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GBIL vs. GSY
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

GBIL vs. GSY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs Access Treasury 0-1 Year ETF (GBIL) and Invesco Ultra Short Duration ETF (GSY). The values are adjusted to include any dividend payments, if applicable.

14.00%16.00%18.00%20.00%22.00%24.00%JuneJulyAugustSeptemberOctoberNovember
17.15%
23.81%
GBIL
GSY

Returns By Period

In the year-to-date period, GBIL achieves a 4.54% return, which is significantly lower than GSY's 5.24% return.


GBIL

YTD

4.54%

1M

0.35%

6M

2.61%

1Y

5.25%

5Y (annualized)

2.26%

10Y (annualized)

N/A

GSY

YTD

5.24%

1M

0.33%

6M

3.07%

1Y

6.50%

5Y (annualized)

2.70%

10Y (annualized)

2.40%

Key characteristics


GBILGSY
Sharpe Ratio4.7510.94
Sortino Ratio6.8227.64
Omega Ratio6.646.28
Calmar Ratio7.0065.90
Martin Ratio29.80340.82
Ulcer Index0.18%0.02%
Daily Std Dev1.11%0.60%
Max Drawdown-0.76%-12.14%
Current Drawdown0.00%0.00%

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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%.


GSY
Invesco Ultra Short Duration ETF
Expense ratio chart for GSY: current value at 0.22% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.22%
Expense ratio chart for GBIL: current value at 0.12% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.12%

Correlation

-0.50.00.51.00.2

The correlation between GBIL and GSY is 0.23, 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.

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.


Sharpe ratio
The chart of Sharpe ratio for GBIL, currently valued at 4.75, compared to the broader market0.002.004.004.7510.94
The chart of Sortino ratio for GBIL, currently valued at 6.82, compared to the broader market-2.000.002.004.006.008.0010.0012.006.8227.64
The chart of Omega ratio for GBIL, currently valued at 6.64, compared to the broader market0.501.001.502.002.503.006.646.28
The chart of Calmar ratio for GBIL, currently valued at 7.00, compared to the broader market0.005.0010.0015.007.0065.90
The chart of Martin ratio for GBIL, currently valued at 29.80, compared to the broader market0.0020.0040.0060.0080.00100.0029.80340.82
GBIL
GSY

The current GBIL Sharpe Ratio is 4.75, which is lower than the GSY Sharpe Ratio of 10.94. The chart below compares the historical Sharpe Ratios of GBIL and GSY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio5.006.007.008.009.0010.0011.00JuneJulyAugustSeptemberOctoberNovember
4.75
10.94
GBIL
GSY

Dividends

GBIL vs. GSY - Dividend Comparison

GBIL's dividend yield for the trailing twelve months is around 5.09%, less than GSY's 5.65% yield.


TTM20232022202120202019201820172016201520142013
GBIL
Goldman Sachs Access Treasury 0-1 Year ETF
5.09%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
5.65%4.95%1.70%0.58%1.60%2.91%2.42%2.02%1.30%1.17%1.29%1.15%

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.


-0.10%-0.08%-0.06%-0.04%-0.02%0.00%JuneJulyAugustSeptemberOctoberNovember00
GBIL
GSY

Volatility

GBIL vs. GSY - Volatility Comparison

The current volatility for Goldman Sachs Access Treasury 0-1 Year ETF (GBIL) is 0.07%, while Invesco Ultra Short Duration ETF (GSY) has a volatility of 0.14%. 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.


0.05%0.10%0.15%0.20%JuneJulyAugustSeptemberOctoberNovember
0.07%
0.14%
GBIL
GSY