GSY vs. IBHD
Compare and contrast key facts about Invesco Ultra Short Duration ETF (GSY) and iShares iBonds 2024 Term High Yield & Income ETF (IBHD).
GSY and IBHD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GSY is an actively managed fund by Invesco. It was launched on Feb 12, 2008. IBHD is a passively managed fund by iShares that tracks the performance of the Bloomberg 2024 Term High Yield and Income Index. It was launched on May 7, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GSY or IBHD.
Performance
GSY vs. IBHD - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with GSY having a 5.31% return and IBHD slightly higher at 5.43%.
GSY
5.31%
0.36%
3.08%
6.53%
2.70%
2.41%
IBHD
5.43%
0.46%
3.04%
6.79%
4.17%
N/A
Key characteristics
| GSY | IBHD | |
|---|---|---|
| Sharpe Ratio | 10.91 | 4.07 |
| Sortino Ratio | 27.41 | 6.30 |
| Omega Ratio | 6.23 | 2.04 |
| Calmar Ratio | 65.50 | 13.28 |
| Martin Ratio | 338.09 | 76.72 |
| Ulcer Index | 0.02% | 0.09% |
| Daily Std Dev | 0.60% | 1.68% |
| Max Drawdown | -12.14% | -20.11% |
| Current Drawdown | 0.00% | 0.00% |
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GSY vs. IBHD - Expense Ratio Comparison
GSY has a 0.22% expense ratio, which is lower than IBHD's 0.35% expense ratio.
Correlation
The correlation between GSY and IBHD is 0.12, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Risk-Adjusted Performance
GSY vs. IBHD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Ultra Short Duration ETF (GSY) and iShares iBonds 2024 Term High Yield & Income ETF (IBHD). 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.
Dividends
GSY vs. IBHD - Dividend Comparison
GSY's dividend yield for the trailing twelve months is around 5.70%, less than IBHD's 6.26% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GSY Invesco Ultra Short Duration ETF | 5.70% | 4.95% | 1.70% | 0.58% | 1.60% | 2.91% | 2.42% | 2.02% | 1.30% | 1.17% | 1.29% | 1.15% |
IBHD iShares iBonds 2024 Term High Yield & Income ETF | 6.26% | 6.90% | 4.91% | 4.43% | 5.50% | 3.59% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
GSY vs. IBHD - Drawdown Comparison
The maximum GSY drawdown since its inception was -12.14%, smaller than the maximum IBHD drawdown of -20.11%. Use the drawdown chart below to compare losses from any high point for GSY and IBHD. For additional features, visit the drawdowns tool.
Volatility
GSY vs. IBHD - Volatility Comparison
The current volatility for Invesco Ultra Short Duration ETF (GSY) is 0.13%, while iShares iBonds 2024 Term High Yield & Income ETF (IBHD) has a volatility of 0.25%. This indicates that GSY experiences smaller price fluctuations and is considered to be less risky than IBHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.