GSY vs. IBHD

Last updated Jun 25, 2026

GSY (Invesco Ultra Short Duration ETF) and IBHD (iShares iBonds 2024 Term High Yield & Income ETF) are both exchange-traded funds - GSY is a Ultrashort Bond fund actively managed by Invesco, while IBHD is a High Yield Bonds fund tracking the Bloomberg 2024 Term High Yield and Income Index. GSY is actively managed, while IBHD is passively managed. GSY charges 0.22%/yr vs 0.35%/yr for IBHD.

Performance

GSY vs. IBHD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Ultra Short Duration ETF (GSY) and iShares iBonds 2024 Term High Yield & Income ETF (IBHD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

GSY

• 1D: 0.02%
• 1M: 0.39%
• YTD: 1.83%
• 6M: 1.93%
• 1Y: 4.40%
• 3Y*: 5.43%
• 5Y*: 3.71%
• 10Y*: 2.87%

IBHD

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GSY vs. IBHD - Yearly Performance Comparison

	2026 (YTD)
GSY Invesco Ultra Short Duration ETF	1.33%
IBHD iShares iBonds 2024 Term High Yield & Income ETF	0.00%

Return for Risk

GSY vs. IBHD — 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: 100
GSY Sortino Ratio Rank: 99
GSY Omega Ratio Rank: 99
GSY Calmar Ratio Rank: 100
GSY Martin Ratio Rank: 100

IBHD

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. IBHD - Risk-Adjusted Trends 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.

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	IBHD	Difference
Sharpe ratio: Return per unit of total volatility	10.78	—	—
Sortino ratio: Return per unit of downside risk	25.04	—	—
Omega ratio: Gain probability vs. loss probability	6.03	—	—
Calmar ratio: Return relative to maximum drawdown	73.85	—	—
Martin ratio: Return relative to average drawdown	348.33	—	—

Drawdowns

GSY vs. IBHD - Drawdown Comparison

The maximum GSY drawdown since its inception was -12.14%, which is greater than IBHD's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for GSY and IBHD.

Drawdown Indicators

	GSY	IBHD	Difference
Max Drawdown Largest peak-to-trough decline	-12.14%	0.00%	-12.14%
Max Drawdown (1Y) Largest decline over 1 year	-0.06%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-0.18%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-1.48%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-5.25%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-2.38%	0.00%	-2.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.01%	—	—

Volatility

Volatility by Period

	GSY	IBHD	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.14%	—	—
Volatility (6M) Calculated over the trailing 6-month period	0.31%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	0.41%	0.00%	+0.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.58%	0.00%	+0.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.22%	0.00%	+1.22%

GSY vs. IBHD - Expense Ratio Comparison

GSY has a 0.22% expense ratio, which is lower than IBHD's 0.35% expense ratio.

Dividends

GSY vs. IBHD - Dividend Comparison

GSY's dividend yield for the trailing twelve months is around 4.30%, while IBHD has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GSY Invesco Ultra Short Duration ETF	4.30%	4.56%	5.31%	4.95%	1.70%	0.58%	1.45%	2.71%	2.30%	1.80%	1.21%	1.17%
IBHD iShares iBonds 2024 Term High Yield & Income ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, GSY or IBHD?

On fees, GSY is cheaper at 0.22% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GSY or IBHD?

GSY is cheaper with a 0.22% expense ratio, compared with 0.35% for IBHD.

Which ETF pays a higher dividend yield, GSY or IBHD?

GSY has the higher dividend yield at 4.30%, compared with 0.00% for IBHD.

What is the main difference between GSY and IBHD?

GSY is categorized as Ultrashort Bond, while IBHD is High Yield Bonds. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.22% for GSY and 0.35% for IBHD.