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.
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.
Performance
GSY vs. IBHD - Performance Comparison
Key characteristics
Returns By Period
GSY
0.27%
0.46%
2.84%
5.91%
2.80%
2.50%
IBHD
N/A
N/A
N/A
N/A
N/A
N/A
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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.
Risk-Adjusted Performance
GSY vs. IBHD — Risk-Adjusted Performance Rank
GSY
IBHD
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 5.29%, while IBHD has not paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GSY Invesco Ultra Short Duration ETF | 5.29% | 5.31% | 4.95% | 1.70% | 0.58% | 1.60% | 2.91% | 2.42% | 2.02% | 1.30% | 1.17% | 1.29% |
IBHD iShares iBonds 2024 Term High Yield & Income ETF | 5.53% | 5.53% | 6.90% | 4.90% | 4.43% | 5.49% | 3.59% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
GSY vs. IBHD - Drawdown Comparison
Volatility
GSY vs. IBHD - Volatility Comparison
Invesco Ultra Short Duration ETF (GSY) has a higher volatility of 0.13% compared to iShares iBonds 2024 Term High Yield & Income ETF (IBHD) at 0.00%. This indicates that GSY's price experiences larger fluctuations and is considered to be riskier than IBHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.