GBIL vs. GSY
Compare and contrast key facts about Goldman Sachs Access Treasury 0-1 Year ETF (GBIL) and Invesco Ultra Short Duration ETF (GSY).
GBIL and GSY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GBIL is a passively managed fund by Goldman Sachs that tracks the performance of the FTSE US Treasury 0-1 Year Composite Select Index. It was launched on Sep 6, 2016. 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: GBIL or GSY.
Key characteristics
| GBIL | GSY | |
|---|---|---|
| YTD Return | 1.71% | 1.93% |
| 1Y Return | 5.15% | 6.01% |
| 3Y Return (Ann) | 2.52% | 2.61% |
| 5Y Return (Ann) | 1.96% | 2.41% |
| Sharpe Ratio | 4.63 | 9.23 |
| Daily Std Dev | 1.11% | 0.65% |
| Max Drawdown | -0.76% | -12.14% |
| Current Drawdown | -0.26% | 0.00% |
Correlation
The correlation between GBIL and GSY is 0.19, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
GBIL vs. GSY - Performance Comparison
In the year-to-date period, GBIL achieves a 1.71% return, which is significantly lower than GSY's 1.93% 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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GBIL vs. GSY - Expense Ratio Comparison
GBIL has a 0.12% expense ratio, which is lower than GSY's 0.22% 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%.
Risk-Adjusted Performance
GBIL vs. GSY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Access Treasury 0-1 Year ETF (GBIL) 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
GBIL vs. GSY - Dividend Comparison
GBIL's dividend yield for the trailing twelve months is around 5.06%, less than GSY's 5.44% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GBIL Goldman Sachs Access Treasury 0-1 Year ETF | 5.06% | 4.77% | 1.37% | 0.00% | 0.81% | 2.20% | 1.70% | 0.74% | 0.11% | 0.00% | 0.00% | 0.00% |
GSY Invesco Ultra Short Duration ETF | 5.44% | 4.95% | 1.70% | 0.58% | 1.60% | 2.92% | 2.43% | 2.02% | 1.30% | 1.17% | 1.29% | 1.14% |
Drawdowns
GBIL vs. GSY - Drawdown Comparison
The maximum GBIL drawdown since its inception was -0.76%, smaller than the maximum GSY drawdown of -12.14%. Use the drawdown chart below to compare losses from any high point for GBIL and GSY. For additional features, visit the drawdowns tool.
Volatility
GBIL vs. GSY - Volatility Comparison
The current volatility for Goldman Sachs Access Treasury 0-1 Year ETF (GBIL) is 0.08%, while Invesco Ultra Short Duration ETF (GSY) has a volatility of 0.19%. This indicates that GBIL experiences smaller price fluctuations and is considered to be less risky than GSY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.