GPRF vs. GSST
GPRF (Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF) and GSST (Goldman Sachs Ultra Short Bond ETF) are both exchange-traded funds - GPRF is a Preferred Stock/Convertible Bonds fund tracking the FTSE Goldman Sachs US Preferred Stock and Hybrids Index, while GSST is a Ultrashort Bond fund actively managed by Goldman Sachs. GPRF is passively managed, while GSST is actively managed. Over the past year, GPRF returned 6.57% vs 4.61% for GSST. At a 0.16 correlation, their price movements are largely independent. GPRF charges 0.45%/yr vs 0.16%/yr for GSST.
Performance
GPRF vs. GSST - Performance Comparison
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Returns By Period
In the year-to-date period, GPRF achieves a 1.33% return, which is significantly lower than GSST's 1.55% return.
GPRF
- 1D
- -0.07%
- 1M
- 0.14%
- YTD
- 1.33%
- 6M
- 1.66%
- 1Y
- 6.57%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GSST
- 1D
- 0.00%
- 1M
- 0.32%
- YTD
- 1.55%
- 6M
- 1.88%
- 1Y
- 4.61%
- 3Y*
- 5.52%
- 5Y*
- 3.75%
- 10Y*
- —
GPRF vs. GSST - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
GPRF Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF | 1.33% | 6.17% | 2.34% |
GSST Goldman Sachs Ultra Short Bond ETF | 1.55% | 5.20% | 2.25% |
Correlation
The correlation between GPRF and GSST is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Aug 2, 2024 | 0.16 |
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Return for Risk
GPRF vs. GSST — Risk / Return Rank
GPRF
GSST
GPRF vs. GSST - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF (GPRF) 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.
| GPRF | GSST | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -6.22 | ||
| Sortino ratioReturn per unit of downside risk | -14.08 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 3.94 | -2.57 |
| Calmar ratioReturn relative to maximum drawdown | 1.57 | 29.99 | -28.42 |
| Martin ratioReturn relative to average drawdown | 7.51 | 185.54 | -178.03 |
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
| GPRF | GSST | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.76 | 7.98 | -6.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 5.99 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.37 | 3.78 | -2.41 |
Drawdowns
GPRF vs. GSST - Drawdown Comparison
The maximum GPRF drawdown since its inception was -4.36%, which is greater than GSST's maximum drawdown of -3.51%. Use the drawdown chart below to compare losses from any high point for GPRF and GSST.
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Drawdown Indicators
| GPRF | GSST | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.36% | -3.51% | -0.85% |
Max Drawdown (1Y)Largest decline over 1 year | -4.20% | -0.15% | -4.05% |
Max Drawdown (3Y)Largest decline over 3 years | — | -0.25% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -1.19% | — |
Current DrawdownCurrent decline from peak | -0.78% | 0.00% | -0.78% |
Average DrawdownAverage peak-to-trough decline | -0.89% | -0.16% | -0.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.88% | 0.02% | +0.86% |
Volatility
GPRF vs. GSST - Volatility Comparison
Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF (GPRF) has a higher volatility of 0.78% compared to Goldman Sachs Ultra Short Bond ETF (GSST) at 0.13%. This indicates that GPRF'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
| GPRF | GSST | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.78% | 0.13% | +0.65% |
Volatility (6M)Calculated over the trailing 6-month period | 3.13% | 0.41% | +2.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.76% | 0.58% | +3.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.94% | 0.63% | +3.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.94% | 0.86% | +3.08% |
GPRF vs. GSST - Expense Ratio Comparison
GPRF has a 0.45% expense ratio, which is higher than GSST's 0.16% expense ratio.
Dividends
GPRF vs. GSST - Dividend Comparison
GPRF's dividend yield for the trailing twelve months is around 5.65%, more than GSST's 4.32% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
GPRF Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF | 5.65% | 5.38% | 2.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
GSST Goldman Sachs Ultra Short Bond ETF | 4.32% | 4.56% | 5.45% | 4.98% | 1.97% | 0.71% | 1.12% | 1.66% |
Frequently Asked Questions
GPRF and GSST have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GPRF has higher volatility (0.78%) compared to GSST (0.13%). In terms of maximum drawdown, GPRF dropped -4.36% vs GSST's -3.51%.
On 1-year performance, GPRF leads with 6.57% vs 4.61% 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.
Over the 1-year period, GPRF has performed better with a 6.57% return vs 4.61%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GSST is cheaper with a 0.16% expense ratio, compared with 0.45% for GPRF.
GPRF has the higher dividend yield at 5.65%, compared with 4.32% for GSST.
GPRF is categorized as Preferred Stock/Convertible Bonds, while GSST is Ultrashort Bond. Their fees differ too: 0.45% for GPRF and 0.16% for GSST.
GSST currently has the higher Sharpe Ratio (7.98 vs 1.76), 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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