FCSH vs. GSIG

Last updated Jul 14, 2026

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. Their correlation of 0.92 suggests significant overlap in exposure. FCSH charges 0.30%/yr vs 0.14%/yr for GSIG.

Performance

FCSH vs. GSIG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Federated Hermes Short Duration Corporate ETF (FCSH) and Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF (GSIG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FCSH

• 1D: -0.25%
• 1M: -0.23%
• 6M: 0.32%
• YTD: 0.38%
• 1Y: 3.26%
• 3Y*: 4.99%
• 5Y*: —
• 10Y*: —

GSIG

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FCSH vs. GSIG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
FCSH Federated Hermes Short Duration Corporate ETF	0.38%	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 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.78
Correlation (3Y) Calculated over the trailing 3-year period	0.90
Correlation (All Time) Calculated using the full available price history since Dec 17, 2021	0.92

The correlation between FCSH and GSIG shifts across timeframes, from 0.78 (1 year) to 0.92 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FCSH vs. GSIG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FCSH

FCSH Risk / Return Rank: 65
FCSH Sharpe Ratio Rank: 63
FCSH Sortino Ratio Rank: 69
FCSH Omega Ratio Rank: 66
FCSH Calmar Ratio Rank: 66
FCSH Martin Ratio Rank: 60

GSIG

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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 ratio: Return per unit of total volatility	1.65	—	—
Sortino ratio: Return per unit of downside risk	2.51	—	—
Omega ratio: Gain probability vs. loss probability	1.32	—	—
Calmar ratio: Return relative to maximum drawdown	2.63	—	—
Martin ratio: Return relative to average drawdown	8.34	—	—

Drawdowns

Drawdown Indicators

	FCSH	GSIG	Difference
Max Drawdown Largest peak-to-trough decline	-8.47%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-1.24%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-1.32%	—	—
Current Drawdown Current decline from peak	-0.76%	—	—
Average Drawdown Average peak-to-trough decline	-2.17%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	0.39%	—	—

Volatility

Volatility by Period

	FCSH	GSIG	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.61%	—	—
Volatility (6M) Calculated over the trailing 6-month period	1.62%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	1.99%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.88%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.88%	—	—

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%, more than GSIG's 4.00% 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	4.00%	4.61%	4.59%	3.51%	2.21%	1.04%	0.45%

Frequently Asked Questions

Can I hold both FCSH and GSIG in my portfolio?

FCSH and GSIG have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FCSH or GSIG?

On fees, GSIG is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FCSH or GSIG?

GSIG is cheaper with a 0.14% expense ratio, compared with 0.30% for FCSH.

Which ETF pays a higher dividend yield, FCSH or GSIG?

FCSH has the higher dividend yield at 4.09%, compared with 4.00% for GSIG.

What is the main difference between FCSH and GSIG?

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.