GSY vs. IBHD

Last updated Jun 4, 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: 0.00%
• 1M: 0.36%
• YTD: 1.59%
• 6M: 1.96%
• 1Y: 4.54%
• 3Y*: 5.45%
• 5Y*: 3.65%
• 10Y*: 2.86%

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	1.12%
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: 100
GSY Sharpe Ratio Rank: 99
GSY Sortino Ratio Rank: 100
GSY Omega Ratio Rank: 100
GSY Calmar Ratio Rank: 100
GSY Martin Ratio Rank: 100

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.

	GSY	IBHD	Difference
Sharpe ratio: Return per unit of total volatility	11.52	—	—
Sortino ratio: Return per unit of downside risk	29.56	—	—
Omega ratio: Gain probability vs. loss probability	7.01	—	—
Calmar ratio: Return relative to maximum drawdown	76.07	—	—
Martin ratio: Return relative to average drawdown	397.70	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	GSY	IBHD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	11.52	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	6.29	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	2.35	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.46	—	—

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	-2.39%	0.00%	-2.39%
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	0.29%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	0.40%	0.00%	+0.40%
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 4.34%, 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	4.34%	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 4.34%, 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.