FTRB vs GIGB: Grades, Fees and Holdings Compared

Federated Hermes Total Return Bond ETF

FTRBCNYSE Arca

Goldman Sachs Access Investment Grade Corporate Bond ETF

GIGBANYSE Arca

Overlap

No data

Expense ratio

GIGB −0.31pt a year

FTRB0.39%GIGB0.08%

Avg volume · 30D

FTRB 2.7×the volume

FTRB226KGIGB83.7K

FTRB vs GIGB Performance

Oct 31, 2025 – Oct 30, 2026

0.0%FTRB−0.5%GIGB

Expense ratio: FTRB 0.39%; GIGB 0.08%, better
Fund size: FTRB $724M; GIGB $1.04B
1Y total return: FTRB 0.0%, better; GIGB −0.5%
Yield (12M): FTRB 4.77%; GIGB 4.77%
Holdings: FTRB 695; GIGB 2719
Avg volume (30D): FTRB 226K sh, better; GIGB 83.7K sh
NAV per share: FTRB $24.43; GIGB $44.25
52W range

ETF.net Grade

Pillar letters and Scores for FTRB, GIGB, with each pillar’s weight
Pillar	FTRB	GIGB
Cost30% weight	F20	A94Higher
Mission25% weight	A93	A100Higher
Risk15% weight	C43	C54Higher
Tradability15% weight	B68Higher	C45
Holdings10% weight	F19	A87Higher
Durability5% weight	C52	A74Higher

Rank among Investment Grade Corporate funds

How we build Categories ›

Same Category. FTRB and GIGB are both graded against the same 49 Investment Grade Corporate funds, so their Grades compare head to head.

Investment Grade Corporate⁠

Category · 49 funds

See all 49 ›

GIGB ranks 4th and FTRB 35th of 49 funds in the Investment Grade Corporate Category.

Rank 1AUSIGiShares Broad USD Investment Grade Corporate Bond ETFScore 90
Rank 2ASPBOState Street SPDR Portfolio Corporate Bond ETFScore 89
Rank 3AVTCVanguard Total Corporate Bond ETFScore 83
Rank 4AGIGBGoldman Sachs Access Investment Grade Corporate Bond ETFScore 80
Rank 4AQLTAiShares Aaa - A Rated Corporate Bond ETFScore 80
Rank 33CJLQDJanus Henderson Corporate Bond ETFScore 51
Rank 35CFTRBFederated Hermes Total Return Bond ETFScore 50
Rank 36CEYEGAB Corporate Bond ETFScore 48

Our read on each fund

ETF.net Research

FTRBCFederated Hermes Total Return Bond ETF

GIGBAGoldman Sachs Access Investment Grade Corporate Bond ETF

In short

FTRB An ETF wrapper on Federated Hermes' long-running multi-sector bond strategy: an investment-grade core measured against the Bloomberg US Aggregate, with license to roam into high yield and foreign debt. Active, not an index tracker.

GIGB Most investment-grade corporate bond funds just buy the biggest borrowers. Goldman's index screens the market on liquidity and fundamentals first, then spreads the money across roughly 1,600 bonds for 0.08% a year.

Stated mandate

FTRB The Fund seeks total return by investing primarily in U.S.-dollar-denominated, investment-grade fixed-income securities.

GIGB The Fund seeks to track the FTSE Goldman Sachs Investment Grade Corporate Bond Index, which measures U.S.-dollar-denominated investment-grade corporate bonds meeting liquidity and fundamental screening criteria.

Why people hold it

FTRB Truly active mandate: primarily US dollar investment-grade bonds, with room for up to 25% of assets in below-investment-grade debt when managers like the risk-reward.sec.gov
Benchmarked to the Bloomberg US Aggregate, so the stance is broad core bond, not a corporates-only slice. Roughly 700 holdings.federatedhermes.com
Pays income monthly, and the portfolio has stayed closely aligned with the investment-grade mandate its prospectus advertises.

GIGB Costs 0.08% a year, well under the typical investment-grade corporate bond ETF's 0.19%.
The index screens US dollar investment-grade corporates for liquidity and fundamentals rather than simply following who borrowed the most.gsam.com
Tracks that index about as tightly as passive bond funds get, and holds roughly 1,600 bonds so no single issuer carries the load.
Pays monthly, matching how corporate bond coupons tend to land in a portfolio.

