GSST vs. USDX

Last updated Apr 1, 2026

Compare and contrast key facts about Goldman Sachs Ultra Short Bond ETF (GSST) and SGI Enhanced Core ETF (USDX).

GSST and USDX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GSST is an actively managed fund by Goldman Sachs. It was launched on Apr 15, 2019. USDX is an actively managed fund by Summit Global Investments. It was launched on Feb 28, 2024.

Performance

GSST vs. USDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs Ultra Short Bond ETF (GSST) and SGI Enhanced Core ETF (USDX). The values are adjusted to include any dividend payments, if applicable.

GSST vs. USDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024
GSST Goldman Sachs Ultra Short Bond ETF	0.76%	5.20%	5.02%
USDX SGI Enhanced Core ETF	1.14%	6.25%	6.87%

Returns By Period

In the year-to-date period, GSST achieves a 0.76% return, which is significantly lower than USDX's 1.14% return.

GSST

• 1D: 0.06%
• 1M: 0.04%
• YTD: 0.76%
• 6M: 1.89%
• 1Y: 4.55%
• 3Y*: 5.51%
• 5Y*: 3.60%
• 10Y*: —

USDX

• 1D: -0.10%
• 1M: 0.62%
• YTD: 1.14%
• 6M: 3.03%
• 1Y: 5.70%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GSST vs. USDX - Expense Ratio Comparison

GSST has a 0.16% expense ratio, which is lower than USDX's 0.98% expense ratio.

USDX

SGI Enhanced Core ETF

GSST

Goldman Sachs Ultra Short Bond ETF

Return for Risk

GSST vs. USDX — Risk / Return Rank

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

GSST

GSST Risk / Return Rank: 99
GSST Sharpe Ratio Rank: 99
GSST Sortino Ratio Rank: 99
GSST Omega Ratio Rank: 99
GSST Calmar Ratio Rank: 99
GSST Martin Ratio Rank: 99

USDX

USDX Risk / Return Rank: 98
USDX Sharpe Ratio Rank: 98
USDX Sortino Ratio Rank: 98
USDX Omega Ratio Rank: 98
USDX Calmar Ratio Rank: 98
USDX Martin Ratio Rank: 98

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.

GSST vs. USDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Ultra Short Bond ETF (GSST) and SGI Enhanced Core ETF (USDX). 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.

	GSST	USDX	Difference
Sharpe ratio Return per unit of total volatility	6.29	3.22	+3.06
Sortino ratio Return per unit of downside risk	11.28	5.01	+6.26
Omega ratio Gain probability vs. loss probability	3.26	1.82	+1.44
Calmar ratio Return relative to maximum drawdown	18.26	6.17	+12.09
Martin ratio Return relative to average drawdown	113.51	33.00	+80.51
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GSST vs. USDX - Sharpe Ratio Comparison

The current GSST Sharpe Ratio is 6.29, which is higher than the USDX Sharpe Ratio of 3.22. The chart below compares the historical Sharpe Ratios of GSST and USDX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	GSST	USDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	6.29	3.22	+3.06
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	5.79	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	3.72	4.40	-0.68

Correlation

The correlation between GSST and USDX 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

GSST vs. USDX - Dividend Comparison

GSST's dividend yield for the trailing twelve months is around 4.43%, less than USDX's 5.63% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019
GSST Goldman Sachs Ultra Short Bond ETF	4.43%	4.56%	5.45%	4.98%	1.97%	0.71%	1.12%	1.66%
USDX SGI Enhanced Core ETF	5.63%	5.88%	4.60%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

GSST vs. USDX - Drawdown Comparison

The maximum GSST drawdown since its inception was -3.51%, which is greater than USDX's maximum drawdown of -0.94%. Use the drawdown chart below to compare losses from any high point for GSST and USDX.

Drawdown Indicators

	GSST	USDX	Difference
Max Drawdown Largest peak-to-trough decline	-3.51%	-0.94%	-2.57%
Max Drawdown (1Y) Largest decline over 1 year	-0.25%	-0.94%	+0.69%
Max Drawdown (5Y) Largest decline over 5 years	-1.19%	—	—
Current Drawdown Current decline from peak	0.00%	-0.10%	+0.10%
Average Drawdown Average peak-to-trough decline	-0.17%	-0.06%	-0.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.04%	0.18%	-0.14%

Volatility

GSST vs. USDX - Volatility Comparison

The current volatility for Goldman Sachs Ultra Short Bond ETF (GSST) is 0.25%, while SGI Enhanced Core ETF (USDX) has a volatility of 0.47%. This indicates that GSST experiences smaller price fluctuations and is considered to be less risky than USDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GSST	USDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.25%	0.47%	-0.22%
Volatility (6M) Calculated over the trailing 6-month period	0.42%	1.39%	-0.97%
Volatility (1Y) Calculated over the trailing 1-year period	0.73%	1.78%	-1.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.63%	1.57%	-0.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.87%	1.57%	-0.70%