GIGL vs. GSST

Last updated Jul 17, 2026

GIGL (Goldman Sachs Corporate Bond ETF) and GSST (Goldman Sachs Ultra Short Bond ETF) are both exchange-traded funds - GIGL is a Corporate Bonds fund managed by Goldman Sachs, while GSST is a Ultrashort Bond fund actively managed by Goldman Sachs. Over the past year, GIGL returned 4.60% vs 4.45% for GSST. At a 0.36 correlation, their price movements are largely independent. GIGL charges 0.29%/yr vs 0.16%/yr for GSST.

Performance

GIGL vs. GSST - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs Corporate Bond ETF (GIGL) and Goldman Sachs Ultra Short Bond ETF (GSST). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GIGL achieves a 0.18% return, which is significantly lower than GSST's 2.05% return.

GIGL

• 1D: -0.04%
• 1M: -0.66%
• 6M: -0.21%
• YTD: 0.18%
• 1Y: 4.60%
• 3Y*: —
• 5Y*: —
• 10Y*: —

GSST

• 1D: 0.02%
• 1M: 0.35%
• 6M: 1.88%
• YTD: 2.05%
• 1Y: 4.45%
• 3Y*: 5.47%
• 5Y*: 3.85%
• 10Y*: —

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

GIGL vs. GSST - Yearly Performance Comparison

	2026 (YTD)	2025
GIGL Goldman Sachs Corporate Bond ETF	0.18%	3.76%
GSST Goldman Sachs Ultra Short Bond ETF	2.05%	2.63%

Correlation

The correlation between GIGL and GSST is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.36
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025	0.36

Return for Risk

GIGL vs. GSST — Risk / Return Rank

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

GIGL

GIGL Risk / Return Rank: 36
GIGL Sharpe Ratio Rank: 37
GIGL Sortino Ratio Rank: 36
GIGL Omega Ratio Rank: 35
GIGL Calmar Ratio Rank: 35
GIGL Martin Ratio Rank: 37

GSST

GSST Risk / Return Rank: 99
GSST Sharpe Ratio Rank: 99
GSST Sortino Ratio Rank: 99
GSST Omega Ratio Rank: 99
GSST Calmar Ratio Rank: 99
GSST Martin Ratio Rank: 99

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.

GIGL vs. GSST - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Corporate Bond ETF (GIGL) 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.

	GIGL	GSST	Difference
Sharpe ratio: Return per unit of total volatility	1.11	7.69	-6.58
Sortino ratio: Return per unit of downside risk	1.60	15.91	-14.31
Omega ratio: Gain probability vs. loss probability	1.19	3.76	-2.56
Calmar ratio: Return relative to maximum drawdown	1.48	28.93	-27.45
Martin ratio: Return relative to average drawdown	4.55	178.47	-173.92

GIGL vs. GSST - Sharpe Ratio Comparison

The current GIGL Sharpe Ratio is 1.11, which is lower than the GSST Sharpe Ratio of 7.69. The chart below compares the historical Sharpe Ratios of GIGL and GSST, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GIGL vs. GSST - Drawdown Comparison

The maximum GIGL drawdown since its inception was -3.13%, smaller than the maximum GSST drawdown of -3.51%. Use the drawdown chart below to compare losses from any high point for GIGL and GSST.

Drawdown Indicators

	GIGL	GSST	Difference
Max Drawdown Largest peak-to-trough decline	-3.13%	-3.51%	+0.38%
Max Drawdown (1Y) Largest decline over 1 year	-3.13%	-0.15%	-2.98%
Max Drawdown (3Y) Largest decline over 3 years	—	-0.25%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-1.19%	—
Current Drawdown Current decline from peak	-1.33%	0.00%	-1.33%
Average Drawdown Average peak-to-trough decline	-0.74%	-0.16%	-0.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.01%	0.02%	+0.99%

Volatility

GIGL vs. GSST - Volatility Comparison

Goldman Sachs Corporate Bond ETF (GIGL) has a higher volatility of 1.10% compared to Goldman Sachs Ultra Short Bond ETF (GSST) at 0.13%. This indicates that GIGL'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.

Volatility by Period

	GIGL	GSST	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.10%	0.13%	+0.97%
Volatility (6M) Calculated over the trailing 6-month period	3.33%	0.41%	+2.92%
Volatility (1Y) Calculated over the trailing 1-year period	4.16%	0.58%	+3.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.16%	0.63%	+3.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.16%	0.86%	+3.30%

GIGL vs. GSST - Expense Ratio Comparison

GIGL has a 0.29% expense ratio, which is higher than GSST's 0.16% expense ratio.

Dividends

GIGL vs. GSST - Dividend Comparison

GIGL's dividend yield for the trailing twelve months is around 4.20%, less than GSST's 4.30% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
GIGL Goldman Sachs Corporate Bond ETF	4.20%	2.12%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
GSST Goldman Sachs Ultra Short Bond ETF	4.30%	4.56%	5.45%	4.98%	1.97%	0.71%	1.12%	1.66%

Frequently Asked Questions

Can I hold both GIGL and GSST in my portfolio?

GIGL and GSST have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GIGL or GSST?

GIGL has higher volatility (1.10%) compared to GSST (0.13%). In terms of maximum drawdown, GIGL dropped -3.13% vs GSST's -3.51%.

Which ETF is better, GIGL or GSST?

On 1-year performance, GIGL leads with 4.60% vs 4.45% for GSST. On fees, GSST is cheaper at 0.16% 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.

Which ETF has performed better, GIGL or GSST?

Over the 1-year period, GIGL has performed better with a 4.60% return vs 4.45%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GIGL or GSST?

GSST is cheaper with a 0.16% expense ratio, compared with 0.29% for GIGL.

Which ETF pays a higher dividend yield, GIGL or GSST?

GSST has the higher dividend yield at 4.30%, compared with 4.20% for GIGL.

What is the main difference between GIGL and GSST?

GIGL is categorized as Corporate Bonds, while GSST is Ultrashort Bond. Their fees differ too: 0.29% for GIGL and 0.16% for GSST.

Which has better risk-adjusted returns?

GSST currently has the higher Sharpe Ratio (7.69 vs 1.11), 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.