FCSH vs. GSIG
FCSH (Federated Hermes Short Duration Corporate ETF) and GSIG (Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF) are both exchange-traded funds - FCSH is a Short-Term Bond fund actively managed by Federated, while GSIG is a Corporate Bonds fund tracking the FTSE Goldman Sachs US Investment-Grade Corporate Bond 1-5 Years Index. FCSH is actively managed, while GSIG is passively managed. Over the past 3 years, FCSH returned 5.10%/yr vs 5.39%/yr for GSIG. Their correlation of 0.93 suggests significant overlap in exposure. FCSH charges 0.30%/yr vs 0.14%/yr for GSIG.
Performance
FCSH vs. GSIG - Performance Comparison
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Returns By Period
In the year-to-date period, FCSH achieves a 0.40% return, which is significantly lower than GSIG's 0.68% return.
FCSH
- 1D
- -0.14%
- 1M
- -0.07%
- YTD
- 0.40%
- 6M
- 0.63%
- 1Y
- 3.64%
- 3Y*
- 5.10%
- 5Y*
- —
- 10Y*
- —
GSIG
- 1D
- 0.01%
- 1M
- 0.20%
- YTD
- 0.68%
- 6M
- 0.89%
- 1Y
- 4.17%
- 3Y*
- 5.39%
- 5Y*
- 2.18%
- 10Y*
- —
FCSH vs. GSIG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FCSH Federated Hermes Short Duration Corporate ETF | 0.40% | 6.42% | 4.66% | 5.45% | -5.87% | 0.08% |
GSIG Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF | 0.68% | 6.69% | 4.72% | 6.06% | -5.80% | 0.02% |
Correlation
The correlation between FCSH and GSIG is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Dec 17, 2021 | 0.93 |
The correlation between FCSH and GSIG shifts across timeframes, from 0.82 (1 year) to 0.93 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FCSH vs. GSIG — Risk / Return Rank
FCSH
GSIG
FCSH vs. GSIG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Federated Hermes Short Duration Corporate ETF (FCSH) and Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF (GSIG). 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.
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.
| FCSH | GSIG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.64 | ||
| Sortino ratioReturn per unit of downside risk | -1.00 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.50 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 2.94 | 3.13 | -0.19 |
| Martin ratioReturn relative to average drawdown | 9.62 | 12.77 | -3.15 |
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Drawdowns
FCSH vs. GSIG - Drawdown Comparison
The maximum FCSH drawdown since its inception was -8.47%, smaller than the maximum GSIG drawdown of -9.57%. Use the drawdown chart below to compare losses from any high point for FCSH and GSIG.
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Drawdown Indicators
| FCSH | GSIG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.47% | -9.57% | +1.10% |
Max Drawdown (1Y)Largest decline over 1 year | -1.24% | -1.46% | +0.22% |
Max Drawdown (3Y)Largest decline over 3 years | -1.32% | -1.46% | +0.14% |
Max Drawdown (5Y)Largest decline over 5 years | — | -9.57% | — |
Current DrawdownCurrent decline from peak | -0.74% | -0.31% | -0.43% |
Average DrawdownAverage peak-to-trough decline | -2.19% | -2.10% | -0.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.38% | 0.36% | +0.02% |
Volatility
FCSH vs. GSIG - Volatility Comparison
Federated Hermes Short Duration Corporate ETF (FCSH) has a higher volatility of 0.65% compared to Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF (GSIG) at 0.57%. This indicates that FCSH's price experiences larger fluctuations and is considered to be riskier than GSIG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FCSH | GSIG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.65% | 0.57% | +0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 1.58% | 1.35% | +0.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.99% | 1.84% | +0.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.89% | 2.89% | 0.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.89% | 2.71% | +0.18% |
FCSH vs. GSIG - Expense Ratio Comparison
FCSH has a 0.30% expense ratio, which is higher than GSIG's 0.14% expense ratio.
Dividends
FCSH vs. GSIG - Dividend Comparison
FCSH's dividend yield for the trailing twelve months is around 4.09%, less than GSIG's 4.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
FCSH Federated Hermes Short Duration Corporate ETF | 4.09% | 4.14% | 4.44% | 2.31% | 1.76% | 0.04% | 0.00% |
GSIG Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF | 4.34% | 4.61% | 4.59% | 3.51% | 2.21% | 1.04% | 0.45% |
Frequently Asked Questions
FCSH and GSIG have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FCSH has higher volatility (0.65%) compared to GSIG (0.57%). In terms of maximum drawdown, FCSH dropped -8.47% vs GSIG's -9.57%.
On 3-year performance, GSIG leads with 5.39% vs 5.10% for FCSH. On fees, GSIG is cheaper at 0.14% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, GSIG has performed better with a 5.39% return vs 5.10%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GSIG is cheaper with a 0.14% expense ratio, compared with 0.30% for FCSH.
GSIG has the higher dividend yield at 4.34%, compared with 4.09% for FCSH.
FCSH is categorized as Short-Term Bond, while GSIG is Corporate Bonds. They also come from different issuers: Federated and Goldman Sachs. Their fees differ too: 0.30% for FCSH and 0.14% for GSIG.
GSIG currently has the higher Sharpe Ratio (2.48 vs 1.84), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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