GSY vs. FLOT
GSY (Invesco Ultra Short Duration ETF) and FLOT (iShares Floating Rate Bond ETF) are both Ultrashort Bond funds. GSY is actively managed, while FLOT is passively managed. Over the past 10 years, GSY returned 2.86%/yr vs 3.04%/yr for FLOT. At a 0.14 correlation, their price movements are largely independent. GSY charges 0.22%/yr vs 0.15%/yr for FLOT.
Performance
GSY vs. FLOT - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, GSY achieves a 1.72% return, which is significantly lower than FLOT's 1.99% return. Over the past 10 years, GSY has underperformed FLOT with an annualized return of 2.86%, while FLOT has yielded a comparatively higher 3.04% annualized return.
GSY
- 1D
- 0.00%
- 1M
- 0.36%
- YTD
- 1.72%
- 6M
- 1.96%
- 1Y
- 4.49%
- 3Y*
- 5.48%
- 5Y*
- 3.68%
- 10Y*
- 2.86%
FLOT
- 1D
- 0.02%
- 1M
- 0.45%
- YTD
- 1.99%
- 6M
- 2.23%
- 1Y
- 4.87%
- 3Y*
- 5.66%
- 5Y*
- 4.22%
- 10Y*
- 3.04%
GSY vs. FLOT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GSY Invesco Ultra Short Duration ETF | 1.72% | 4.96% | 5.95% | 5.99% | 0.01% | 0.03% | 1.88% | 3.39% | 2.18% | 1.86% |
FLOT iShares Floating Rate Bond ETF | 1.99% | 4.91% | 6.53% | 6.43% | 1.28% | 0.45% | 0.87% | 3.97% | 1.48% | 1.65% |
Correlation
The correlation between GSY and FLOT is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Jun 17, 2011 | 0.14 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
GSY vs. FLOT — Risk / Return Rank
GSY
FLOT
GSY vs. FLOT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Ultra Short Duration ETF (GSY) and iShares Floating Rate Bond ETF (FLOT). 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 | FLOT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.65 | ||
| Sortino ratioReturn per unit of downside risk | +15.51 | ||
| Omega ratioGain probability vs. loss probability | 6.54 | 3.23 | +3.30 |
| Calmar ratioReturn relative to maximum drawdown | 75.72 | 11.32 | +64.40 |
| Martin ratioReturn relative to average drawdown | 373.96 | 105.27 | +268.69 |
Loading charts...
Drawdowns
GSY vs. FLOT - Drawdown Comparison
The maximum GSY drawdown since its inception was -12.14%, smaller than the maximum FLOT drawdown of -13.54%. Use the drawdown chart below to compare losses from any high point for GSY and FLOT.
Loading charts...
Drawdown Indicators
| GSY | FLOT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.14% | -13.54% | +1.40% |
Max Drawdown (1Y)Largest decline over 1 year | -0.06% | -0.43% | +0.37% |
Max Drawdown (3Y)Largest decline over 3 years | -0.18% | -1.57% | +1.39% |
Max Drawdown (5Y)Largest decline over 5 years | -1.48% | -2.36% | +0.88% |
Max Drawdown (10Y)Largest decline over 10 years | -5.25% | -13.54% | +8.29% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -2.38% | -0.21% | -2.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.01% | 0.05% | -0.04% |
Volatility
GSY vs. FLOT - Volatility Comparison
The current volatility for Invesco Ultra Short Duration ETF (GSY) is 0.15%, while iShares Floating Rate Bond ETF (FLOT) has a volatility of 0.21%. This indicates that GSY experiences smaller price fluctuations and is considered to be less risky than FLOT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| GSY | FLOT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.15% | 0.21% | -0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 0.31% | 0.63% | -0.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.40% | 0.75% | -0.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.58% | 1.77% | -1.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.22% | 4.15% | -2.93% |
GSY vs. FLOT - Expense Ratio Comparison
GSY has a 0.22% expense ratio, which is higher than FLOT'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
GSY vs. FLOT - Dividend Comparison
GSY's dividend yield for the trailing twelve months is around 4.34%, less than FLOT's 4.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLOT iShares Floating Rate Bond ETF | 4.53% | 4.84% | 5.82% | 5.66% | 2.06% | 0.43% | 1.25% | 2.78% | 2.41% | 1.46% | 0.97% | 0.53% |
GSY Invesco Ultra Short Duration ETF | 4.34% | 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
GSY and FLOT have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FLOT has higher volatility (0.21%) compared to GSY (0.15%). In terms of maximum drawdown, GSY dropped -12.14% vs FLOT's -13.54%.
On 10-year performance, FLOT leads with 3.04% vs 2.86% for GSY. On fees, FLOT 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 10-year period, FLOT has performed better with a 3.04% return vs 2.86%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FLOT is cheaper with a 0.15% expense ratio, compared with 0.22% for GSY.
FLOT has the higher dividend yield at 4.53%, compared with 4.34% for GSY.
They also come from different issuers: Invesco and iShares. Their fees differ too: 0.22% for GSY and 0.15% for FLOT.
GSY currently has the higher Sharpe Ratio (11.20 vs 6.56), 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.
Find the right allocation for GSY and FLOT
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer