GSY vs. AAPL

Last updated Jun 20, 2026

GSY (Invesco Ultra Short Duration ETF) is Ultrashort Bond fund actively managed by Invesco, while AAPL (Apple Inc) is a stock. Over the past 10 years, GSY returned 2.86%/yr vs 29.98%/yr for AAPL. At a 0.01 correlation, their price movements are largely independent.

Performance

GSY vs. AAPL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Ultra Short Duration ETF (GSY) and Apple Inc (AAPL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GSY achieves a 1.76% return, which is significantly lower than AAPL's 9.82% return. Over the past 10 years, GSY has underperformed AAPL with an annualized return of 2.86%, while AAPL has yielded a comparatively higher 29.98% annualized return.

GSY

• 1D: 0.04%
• 1M: 0.32%
• YTD: 1.76%
• 6M: 1.90%
• 1Y: 4.41%
• 3Y*: 5.46%
• 5Y*: 3.69%
• 10Y*: 2.86%

AAPL

• 1D: 0.70%
• 1M: -2.29%
• YTD: 9.82%
• 6M: 9.10%
• 1Y: 48.85%
• 3Y*: 17.79%
• 5Y*: 18.57%
• 10Y*: 29.98%

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

GSY vs. AAPL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GSY Invesco Ultra Short Duration ETF	1.76%	4.96%	5.95%	5.99%	0.01%	0.03%	1.88%	3.39%	2.18%	1.86%
AAPL Apple Inc	9.82%	9.05%	30.71%	49.01%	-26.40%	34.65%	82.31%	88.96%	-5.39%	48.46%

Correlation

The correlation between GSY and AAPL is 0.03, 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	0.03
Correlation (3Y) Calculated over the trailing 3-year period	0.10
Correlation (5Y) Calculated over the trailing 5-year period	0.07
Correlation (10Y) Calculated over the trailing 10-year period	0.03
Correlation (All Time) Calculated using the full available price history since Feb 12, 2008	0.01

Return for Risk

GSY vs. AAPL — Risk / Return Rank

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

GSY

GSY Risk / Return Rank: 99
GSY Sharpe Ratio Rank: 99
GSY Sortino Ratio Rank: 99
GSY Omega Ratio Rank: 99
GSY Calmar Ratio Rank: 100
GSY Martin Ratio Rank: 100

AAPL

AAPL Risk / Return Rank: 89
AAPL Sharpe Ratio Rank: 91
AAPL Sortino Ratio Rank: 91
AAPL Omega Ratio Rank: 90
AAPL Calmar Ratio Rank: 88
AAPL Martin Ratio Rank: 87

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.

GSY vs. AAPL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Ultra Short Duration ETF (GSY) and Apple Inc (AAPL). 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.

	GSY	AAPL	Difference
Sharpe ratio: Return per unit of total volatility	10.83	2.32	+8.52
Sortino ratio: Return per unit of downside risk	25.31	3.22	+22.10
Omega ratio: Gain probability vs. loss probability	6.08	1.42	+4.67
Calmar ratio: Return relative to maximum drawdown	74.67	3.80	+70.87
Martin ratio: Return relative to average drawdown	350.46	9.39	+341.07

GSY vs. AAPL - Sharpe Ratio Comparison

The current GSY Sharpe Ratio is 10.83, which is higher than the AAPL Sharpe Ratio of 2.32. The chart below compares the historical Sharpe Ratios of GSY and AAPL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GSY vs. AAPL - Drawdown Comparison

The maximum GSY drawdown since its inception was -12.14%, smaller than the maximum AAPL drawdown of -81.80%. Use the drawdown chart below to compare losses from any high point for GSY and AAPL.

Drawdown Indicators

	GSY	AAPL	Difference
Max Drawdown Largest peak-to-trough decline	-12.14%	-81.80%	+69.66%
Max Drawdown (1Y) Largest decline over 1 year	-0.06%	-13.80%	+13.74%
Max Drawdown (3Y) Largest decline over 3 years	-0.18%	-33.36%	+33.18%
Max Drawdown (5Y) Largest decline over 5 years	-1.48%	-33.36%	+31.88%
Max Drawdown (10Y) Largest decline over 10 years	-5.25%	-38.52%	+33.27%
Current Drawdown Current decline from peak	-0.02%	-5.45%	+5.43%
Average Drawdown Average peak-to-trough decline	-2.38%	-29.59%	+27.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.01%	5.58%	-5.57%

Volatility

GSY vs. AAPL - Volatility Comparison

The current volatility for Invesco Ultra Short Duration ETF (GSY) is 0.15%, while Apple Inc (AAPL) has a volatility of 7.10%. This indicates that GSY experiences smaller price fluctuations and is considered to be less risky than AAPL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GSY	AAPL	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.15%	7.10%	-6.95%
Volatility (6M) Calculated over the trailing 6-month period	0.31%	16.62%	-16.31%
Volatility (1Y) Calculated over the trailing 1-year period	0.41%	22.64%	-22.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.58%	27.52%	-26.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.22%	28.92%	-27.70%

Dividends

GSY vs. AAPL - Dividend Comparison

GSY's dividend yield for the trailing twelve months is around 4.33%, more than AAPL's 0.35% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AAPL Apple Inc	0.35%	0.38%	0.40%	0.49%	0.70%	0.49%	0.61%	1.04%	1.79%	1.45%	1.93%	1.93%
GSY Invesco Ultra Short Duration ETF	4.33%	4.56%	5.31%	4.95%	1.70%	0.58%	1.45%	2.71%	2.30%	1.80%	1.21%	1.17%

Frequently Asked Questions

Can I hold both GSY and AAPL in my portfolio?

GSY and AAPL have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GSY or AAPL?

AAPL has higher volatility (7.10%) compared to GSY (0.15%). In terms of maximum drawdown, GSY dropped -12.14% vs AAPL's -81.80%.

Which has better risk-adjusted returns?

GSY currently has the higher Sharpe Ratio (10.83 vs 2.32), 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.