GSIG vs. FCSH

Last updated Jun 3, 2026

GSIG (Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF) and FCSH (Federated Hermes Short Duration Corporate ETF) are both exchange-traded funds - GSIG is a Corporate Bonds fund tracking the FTSE Goldman Sachs US Investment-Grade Corporate Bond 1-5 Years Index, while FCSH is a Short-Term Bond fund actively managed by Federated. GSIG is passively managed, while FCSH is actively managed. Over the past 3 years, GSIG returned 5.39%/yr vs 5.11%/yr for FCSH. Their correlation of 0.93 suggests significant overlap in exposure. GSIG charges 0.14%/yr vs 0.30%/yr for FCSH.

Performance

GSIG vs. FCSH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF (GSIG) and Federated Hermes Short Duration Corporate ETF (FCSH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with GSIG having a 0.67% return and FCSH slightly lower at 0.65%.

GSIG

• 1D: 0.02%
• 1M: 0.03%
• YTD: 0.67%
• 6M: 1.10%
• 1Y: 4.55%
• 3Y*: 5.39%
• 5Y*: 2.21%
• 10Y*: —

FCSH

• 1D: -0.19%
• 1M: 0.21%
• YTD: 0.65%
• 6M: 1.09%
• 1Y: 4.30%
• 3Y*: 5.11%
• 5Y*: —
• 10Y*: —

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

GSIG vs. FCSH - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
GSIG Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF	0.67%	6.69%	4.72%	6.06%	-5.80%	0.02%
FCSH Federated Hermes Short Duration Corporate ETF	0.65%	6.42%	4.66%	5.45%	-5.87%	0.24%

Correlation

The correlation between GSIG and FCSH is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.85
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (All Time) Calculated using the full available price history since Dec 20, 2021	0.93

The correlation between GSIG and FCSH has been stable across timeframes, ranging from 0.85 to 0.93 - a consistent structural relationship.

Return for Risk

GSIG vs. FCSH — Risk / Return Rank

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

GSIG

GSIG Risk / Return Rank: 74
GSIG Sharpe Ratio Rank: 75
GSIG Sortino Ratio Rank: 84
GSIG Omega Ratio Rank: 82
GSIG Calmar Ratio Rank: 61
GSIG Martin Ratio Rank: 67

FCSH

FCSH Risk / Return Rank: 69
FCSH Sharpe Ratio Rank: 65
FCSH Sortino Ratio Rank: 75
FCSH Omega Ratio Rank: 71
FCSH Calmar Ratio Rank: 68
FCSH Martin Ratio Rank: 66

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.

GSIG vs. FCSH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF (GSIG) and Federated Hermes Short Duration Corporate ETF (FCSH). 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.

	GSIG	FCSH	Difference
Sharpe ratio Return per unit of total volatility	2.48	2.21	+0.27
Sortino ratio Return per unit of downside risk	3.83	3.44	+0.39
Omega ratio Gain probability vs. loss probability	1.50	1.44	+0.07
Calmar ratio Return relative to maximum drawdown	3.08	3.44	-0.36
Martin ratio Return relative to average drawdown	12.63	12.26	+0.37
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GSIG vs. FCSH - Sharpe Ratio Comparison

The current GSIG Sharpe Ratio is 2.48, which is comparable to the FCSH Sharpe Ratio of 2.21. The chart below compares the historical Sharpe Ratios of GSIG and FCSH, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	GSIG	FCSH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.48	2.21	+0.27
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.77	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.79	0.86	-0.07

Drawdowns

GSIG vs. FCSH - Drawdown Comparison

The maximum GSIG drawdown since its inception was -9.57%, which is greater than FCSH's maximum drawdown of -8.47%. Use the drawdown chart below to compare losses from any high point for GSIG and FCSH.

Drawdown Indicators

	GSIG	FCSH	Difference
Max Drawdown Largest peak-to-trough decline	-9.57%	-8.47%	-1.10%
Max Drawdown (1Y) Largest decline over 1 year	-1.46%	-1.24%	-0.22%
Max Drawdown (3Y) Largest decline over 3 years	-1.46%	-1.32%	-0.14%
Max Drawdown (5Y) Largest decline over 5 years	-9.57%	—	—
Current Drawdown Current decline from peak	-0.32%	-0.49%	+0.17%
Average Drawdown Average peak-to-trough decline	-2.10%	-2.21%	+0.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.36%	0.35%	+0.01%

Volatility

GSIG vs. FCSH - Volatility Comparison

Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF (GSIG) and Federated Hermes Short Duration Corporate ETF (FCSH) have volatilities of 0.62% and 0.61%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GSIG	FCSH	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.62%	0.61%	+0.01%
Volatility (6M) Calculated over the trailing 6-month period	1.36%	1.53%	-0.17%
Volatility (1Y) Calculated over the trailing 1-year period	1.84%	1.95%	-0.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.89%	2.90%	-0.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.71%	2.90%	-0.19%

GSIG vs. FCSH - Expense Ratio Comparison

GSIG has a 0.14% expense ratio, which is lower than FCSH's 0.30% expense ratio.

Dividends

GSIG vs. FCSH - Dividend Comparison

GSIG's dividend yield for the trailing twelve months is around 4.34%, more than FCSH's 4.08% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
FCSH Federated Hermes Short Duration Corporate ETF	4.08%	4.14%	4.44%	2.31%	1.76%	0.04%	0.00%
GSIG Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF	4.34%	4.61%	4.59%	3.51%	2.21%	1.04%	0.45%

Frequently Asked Questions

Can I hold both GSIG and FCSH in my portfolio?

GSIG and FCSH have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GSIG or FCSH?

GSIG has higher volatility (0.62%) compared to FCSH (0.61%). In terms of maximum drawdown, GSIG dropped -9.57% vs FCSH's -8.47%.

Which ETF is better, GSIG or FCSH?

On 3-year performance, GSIG leads with 5.39% vs 5.11% for FCSH. On fees, GSIG is cheaper at 0.14% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GSIG or FCSH?

Over the 3-year period, GSIG has performed better with a 5.39% return vs 5.11%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GSIG or FCSH?

GSIG is cheaper with a 0.14% expense ratio, compared with 0.30% for FCSH.

Which ETF pays a higher dividend yield, GSIG or FCSH?

GSIG has the higher dividend yield at 4.34%, compared with 4.08% for FCSH.

What is the main difference between GSIG and FCSH?

GSIG is categorized as Corporate Bonds, while FCSH is Short-Term Bond. They also come from different issuers: Goldman Sachs and Federated. Their fees differ too: 0.14% for GSIG and 0.30% for FCSH.

Which has better risk-adjusted returns?

GSIG currently has the higher Sharpe Ratio (2.48 vs 2.21), 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.