Worth knowing

FTRB 0.39% net of a waiver through September 1, 2027 (0.50% gross), above the category median. Index peers SPBO (0.03%) and USIG (0.04%) charge a fraction of that.
That 25% junk sleeve, plus non-dollar and emerging market bonds, brings credit and currency risk the plain index peers do not carry.sec.gov
Launched in 2024 and only moderately traded, so spreads can widen; limit orders are the usual answer.

GIGB Cheap, but not the cheapest shelf: VCIT, USIG and SPIB run at 0.03% to 0.04%. You are paying a few basis points for the screening.
Broad-maturity corporate credit moves on two levers, interest rates and credit spreads, so it swings more than short-dated bond funds.
A mid-sized, moderately traded fund rather than a giant, so trading spreads can run wider than the largest names in the category.

Full FTRB profile⁠

Full GIGB profile⁠

FTRB vs GIGB Holdings

How FTRB and GIGB differ

No overlap figure

Two bond funds rarely hold the same issues.

Level by level

Countryby domicile87.2%
Asset classFixed Income100%

Sector

No Sector split for FTRB and GIGB.

Country, concentration and asset class

Country by domicile

Country weights in FTRB and GIGB, widest gap first
Country	More in FTRBMore in GIGB	FTRB	GIGB
United States	FTRB +12.7 points	98.5%	85.8%
Canada	GIGB +3.7 points	0.2%	3.9%
United Kingdom	GIGB +2.9 points	0.3%	3.2%
Japan	GIGB +2.2 points	0.0%	2.2%
Spain	GIGB +0.8 points	0.0%	0.8%
Australia	GIGB +0.6 points	0.1%	0.7%
Netherlands	GIGB +0.6 points	0.2%	0.8%
Other countries (17)	GIGB +2.1 points	0.6%	2.7%

Concentration

Weight in the 10 largest Holdings

FTRB58.1%
GIGB2.3%

Securities held

FTRB690
GIGB2,717

Asset class

FTRB: Fixed Income
GIGB: Fixed Income

Holdings

Two bond funds rarely hold the same issues, so this page lists no shared Holdings. FTRB holds 690 securities, GIGB 2,717.

All 691 FTRB holdings⁠All 2,717 GIGB holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

FTRB vs GIGB Cost

Overpaying FTRB vs GIGB

$6,209

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

FTRB 0.39%
$7,898
GIGB 0.08%
$1,689

Amount$10,000

Years30 years

Cost over time

FTRB 0.39%
GIGB 0.08%
Overpaying

Year by year

Year	FTRB	GIGB	Overpaying
10	$705	$147	$558
20	$2,725	$575	$2,150
30	$7,898	$1,689	$6,209

Expense ratio

0.39%FTRB
0.08%GIGB, cheaper

GIGB0.08%FTRB0.39%

0.03%0.53%

Middle half of Investment Grade Corporate funds
Median 0.25%

GIGB 4th cheapest of 49 funds

FTRB 39th cheapest of 49 funds

FTRB vs GIGB Dividends

Last 12 months to Oct 30, 2026

Yield (12M): FTRB 4.77%; GIGB 4.77%
Payout (12M): FTRB $1.16; GIGB $2.12
Last payment: FTRB $0.10; GIGB $0.18
Ex-dividend: FTRB Oct 30, 2026; GIGB Oct 1, 2026
Paid on: FTRB Pays Nov 2, 2026; GIGB Oct 7, 2026
Frequency: FTRB Monthly; GIGB Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

FTRBMonthly · 34 paymentsAll FTRB payments⁠

GIGBMonthly · 45 paymentsAll GIGB payments⁠

FTRB vs GIGB Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: FTRB 4.7%since Feb 2024GIGB 6.5%
Return per unit of riskSharpe ratio, 3 years: FTRB −0.20since Feb 2024GIGB 0.30
Worst fallMax drawdown, 5 years: FTRB −4.8%since Jan 2024GIGB −21.9%
Market sensitivityBeta, 5 years: FTRB 0.12GIGB 1.04; Market = 1

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