GSY vs. ICIFX
Compare and contrast key facts about Invesco Ultra Short Duration ETF (GSY) and Invesco Conservative Income Fund (ICIFX).
GSY is an actively managed fund by Invesco. It was launched on Feb 12, 2008. ICIFX is managed by Invesco. It was launched on Jul 1, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GSY or ICIFX.
Key characteristics
| GSY | ICIFX | |
|---|---|---|
| YTD Return | 1.63% | 1.25% |
| 1Y Return | 5.90% | 5.32% |
| 3Y Return (Ann) | 2.51% | 2.32% |
| 5Y Return (Ann) | 2.38% | 2.16% |
| Sharpe Ratio | 8.96 | 3.22 |
| Daily Std Dev | 0.66% | 1.65% |
| Max Drawdown | -12.14% | -2.19% |
| Current Drawdown | 0.00% | -0.20% |
Correlation
The correlation between GSY and ICIFX is 0.22, 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. ICIFX - Performance Comparison
In the year-to-date period, GSY achieves a 1.63% return, which is significantly higher than ICIFX's 1.25% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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GSY vs. ICIFX - Expense Ratio Comparison
GSY has a 0.22% expense ratio, which is lower than ICIFX's 0.27% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
GSY vs. ICIFX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Ultra Short Duration ETF (GSY) and Invesco Conservative Income Fund (ICIFX). 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. ICIFX - Dividend Comparison
GSY's dividend yield for the trailing twelve months is around 5.46%, more than ICIFX's 4.77% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GSY Invesco Ultra Short Duration ETF | 5.46% | 4.95% | 1.70% | 0.58% | 1.60% | 2.92% | 2.43% | 2.02% | 1.30% | 1.17% | 1.29% | 1.14% |
ICIFX Invesco Conservative Income Fund | 4.77% | 4.26% | 1.45% | 0.41% | 1.22% | 2.50% | 2.21% | 1.35% | 0.98% | 0.37% | 0.00% | 0.00% |
Drawdowns
GSY vs. ICIFX - Drawdown Comparison
The maximum GSY drawdown since its inception was -12.14%, which is greater than ICIFX's maximum drawdown of -2.19%. Use the drawdown chart below to compare losses from any high point for GSY and ICIFX. For additional features, visit the drawdowns tool.
Volatility
GSY vs. ICIFX - Volatility Comparison
The current volatility for Invesco Ultra Short Duration ETF (GSY) is 0.17%, while Invesco Conservative Income Fund (ICIFX) has a volatility of 0.59%. This indicates that GSY experiences smaller price fluctuations and is considered to be less risky than ICIFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.