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Upturn AI SWOT - About
Goldman Sachs Access High Yield Corporate Bond ETF (GHYB)
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Upturn Advisory Summary
04/01/2025: GHYB (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
AI Based Fundamental Rating
Below Average Performance
These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.
Analysis of Past Performance
Type ETF | Historic Profit 4.18% | Avg. Invested days 62 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  2.0 | ETF Returns Performance  1.0 |
| Profits based on simulation | Last Close 04/01/2025 |
Key Highlights
Volume (30-day avg) 9004 | Beta 0.86 | 52 Weeks Range 40.13 - 44.77 | Updated Date 04/2/2025 |
52 Weeks Range 40.13 - 44.77 | Updated Date 04/2/2025 |
Upturn AI SWOT
Goldman Sachs Access High Yield Corporate Bond ETF
ETF Overview
Overview
The Goldman Sachs Access High Yield Corporate Bond ETF (GHYB) seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the ICE BofA US High Yield Index. It invests primarily in US dollar-denominated high yield corporate bonds.
Reputation and Reliability
Goldman Sachs Asset Management is a well-established and reputable global investment firm with a long history.
Management Expertise
Goldman Sachs has a team of experienced portfolio managers and analysts dedicated to fixed income investments.
Investment Objective
Goal
Seeks to provide investment results that closely correspond to the performance of the ICE BofA US High Yield Index.
Investment Approach and Strategy
Strategy: The ETF employs a replication strategy, investing in a portfolio of high yield corporate bonds to match the index's risk and return characteristics.
Composition Primarily holds US dollar-denominated high yield corporate bonds with varying maturities and credit ratings within the high yield spectrum.
Market Position
Market Share: Information not available to determine the market share of GHYB.
Total Net Assets (AUM): 1421700000
Competitors
Key Competitors
- HYG
- JNK
- SPHY
Competitive Landscape
The high yield corporate bond ETF market is competitive, with several established players. GHYB offers a low-cost option managed by a reputable firm like Goldman Sachs. Its smaller AUM compared to larger competitors may impact liquidity and tracking efficiency.
Financial Performance
Historical Performance: Historical financial performance data is available through investment analysis websites.
Benchmark Comparison: The ETF aims to closely track the ICE BofA US High Yield Index, so performance should be relatively similar, with deviations due to fees and expenses.
Expense Ratio: 0.35
Liquidity
Average Trading Volume
GHYB's average trading volume is moderate, which could affect ease of entry and exit for larger orders.
Bid-Ask Spread
The bid-ask spread is typically small, reflecting the ETF's liquidity, but can widen during periods of market volatility.
Market Dynamics
Market Environment Factors
Economic growth, interest rate levels, and credit spreads significantly impact the performance of high yield corporate bonds and therefore GHYB.
Growth Trajectory
The ETF's growth trajectory depends on investor demand for high yield exposure and the overall health of the corporate bond market; potential changes to strategy and holdings will be disclosed in fund documents.
Moat and Competitive Advantages
Competitive Edge
GHYB's competitive advantage lies in its low expense ratio compared to some competitors and the expertise of Goldman Sachs in managing fixed income assets. This combination appeals to cost-conscious investors seeking reputable management. However, it lacks the AUM and liquidity of larger peers like HYG and JNK. These lower expenses can translate to slightly higher returns over the long run, assuming similar tracking to the benchmark index.
Risk Analysis
Volatility
As a high yield bond ETF, GHYB is expected to exhibit higher volatility compared to investment-grade bond ETFs due to the credit risk associated with lower-rated corporate bonds.
Market Risk
GHYB is subject to market risk, including interest rate risk, credit risk, and liquidity risk, all inherent in the high yield corporate bond market.
Investor Profile
Ideal Investor Profile
The ideal investor for GHYB is one seeking income and capital appreciation through high yield corporate bonds, with a tolerance for moderate volatility and credit risk.
Market Risk
GHYB is suitable for long-term investors seeking diversification within their fixed income portfolio or active traders who want to express a view on the high yield market.
Summary
The Goldman Sachs Access High Yield Corporate Bond ETF provides exposure to the high yield corporate bond market through a low-cost fund managed by a reputable firm. While its AUM is smaller than competitors, the expense ratio and Goldman Sachs' expertise can be attractive. Investors should be aware of the inherent credit and interest rate risks associated with high yield bonds. The ETF is suitable for investors looking for income and willing to accept moderate volatility.
Similar Companies
- HYG
- JNK
- SPHY
- ANGL
- SJNK
Sources and Disclaimers
Data Sources:
- Goldman Sachs Asset Management
- ETF.com
- Morningstar
Disclaimers:
The data provided is for informational purposes only and should not be considered investment advice. Market share data and AUM values are estimates and may not be completely accurate.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Goldman Sachs Access High Yield Corporate Bond ETF
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
The fund seeks to achieve its investment objective by investing at least 80% of its assets (exclusive of collateral held from securities lending) in securities included in its underlying index. The index is based on the FTSE US High-Yield Market Index (the "Reference Index") using concepts developed with GSAM.
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