GSIG vs. PAAA
Compare and contrast key facts about Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF (GSIG) and PGIM AAA CLO ETF (PAAA).
GSIG and PAAA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GSIG is a passively managed fund by Goldman Sachs that tracks the performance of the FTSE Goldman Sachs US Investment-Grade Corporate Bond 1-5 Years Index. It was launched on Jul 7, 2020. PAAA is an actively managed fund by PGIM. It was launched on Jul 19, 2023.
Performance
GSIG vs. PAAA - Performance Comparison
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GSIG vs. PAAA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
GSIG Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF | 0.08% | 6.69% | 4.72% | 3.54% |
PAAA PGIM AAA CLO ETF | 0.99% | 5.37% | 7.47% | 3.83% |
Returns By Period
In the year-to-date period, GSIG achieves a 0.08% return, which is significantly lower than PAAA's 0.99% return.
GSIG
- 1D
- 0.24%
- 1M
- -0.90%
- YTD
- 0.08%
- 6M
- 1.32%
- 1Y
- 4.78%
- 3Y*
- 5.18%
- 5Y*
- 2.20%
- 10Y*
- —
PAAA
- 1D
- 0.04%
- 1M
- 0.20%
- YTD
- 0.99%
- 6M
- 2.21%
- 1Y
- 5.35%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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GSIG vs. PAAA - Expense Ratio Comparison
GSIG has a 0.14% expense ratio, which is lower than PAAA's 0.19% 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
GSIG vs. PAAA — Risk / Return Rank
GSIG
PAAA
GSIG vs. PAAA - 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 PGIM AAA CLO ETF (PAAA). 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 | PAAA | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.25 | 4.03 | -1.78 |
Sortino ratioReturn per unit of downside risk | 3.34 | 4.87 | -1.53 |
Omega ratioGain probability vs. loss probability | 1.48 | 2.94 | -1.46 |
Calmar ratioReturn relative to maximum drawdown | 3.29 | 5.26 | -1.97 |
Martin ratioReturn relative to average drawdown | 13.82 | 43.72 | -29.90 |
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
| GSIG | PAAA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.25 | 4.03 | -1.78 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.77 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.77 | 6.64 | -5.86 |
Correlation
The correlation between GSIG and PAAA is -0.02. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
GSIG vs. PAAA - Dividend Comparison
GSIG's dividend yield for the trailing twelve months is around 4.51%, less than PAAA's 5.48% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
GSIG Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF | 4.51% | 4.61% | 4.59% | 3.51% | 2.21% | 1.04% | 0.45% |
PAAA PGIM AAA CLO ETF | 5.48% | 5.12% | 5.88% | 2.76% | 0.00% | 0.00% | 0.00% |
Drawdowns
GSIG vs. PAAA - Drawdown Comparison
The maximum GSIG drawdown since its inception was -9.57%, which is greater than PAAA's maximum drawdown of -1.04%. Use the drawdown chart below to compare losses from any high point for GSIG and PAAA.
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Drawdown Indicators
| GSIG | PAAA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.57% | -1.04% | -8.53% |
Max Drawdown (1Y)Largest decline over 1 year | -1.46% | -1.04% | -0.42% |
Max Drawdown (5Y)Largest decline over 5 years | -9.57% | — | — |
Current DrawdownCurrent decline from peak | -0.90% | 0.00% | -0.90% |
Average DrawdownAverage peak-to-trough decline | -2.15% | -0.02% | -2.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.35% | 0.12% | +0.23% |
Volatility
GSIG vs. PAAA - Volatility Comparison
Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF (GSIG) has a higher volatility of 0.87% compared to PGIM AAA CLO ETF (PAAA) at 0.27%. This indicates that GSIG's price experiences larger fluctuations and is considered to be riskier than PAAA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GSIG | PAAA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.87% | 0.27% | +0.60% |
Volatility (6M)Calculated over the trailing 6-month period | 1.20% | 0.39% | +0.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.13% | 1.34% | +0.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.87% | 1.00% | +1.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.73% | 1.00% | +1.73% |