GHYB vs VYM
GHYB vs VYM
Goldman Sachs Access High Yield Corporate Bond ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. VYM delivered stronger 1-year returns. GHYB offers more diversification with 765 holdings.
Side-by-Side Comparison
| Metric | GHYB | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.15% | 0.04% | |
| AUM | $134M | $79.0B | |
| Dividend Yield | 6.78% | 2.86% | |
| Holdings | 908 | 568 | |
| YTD Return | +1.33% | +15.57% | |
| 1Y Return | +4.86% | +25.99% | |
| 3Y Return (annualized) | +8.23% | +18.02% | |
| 5Y Return (annualized) | +3.91% | +12.71% | |
| Volatility (annualized) | 7.8% | 14.6% | |
| Max Drawdown | -22.2% | -58.8% | |
| Fund Family | Goldman Sachs Asset Management | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Sep 5, 2017 | Nov 10, 2006 |
GHYB vs VYM Performance
Goldman Sachs Access High Yield Corporate Bond ETF (GHYB) 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 GHYB returned +4.86% while VYM returned +25.99%. Year to date, GHYB is up 1.33% versus a gain of 15.57% for VYM.
Over three years, GHYB compounded at +8.23% per year against +18.02% for VYM; over five years the annualized figures are +3.91% and +12.71% respectively. Across the full 9-year window we track, VYM has the edge at +7.07% annualized vs +2.38%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 14.6% 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 -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 0.77. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
GHYB charges 0.15% per year while VYM charges 0.04%. On a $10,000 position that is $15 vs $4 annually, a gap of $11 per year that compounds over a long holding period. On income, GHYB currently yields 6.78% against 2.86% for VYM.
Holdings Overlap
GHYB and VYM share 0 holdings out of 1323 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 VYM?
GHYB has an expense ratio of 0.15% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $11 per year of difference.
Which performed better, GHYB or VYM?
Over the past year GHYB returned +4.86% vs +25.99% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (9 years), GHYB annualized +2.38% vs +7.07% for VYM. Past performance does not guarantee future results.
Which is riskier, GHYB or VYM?
VYM has been the more volatile fund at 14.6% annualized versus 7.8% for GHYB. Worst drawdown: GHYB -22.2% vs VYM -58.8%.
Should I hold both GHYB and VYM?
GHYB and VYM have a monthly-return correlation of 0.77, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GHYB and VYM?
GHYB and VYM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 1323 unique securities.
Which pays a higher dividend, GHYB or VYM?
GHYB yields 6.78% while VYM yields 2.86%, so GHYB currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.