CGSD vs. GSY
Compare and contrast key facts about Capital Group Short Duration Income ETF (CGSD) and Invesco Ultra Short Duration ETF (GSY).
CGSD and GSY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CGSD is an actively managed fund by Capital Group. It was launched on Oct 25, 2022. GSY is an actively managed fund by Invesco. It was launched on Feb 12, 2008.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CGSD or GSY.
Key characteristics
| CGSD | GSY | |
|---|---|---|
| YTD Return | 4.59% | 5.22% |
| 1Y Return | 6.49% | 6.52% |
| Sharpe Ratio | 3.15 | 10.82 |
| Sortino Ratio | 4.98 | 27.41 |
| Omega Ratio | 1.66 | 6.21 |
| Calmar Ratio | 7.76 | 66.65 |
| Martin Ratio | 22.40 | 340.86 |
| Ulcer Index | 0.31% | 0.02% |
| Daily Std Dev | 2.22% | 0.62% |
| Max Drawdown | -1.75% | -12.14% |
| Current Drawdown | -0.67% | 0.00% |
Correlation
The correlation between CGSD and GSY is 0.64, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
CGSD vs. GSY - Performance Comparison
In the year-to-date period, CGSD achieves a 4.59% return, which is significantly lower than GSY's 5.22% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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CGSD vs. GSY - Expense Ratio Comparison
CGSD has a 0.25% expense ratio, which is higher than GSY's 0.22% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
CGSD vs. GSY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Capital Group Short Duration Income ETF (CGSD) and Invesco Ultra Short Duration ETF (GSY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
CGSD vs. GSY - Dividend Comparison
CGSD's dividend yield for the trailing twelve months is around 4.60%, less than GSY's 5.65% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CGSD Capital Group Short Duration Income ETF | 4.60% | 4.44% | 0.64% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
GSY Invesco Ultra Short Duration ETF | 5.65% | 4.95% | 1.70% | 0.58% | 1.60% | 2.91% | 2.42% | 2.02% | 1.30% | 1.17% | 1.29% | 1.15% |
Drawdowns
CGSD vs. GSY - Drawdown Comparison
The maximum CGSD drawdown since its inception was -1.75%, smaller than the maximum GSY drawdown of -12.14%. Use the drawdown chart below to compare losses from any high point for CGSD and GSY. For additional features, visit the drawdowns tool.
Volatility
CGSD vs. GSY - Volatility Comparison
Capital Group Short Duration Income ETF (CGSD) has a higher volatility of 0.48% compared to Invesco Ultra Short Duration ETF (GSY) at 0.13%. This indicates that CGSD's price experiences larger fluctuations and is considered to be riskier than GSY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.