GHYB vs SCHD
GHYB vs SCHD
Goldman Sachs Access High Yield Corporate Bond ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. GHYB offers more diversification with 765 holdings.
Side-by-Side Comparison
| Metric | GHYB | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.15% | 0.06% | |
| AUM | $134M | $103.7B | |
| Dividend Yield | 6.78% | 3.31% | |
| Holdings | 908 | 104 | |
| YTD Return | +1.25% | +23.31% | |
| 1Y Return | +4.72% | +30.42% | |
| 3Y Return (annualized) | +8.19% | +14.66% | |
| 5Y Return (annualized) | +3.84% | +9.59% | |
| Volatility (annualized) | 7.8% | 13.6% | |
| Max Drawdown | -22.2% | -33.4% | |
| Fund Family | Goldman Sachs Asset Management | Charles Schwab Asset Management | |
| Category | Fixed Income | Equity | |
| Inception | Sep 5, 2017 | Oct 20, 2011 |
GHYB vs SCHD Performance
Goldman Sachs Access High Yield Corporate Bond ETF (GHYB) is a ETF from Goldman Sachs Asset Management and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year GHYB returned +4.72% while SCHD returned +30.42%. Year to date, GHYB is up 1.25% versus a gain of 23.31% for SCHD.
Over three years, GHYB compounded at +8.19% per year against +14.66% for SCHD; over five years the annualized figures are +3.84% and +9.59% respectively. Across the full 9-year window we track, SCHD has the edge at +11.34% annualized vs +2.37%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 7.8% 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 -33.4% for SCHD. 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 0.72. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
GHYB charges 0.15% per year while SCHD charges 0.06%. On a $10,000 position that is $15 vs $6 annually, a gap of $9 per year that compounds over a long holding period. On income, GHYB currently yields 6.78% against 3.31% for SCHD.
Holdings Overlap
GHYB and SCHD share 0 holdings out of 865 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 SCHD?
GHYB has an expense ratio of 0.15% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $9 per year of difference.
Which performed better, GHYB or SCHD?
Over the past year GHYB returned +4.72% vs +30.42% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (9 years), GHYB annualized +2.37% vs +11.34% for SCHD. Past performance does not guarantee future results.
Which is riskier, GHYB or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 7.8% for GHYB. Worst drawdown: GHYB -22.2% vs SCHD -33.4%.
Should I hold both GHYB and SCHD?
GHYB and SCHD have a monthly-return correlation of 0.72, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GHYB and SCHD?
GHYB and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 865 unique securities.
Which pays a higher dividend, GHYB or SCHD?
GHYB yields 6.78% while SCHD yields 3.31%, so GHYB currently pays the higher dividend yield.
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