GHYB vs VOO
Goldman Sachs Access High Yield Corporate Bond ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. GHYB offers more diversification with 900 holdings.
Side-by-Side Comparison
| Metric | GHYB | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.15% | 0.03% | |
| AUM | $134M | $997.4B | |
| Dividend Yield | 6.77% | 1.08% | |
| Holdings | 900 | 509 | |
| YTD Return | +2.34% | +12.73% | |
| 1Y Return | +5.07% | +20.59% | |
| 3Y Return (annualized) | +8.57% | +21.70% | |
| 5Y Return (annualized) | +3.96% | +12.87% | |
| Volatility (annualized) | 7.8% | 14.1% | |
| Max Drawdown | -22.2% | -34.3% | |
| Fund Family | Goldman Sachs Asset Management | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Sep 5, 2017 | Sep 7, 2010 |
GHYB vs VOO Performance
Goldman Sachs Access High Yield Corporate Bond ETF (GHYB) is a ETF from Goldman Sachs Asset Management and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year GHYB returned +5.07% while VOO returned +20.59%. Year to date, GHYB is up 2.34% versus a gain of 12.73% for VOO.
Over three years, GHYB compounded at +8.57% per year against +21.70% for VOO; over five years the annualized figures are +3.96% and +12.87% respectively. Across the full 9-year window we track, VOO has the edge at +13.47% annualized vs +2.48%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% 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 -34.3% for VOO. 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 VOO 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 6.77% against 1.08% for VOO.
Holdings Overlap
GHYB and VOO share 0 holdings out of 1223 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 VOO?
GHYB has an expense ratio of 0.15% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $12 per year of difference.
Which performed better, GHYB or VOO?
Over the past year GHYB returned +5.07% vs +20.59% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (9 years), GHYB annualized +2.48% vs +13.47% for VOO. Past performance does not guarantee future results.
Which is riskier, GHYB or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 7.8% for GHYB. Worst drawdown: GHYB -22.2% vs VOO -34.3%.
Should I hold both GHYB and VOO?
GHYB and VOO 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 VOO?
GHYB and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 1223 unique securities.
Which pays a higher dividend, GHYB or VOO?
GHYB yields 6.77% while VOO yields 1.08%, so GHYB currently pays the higher dividend yield.
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