FLDR vs. GSST
FLDR (Fidelity Low Duration Bond Factor ETF) and GSST (Goldman Sachs Ultra Short Bond ETF) are both exchange-traded funds - FLDR is a Corporate Bonds fund tracking the Fidelity Low Duration Investment Grade Factor Index, while GSST is a Ultrashort Bond fund actively managed by Goldman Sachs. FLDR is passively managed, while GSST is actively managed. Over the past 5 years, FLDR returned 3.70%/yr vs 3.77%/yr for GSST. At a 0.31 correlation, their price movements are largely independent. FLDR charges 0.15%/yr vs 0.16%/yr for GSST.
Performance
FLDR vs. GSST - Performance Comparison
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Returns By Period
In the year-to-date period, FLDR achieves a 1.58% return, which is significantly lower than GSST's 1.66% return.
FLDR
- 1D
- 0.06%
- 1M
- 0.43%
- YTD
- 1.58%
- 6M
- 1.88%
- 1Y
- 4.76%
- 3Y*
- 5.36%
- 5Y*
- 3.70%
- 10Y*
- —
GSST
- 1D
- 0.00%
- 1M
- 0.31%
- YTD
- 1.66%
- 6M
- 1.89%
- 1Y
- 4.57%
- 3Y*
- 5.52%
- 5Y*
- 3.77%
- 10Y*
- —
FLDR vs. GSST - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FLDR Fidelity Low Duration Bond Factor ETF | 1.58% | 5.41% | 5.71% | 6.32% | -0.33% | -0.18% | 2.01% | 2.67% |
GSST Goldman Sachs Ultra Short Bond ETF | 1.66% | 5.20% | 6.01% | 6.08% | 0.13% | 0.05% | 1.74% | 2.64% |
Correlation
The correlation between FLDR and GSST is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Apr 17, 2019 | 0.31 |
The correlation between FLDR and GSST shifts across timeframes, from 0.28 (1 year) to 0.40 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
FLDR vs. GSST — Risk / Return Rank
FLDR
GSST
FLDR vs. GSST - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Low Duration Bond Factor ETF (FLDR) and Goldman Sachs Ultra Short Bond ETF (GSST). 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.
| FLDR | GSST | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.04 | ||
| Sortino ratioReturn per unit of downside risk | -6.52 | ||
| Omega ratioGain probability vs. loss probability | 2.73 | 3.93 | -1.20 |
| Calmar ratioReturn relative to maximum drawdown | 10.19 | 29.85 | -19.66 |
| Martin ratioReturn relative to average drawdown | 69.63 | 184.69 | -115.07 |
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Drawdowns
FLDR vs. GSST - Drawdown Comparison
The maximum FLDR drawdown since its inception was -12.23%, which is greater than GSST's maximum drawdown of -3.51%. Use the drawdown chart below to compare losses from any high point for FLDR and GSST.
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Drawdown Indicators
| FLDR | GSST | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.23% | -3.51% | -8.72% |
Max Drawdown (1Y)Largest decline over 1 year | -0.47% | -0.15% | -0.32% |
Max Drawdown (3Y)Largest decline over 3 years | -0.76% | -0.25% | -0.51% |
Max Drawdown (5Y)Largest decline over 5 years | -2.33% | -1.19% | -1.14% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -0.35% | -0.16% | -0.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.07% | 0.02% | +0.05% |
Volatility
FLDR vs. GSST - Volatility Comparison
Fidelity Low Duration Bond Factor ETF (FLDR) has a higher volatility of 0.20% compared to Goldman Sachs Ultra Short Bond ETF (GSST) at 0.13%. This indicates that FLDR's price experiences larger fluctuations and is considered to be riskier than GSST based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLDR | GSST | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.20% | 0.13% | +0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 0.59% | 0.41% | +0.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.81% | 0.58% | +0.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.21% | 0.63% | +0.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.25% | 0.86% | +4.39% |
FLDR vs. GSST - Expense Ratio Comparison
FLDR has a 0.15% expense ratio, which is lower than GSST's 0.16% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
FLDR vs. GSST - Dividend Comparison
FLDR's dividend yield for the trailing twelve months is around 4.42%, more than GSST's 4.31% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
FLDR Fidelity Low Duration Bond Factor ETF | 4.42% | 4.66% | 5.50% | 5.28% | 2.09% | 0.51% | 1.22% | 2.69% | 1.38% |
GSST Goldman Sachs Ultra Short Bond ETF | 4.31% | 4.56% | 5.45% | 4.98% | 1.97% | 0.71% | 1.12% | 1.66% | 0.00% |
Frequently Asked Questions
FLDR and GSST have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FLDR has higher volatility (0.20%) compared to GSST (0.13%). In terms of maximum drawdown, FLDR dropped -12.23% vs GSST's -3.51%.
On 5-year performance, GSST leads with 3.77% vs 3.70% for FLDR. On fees, FLDR is cheaper at 0.15% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, GSST has performed better with a 3.77% return vs 3.70%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FLDR is cheaper with a 0.15% expense ratio, compared with 0.16% for GSST.
FLDR has the higher dividend yield at 4.42%, compared with 4.31% for GSST.
FLDR is categorized as Corporate Bonds, while GSST is Ultrashort Bond. They also come from different issuers: Fidelity and Goldman Sachs. Their fees differ too: 0.15% for FLDR and 0.16% for GSST.
GSST currently has the higher Sharpe Ratio (7.94 vs 5.90), 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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