12 per year that compounds over a long holding period. On income, GHYB currently yields 6.78% against 1.09% for IVV.
Holdings Overlap
GHYB and IVV share 0 holdings out of 1270 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, GHYB or IVV?
GHYB has an expense ratio of 0.15% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $12 per year of difference.
Which performed better, GHYB or IVV?
Over the past year GHYB returned +5.20% vs +19.59% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (9 years), GHYB annualized +2.39% vs +6.91% for IVV. Past performance does not guarantee future results.
Which is riskier, GHYB or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 7.9% for GHYB. Worst drawdown: GHYB -22.2% vs IVV -56.5%.
Should I hold both GHYB and IVV?
GHYB and IVV have a monthly-return correlation of 0.81, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GHYB and IVV?
GHYB and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 1270 unique securities.
Which pays a higher dividend, GHYB or IVV?
GHYB yields 6.78% while IVV yields 1.09%, so GHYB currently pays the higher dividend yield.
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