FLTR vs. GSST
FLTR (VanEck Vectors Investment Grade Floating Rate ETF) and GSST (Goldman Sachs Ultra Short Bond ETF) are both exchange-traded funds - FLTR is a Corporate Bonds fund tracking the MVIS US Investment Grade Floating Rate Index, while GSST is a Ultrashort Bond fund actively managed by Goldman Sachs. FLTR is passively managed, while GSST is actively managed. Over the past 5 years, FLTR returned 4.50%/yr vs 3.77%/yr for GSST. At a 0.09 correlation, their price movements are largely independent. FLTR charges 0.14%/yr vs 0.16%/yr for GSST.
Performance
FLTR vs. GSST - Performance Comparison
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Returns By Period
In the year-to-date period, FLTR achieves a 2.03% return, which is significantly higher than GSST's 1.66% return.
FLTR
- 1D
- -0.04%
- 1M
- 0.46%
- YTD
- 2.03%
- 6M
- 2.40%
- 1Y
- 5.30%
- 3Y*
- 6.10%
- 5Y*
- 4.50%
- 10Y*
- 3.51%
GSST
- 1D
- 0.00%
- 1M
- 0.31%
- YTD
- 1.66%
- 6M
- 1.89%
- 1Y
- 4.57%
- 3Y*
- 5.52%
- 5Y*
- 3.77%
- 10Y*
- —
FLTR vs. GSST - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FLTR VanEck Vectors Investment Grade Floating Rate ETF | 2.03% | 5.22% | 7.38% | 7.41% | 0.74% | 0.55% | 1.44% | 2.71% |
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 FLTR and GSST is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Apr 17, 2019 | 0.09 |
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Return for Risk
FLTR vs. GSST — Risk / Return Rank
FLTR
GSST
FLTR vs. GSST - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Investment Grade Floating Rate ETF (FLTR) 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.
| FLTR | GSST | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.19 | ||
| Sortino ratioReturn per unit of downside risk | -3.83 | ||
| Omega ratioGain probability vs. loss probability | 3.13 | 3.93 | -0.80 |
| Calmar ratioReturn relative to maximum drawdown | 16.83 | 29.85 | -13.03 |
| Martin ratioReturn relative to average drawdown | 100.54 | 184.69 | -84.15 |
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Drawdowns
FLTR vs. GSST - Drawdown Comparison
The maximum FLTR drawdown since its inception was -17.84%, which is greater than GSST's maximum drawdown of -3.51%. Use the drawdown chart below to compare losses from any high point for FLTR and GSST.
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Drawdown Indicators
| FLTR | GSST | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.84% | -3.51% | -14.33% |
Max Drawdown (1Y)Largest decline over 1 year | -0.31% | -0.15% | -0.16% |
Max Drawdown (3Y)Largest decline over 3 years | -1.93% | -0.25% | -1.68% |
Max Drawdown (5Y)Largest decline over 5 years | -3.06% | -1.19% | -1.87% |
Max Drawdown (10Y)Largest decline over 10 years | -17.84% | — | — |
Current DrawdownCurrent decline from peak | -0.04% | 0.00% | -0.04% |
Average DrawdownAverage peak-to-trough decline | -0.67% | -0.16% | -0.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.05% | 0.02% | +0.03% |
Volatility
FLTR vs. GSST - Volatility Comparison
VanEck Vectors Investment Grade Floating Rate ETF (FLTR) has a higher volatility of 0.26% compared to Goldman Sachs Ultra Short Bond ETF (GSST) at 0.13%. This indicates that FLTR'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
| FLTR | GSST | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.26% | 0.13% | +0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 0.63% | 0.41% | +0.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.78% | 0.58% | +0.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.13% | 0.63% | +1.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.00% | 0.86% | +4.14% |
FLTR vs. GSST - Expense Ratio Comparison
FLTR has a 0.14% 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
FLTR vs. GSST - Dividend Comparison
FLTR's dividend yield for the trailing twelve months is around 4.72%, more than GSST's 4.31% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLTR VanEck Vectors Investment Grade Floating Rate ETF | 4.72% | 4.97% | 5.93% | 6.07% | 2.29% | 0.63% | 1.49% | 3.05% | 2.67% | 1.69% | 1.16% | 0.71% |
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% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FLTR and GSST have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FLTR has higher volatility (0.26%) compared to GSST (0.13%). In terms of maximum drawdown, FLTR dropped -17.84% vs GSST's -3.51%.
On 5-year performance, FLTR leads with 4.50% vs 3.77% for GSST. On fees, FLTR is cheaper at 0.14% per year. On volatility, GSST has been the lower-risk option at 0.13%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, FLTR has performed better with a 4.50% return vs 3.77%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FLTR is cheaper with a 0.14% expense ratio, compared with 0.16% for GSST.
FLTR has the higher dividend yield at 4.72%, compared with 4.31% for GSST.
FLTR is categorized as Corporate Bonds, while GSST is Ultrashort Bond. They also come from different issuers: VanEck and Goldman Sachs. Their fees differ too: 0.14% for FLTR and 0.16% for GSST.
GSST currently has the higher Sharpe Ratio (7.94 vs 6.75), 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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