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ETFs

Goldman Sachs Access High Yield Corporate Bond ETF

GHYB
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Sep 07 2017
Expense Ratio
0.34%
Type
US Bonds
Fund Owner
Goldman Sachs
Volume (1m avg. daily)
$288,305
AUM
$95,544,585
Associated Index
FTSE Goldman Sachs High Yield Corporate Bond Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

MZDM5272642
MEDLINE BORROWER LP
0.91%
CCL5084018
CARNIVAL CORPORATION
0.87%
FGTXX
GS TRUST - GS FINANCIAL S
0.87%
CCL5284214
CARNIVAL CORPORATION
0.85%
n/a
Commscope Fin 6 % Notes 2019-01.03.26 -144A-
0.84%
n/a
Transdigm Inc 6.25 % Notes 2019-15.03.26 Secd -144A-
0.79%
ALIN5059877
ALLIANT HOLDINGS INTERMED
0.76%
BDRB5197344
BOMBARDIER INC.
0.73%
ERI5004410
CAESARS ENTERTAINMENT IN
0.72%
AAL5147600
AMERICAN AIRLINES INC.
0.72%
Invest with GHYB

What is GHYB?

The Fund seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the FTSE Goldman Sachs High Yield Corporate Bond Index (the Index ). The index employs a simple, transparent process that is designed to identify an investible universe, then eliminates issuers with relative deteriorating fundamentals to offer exposure to existing sector or market beta.

ETFs related toGHYB

ETFs correlated to GHYB include HYLB, JNK, HYG

GHYB
Goldman Sachs ETF Trust - Goldman Sachs Access High Yield Corporate Bond ETF
HYLB
DBX ETF Trust - Xtrackers USD High Yield Corporate Bond ETF
JNK
SPDR Series Trust - SPDR Bloomberg High Yield Bond ETF
HYG
BlackRock Institutional Trust Company N.A. - iShares iBoxx USD High Yield Corporate Bond ETF
BBHY
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders USD High Yield Corporate Bond ETF
HYDW
DBX ETF Trust - Xtrackers Low Beta High Yield Bond ETF
HYBB
iShares Trust - iShares BB Rated Corporate Bond ETF
USHY
BlackRock Institutional Trust Company N.A. - iShares Broad USD High Yield Corporate Bond ETF
UJB
ProShares Trust - ProShares Ultra High Yield 2x Shares
SHYG
BlackRock Institutional Trust Company N.A. - iShares 0-5 Year High Yield Corporate Bond ETF
HYDB
BlackRock Institutional Trust Company N.A. - iShares High Yield Bond Factor ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toGHYB

#SD

Smarter Dividends

Category

Composer's Picks, Investing for the Long-Term

Risk Rating

Moderate

#RB

Rotating Bonds

Category

Getting Defensive, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with GHYB using Composer

FAQ

GHYB is a US Bonds ETF. The Fund seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the FTSE Goldman Sachs High Yield Corporate Bond Index (the Index ). The index employs a simple, transparent process that is designed to identify an investible universe, then eliminates issuers with relative deteriorating fundamentals to offer exposure to existing sector or market beta.

GHYB tracks the FTSE Goldman Sachs High Yield Corporate Bond Index.

No, GHYB is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, GHYB is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on GHYB is -0.0008%. This is the percent change in the value of GHYB over the most recent 1-month period. The 3-month return on GHYB is 0.0081%. This is the percent change in the value of GHYB over the most recent 3-month period.

The standard deviation of GHYB for the past year is 0.1024%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to GHYB include IGSB, SPIB, and VCIT.

ETFs correlated to GHYB include HYLB, JNK, and HYG.

ETFs that are inversely correlated to GHYB include SJB, HIBS, and SPXU.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.