- ISIN
- US3814302309
- CUSIP
- 381430230
- Issuer
- Goldman Sachs
- Inception Date
- Apr 15, 2019
- Region
- North America (U.S.)
- Category
- Ultrashort Bond
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $2B
Share Price Chart
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Performance
GSST Performance Chart
Goldman Sachs Ultra Short Bond ETF (GSST) is up 1.7% since the beginning of the year. GSST is currently trading at $51 per share. Investors who bought $1,000 worth of GSST shares 5 years ago would now be looking at an investment worth $1,204.
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Returns By Period
Goldman Sachs Ultra Short Bond ETF (GSST) has returned 1.72% so far this year and 4.49% over the past 12 months.
Goldman Sachs Ultra Short Bond ETF
- 1D
- -0.02%
- 1M
- 0.30%
- YTD
- 1.72%
- 6M
- 1.81%
- 1Y
- 4.49%
- 3Y*
- 5.48%
- 5Y*
- 3.79%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
GSST Monthly Returns History
Based on dividend-adjusted daily data since Apr 17, 2019, GSST's average daily return is +0.01%, while the average monthly return is +0.27%. At this rate, an investment would double in approximately 21.4 years.
Historically, 84% of months were positive and 16% were negative. The best month was Apr 2020 with a return of +1.3%, while the worst month was Mar 2020 at -2.4%. The longest winning streak lasted 44 consecutive months, and the longest losing streak was 10 months.
On a daily basis, GSST closed higher 59% of trading days. The best single day was Mar 30, 2020 with a return of +0.4%, while the worst single day was Mar 18, 2020 at -0.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.37% | 0.35% | 0.04% | 0.44% | 0.29% | 0.22% | 1.72% | ||||||
| 2025 | 0.62% | 0.46% | 0.31% | 0.33% | 0.34% | 0.53% | 0.37% | 0.55% | 0.47% | 0.36% | 0.37% | 0.38% | 5.20% |
| 2024 | 0.62% | 0.32% | 0.57% | 0.28% | 0.58% | 0.51% | 0.65% | 0.74% | 0.53% | 0.21% | 0.45% | 0.39% | 6.01% |
| 2023 | 0.78% | 0.33% | 0.37% | 0.42% | 0.31% | 0.38% | 0.55% | 0.50% | 0.34% | 0.34% | 0.83% | 0.79% | 6.08% |
| 2022 | -0.06% | -0.15% | -0.29% | -0.08% | -0.07% | -0.26% | 0.19% | 0.29% | -0.28% | -0.02% | 0.43% | 0.45% | 0.13% |
| 2021 | 0.04% | 0.00% | 0.00% | 0.04% | 0.02% | 0.04% | 0.05% | 0.02% | -0.03% | -0.04% | -0.01% | -0.07% | 0.05% |
Benchmark Metrics
Goldman Sachs Ultra Short Bond ETF has an annualized alpha of 3.23%, beta of 0.00, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since April 17, 2019.
- This ETF captured 7.04% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -3.58%) - a profile typical of hedging or uncorrelated assets.
- Beta of 0.00 may look defensive, but with R2 of 0.00 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.00 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 3.23%
- Beta
- 0.00
- R²
- 0.00
- Upside Capture
- 7.04%
- Downside Capture
- -3.58%
Expense Ratio
GSST has an expense ratio of 0.16%, which is considered low.
Return for Risk
Risk / Return Rank
GSST ranks 99 for risk / return — in the top 99% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Goldman Sachs Ultra Short Bond ETF (GSST) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| GSST | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +5.65 | ||
| Sortino ratioReturn per unit of downside risk | +13.18 | ||
| Omega ratioGain probability vs. loss probability | 3.76 | 1.37 | +2.39 |
| Calmar ratioReturn relative to maximum drawdown | 29.18 | 2.78 | +26.39 |
| Martin ratioReturn relative to average drawdown | 179.40 | 12.44 | +166.96 |
Dividends
Dividend History
Goldman Sachs Ultra Short Bond ETF provided a 4.31% dividend yield over the last twelve months, with an annual payout of $2.18 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $2.18 | $2.30 | $2.74 | $2.49 | $0.98 | $0.36 | $0.57 | $0.84 |
Dividend yield | 4.31% | 4.56% | 5.45% | 4.98% | 1.97% | 0.71% | 1.12% | 1.66% |
Monthly Dividends
The table displays the monthly dividend distributions for Goldman Sachs Ultra Short Bond ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.14 | $0.16 | $0.18 | $0.17 | $0.17 | $0.82 | ||||||
| 2025 | $0.00 | $0.18 | $0.18 | $0.19 | $0.20 | $0.19 | $0.19 | $0.19 | $0.18 | $0.23 | $0.18 | $0.38 | $2.30 |
| 2024 | $0.00 | $0.20 | $0.21 | $0.21 | $0.24 | $0.23 | $0.21 | $0.25 | $0.23 | $0.28 | $0.23 | $0.45 | $2.74 |
| 2023 | $0.00 | $0.18 | $0.17 | $0.20 | $0.20 | $0.19 | $0.22 | $0.21 | $0.22 | $0.20 | $0.22 | $0.48 | $2.49 |
| 2022 | $0.00 | $0.01 | $0.02 | $0.03 | $0.04 | $0.05 | $0.07 | $0.08 | $0.11 | $0.12 | $0.13 | $0.32 | $0.98 |
| 2021 | $0.00 | $0.01 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.08 | $0.36 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Goldman Sachs Ultra Short Bond ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Goldman Sachs Ultra Short Bond ETF was 3.51%, occurring on Mar 25, 2020. Recovery took 66 trading sessions.
The current Goldman Sachs Ultra Short Bond ETF drawdown is 0.02%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -3.51%Mar 2020 | 20d | 3mo 6d | 3mo 26dMar 2020 - Jun 2020 |
Bear market2022 | -1.19%Jun 2022 | 8mo 19d | 6mo 18d | 1y 3moOct 2021 - Jan 2023 |
2025 selloff2025 | -0.25%Apr 2025 | 0s | 13d | 13dApr 2025 - Apr 2025 |
2023 pullback2023 | -0.24%Mar 2023 | 1d | 8d | 9dMar 2023 - Mar 2023 |
2025 selloff2025 | -0.24%Apr 2025 | 5d | 1d | 6dApr 2025 - Apr 2025 |
Drawdown Indicators
| GSST | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.51% | -56.78% | +53.27% |
Max Drawdown (1Y)Largest decline over 1 year | -0.15% | -9.10% | +8.95% |
Max Drawdown (3Y)Largest decline over 3 years | -0.25% | -18.90% | +18.65% |
Max Drawdown (5Y)Largest decline over 5 years | -1.19% | -25.43% | +24.24% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.02% | -1.80% | +1.78% |
Average DrawdownAverage peak-to-trough decline | -0.16% | -10.71% | +10.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.03% | 2.03% | -2.00% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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