GSST vs. MGV
GSST (Goldman Sachs Ultra Short Bond ETF) and MGV (Vanguard Mega Cap Value ETF) are both exchange-traded funds - GSST is a Ultrashort Bond fund actively managed by Goldman Sachs, while MGV is a Large Cap Value Equities fund tracking the CRSP US Mega Cap Value Index. GSST is actively managed, while MGV is passively managed. Over the past 5 years, GSST returned 3.77%/yr vs 12.53%/yr for MGV. At a correlation of -0.01, they often move in opposite directions. GSST charges 0.16%/yr vs 0.05%/yr for MGV.
Performance
GSST vs. MGV - Performance Comparison
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Returns By Period
In the year-to-date period, GSST achieves a 1.66% return, which is significantly lower than MGV's 15.50% return.
GSST
- 1D
- 0.00%
- 1M
- 0.31%
- YTD
- 1.66%
- 6M
- 1.89%
- 1Y
- 4.57%
- 3Y*
- 5.52%
- 5Y*
- 3.77%
- 10Y*
- —
MGV
- 1D
- 0.90%
- 1M
- 4.18%
- YTD
- 15.50%
- 6M
- 15.37%
- 1Y
- 28.69%
- 3Y*
- 18.98%
- 5Y*
- 12.53%
- 10Y*
- 13.15%
GSST vs. MGV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
GSST Goldman Sachs Ultra Short Bond ETF | 1.66% | 5.20% | 6.01% | 6.08% | 0.13% | 0.05% | 1.74% | 2.64% |
MGV Vanguard Mega Cap Value ETF | 15.50% | 15.45% | 16.94% | 9.16% | -1.22% | 25.93% | 2.50% | 11.72% |
Correlation
The correlation between GSST and MGV is 0.08, 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 | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Apr 17, 2019 | -0.01 |
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Return for Risk
GSST vs. MGV — Risk / Return Rank
GSST
MGV
GSST vs. MGV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Ultra Short Bond ETF (GSST) and Vanguard Mega Cap Value ETF (MGV). 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.
| GSST | MGV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +5.18 | ||
| Sortino ratioReturn per unit of downside risk | +12.59 | ||
| Omega ratioGain probability vs. loss probability | 3.93 | 1.50 | +2.44 |
| Calmar ratioReturn relative to maximum drawdown | 29.85 | 4.36 | +25.49 |
| Martin ratioReturn relative to average drawdown | 184.69 | 16.56 | +168.14 |
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Drawdowns
GSST vs. MGV - Drawdown Comparison
The maximum GSST drawdown since its inception was -3.51%, smaller than the maximum MGV drawdown of -56.07%. Use the drawdown chart below to compare losses from any high point for GSST and MGV.
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Drawdown Indicators
| GSST | MGV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.51% | -56.07% | +52.56% |
Max Drawdown (1Y)Largest decline over 1 year | -0.15% | -6.42% | +6.27% |
Max Drawdown (3Y)Largest decline over 3 years | -0.25% | -13.18% | +12.93% |
Max Drawdown (5Y)Largest decline over 5 years | -1.19% | -16.54% | +15.35% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.41% | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -0.16% | -7.78% | +7.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.02% | 1.69% | -1.67% |
Volatility
GSST vs. MGV - Volatility Comparison
The current volatility for Goldman Sachs Ultra Short Bond ETF (GSST) is 0.13%, while Vanguard Mega Cap Value ETF (MGV) has a volatility of 3.33%. This indicates that GSST experiences smaller price fluctuations and is considered to be less risky than MGV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GSST | MGV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.13% | 3.33% | -3.20% |
Volatility (6M)Calculated over the trailing 6-month period | 0.41% | 7.77% | -7.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.58% | 10.13% | -9.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.63% | 13.61% | -12.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.86% | 16.35% | -15.49% |
GSST vs. MGV - Expense Ratio Comparison
GSST has a 0.16% expense ratio, which is higher than MGV's 0.05% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
GSST vs. MGV - Dividend Comparison
GSST's dividend yield for the trailing twelve months is around 4.31%, more than MGV's 1.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GSST Goldman Sachs Ultra Short Bond ETF | 4.31% | 4.56% | 5.45% | 4.98% | 1.97% | 0.71% | 1.12% | 1.66% | 0.00% | 0.00% | 0.00% | 0.00% |
MGV Vanguard Mega Cap Value ETF | 1.85% | 2.04% | 2.31% | 2.48% | 2.45% | 2.17% | 2.47% | 2.69% | 2.65% | 2.34% | 2.53% | 2.59% |
Frequently Asked Questions
GSST and MGV have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MGV has higher volatility (3.33%) compared to GSST (0.13%). In terms of maximum drawdown, GSST dropped -3.51% vs MGV's -56.07%.
On 5-year performance, MGV leads with 12.53% vs 3.77% for GSST. On fees, MGV is cheaper at 0.05% 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 5-year period, MGV has performed better with a 12.53% return vs 3.77%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MGV is cheaper with a 0.05% expense ratio, compared with 0.16% for GSST.
GSST has the higher dividend yield at 4.31%, compared with 1.85% for MGV.
GSST is categorized as Ultrashort Bond, while MGV is Large Cap Value Equities. They also come from different issuers: Goldman Sachs and Vanguard. Their fees differ too: 0.16% for GSST and 0.05% for MGV.
GSST currently has the higher Sharpe Ratio (7.94 vs 2.76), 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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