GSST vs. USFR
GSST (Goldman Sachs Ultra Short Bond ETF) and USFR (WisdomTree Floating Rate Treasury Fund) are both exchange-traded funds - GSST is a Ultrashort Bond fund actively managed by Goldman Sachs, while USFR is a Government Bonds fund tracking the Bloomberg U.S. Treasury Floating Rate Bond Index. GSST is actively managed, while USFR is passively managed. Over the past 5 years, GSST returned 3.83%/yr vs 3.75%/yr for USFR. At a 0.12 correlation, their price movements are largely independent. GSST charges 0.16%/yr vs 0.15%/yr for USFR.
Performance
GSST vs. USFR - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with GSST having a 1.98% return and USFR slightly higher at 2.05%.
GSST
- 1D
- -0.01%
- 1M
- 0.32%
- 6M
- 1.84%
- YTD
- 1.98%
- 1Y
- 4.42%
- 3Y*
- 5.45%
- 5Y*
- 3.83%
- 10Y*
- —
USFR
- 1D
- 0.04%
- 1M
- 0.32%
- 6M
- 1.94%
- YTD
- 2.05%
- 1Y
- 3.98%
- 3Y*
- 4.71%
- 5Y*
- 3.75%
- 10Y*
- 2.50%
GSST vs. USFR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
GSST Goldman Sachs Ultra Short Bond ETF | 1.98% | 5.20% | 6.01% | 6.08% | 0.13% | 0.05% | 1.74% | 2.64% |
USFR WisdomTree Floating Rate Treasury Fund | 2.05% | 4.23% | 5.47% | 5.18% | 1.98% | -0.03% | 0.56% | 1.35% |
Correlation
The correlation between GSST and USFR is 0.06, 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 | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Apr 17, 2019 | 0.12 |
The correlation between GSST and USFR shifts across timeframes, from 0.06 (1 year) to 0.16 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
GSST vs. USFR — Risk / Return Rank
GSST
USFR
GSST vs. USFR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Ultra Short Bond ETF (GSST) and WisdomTree Floating Rate Treasury Fund (USFR). 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 | USFR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -7.19 | ||
| Sortino ratioReturn per unit of downside risk | -35.85 | ||
| Omega ratioGain probability vs. loss probability | 3.74 | 14.08 | -10.35 |
| Calmar ratioReturn relative to maximum drawdown | 28.72 | 200.62 | -171.90 |
| Martin ratioReturn relative to average drawdown | 177.22 | 801.27 | -624.04 |
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Drawdowns
GSST vs. USFR - Drawdown Comparison
The maximum GSST drawdown since its inception was -3.51%, which is greater than USFR's maximum drawdown of -1.36%. Use the drawdown chart below to compare losses from any high point for GSST and USFR.
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Drawdown Indicators
| GSST | USFR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.51% | -1.36% | -2.15% |
Max Drawdown (1Y)Largest decline over 1 year | -0.15% | -0.02% | -0.13% |
Max Drawdown (3Y)Largest decline over 3 years | -0.25% | -0.06% | -0.19% |
Max Drawdown (5Y)Largest decline over 5 years | -1.19% | -0.18% | -1.01% |
Max Drawdown (10Y)Largest decline over 10 years | — | -0.80% | — |
Current DrawdownCurrent decline from peak | -0.01% | 0.00% | -0.01% |
Average DrawdownAverage peak-to-trough decline | -0.16% | -0.15% | -0.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.02% | 0.00% | +0.02% |
Volatility
GSST vs. USFR - Volatility Comparison
Goldman Sachs Ultra Short Bond ETF (GSST) has a higher volatility of 0.13% compared to WisdomTree Floating Rate Treasury Fund (USFR) at 0.07%. This indicates that GSST's price experiences larger fluctuations and is considered to be riskier than USFR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GSST | USFR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.13% | 0.07% | +0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 0.41% | 0.19% | +0.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.58% | 0.27% | +0.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.63% | 0.39% | +0.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.86% | 0.77% | +0.09% |
GSST vs. USFR - Expense Ratio Comparison
GSST has a 0.16% expense ratio, which is higher than USFR's 0.15% 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. USFR - Dividend Comparison
GSST's dividend yield for the trailing twelve months is around 4.30%, more than USFR's 3.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
GSST Goldman Sachs Ultra Short Bond ETF | 4.30% | 4.56% | 5.45% | 4.98% | 1.97% | 0.71% | 1.12% | 1.66% | 0.00% | 0.00% | 0.00% |
USFR WisdomTree Floating Rate Treasury Fund | 3.83% | 4.15% | 5.17% | 5.12% | 1.78% | 0.01% | 0.40% | 2.08% | 1.67% | 1.03% | 0.29% |
Frequently Asked Questions
GSST and USFR have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GSST has higher volatility (0.13%) compared to USFR (0.07%). In terms of maximum drawdown, GSST dropped -3.51% vs USFR's -1.36%.
On 5-year performance, GSST leads with 3.83% vs 3.75% for USFR. On fees, USFR is cheaper at 0.15% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, GSST has performed better with a 3.83% return vs 3.75%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
USFR is cheaper with a 0.15% expense ratio, compared with 0.16% for GSST.
GSST has the higher dividend yield at 4.30%, compared with 3.83% for USFR.
GSST is categorized as Ultrashort Bond, while USFR is Government Bonds. They also come from different issuers: Goldman Sachs and WisdomTree. Their fees differ too: 0.16% for GSST and 0.15% for USFR.
USFR currently has the higher Sharpe Ratio (14.83 vs 7.64), 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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