Goldman Sachs Access High Yield Corporate… (GHYB) Performance
GHYB total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −0.0% since Dec 31, 2025
- 1 year
- +1.1% total return
- 5 years
- +3.5% a year
- Since first price
- +4.2% a year since 2017
GHYB trailing returns vs AGG, TLT, SPY
| Period | GHYB total return | Price only | U.S. bonds (AGG) | 20+ yr Treasuries (TLT) | S&P 500 (SPY) |
|---|---|---|---|---|---|
| 1 month | −0.9% | −1.5% | +0.9% | +1.5% | −1.0% |
| 3 months | −1.3% | −2.9% | −0.4% | −1.0% | +3.2% |
| 6 months | −1.0% | −4.2% | −1.5% | −3.8% | +7.8% |
| YTD | −0.0% | −4.8% | −1.0% | −3.4% | +12.3% |
| 1 year | +1.1% | −5.3% | −1.1% | −6.9% | +14.4% |
| 3 years | +28.0%+8.6%/yr | +4.5% | +16.6%+5.2%/yr | +9.7%+3.1%/yr | +87.4%+23.3%/yr |
| 5 years | +18.9%+3.5%/yr | −13.2% | −0.8%−0.2%/yr | −32.5%−7.6%/yr | +79.3%+12.4%/yr |
| Since inceptionSep 7, 2017 | +45.3%+4.2%/yr | −13.9% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: GHYB vs AGG
From Sep 7, 2017: GHYB grew to $14,532, AGG to $11,275.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
GHYB returns by calendar year
6 of 8 full years positive. Best 2019 (+14.6%), worst 2022 (−11.0%). 2026 is year to date.
GHYB annual returns table
| Year | GHYB | Largest drop | AGG | TLT | SPY |
|---|---|---|---|---|---|
| 2026YTD | −0.0% | −2.9% | −1.0% | −3.4% | +12.3% |
| 2025 | +9.4% | −4.7% | +7.2% | +4.3% | +17.7% |
| 2024 | +7.8% | −2.7% | +1.3% | −8.1% | +24.9% |
| 2023 | +12.1% | −4.9% | +5.7% | +2.8% | +26.2% |
| 2022 | −11.0% | −15.8% | −13.0% | −31.2% | −18.2% |
| 2021 | +3.2% | −2.5% | −1.8% | −4.6% | +28.7% |
| 2020 | +6.4% | −21.5% | +7.5% | +18.2% | +18.3% |
| 2019 | +14.6% | −1.6% | +8.5% | +14.1% | +31.2% |
| 2018 | −2.0% | −6.0% | +0.1% | −1.6% | −4.6% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
GHYB largest drawdowns
Now 2.5% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 20, 2020 | −21.5% | Mar 23, 2020 | Jul 27, 2020 | 32 days | 5 months |
| Dec 27, 2021 | −16.1% | Sep 27, 2022 | Dec 27, 2023 | 9 months | 2.0 years |
| Oct 3, 2018 | −6.0% | Dec 24, 2018 | Jan 30, 2019 | 3 months | 4 months |
Declines from a closing high (distributions reinvested) of 5% or more. Underwater = time from the peak until the old high was regained.
GHYB risk statistics
| Statistic | 3 years | 5 years | Since 2017 |
|---|---|---|---|
| Annualized return | +7.9% | +3.3% | +4.2% |
| Volatility (annualized) | 4.8% | 8.0% | 7.8% |
| Sharpe ratio | 0.72 | 0.00 | 0.25 |
| Sortino ratio | 1.22 | 0.00 | 0.35 |
| Best month | +4.6% | +6.7% | +6.7% |
| Worst month | −2.9% | −7.7% | −9.6% |
| Best 12 months | +15.8% | +15.8% | +19.6% |
| Worst 12 months | +0.6% | −15.0% | −15.0% |
| Positive months | 72% | 62% | 60% |
| Beta vs S&P 500 | 0.28 | 0.42 | — |
| Correlation with S&P 500 | 0.72 | 0.82 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
GHYB rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 98 | −15.0% | +6.9% | +19.6% | 83% |
| 3-year (a year) | 74 | −1.7% | +4.4% | +11.3% | 93% |
| 5-year (a year) | 50 | +0.8% | +3.7% | +6.1% | 100% |
Every holding period starting at a month-end since 2017. Returns for 3 years and longer are annualized.
GHYB performance overview
Goldman Sachs Access High Yield Corporate… (GHYB) returned +1.1% over the past year and +3.5% a year over five years, with distributions reinvested. Since its first recorded price in 2017 it has returned +4.2% a year, turning $10,000 into about $14,532. Over the same year U.S. bonds (AGG) returned −1.1%.
The deepest decline was −21.5%, from Feb 20, 2020 to Mar 23, 2020, and it took 4 months to get back to the old high. GHYB finished 6 of its 8 full calendar years with a gain; the best year was 2019 (+14.6%) and the worst 2022 (−11.0%). Volatility has been 7.8% a year.
Related: GHYB chart, GHYB dividends, GHYB bond profile. See the GHYB overview for the latest quote and fund facts.
GHYB performance FAQ
What is the GHYB return over the past year?
GHYB returned +1.1% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 5.3%.
What is the average annual return of GHYB?
GHYB has returned +3.5% a year over 5 years, +4.2% a year since September 7, 2017 (total return, distributions reinvested).
How much would $10,000 invested in GHYB be worth?
$10,000 invested in GHYB at its first recorded close on September 7, 2017 would be worth about $14,532 on October 23, 2026 with distributions reinvested.
What was the worst year for GHYB?
The worst calendar year was 2022, with a total return of −11.0%. The best was 2019 at +14.6%.
What is the biggest drawdown of GHYB?
The largest peak-to-trough decline was −21.5% between February 20, 2020 and March 23, 2020. It recovered to the old high on July 27, 2020, 4 months after the bottom.
How volatile is GHYB?
Over the past 3 years GHYB had an annualized volatility of 4.8% and a Sharpe ratio of 0.72 (excess return over 1–3 month T-bills per unit of risk).