GOVI vs. GSY
Compare and contrast key facts about Invesco Equal Weight 0-30 Years Treasury ETF (GOVI) and Invesco Ultra Short Duration ETF (GSY).
GOVI and GSY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GOVI is a passively managed fund by Invesco that tracks the performance of the ICE BofA Laddered Maturity US Treasury (1-30 Y). It was launched on Oct 11, 2007. GSY is an actively managed fund by Invesco. It was launched on Feb 12, 2008.
Performance
GOVI vs. GSY - Performance Comparison
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GOVI vs. GSY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GOVI Invesco Equal Weight 0-30 Years Treasury ETF | -0.06% | 5.84% | -2.95% | 3.31% | -19.98% | -3.76% | 12.55% | 10.00% | -0.28% | 4.96% |
GSY Invesco Ultra Short Duration ETF | 0.80% | 4.96% | 5.95% | 5.99% | 0.01% | 0.03% | 1.88% | 3.39% | 2.18% | 1.86% |
Returns By Period
In the year-to-date period, GOVI achieves a -0.06% return, which is significantly lower than GSY's 0.80% return. Over the past 10 years, GOVI has underperformed GSY with an annualized return of 0.10%, while GSY has yielded a comparatively higher 2.84% annualized return.
GOVI
- 1D
- 0.15%
- 1M
- -3.00%
- YTD
- -0.06%
- 6M
- 0.13%
- 1Y
- 1.84%
- 3Y*
- 0.38%
- 5Y*
- -2.40%
- 10Y*
- 0.10%
GSY
- 1D
- 0.04%
- 1M
- 0.08%
- YTD
- 0.80%
- 6M
- 1.92%
- 1Y
- 4.52%
- 3Y*
- 5.49%
- 5Y*
- 3.51%
- 10Y*
- 2.84%
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GOVI vs. GSY - Expense Ratio Comparison
GOVI has a 0.15% 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%.
Return for Risk
GOVI vs. GSY — Risk / Return Rank
GOVI
GSY
GOVI vs. GSY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Equal Weight 0-30 Years Treasury ETF (GOVI) 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.
| GOVI | GSY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.25 | 10.64 | -10.39 |
Sortino ratioReturn per unit of downside risk | 0.39 | 24.03 | -23.65 |
Omega ratioGain probability vs. loss probability | 1.05 | 6.27 | -5.23 |
Calmar ratioReturn relative to maximum drawdown | 0.42 | 25.29 | -24.88 |
Martin ratioReturn relative to average drawdown | 0.97 | 176.75 | -175.78 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GOVI | GSY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.25 | 10.64 | -10.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.24 | 6.07 | -6.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.01 | 2.33 | -2.32 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.45 | -0.13 |
Correlation
The correlation between GOVI and GSY is 0.16, 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.
Dividends
GOVI vs. GSY - Dividend Comparison
GOVI's dividend yield for the trailing twelve months is around 3.81%, less than GSY's 4.43% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GOVI Invesco Equal Weight 0-30 Years Treasury ETF | 3.81% | 3.75% | 3.56% | 2.87% | 1.97% | 1.15% | 1.00% | 1.96% | 2.14% | 2.02% | 2.00% | 2.14% |
GSY Invesco Ultra Short Duration ETF | 4.43% | 4.56% | 5.31% | 4.95% | 1.70% | 0.58% | 1.45% | 2.71% | 2.30% | 1.80% | 1.21% | 1.17% |
Drawdowns
GOVI vs. GSY - Drawdown Comparison
The maximum GOVI drawdown since its inception was -32.70%, which is greater than GSY's maximum drawdown of -12.14%. Use the drawdown chart below to compare losses from any high point for GOVI and GSY.
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Drawdown Indicators
| GOVI | GSY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.70% | -12.14% | -20.56% |
Max Drawdown (1Y)Largest decline over 1 year | -5.83% | -0.18% | -5.65% |
Max Drawdown (5Y)Largest decline over 5 years | -28.30% | -1.48% | -26.82% |
Max Drawdown (10Y)Largest decline over 10 years | -32.70% | -5.25% | -27.45% |
Current DrawdownCurrent decline from peak | -22.00% | 0.00% | -22.00% |
Average DrawdownAverage peak-to-trough decline | -9.53% | -2.41% | -7.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.51% | 0.03% | +2.48% |
Volatility
GOVI vs. GSY - Volatility Comparison
Invesco Equal Weight 0-30 Years Treasury ETF (GOVI) has a higher volatility of 2.69% compared to Invesco Ultra Short Duration ETF (GSY) at 0.15%. This indicates that GOVI's price experiences larger fluctuations and is considered to be riskier than GSY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GOVI | GSY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.69% | 0.15% | +2.54% |
Volatility (6M)Calculated over the trailing 6-month period | 4.43% | 0.28% | +4.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.53% | 0.43% | +7.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.85% | 0.58% | +9.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.11% | 1.22% | +7.89% |